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Investment In Films and Television Programs and Program Rights
 12 Months Ended
Mar. 31, 2020
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
 
 
March 31,
2020
 
March 31,
2019
 
(Amounts in millions)
Motion Picture Segment - Theatrical and Non-Theatrical Films
 
 
 
Released, net of accumulated amortization
$
329.5

 
$
376.7

Acquired libraries, net of accumulated amortization
0.5

 
1.8

Completed and not released
53.9

 
80.6

In progress
96.9

 
250.4

In development
44.4

 
45.0

 
525.2

 
754.5

Television Production Segment - Direct-to-Television Programs
 
 
 
Released, net of accumulated amortization
220.7

 
186.1

In progress
271.6

 
295.6

In development
20.3

 
17.6

 
512.6

 
499.3

Media Networks Segment
 
 
 
Released program rights, net of accumulated amortization
678.7

 
591.0

In progress
93.7

 
106.8

In development
31.0

 
56.2

 
803.4

 
754.0

 
 
 
 
Intersegment eliminations
(13.4
)
 
(40.1
)
 
 
 
 
Investment in films and television programs and program rights, net
1,827.8

 
1,967.7

Less current portion of program rights
(310.5
)
 
(295.7
)
Non-current portion
$
1,517.3

 
$
1,672.0


Investment in films and television programs and program rights includes write-downs to fair value or net realizable value of $135.5 million, $66.0 million and $36.3 million in the years ended March 31, 2020, 2019, and 2018, respectively, which are included in direct operating expense on the consolidated statements of operations, and of which $55.2 million, $27.2 million and $33.6 million, respectively, related to motion pictures. These charges include certain programming and content charges in fiscal 2020 and fiscal 2019, and COVID-19 related costs in fiscal 2020, which are excluded from segment operating results (see Note 16 and Note 17).
The Company expects approximately 46.7% of completed films and television programs, excluding licensed program rights, will be amortized during the one-year period ending March 31, 2021. Additionally, the Company expects approximately 85.9% 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, 2023.