Investments

3 Months Ended

Jun. 30, 2026

Equity Method Investments, and Investments in Debt and Equity Securities [Abstract]

The Company’s investments consisted of the following:


	June 30, 2026		March 31, 2026
	(Amounts in millions)
Investments in equity method investees	$	28.7	$	31.4
Other investments(1)	11.4		9.7
Total investments in equity method investees	$	40.1	$	41.1

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(1) Other investments represent equity investments without readily determinable fair values.

Equity Method Investments

The Company has investments in various equity method investees with ownership percentages ranging from approximately 13% to 49%. These investments include:

•Roadside Attractions. Roadside Attractions is an independent theatrical distribution company.

•Pantelion Films. Pantelion Films is a joint venture with Videocine, an affiliate of Televisa, which produces, acquires and distributes a slate of English and Spanish language feature films that target Hispanic moviegoers in the U.S.

•42. 42 is a fully integrated management and production company, producing film, television and content, representing actors, writers, directors, comedians, presenters, producers, casting directors and media book rights; with offices in London and Los Angeles.

•STARZPLAY Arabia. STARZPLAY Arabia (Playco Holdings Limited) offers a STARZ-branded online subscription video-on-demand service in the Middle East and North Africa.

•Other. In addition to the equity method investments discussed above, the Company holds ownership interests in other immaterial equity method investees.

Sale of Equity Method Investment

On April 17, 2025, the Company sold its equity method ownership interest in Spyglass, a global premium content company, for $31.9 million, resulting in a gain of $3.1 million recognized within gain on investments on the Company’s unaudited condensed consolidated statement of operations during the three months ended June 30, 2025. The Company received the total proceeds during the year ended March 31, 2026.