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Investment In Films and Television Programs and Licensed Program Rights
6 Months Ended
Sep. 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:
September 30,
2021
March 31,
2021
 (Amounts in millions)
Investment in Films and Television Programs:
Individual Monetization
Released, net of accumulated amortization$516.5 $414.7 
Completed and not released24.0 60.3 
In progress743.1 418.7 
In development97.8 92.9 
1,381.4 986.6 
Film Group Monetization
Released, net of accumulated amortization403.5 200.4 
Completed and not released— — 
In progress581.1 497.1 
In development22.9 28.2 
1,007.5 725.7 
Licensed program rights, net of accumulated amortization399.2 510.4 
Investment in films and television programs and licensed program rights, net$2,788.1 $2,222.7 


At September 30, 2021, acquired film and television libraries have remaining unamortized costs of $157.5 million, which are monetized individually and are being amortized using the individual-film-forecast method over a remaining period of approximately 19.7 years (March 31, 2021 - unamortized costs of $18.3 million).

Amortization of investment in film and television programs and licensed program rights by predominant monetization strategy is as follows for the three and six months ended September 30, 2021 and 2020, and was included in direct operating expense in the unaudited condensed consolidated statements of operations:
Three Months EndedSix Months Ended
September 30,September 30,
2021202020212020
 (Amounts in millions)
Amortization expense:
Individual monetization$183.7 $106.3 $419.5 $228.8 
Film group monetization88.6 66.4 120.7 114.6 
Licensed program rights86.7 77.5 189.9 188.0 
$359.0 $250.2 $730.1 $531.4 

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 and six months ended September 30, 2021 and 2020:
Three Months EndedSix Months Ended
September 30,September 30,
2021202020212020
 (Amounts in millions)
Impairments by segment:
Motion Picture$0.1 $0.3 $0.1 $0.9 
Television Production1.6 2.8 26.6 2.8 
Impairments not included in segment operating results(1)
— 15.4 — 15.4 
$1.7 $18.5 $26.7 $19.1 
________________________
(1)Impairments not included in segment operating results in the three and six months ended September 30, 2020 represent a charge due to changes in performance expectations resulting from circumstances associated with the COVID-19 global pandemic.