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Investment in Film and Television Programs (Tables)

12 Months Ended

May 31, 2025

Investments, All Other Investments [Abstract]

Summary of Investment in Film and Television Programs

The following table summarizes investment in film and television programs at May 31:


	2025
Released, net of accumulated amortization	$	26.2
Completed and not released		—
In production		6.8
In development		5.2
Acquired library content (1)		3.6
Other (2)		0.3
Investment in Film and Television Programs, net (3)	$	42.1

(1) Acquired library content is monetized individually and amortized on a straight-line basis. At May 31, 2025, the weighted-average remaining amortization period was approximately 7 years.

(2) Other primarily consists of third party distribution rights.

(3) Production tax credits reduced total investment in films and television programs by $5.8 as of May 31, 2025 and resulted in a reduction of Cost of goods sold related to the amortization of investment in films and television programs of approximately $9.5 for the fiscal year ended May 31, 2025.

Amortization Of Film And Television Program Cost

The following table summarizes estimated future amortization expense for the Company’s investment in film and television programs as of May 31, 2025:


	Fiscal year ending May 31,
	2026		2027		2028
Estimated future amortization expense:
Released, net of accumulated amortization	$	4.1	$	3.3	$	2.7
Acquired library content		0.7		0.5		0.5