XML 26 R11.htm IDEA: XBRL DOCUMENT
v3.22.1

Investment in Films and Television Programs and Licensed Program Rights | 12 Months Ended
--- | ---
Mar. 31, 2022
Investment in Films and Television Programs and Licensed 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:
| March 31, 2022 |  | March 31, 2021
| (Amounts in millions)
Investment in Films and Television Programs: |  |  |
Individual Monetization(1) |  |  |
Released, net of accumulated amortization | $ | 557.5 |  |  | $ | 414.7 |
Completed and not released | 121.4 |  |  | 60.3 |
In progress | 574.9 |  |  | 418.7 |
In development | 102.7 |  |  | 92.9 |
| 1,356.5 |  |  | 986.6 |
Film Group Monetization |  |  |
Released, net of accumulated amortization | $ | 469.5 |  |  | 200.4 |
Completed and not released | 253.2 |  |  | — |
In progress | 427.6 |  |  | 497.1 |
In development | 11.4 |  |  | 28.2 |
| 1,161.7 |  |  | 725.7 |
Licensed program rights, net of accumulated amortization | $ | 495.4 |  |  | 510.4 |
Investment in films and television programs and program rights, net | $ | 3,013.6 |  |  | $ | 2,222.7 |
________________________ (1)At March 31, 2022, the unamortized balance related to completed and not released and in progress theatrical films was $500.8 million. At March 31, 2022, acquired film and television libraries have remaining unamortized costs of $149.9 million, which are monetized individually and are being amortized using the individual-film-forecast method over a remaining period of approximately 19.2 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 fiscal years ended March 31, 2022 and 2021, and was included in direct operating expense in the consolidated statement of operations:
| Year Ended
| March 31,
| 2022 |  | 2021
Amortization expense: |  |  |
Individual monetization | $ | 887.3 |  |  | $ | 539.3 |
Film group monetization | 303.0 |  |  | 229.0 |
Licensed program rights | 377.4 |  |  | 421.5 |
| $ | 1,567.7 |  |  | $ | 1,189.8 |
Amortization of investment in film and television programs and licensed program rights for the fiscal year ended March 31, 2020 was $1,706.7 million. The table below summarizes estimated future amortization expense for the Company's investment in film and television programs and licensed program rights as of March 31, 2022:
| Year Ending
| March 31,
| 2023 |  | 2024 |  | 2025
| (Amounts in millions)
Estimated future amortization expense: |  |  |  |  |
Released investment in films and television programs: |  |  |  |  |
Individual monetization | $ | 196.0 |  |  | $ | 91.2 |  |  | $ | 72.2 |
Film group monetization | $ | 145.8 |  |  | $ | 91.1 |  |  | $ | 64.8 |
Licensed program rights | $ | 256.7 |  |  | $ | 111.4 |  |  | $ | 64.8 |
Completed and not released investment in films and television programs: |  |  |  |  |
Individual monetization | $ | 90.9 |  |  | n/a |  | n/a
Film group monetization | $ | 133.5 |  |  | n/a |  | n/a
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 consolidated statements of operations, and represented the following amounts by segment for the fiscal years ended March 31, 2022, 2021 and 2020:
| Year Ended
| March 31,
| 2022 |  | 2021 |  | 2020
| (Amounts in millions)
Impairments by segment: |  |  |  |  |
Motion Picture | $ | 1.2 |  |  | $ | 19.4 |  |  | $ | 42.1 |
Television Production | 34.9 |  |  | 10.3 |  |  | 1.8 |
Impairments not included in segment operating results(1) | 36.9 |  |  | 15.4 |  |  | 91.6 |
| $ | 73.0 |  |  | $ | 45.1 |  |  | $ | 135.5 |
________________________ (1)Fiscal 2022: Represents impairment charges recorded as a result of a strategic review of original programming on the STARZ platform, which identified certain titles with limited viewership or strategic purpose which were removed from the STARZ service and abandoned by the Media Networks segment. Fiscal 2021: Represents impairment charges as a result of changes in performance expectations associated with the circumstances associated with the COVID-19 global pandemic. Fiscal 2020: Represents certain programming and content impairment charges of $76.5 million recorded as a result of changes to the Company's programming and broadcasting strategy in connection with changes in certain management at Starz Networks and impairment charges of $15.1 million due to changes in performance expectations resulting from circumstances associated with the COVID-19 global pandemic. Of the impairments not included in segment operating results, none, $15.4 million and $13.1 million for fiscal 2022, 2021 and 2020, respectively, related to motion picture titles. See Note 15 and Note 16 for programming and content charges and COVID-19 related charges included in direct operating expense.

X
- Definition Investment in Films and Television Programs and Licensed Program Rights + References No definition available. + Details
Name: | lgfa_InvestmentInFilmsAndTelevisionProgramsAndLicensedProgramRightsAbstract
Namespace Prefix: | lgfa_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for entities in the entertainment industry. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 922 -URI http://asc.fasb.org/topic&trid=2127477 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 928 -URI http://asc.fasb.org/topic&trid=2123672 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 920 -URI http://asc.fasb.org/topic&trid=2123033 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 920 -SubTopic 440 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6472701&loc=d3e49107-107924 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 926 -URI http://asc.fasb.org/topic&trid=2123363 + Details
Name: | us-gaap_EntertainmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration