NOTE 6. INVENTORIES
The Company's inventories were comprised of the following:
As of June 30, | |||||||
2013 | 2012 | ||||||
(in millions) | |||||||
Programming rights | $ | 4,996 | $ | 4,285 | |||
DVDs, Blu-rays, and other merchandise | 69 | 70 | |||||
Filmed entertainment costs: | |||||||
Films: | |||||||
Released | 806 | 846 | |||||
Completed, not released | 10 | 135 | |||||
In production | 958 | 502 | |||||
In development or preproduction | 193 | 140 | |||||
1,967 | 1,623 | ||||||
Television productions: | |||||||
Released | 696 | 561 | |||||
In production | 425 | 370 | |||||
In development or preproduction | 2 | 4 | |||||
1,123 | 935 | ||||||
Total filmed entertainment costs, less accumulated amortization(a) | 3,090 | 2,558 | |||||
Total inventories, net from continuing operations | 8,155 | 6,913 | |||||
Total inventories, net from discontinued operations | - | 278 | |||||
Total inventories, net | 8,155 | 7,191 | |||||
Less: current portion of inventories, net (b) | (2,784) | (2,595) | |||||
Total noncurrent inventories | $ | 5,371 | $ | 4,596 |
As of June 30, 2013, the Company estimated that approximately 63% of unamortized filmed entertainment costs from the completed films are expected to be amortized during fiscal 2014 and approximately 94% of released filmed entertainment costs will be amortized within the next three fiscal years. During fiscal 2014, the Company expects to pay $1,112 million in accrued participation liabilities, which are included in Participations, residuals and royalties payable in the consolidated balance sheets. As of June 30, 2013, acquired film and television libraries had remaining unamortized film costs of $34 million, which are generally amortized using the individual film forecast method over a remaining period of approximately 5-8 years.