XML 79 R60.htm IDEA: XBRL DOCUMENT v3.19.1
Merger and Acquisitions (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
May 29, 2018
Oct. 11, 2017
Dec. 08, 2016
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Business Acquisition [Line Items]            
Goodwill       $ 2,833.5 $ 2,740.8 $ 2,700.5
Interest rate, percentage spread on federal reserve discount rate         5.00%  
Principal amount of debt outstanding       $ 2,927.5 $ 2,520.0  
Class A Voting Common Shares            
Business Acquisition [Line Items]            
Common shares, no par value       $ 0 $ 0  
Class B Non-Voting Common Shares            
Business Acquisition [Line Items]            
Common shares, no par value       $ 0 $ 0  
3 Arts Entertainment            
Business Acquisition [Line Items]            
Equity interests acquired 51.00%          
Aggregate purchase price $ 166.6          
Percentage of cash consideration 50.00%          
Period for issuance of equity interests after closing date 1 year          
Period for weighted average closing price 20 days          
Deferred Compensation Plan Assets       $ 38.3    
Contingency period       5 years    
Noncontrolling interest, fair value $ 15.8          
Intangible assets 47.0          
Goodwill 92.7          
Business acquisition, transaction costs $ 1.3          
3 Arts Entertainment | Class B Non-Voting Common Shares            
Business Acquisition [Line Items]            
Percentage at closing 32.50%          
Percentage to be paid one-year from closing 17.50%          
Starz            
Business Acquisition [Line Items]            
Intangible assets     $ 2,071.0      
Goodwill     2,177.0      
Purchase price, cash consideration     1,176.1      
Starz | Acquisition-related Costs            
Business Acquisition [Line Items]            
Merger-related transaction costs           $ 70.9
Starz | Starz Series A Common Stock            
Business Acquisition [Line Items]            
Purchase price, cash consideration     1,123.3      
Starz | Starz Series B Common Stock            
Business Acquisition [Line Items]            
Purchase price, cash consideration     $ 52.8      
Starz | Class A Voting Common Shares | Common Stock            
Business Acquisition [Line Items]            
Conversion of stock, shares issued (in shares)     0.5      
Starz | Class B Non-Voting Common Shares | Common Stock            
Business Acquisition [Line Items]            
Conversion of stock, shares issued (in shares)     0.5      
Good Universe            
Business Acquisition [Line Items]            
Period for issuance of equity interests after closing date   1 year        
Goodwill   $ 29.0        
Purchase price, cash consideration   20.4        
Purchase price, cash consideration to be paid after one-year of the closing date   1.4        
Purchase price, loans assumed   $ 23.6        
Repayments of corporate debt and production loans         $ 14.9  
Good Universe | Class B Non-Voting Common Shares            
Business Acquisition [Line Items]            
Purchase price, common shares issued or issuable (in shares)   119,751        
Customer relationships | 3 Arts Entertainment            
Business Acquisition [Line Items]            
Weighted-average useful life       12 years    
Customer relationships | Starz            
Business Acquisition [Line Items]            
Weighted-average useful life     17 years      
Starz Dissenting Shareholders | Starz            
Business Acquisition [Line Items]            
Outstanding equity interests (in shares)     22,500,000      
Dissenting shareholders' liability         869.3  
Accrued merger consideration payable [1]     $ 797.3      
Revolving Credit Facility            
Business Acquisition [Line Items]            
Principal amount of debt outstanding       $ 0.0 $ 0.0  
Revolving Credit Facility | Starz            
Business Acquisition [Line Items]            
Outstanding obligations     255.0      
Starz Senior Notes | Senior Notes            
Business Acquisition [Line Items]            
Principal amount of debt outstanding     $ 675.0      
3 Arts Entertainment            
Business Acquisition [Line Items]            
Redeemable noncontrolling interest, ownership percentage held by noncontrolling interest holders 49.00%          
[1] In connection with the Starz Merger, Starz received demands for appraisal from purported holders of approximately 22.5 million shares of Starz Series A common stock, and the Company recorded a dissenting shareholders' liability at the time of acquisition for the value of the original merger consideration attributable to the dissenting shareholders. As of March 31, 2018, the Company had not paid the merger consideration for the shares that had demanded appraisal but had recorded a liability of $869.3 million that was included in current dissenting shareholders' liability on the consolidated balance sheet for the estimated value of the merger consideration that would have been payable for such shares, plus interest accrued at the Federal Reserve discount rate plus 5%, compounded quarterly. In November 2018 a settlement agreement was reached and the dissenting shareholders' liability was paid. See Note 17 for further information.