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Investments (Tables)
 9 Months Ended
Dec. 31, 2017
Equity Method Investments, Cost Method Investments, and Investments in Debt and Equity [Abstract]  
Carrying Amount of Investments, By Category
The carrying amounts of investments, by category, at December 31, 2017 and March 31, 2017 were as follows:
 
 
December 31,
2017
 
March 31,
2017
 
 
(Amounts in millions)
Equity method investments
 
$
136.8

 
$
322.9

Available-for-sale securities
 
9.2

 
8.0

Cost method investments
 
30.6

 
40.6

 
 
$
176.6

 
$
371.5
Schedule of Equity Method Investments [Line Items]  
Carrying Amount of Equity Method Investments
The carrying amounts of equity method investments at December 31, 2017 and March 31, 2017 were as follows:
 
 
December 31,
2017
 
 
 
 
Equity Method Investee
Ownership
Percentage
 
December 31,
2017
 
March 31,
2017
 
 
 
(Amounts in millions)
EPIX(1)
n/a(1)
 
$
—

 
$
188.8

Pop
50.0%
 
96.4

 
96.8

Other
Various
 
40.4

 
37.3

 
 
 
$
136.8

 
$
322.9


________________
(1)
In May 2017, the Company sold all of its 31.15% equity interest in EPIX to MGM (see further details below).
Equity Method Investee, Income (Loss)
Equity interests in equity method investments for the three and nine months ended December 31, 2017 and 2016 were as follows (income (loss)):
 
 
Three Months Ended
 
Nine Months Ended
 
December 31,
 
December 31,
Equity Method Investee
2017
 
2016
 
2017
 
2016
 
(Amounts in millions)
EPIX
$
—

 
$
5.3

 
$
4.0

 
$
21.3

Pop
(1.4
)
 
(2.6
)
 
(3.9
)
 
(4.6
)
Other
(12.4
)
 
(4.2
)
 
(34.9
)
 
(5.5
)
 
$
(13.8
)
 
$
(1.5
)
 
$
(34.8
)
 
$
11.2
Available-for-sale Securities [Abstract]  
Available-for-sale Securities
The cost basis, unrealized gains and fair market value of available-for-sale securities were as set forth below:

 
 
December 31,
2017
 
March 31,
2017
 
 
(Amounts in millions)
Cost basis
 
$
2.6

 
$
2.6

Gross unrealized gain
 
6.6

 
5.4

Fair value
 
$
9.2

 
$
8.0
EPIX  
Schedule of Equity Method Investments [Line Items]  
Summarized Statement of Income
The following table presents the summarized statements of income for EPIX for the period from April 1, 2017 through the date of sale of May 11, 2017, and for the three and nine months ended December 31, 2016 and a reconciliation of the net income reported by EPIX to equity interest income recorded by the Company:
 
Period from
 
Three Months
Ended
 
Nine Months
 Ended
 
April 1, 2017 to
 
 
 
May 11, 2017
(date of sale)
 
December 31,
2016
 
December 31, 2016
 
(Amounts in millions)
Revenues
$
44.8

 
$
101.5

 
$
298.3

Expenses:
 
 
 
 
 
Operating expenses
32.3

 
73.2

 
193.5

Selling, general and administrative expenses
2.4

 
5.3

 
18.2

Operating income
10.1

 
23.0

 
86.6

Interest and other expense
—

 
(0.1
)
 
(0.3
)
Net income
$
10.1

 
$
22.9

 
$
86.3

Reconciliation of net income reported by EPIX to equity interest income:
 
 
 
 
 
Net income reported by EPIX
$
10.1

 
$
22.9

 
$
86.3

Ownership interest in EPIX
31.15
%
 
31.15
%
 
31.15
%
The Company's share of net income
3.1

 
7.1

 
26.9

Eliminations of the Company’s share of profits on licensing sales to EPIX(1)
(0.1
)
 
(3.7
)
 
(10.4
)
Realization of the Company’s share of profits on licensing sales to EPIX(2)
1.0

 
1.9

 
4.8

Total equity interest income recorded
$
4.0

 
$
5.3

 
$
21.3

_________________________
(1)
Represents the elimination of the gross profit recognized by the Company on licensing sales to EPIX in proportion to the Company's ownership interest in EPIX.
(2)
Represents the realization of a portion of the profits previously eliminated. This profit remained eliminated until realized by EPIX. EPIX initially recorded the license fee for the title as inventory on its balance sheet and amortizes the inventory over the license period. Accordingly, the profit was realized as the inventory on EPIX's books was amortized.