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Segment Information (Tables) | 9 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Segment Information By Business Unit | Segment information by business unit is presented in the table below. The Media Networks segment reflects the Starz network business from the date of acquisition (December 8, 2016), and the Lionsgate direct to consumer streaming services on SVOD platforms for the historical periods presented.
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (Amounts in millions)
Segment revenues |  |  |  |  |  |  |
Motion Pictures | $ | 440 |  |  | $ | 506 |  |  | $ | 1,266 |  |  | $ | 1,135 |
Television Production | 229 |  |  | 165 |  |  | 595 |  |  | 421 |
Media Networks | 85 |  |  | — |  |  | 86 |  |  | — |
Intersegment eliminations | (2 | ) |  | — |  |  | (2 | ) |  | — |
| $ | 752 |  |  | $ | 671 |  |  | $ | 1,945 |  |  | $ | 1,556 |
Gross contribution |  |  |  |  |  |  |
Motion Pictures | $ | 77 |  |  | $ | 51 |  |  | $ | 153 |  |  | $ | 157 |
Television Production | 33 |  |  | 17 |  |  | 70 |  |  | 49 |
Media Networks | 41 |  |  | (1 | ) |  | 29 |  |  | (1 | )
Intersegment eliminations | (1 | ) |  | — |  |  | (1 | ) |  | — |
| $ | 150 |  |  | $ | 67 |  |  | $ | 251 |  |  | $ | 205 |
Segment general and administration |  |  |  |  |  |  |
Motion Pictures | $ | 26 |  |  | $ | 18 |  |  | $ | 74 |  |  | $ | 60 |
Television Production | 7 |  |  | 5 |  |  | 23 |  |  | 15 |
Media Networks | 8 |  |  | 3 |  |  | 14 |  |  | 3 |
| $ | 41 |  |  | $ | 26 |  |  | $ | 111 |  |  | $ | 78 |
Segment profit (loss) |  |  |  |  |  |  |
Motion Pictures | $ | 51 |  |  | $ | 33 |  |  | $ | 79 |  |  | $ | 97 |
Television Production | 26 |  |  | 12 |  |  | 47 |  |  | 34 |
Media Networks | 33 |  |  | (4 | ) |  | 15 |  |  | (4 | )
Intersegment eliminations | (1 | ) |  | — |  |  | (1 | ) |  | — |
| $ | 109 |  |  | $ | 41 |  |  | $ | 140 |  |  | $ | 127 |
Reconciliation Of Total Segment Profit To The Company's Loss Before Income Taxes | The reconciliation of total segment profit to the Company’s loss before income taxes is as follows:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (Amounts in millions)
Company’s total segment profit | $ | 109 |  |  | $ | 41 |  |  | $ | 140 |  |  | $ | 127 |
Corporate general and administrative expenses | (25 | ) |  | (17 | ) |  | (68 | ) |  | (54 | )
Adjusted depreciation and amortization(1) | (4 | ) |  | (3 | ) |  | (13 | ) |  | (7 | )
Restructuring and other(2) | (52 | ) |  | (13 | ) |  | (70 | ) |  | (18 | )
Adjusted share-based compensation expense(3) | (22 | ) |  | (13 | ) |  | (52 | ) |  | (48 | )
Purchase accounting and related adjustments(4) | (13 | ) |  | (4 | ) |  | (25 | ) |  | (4 | )
Operating loss | (7 | ) |  | (9 | ) |  | (88 | ) |  | (4 | )
Interest expense | (27 | ) |  | (14 | ) |  | (58 | ) |  | (40 | )
Interest and other income | 1 |  |  | — |  |  | 4 |  |  | 2 |
Gain on Starz investment | 20 |  |  | — |  |  | 20 |  |  | — |
Loss on extinguishment of debt | (28 | ) |  | — |  |  | (28 | ) |  | — |
Equity interests income | (2 | ) |  | 11 |  |  | 11 |  |  | 29 |
Loss before income taxes | $ | (43 | ) |  | $ | (12 | ) |  | $ | (139 | ) |  | $ | (13 | )
___________________
(1) | Adjusted depreciation and amortization represents depreciation and amortization as presented on our unaudited condensed consolidated statements of operations less the depreciation and amortization related to the non-cash fair value adjustments to property and equipment and intangible assets acquired in the acquisition of Starz and Pilgrim Media Group which are included in the purchase accounting and related adjustments line item above.
(2) | Restructuring and other includes restructuring and severance costs, certain transaction related costs, and certain unusual items, when applicable (see Note 14).
(3) | Adjusted share-based compensation expense represents share-based compensation excluding (i) immediately vested stock awards granted as part of our annual bonus program issued in lieu of cash bonuses, which are included in segment and corporate general and administrative expenses, and (ii) the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements, when included in restructuring and other expenses (see Note 12 and Note 14).
(4) | Purchase accounting and related adjustments represent the amortization of non-cash fair value adjustments to the assets and liabilities acquired in the acquisition of Starz and Pilgrim Media Group. The following sets forth the amounts included in each line item in the financial statements:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (Amounts in millions)
Purchase accounting and related adjustments: |  |  |  |  |  |  |
Direct operating | $ | 3 |  |  | $ | 3 |  |  | $ | 11 |  |  | $ | 3 |
General and administrative expense | 1 |  |  | 1 |  |  | 4 |  |  | 1 |
Depreciation and amortization | 9 |  |  | — |  |  | 10 |  |  | — |
| $ | 13 |  |  | $ | 4 |  |  | $ | 25 |  |  | $ | 4 |
Segment Revenues by Media | The following table sets forth revenues by media or product line as broken down by segment for the three and nine months ended December 31, 2016 and 2015:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (Amounts in millions)
Segment revenues: |  |  |  |  |  |  |
Motion Pictures |  |  |  |  |  |  |
Theatrical | $ | 87 |  |  | $ | 183 |  |  | $ | 197 |  |  | $ | 232 |
Home Entertainment | 167 |  |  | 126 |  |  | 467 |  |  | 389 |
Television | 91 |  |  | 49 |  |  | 214 |  |  | 157 |
International | 90 |  |  | 140 |  |  | 372 |  |  | 333 |
Other | 5 |  |  | 8 |  |  | 16 |  |  | 24 |
Total Motion Pictures revenues | $ | 440 |  |  | $ | 506 |  |  | $ | 1,266 |  |  | $ | 1,135 |
Television Production |  |  |  |  |  |  |
Domestic Television | $ | 174 |  |  | $ | 121 |  |  | $ | 481 |  |  | $ | 268 |
International | 31 |  |  | 26 |  |  | 75 |  |  | 112 |
Home Entertainment | 23 |  |  | 16 |  |  | 33 |  |  | 36 |
Other | 1 |  |  | 2 |  |  | 6 |  |  | 5 |
Total Television Production revenues | $ | 229 |  |  | $ | 165 |  |  | $ | 595 |  |  | $ | 421 |
Media Networks |  |  |  |  |  |  |
Starz Networks | $ | 83 |  |  | $ | — |  |  | $ | 83 |  |  | $ | — |
Content and Other | 1 |  |  | — |  |  | 1 |  |  | — |
Streaming Services | 1 |  |  | — |  |  | 2 |  |  | — |
Total Media Networks revenues | $ | 85 |  |  | $ | — |  |  | $ | 86 |  |  | $ | — |
Intersegment eliminations | (2 | ) |  | — |  |  | (2 | ) |  | — |
Total revenues | $ | 752 |  |  | $ | 671 |  |  | $ | 1,945 |  |  | $ | 1,556 |
Reconciliation of Assets from Segment to Consolidated | The reconciliation of total segment assets to the Company’s total consolidated assets is as follows:
| December 31, 2016 |  | March 31, 2016
| (Amounts in millions)
Assets |  |  |
Motion Pictures | $ | 1,813 |  |  | $ | 1,924 |
Television Production | 1,158 |  |  | 1,130 |
Media Networks | 5,359 |  |  | — |
Other unallocated assets(1) | 1,050 |  |  | 780 |
| $ | 9,380 |  |  | $ | 3,834 |
_____________________
(1) | Other unallocated assets primarily consist of cash, other assets and investments.
Acquisition of Investment in Films and Television Programs and Program Rights by Segment | The following table sets forth acquisition of investment in films and television programs and program rights, as broken down by segment for the three and nine months ended December 31, 2016 and 2015:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (Amounts in millions)
Acquisition of investment in films and television programs and program rights |  |  |  |  |  |  |
Motion Pictures | $ | 76 |  |  | $ | 140 |  |  | $ | 267 |  |  | $ | 504 |
Television Production | 106 |  |  | 96 |  |  | 345 |  |  | 267 |
Media Networks | 31 |  |  | — |  |  | 48 |  |  | — |
| $ | 213 |  |  | $ | 236 |  |  | $ | 660 |  |  | $ | 771 |
Purchase Accounting and Related Adjustments | Purchase accounting and related adjustments represent the amortization of non-cash fair value adjustments to the assets and liabilities acquired in the acquisition of Starz and Pilgrim Media Group. The following sets forth the amounts included in each line item in the financial statements:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (Amounts in millions)
Purchase accounting and related adjustments: |  |  |  |  |  |  |
Direct operating | $ | 3 |  |  | $ | 3 |  |  | $ | 11 |  |  | $ | 3 |
General and administrative expense | 1 |  |  | 1 |  |  | 4 |  |  | 1 |
Depreciation and amortization | 9 |  |  | — |  |  | 10 |  |  | — |
| $ | 13 |  |  | $ | 4 |  |  | $ | 25 |  |  | $ | 4 |

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