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

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

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 released	176.2		121.4
In progress	705.8		574.9
In development	72.8		102.7
	1,442.3		1,356.5
Film Group Monetization
Released, net of accumulated amortization	571.5		469.5
Completed and not released	249.7		253.2
In progress	287.3		427.6
In development	10.6		11.4
	1,119.1		1,161.7
Licensed program rights, net of accumulated amortization	424.7		495.4
Investment in films and television programs and licensed program rights, net	$	2,986.1	$	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 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 Ended				Six Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	(Amounts in millions)
Amortization expense:
Individual monetization	$	235.4	$	183.7	$	503.2	$	419.5
Film group monetization	92.4		88.6		144.9		120.7
Licensed program rights	99.6		86.7		251.2		189.9
	$	427.4	$	359.0	$	899.3	$	730.1

Impairments By Segment

The following table sets forth impairments by segment for the three and six months ended September 30, 2022 and 2021:


	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	(Amounts in millions)
Impairments by segment:
Motion Picture	$	—	$	0.1	$	0.5	$	0.1
Television Production	3.5		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.