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Investments (Tables)
 12 Months Ended
Mar. 31, 2019
Equity Method Investments, and Investments in Debt and Equity Securities [Abstract]  
Carrying Amount of Investments, By Category
The Company's investments consisted of the following:
 
 
March 31,
2019
 
March 31,
2018
 
 
(Amounts in millions)
Investments in equity method investees
 
$
24.5

 
$
127.0

Other investments
 
1.7

 
37.9

 
 
$
26.2

 
$
164.9
Equity Interests Income (Loss)
The Company's equity interests income (loss) were as follows:
 
 
Year Ended
 
March 31,
Equity Method Investee
2019
 
2018
 
2017
 
(Amounts in millions)
EPIX(1)
$
—

 
$
4.0

 
$
31.0

Pop(2)
(8.4
)
 
(9.0
)
 
(6.9
)
Other
(34.5
)
 
(47.8
)
 
(13.4
)
 
$
(42.9
)
 
$
(52.8
)
 
$
10.7

____________________
(1)
The Company's equity interest in EPIX was sold in May 2017 (see further discussion under "Gain (Loss) on Investments" section below).
(2)
The Company's equity interest in Pop was sold in March 2019 (see further discussion under "Pop" section below).
Gain (Loss) on Investments
The following table summarizes the components of the gain (loss) on investments:

 
Year Ended
 
March 31,
 
2019
 
2018
 
2017
 
(Amounts in millions)
Impairments of investments(1)
$
(36.8
)
 
$
(29.2
)
 
$
—

Unrealized losses on equity securities held as of March 31, 2019
(6.2
)
 
—

 
—

Gain (loss) on sale of equity method investees(2)
(44.6
)
 
201.0

 
—

Gain on Starz investment(3)
—

 
—

 
20.4

 
$
(87.6
)
 
$
171.8

 
$
20.4

_________________
(1)
In the fiscal years ended March 31, 2019 and 2018, amounts include impairments of equity method investments, and the fiscal year ended March 31, 2019 also includes other-than-temporary impairments of $34.2 million on investments in equity securities without readily determinable fair values and notes receivable (previously included in other assets) which were written down to their estimated fair value.
(2)
In the fiscal year ended March 31, 2019, represents the loss before income taxes recorded in connection with the March 2019 sale of the Company's 50.0% equity interest in Pop. In the fiscal year ended March 31, 2018, represents the gain before income taxes recorded in connection with the May 2017 sale of the Company's 31.15% equity interest in EPIX.
(3)
Represents the difference between the fair value and the original cost of the available-for-sale investment in equity securities of Starz held on the date of the Starz Merger (December 8, 2016).
Pop  
Schedule of Equity Method Investments [Line Items]  
Summarized Statement of Income
The following table presents the summarized statements of operations for the period from April 1, 2018 through the date of sale of March 15, 2019, and for the years ended March 31, 2018 and 2017 for Pop and a reconciliation of the net loss reported by Pop to equity interest loss recorded by the Company:
 
Period from April 1, 2018 to March 15, 2019 (date of sale)
 
Year Ended
 
 
March 31,
 
 
2018
 
2017
 
 
 
 
Revenues
$
96.9

 
$
110.9

 
$
95.0

Expenses:
 
 
 
 
 
Cost of services
55.0

 
66.2

 
52.7

Selling, marketing, and general and administration
49.9

 
54.1

 
47.6

Depreciation and amortization
7.4

 
8.1

 
7.9

Operating loss
(15.4
)
 
(17.5
)
 
(13.2
)
Interest expense, net
2.2

 
1.0

 
0.6

Accretion of redeemable preferred stock units(1)
89.4

 
79.1

 
67.8

Total interest expense, net
91.6

 
80.1

 
68.4

Net loss
$
(107.0
)
 
$
(97.6
)
 
$
(81.6
)
Reconciliation of net loss reported by Pop to equity interest loss:
 
 
 
 
 
Net loss reported by Pop
$
(107.0
)
 
$
(97.6
)
 
$
(81.6
)
Ownership interest in Pop
50
%
 
50
%
 
50
%
The Company's share of net loss
(53.5
)
 
(48.8
)
 
(40.8
)
Accretion of dividend and interest income on redeemable preferred stock units(1)
44.7

 
39.5

 
33.9

Elimination of the Company's share of profits on licensing sales to Pop
(0.2
)
 
(0.8
)
 
(0.6
)
Realization of the Company’s share of profits on licensing sales to Pop
0.6

 
1.1

 
0.6

Total equity interest loss recorded
$
(8.4
)
 
$
(9.0
)
 
$
(6.9
)
 ___________________
(1)
Accretion of mandatorily redeemable preferred stock units represents Pop's 10% dividend and the amortization of discount on its mandatorily redeemable preferred stock units held by the Company and the other interest holder. The Company recorded its share of this expense as income from the accretion of dividend and discount on mandatorily redeemable preferred stock units within equity interest income (loss).
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 year ended March 31, 2017 and a reconciliation of the net income reported by EPIX to equity interest income recorded by the Company:

 
Period from April 1, 2017 to May 11, 2017 (date of sale)
 
Twelve Months Ended
 
 
March 31,
 
 
2017
 
(Amounts in millions)
Revenues
$
44.8

 
$
400.1

Expenses:
 
 
 
Operating expenses
32.3

 
259.8

Selling, general and administrative expenses
2.4

 
23.3

Operating income
10.1

 
117.0

Interest and other expense
—

 
(0.3
)
Net income
$
10.1

 
$
116.7

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

 
$
116.7

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

 
36.4

Eliminations of the Company’s share of profits on licensing sales to EPIX(1)
(0.1
)
 
(12.4
)
Realization of the Company’s share of profits on licensing sales to EPIX(2)
1.0

 
7.0

Total equity interest income recorded
$
4.0

 
$
31.0

_________________________
(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 remains eliminated until realized by EPIX. EPIX initially records the license fee for the title as inventory on its balance sheet and amortizes the inventory over the license period. Accordingly, the profit is realized as the inventory on EPIX's books is amortized.
Other Equity Method Investments  
Schedule of Equity Method Investments [Line Items]  
Summarized Balance Sheet
Summarized financial information for the Company's "other equity method investees", on an aggregate basis, is set forth below:
 
March 31,
2019
 
March 31,
2018
 
(Amounts in millions)
Current assets
$
189.8

 
$
232.7

Non-current assets
$
55.7

 
$
130.0

Current liabilities
$
167.8

 
$
201.5

Non-current liabilities
$
46.7

 
$
45.0
Summarized Statement of Income
 
Year Ended
 
March 31,
 
2019
 
2018
 
2017
 
(Amounts in millions)
Revenues
$
107.5

 
$
178.8

 
$
30.1

Gross profit
$
36.9

 
$
42.6

 
$
9.1

Net loss
$
(102.6
)
 
$
(117.7
)
 
$
(50.8
)