Revenue recognition, Accounting Basics

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Revenues from the theatrical supply of motion pictures are recognized when motion pictures are exhibited. Television licensing revenues are recorded while the program material is available for telecasting by the licensee and when certain other conditions are met. Revenues from video sales are acknowledged on the date that video units are made widely available for sale by retailers.

Revenues from participants as well as sponsors at the theme parks are generally recorded over the period of the applicable agreements commencing with the opening of the related attraction.


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