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Investment In Films and Television Programs and Program Rights
 6 Months Ended
Sep. 30, 2019
Investment In Films And Television Programs and Program Rights [Abstract]  
Investment In Films and Television Programs and Program Rights Investment in Films and Television Programs and Program Rights
 
September 30,
2019
 
March 31,
2019
 
(Amounts in millions)
Motion Picture Segment - Theatrical and Non-Theatrical Films
 
 
 
Released, net of accumulated amortization
$
383.5

 
$
376.7

Acquired libraries, net of accumulated amortization
1.6

 
1.8

Completed and not released
46.7

 
80.6

In progress
170.8

 
250.4

In development
49.6

 
45.0

 
652.2

 
754.5

Television Production Segment - Direct-to-Television Programs
 
 
 
Released, net of accumulated amortization
182.2

 
186.1

In progress
265.0

 
295.6

In development
14.6

 
17.6

 
461.8

 
499.3

Media Networks Segment
 
 
 
Released program rights, net of accumulated amortization
663.3

 
591.0

In progress
20.6

 
106.8

In development
40.6

 
56.2

 
724.5

 
754.0

 
 
 
 
Intersegment eliminations
(21.5
)
 
(40.1
)
 
 
 
 
Investment in films and television programs and program rights, net
1,817.0

 
1,967.7

Less current portion of program rights
(281.3
)
 
(295.7
)
Non-current portion
$
1,535.7

 
$
1,672.0


During the three and six months ended September 30, 2019 and 2018, the Company performed fair value measurements related to films having indicators of impairment. In determining the fair value of its films, the Company employs a DCF methodology that includes cash flow estimates of a film’s ultimate revenue and costs as well as a discount rate. The discount rate utilized in the DCF analysis is based on the Company’s weighted average cost of capital plus a risk premium representing the risk associated with producing a particular film. As the primary determination of fair value is determined using a DCF model, the resulting fair value is considered a Level 3 measurement (see Note 8). During the three and six months ended September 30, 2019, the Company recorded $0.1 million and $1.6 million, respectively, of fair value film write-downs (2018 - $2.5 million and $7.0 million, respectively).