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Investment In Films and Television Programs and Licensed Program Rights
6 Months Ended
Sep. 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:                
September 30,
2023
March 31,
2023
 (Amounts in millions)
Investment in Films and Television Programs:
Individual Monetization
Released, net of accumulated amortization$622.3 $611.7 
Completed and not released413.0 278.7 
In progress254.6 457.0 
In development63.3 64.1 
1,353.2 1,411.5 
Film Group Monetization
Released, net of accumulated amortization531.6 657.8 
Completed and not released302.3 281.7 
In progress179.5 303.0 
In development8.7 8.2 
1,022.1 1,250.7 
Licensed program rights, net of accumulated amortization221.9 285.7 
Investment in films and television programs and licensed program rights, net$2,597.2 $2,947.9 


At September 30, 2023, acquired film and television libraries have remaining unamortized costs of $125.5 million, which are monetized individually and are being amortized using the individual-film-forecast method over a remaining period of approximately 17.7 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 EndedSix Months Ended
September 30,September 30,
2023202220232022
 (Amounts in millions)
Amortization expense:
Individual monetization$223.3 $235.4 $404.4 $503.2 
Film group monetization98.7 92.4 209.9 144.9 
Licensed program rights85.6 99.6 153.2 251.2 
$407.6 $427.4 $767.5 $899.3 
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 and six months ended September 30, 2023 and 2022:
Three Months EndedSix Months Ended
September 30,September 30,
2023202220232022
 (Amounts in millions)
Impairments by segment:
Included in direct operating expense:
Motion Picture$26.8 $— $27.0 $0.5 
Television Production5.4 3.5 5.4 4.7 
Impairments not included in segment operating results(1):
Included in restructuring and other211.6 213.0 239.5 213.0 
$243.8 $216.5 $271.9 $218.2 
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(1)Represents charges related to the Media Networks restructuring plan initiatives, including content impairment of programming removed from its platforms and in certain international territories exited or to be exited. See Note 14 for further information.