Investment in Films and Television Programs and Program Rights



	March 31, 2019			March 31, 2018
	(Amounts in millions)
Motion Picture Segment - Theatrical and Non-Theatrical Films
Released, net of accumulated amortization	$	376.7		$	410.5
Acquired libraries, net of accumulated amortization	1.8			2.1
Completed and not released	80.6			55.0
In progress	250.4			347.2
In development	45.0			24.6
	754.5			839.4
Television Production Segment - Direct-to-Television Programs
Released, net of accumulated amortization	186.1			238.9
In progress	295.6			186.6
In development	17.6			4.8
	499.3			430.3
Media Networks Segment
Released program rights, net of accumulated amortization	591.0			616.9
In progress	106.8			45.6
In development	56.2			30.0
	754.0			692.5

Intersegment eliminations	(40.1		)	(17.0		)

Investment in films and television programs and program rights, net	1,967.7			1,945.2
Less current portion of program rights	(295.7		)	(253.2		)
Non-current portion	$	1,672.0		$	1,692.0

The Company expects approximately 36.5% of completed films and television programs, excluding licensed program rights, will be amortized during the one-year period ending March 31, 2020. Additionally, the Company expects approximately 82.9% of completed and released films and television programs, excluding licensed program rights and acquired libraries, will be amortized during the three-year period ending March 31, 2022. Licensed program rights expected to be amortized within one-year from the balance sheet date are classified as short-term in the consolidated balance sheet.