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

9 Months Ended

Dec. 31, 2023

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:


	December 31, 2023		March 31, 2023
	(Amounts in millions)
Investment in Films and Television Programs:
Individual Monetization
Released, net of accumulated amortization	$	804.9	$	611.7
Completed and not released	296.1		278.7
In progress	467.6		457.0
In development	61.3		64.1
	1,629.9		1,411.5
Film Group Monetization
Released, net of accumulated amortization	562.1		657.8
Completed and not released	272.7		281.7
In progress	111.3		303.0
In development	9.1		8.2
	955.2		1,250.7
Licensed program rights, net of accumulated amortization	187.6		285.7
Investment in films and television programs and licensed program rights, net	$	2,772.7	$	2,947.9

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


	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2023		2022		2023		2022
	(Amounts in millions)
Amortization expense:
Individual monetization	$	214.2	$	207.9	$	618.6	$	711.1
Film group monetization	66.8		82.8		276.7		227.7
Licensed program rights	90.2		94.4		243.4		345.6
	$	371.2	$	385.1	$	1,138.7	$	1,284.4

Impairments By Segment

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 nine months ended December 31, 2023 and 2022:


	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2023		2022		2023		2022
	(Amounts in millions)
Impairments by segment:
Included in direct operating expense:
Motion Picture	$	0.5	$	0.6	$	27.5	$	1.1
Television Production	1.2		—		6.6		4.7

Impairments not included in segment operating results(1):
Included in restructuring and other	77.8		80.8		317.4		293.8
	$	79.5	$	81.4	$	351.5	$	299.6

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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.