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Capital Stock (Tables)

6 Months Ended

12 Months Ended

Sep. 30, 2024

Mar. 31, 2024

Schedule of Share-Based Compensation Expense

The Company recognized the following share-based compensation expense during the three and six months ended September 30, 2024 and 2023:

		Three Months Ended September 30,								Six Months Ended September 30,
		2024				2023				2024				2023
		(Amounts in millions)
Compensation Expense:
Stock options		$	0.2			$	0.5			$	0.4			$	0.9
Restricted share units and other share-based compensation			8.2				12.9				16.3				20.3
Share appreciation rights			0.2				0.1				0.3				0.2
Total Lionsgate Studios employee share-based compensation expense			8.6				13.5				17.0				21.4
Corporate allocation of share-based compensation			6.7				3.9				10.9				7.6
			15.3				17.4				27.9				29.0
Impact of accelerated vesting on equity awards(1)			4.6				—				4.6				0.5
Total share-based compensation expense		$	19.9			$	17.4			$	32.5			$	29.5

(1) Represents the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements prior to the Separation.

Share-based compensation expense, by expense category, consisted of the following:

		Three Months Ended September 30,								Six Months Ended September 30,
		2024				2023				2024				2023
		(Amounts in millions)
Share-Based Compensation Expense:
General and administration		$	15.3			$	17.4			$	27.9			$	29.0
Restructuring and other			4.6				—				4.6				0.5
		$	19.9			$	17.4			$	32.5			$	29.5

The Company recognized the following share-based compensation expense during the years ended March 31, 2024, 2023 and 2022:

		Year Ended March 31,
		2024				2023				2022
		(Amounts in millions)
Compensation Expense:
Stock options		$	1.7			$	2.3			$	9.6
Restricted share units and other share-based compensation			37.7				39.3				38.6
Share appreciation rights			0.4				0.9				2.4
Total Studio employee share-based compensation expense			39.8				42.5				50.6
Corporate allocation of share-based compensation			15.0				26.7				19.6
			54.8				69.2				70.2
Impact of accelerated vesting on equity awards(1)			7.7				4.2				—
Total share-based compensation expense			62.5				73.4				70.2
Tax impact(2)			(15.1	)			(17.8	)			(16.7	)
Reduction in net income		$	47.4			$	55.6			$	53.5

(1) Represents the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements.

(2) Represents the income tax benefit recognized in the statements of operations for share-based compensation arrangements prior to the effects of changes in the valuation allowance.

Schedule of Stock Option, SARs, Restricted Stock and Restricted Share Unit Activity

The following table sets forth the stock option, share appreciation rights (“SARs”), restricted stock and restricted share unit activity at Lionsgate for grants related directly to the Company employees and Lionsgate corporate and shared service employees during the six months ended September 30, 2024:

		Stock Options and SARs																Restricted Stock and Restricted Share Units
		Lions Gate Class A Voting Shares								Lions Gate Class B Non-Voting Shares								Lions Gate Class A Voting Shares								Lions Gate Class B Non-Voting Shares
		Number of Shares				Weighted- Average Exercise Price				Number of Shares				Weighted- Average Exercise Price				Number of Shares				Weighted- Average Grant- Date Fair Value				Number of Shares				Weighted- Average Grant-Date Fair Value
		(Number of shares in millions)
Outstanding at March 31, 2024			2.4			$	22.96				17.1			$	13.92				0.1			$	9.27				9.8			$	8.93
Granted			—				—				—				—				—				—				7.8			$	7.99
Options exercised or restricted stock or RSUs vested			—				—				—	(1)		$	7.13				—	(1)		$	11.45				(5.7	)		$	8.79
Forfeited or expired			(0.1	)		$	20.26				(2.1	)		$	14.86				—				—				(0.2	)		$	9.35
Outstanding at September 30, 2024			2.3			$	23.10				15.0			$	13.80				0.1			$	8.98				11.7			$	8.21

(1) Represents less than 0.1 million shares.

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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