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Investment In Films and Television Programs and Licensed Program Rights
3 Months Ended
Jun. 30, 2021
Investment In Films And Television Programs and Program Rights [Abstract]  
Investment In Films and Television Programs and Licensed Program Rights Investment in Films and Television Programs and Licensed Program Rights
Total investment in films and television programs and licensed program rights by predominant monetization strategy is as follows:
June 30,
2021
March 31,
2021
 (Amounts in millions)
Investment in Films and Television Programs:
Individual Monetization
Released, net of accumulated amortization$428.1 $414.7 
Completed and not released28.4 60.3 
In progress539.1 418.7 
In development92.3 92.9 
1,087.9 986.6 
Film Group Monetization
Released, net of accumulated amortization289.6 200.4 
Completed and not released— — 
In progress580.6 497.1 
In development18.0 28.2 
888.2 725.7 
Licensed program rights, net of accumulated amortization453.1 510.4 
Investment in films and television programs and licensed program rights, net$2,429.2 $2,222.7 

At June 30, 2021, acquired film and television libraries have remaining unamortized costs of $16.0 million, which are monetized individually and are being amortized using the individual-film-forecast method over a remaining period of approximately 19.25 years.

Amortization of investment in film and television programs and licensed program rights by predominant monetization strategy is as follows for the three months ended June 30, 2021 and 2020, and was included in direct operating expense in the unaudited condensed consolidated statements of operations:
Three Months Ended
June 30,
20212020
 (Amounts in millions)
Amortization expense:
Individual monetization$235.8 $122.5 
Film group monetization32.1 48.2 
Licensed program rights103.2 110.5 
$371.1 $281.2 

Impairments. Investment in films and television programs and licensed program rights includes write-downs to fair value, which are included in direct operating expense on the unaudited condensed consolidated statements of operations, and represented the following amounts by segment for the three months ended June 30, 2021 and 2020:
Three Months Ended
June 30,
20212020
 (Amounts in millions)
Impairments by segment:
Motion Picture$— $0.6 
Television Production25.0 — 
$25.0 $0.6