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Friday, February 19, 2016
Note 10
Content assets and commitments
10.1 Content assets
December 31, 2015
Accumulated
Content assets,
amortization and
gross
(in millions of euros)
impairment losses
Content assets
Film and television costs 6,145 (5,483) 662
Sports rights 415 - 415
Music catalogs and publishing rights 8,756 (7,076) 1,680
Advances to artists and repertoire owners 611 - 611
Merchandising contracts and artists services 27 (23) 4
Other 6 (4) 2
Content assets 15,960 (12,586) 3,374
Deduction of current content assets (1,102) 14 (1,088)
Non-current content assets 14,858 (12,572) 2,286
December 31, 2014
Accumulated
Content assets,
amortization and
gross
(in millions of euros)
impairment losses
Content assets
Film and television costs 6,003 (5,244) 759
Sports rights 411 - 411
Music catalogs and publishing rights 7,897 (6,031) 1,866
Advances to artists and repertoire owners 642 - 642
Merchandising contracts and artists services 27 (20) 7
Content assets 14,980 (11,295) 3,685
Deduction of current content assets (1,155) 20 (1,135)
Non-current content assets 13,825 (11,275) 2,550
Changes in content assets
Year ended December 31,
(in millions of euros) 2015 2014
Opening balance 3,685 3,772
Amortization of content assets excluding those acquired through business combinations (21) (14)
Amortization of content assets acquired through business combinations (398) (334)
Impairment losses on content assets acquired through business combinations (2) -
Increase 2,354 2,339
Decrease (2,465) (2,352)
Business combinations 4 27
Changes in foreign currency translation adjustments and other 217 247
Closing balance 3,374 3,685
Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2015 Vivendi /67