Quarterly report pursuant to Section 13 or 15(d)

Impairment of Long-Lived Assets

v3.22.1
Impairment of Long-Lived Assets
3 Months Ended
Mar. 31, 2022
Impairment or Disposal of Tangible Assets Disclosure [Abstract]  
Impairment of Long-Lived Assets
13.
Impairment of Long-Lived Assets

The Company performed a qualitative impairment analysis on its long-lived assets as of March 31, 2022. The Company’s
qualitative analysis considered economic and market conditions, industry trading multiples and the impact of recent industry
developments and events on the estimated fair values as determined during its most recent quantitative assessments as of December
31, 2021. The Company’s consideration of economic and market conditions included the status of the COVID-19 pandemic and its
impact on the Company’s anticipated recovery as well as future film release schedules. As a result of the qualitative assessment, the Company noted no impairment indicators as of March 31, 2022.

Further description of the Company's qualitative impairment analysis, by asset class, is as follows:

Goodwill – The Company’s qualitative assessment of goodwill for each reporting unit considers economic and market conditions, industry trading multiples and the impact of recent developments and events on the Company's estimated fair values as compared with its most recent quantitative assessment.
Tradename Intangible Assets – The Company’s qualitative assessment considers recent developments that may impact the Company's revenue forecasts and other estimates as compared with its most recent quantitative assessment.
Other Long-lived Assets – The Company’s qualitative assessment considers relevant market transactions, industry trading multiples and recent developments that would impact the Company's estimates of future cash flows, which are the primarily measure of estimated fair value, as compared with its most recent quantitative impairment assessment.