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Investment In Films and Television Programs and Licensed Program Rights
3 Months Ended
Jun. 30, 2023
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:                
June 30,
2023
March 31,
2023
 (Amounts in millions)
Investment in Films and Television Programs:
Individual Monetization
Released, net of accumulated amortization$586.6 $611.7 
Completed and not released230.3 278.7 
In progress578.6 457.0 
In development69.9 64.1 
1,465.4 1,411.5 
Film Group Monetization
Released, net of accumulated amortization601.5 657.8 
Completed and not released322.3 281.7 
In progress289.2 303.0 
In development10.3 8.2 
1,223.3 1,250.7 
Licensed program rights, net of accumulated amortization319.4 285.7 
Investment in films and television programs and licensed program rights, net$3,008.1 $2,947.9 


At June 30, 2023, acquired film and television libraries have remaining unamortized costs of $129.2 million, which are monetized individually and are being amortized using the individual-film-forecast method over a remaining period of approximately 17.9 years (March 31, 2023 - unamortized costs of $132.8 million).

Amortization of investment in film and television programs and licensed program rights by predominant monetization strategy is as follows, and was included in direct operating expense in the unaudited condensed consolidated statements of operations:
Three Months Ended
June 30,
20232022
 (Amounts in millions)
Amortization expense:
Individual monetization$181.1 $267.9 
Film group monetization111.2 52.5 
Licensed program rights67.6 151.6 
$359.9 $472.0 
Impairments. Investment in films and television programs and licensed program rights includes write-downs to fair value. The following table sets forth impairments by segment and the line item in our unaudited condensed consolidated statement of operations they are recorded in for the three months ended June 30, 2023 and 2022:
Three Months Ended
June 30,
20232022
 (Amounts in millions)
Impairments by segment:
Included in direct operating expense:
Motion Picture$0.2 $0.5 
Television Production— 1.2 
Impairments not included in segment operating results(1):
Included in restructuring and other28.0 — 
$28.2 $1.7 
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(1)Represents charges related to the Media Networks restructuring plan initiatives, including content impairment of programming in certain international territories exited. See Note 12 for further information.