Related Party Transactions

12 Months Ended

Mar. 31, 2021

In the year ended March 31, 2021, the Company paid less than $0.1 million to MLC Strategies, LLC (“MLC Strategies”) for certain consulting services (2020 - $0.1 million). Ms. Clyburn, a director of the Company, is the President of MLC Strategies.

In the years ended March 31, 2020 and 2019, we incurred expenses on behalf of Mark H. Rachesky, the Chairman of the Board of the Company and principal of MHR Fund Management, for reimbursement of certain litigation costs of less than $0.1 million and $0.8 million, respectively, which are included in restructuring and other in the consolidated statements of operations (2021 - none). MHR Fund Management holds approximately 23% of the Company’s outstanding Class A voting shares and 11% of the Company's outstanding Class B non-voting common stock as of May 24, 2021.

In the years ended March 31, 2020 and 2019, we incurred expenses on behalf of John C. Malone, a former director of the Company, for reimbursement of certain litigation costs of approximately $1.6 million and $2.4 million, respectively, which are included in restructuring and other in the consolidated statements of operations.

Transactions with Equity Method Investees

In the ordinary course of business, we are involved in related party transactions with equity method investees. These related party transactions primarily relate to the licensing and distribution of the Company's films and television programs, for which the impact on the Company's consolidated balance sheets and consolidated statements of operations is as follows (see Note 1 and Note 5):


	March 31,
	2021		2020
	(Amounts in millions)
Consolidated Balance Sheets
Accounts receivable	$	9.4	$	5.9
Other assets, noncurrent(1)	2.4		3.3
Total due from related parties	$	11.8	$	9.2

Accounts payable and accrued liabilities(2)	$	15.4	$	14.7
Participations and residuals, current	7.6		12.3
Participations and residuals, noncurrent	1.2		1.4


Total due to related parties	$	24.2	$	28.4

	Year Ended March 31,
	2021		2020		2019
	(Amounts in millions)
Consolidated Statements of Operations
Revenues	$	7.2	$	4.6	$	4.7
Direct operating expense	$	10.8	$	13.8	$	32.2
Distribution and marketing expense	$	0.2	$	—	$	3.0
General and administrative expense(3)	$	—	$	(1.1)	$	0.7
Interest and other income	$	2.9	$	1.7	$	0.4

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(1)During the years ended March 31, 2021, 2020 and 2019, the Company made loans (including accrued interest) of $2.9 million, $12.5 million and $20.7 million, respectively, to certain of its equity method investees, of which no amounts, $3.3 million and $7.3 million, respectively, are included in other assets, noncurrent in the Company's consolidated balance sheets (net of equity interests losses applied against such loans), and included in the table above.

(2)Amounts primarily represent production related advances due to certain of its equity method investees.

(3)Amounts primarily represent reimbursement for certain shared services for equity method investees.

In addition, as of March 31, 2021, the Company has entered into certain leases that have not yet commenced related to a studio facility owned by an equity-method investee, for which construction has not yet been completed. See Note 8 for further information.