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Investment In Films and Television Programs and Licensed Program Rights
6 Months Ended
Sep. 30, 2022
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,
2022
March 31,
2022
 (Amounts in millions)
Investment in Films and Television Programs:
Individual Monetization
Released, net of accumulated amortization$487.5 $557.5 
Completed and not released176.2 121.4 
In progress705.8 574.9 
In development72.8 102.7 
1,442.3 1,356.5 
Film Group Monetization
Released, net of accumulated amortization571.5 469.5 
Completed and not released249.7 253.2 
In progress287.3 427.6 
In development10.6 11.4 
1,119.1 1,161.7 
Licensed program rights, net of accumulated amortization424.7 495.4 
Investment in films and television programs and licensed program rights, net$2,986.1 $3,013.6 


At September 30, 2022, acquired film and television libraries have remaining unamortized costs of $141.9 million, which are monetized individually and are being amortized using the individual-film-forecast method over a remaining period of approximately 18.7 years (March 31, 2022 - unamortized costs of $149.9 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, 2022 and 2021, and was included in direct operating expense in the unaudited condensed consolidated statements of operations:
Three Months EndedSix Months Ended
September 30,September 30,
2022202120222021
 (Amounts in millions)
Amortization expense:
Individual monetization$235.4 $183.7 $503.2 $419.5 
Film group monetization92.4 88.6 144.9 120.7 
Licensed program rights99.6 86.7 251.2 189.9 
$427.4 $359.0 $899.3 $730.1 

Impairments. Investment in films and television programs and licensed program rights includes write-downs to fair value, which are generally included in direct operating expense on the unaudited condensed consolidated statements of operations. In addition, due to the restructuring of the international operations of Starz as discussed in Note 14, for the quarter ended September 30, 2022, the Company incurred certain content impairments of its film group assets in certain international territories which are reflected in restructuring and other on the unaudited condensed consolidated statements of operations. The following table sets forth impairments by segment for the three and six months ended September 30, 2022 and 2021:
Three Months EndedSix Months Ended
September 30,September 30,
2022202120222021
 (Amounts in millions)
Impairments by segment:
Motion Picture$— $0.1 $0.5 $0.1 
Television Production3.5 1.6 4.7 26.6 
Impairments not included in segment operating results(1)
213.0 — 213.0 — 
$216.5 $1.7 $218.2 $26.7 

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(1)Represents charges of $213.0 million for content impairment of the Company's film group assets in certain international territories related to the Media Networks segment, due to the restructuring of the international operations of Starz, which are included in restructuring and other on the unaudited condensed consolidated statements of operations. See Note 14.