Investment In Films and Television Programs and Licensed Program Rights (Tables)

3 Months Ended

Jun. 30, 2022

Investment In Films And Television Programs and Program Rights [Abstract]

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, 2022		March 31, 2022
	(Amounts in millions)
Investment in Films and Television Programs:
Individual Monetization
Released, net of accumulated amortization	$	568.4	$	557.5
Completed and not released	90.2		121.4
In progress	603.7		574.9
In development	72.9		102.7
	1,335.2		1,356.5
Film Group Monetization
Released, net of accumulated amortization	518.9		469.5
Completed and not released	245.8		253.2
In progress	514.2		427.6
In development	11.5		11.4
	1,290.4		1,161.7
Licensed program rights, net of accumulated amortization	523.2		495.4
Investment in films and television programs and licensed program rights, net	$	3,148.8	$	3,013.6

Amortization of Investment in Films and Television Programs and Licensed Program Rights

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, 2022 and 2021, and was included in direct operating expense in the unaudited condensed consolidated statements of operations:


	Three Months Ended
	June 30,
		2022		2021
		(Amounts in millions)
Amortization expense:
Individual monetization		$	267.9	$	235.8
Film group monetization		52.5		32.1
Licensed program rights		151.6		103.2
		$	472.0	$	371.1

Impairments By Segment

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, 2022 and 2021:


	Three Months Ended
	June 30,
		2022		2021
		(Amounts in millions)
Impairments by segment:
Motion Picture		$	0.5	$	—
Television Production		1.2		25.0


		$	1.7	$	25.0