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Segment Information (Tables) | 12 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Segment information is presented in the table below:
| Year Ended
| March 31,
| 2025 |  | 2024 |  | 2023
| (Amounts in millions)
Segment revenue |  |  |  |  |
Starz Networks | $ | 1,356.3 |  |  | $ | 1,382.7 |  |  | $ | 1,413.1 |
International | 13.3 |  |  | 9.7 |  |  | 9.4 |
Total revenue | 1,369.6 |  |  | 1,392.4 |  |  | 1,422.5 |
Segment amortization of programming content |  |  |  |  |
Starz Networks | 630.7 |  |  | 606.2 |  |  | 638.1 |
International | 8.1 |  |  | 20.3 |  |  | 6.9 |
Total amortization of programming content | 638.8 |  |  | 626.5 |  |  | 645.0 |
Segment marketing and advertising expense |  |  |  |  |
Starz Networks | 288.7 |  |  | 321.8 |  |  | 336.4 |
International | 1.2 |  |  | 1.1 |  |  | 2.6 |
Total marketing and advertising expense | 289.9 |  |  | 322.9 |  |  | 339.0 |
Segment payroll expense |  |  |  |  |
Starz Networks | 113.1 |  |  | 123.2 |  |  | 109.9 |
International | 2.2 |  |  | 1.7 |  |  | 1.7 |
Total payroll expense | 115.3 |  |  | 124.9 |  |  | 111.6 |
Other(1) |  |  |  |  |
Starz Networks | 122.0 |  |  | 154.4 |  |  | 137.4 |
International | 2.1 |  |  | (6.5) |  |  | 4.7 |
Total other expense | 124.1 |  |  | 147.9 |  |  | 142.1 |
Segment profit(2) |  |  |  |  |
Starz Networks | 201.8 |  |  | 177.1 |  |  | 191.3 |
International | (0.3) |  |  | (6.9) |  |  | (6.5) |
Total segment profit | $ | 201.5 |  |  | $ | 170.2 |  |  | $ | 184.8 |
______________________________________ (1) This expense line item encompasses all other costs presented in segment profit that are not separately disclosed in this table, including, but not limited to, other operating expenses, other distribution expenses, and other general and administrative expenses. (2) During the fourth quarter of fiscal 2025, the Company changed the extent of allocations and method of attribution of certain costs to its segments. Accordingly, the following amounts were allocated to Starz Networks in the fiscal years ended March 31, 2024 and March 31, 2023, to conform to the current period presentation: COVID related benefits of $0.1 million and $2.8 million, respectively, and purchase accounting and related adjustments of $0.3 million and $0.5 million, respectively.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The reconciliation of total segment profit to the Company’s loss from continuing operations before income taxes is as follows:
| Year Ended
| March 31,
| 2025 |  | 2024 |  | 2023
| (Amounts in millions)
Segment profit | 201.5 |  |  | 170.2 |  |  | 184.8 |
Depreciation and amortization | (170.3) |  |  | (161.8) |  |  | (155.7) |
Restructuring and other(1) | (184.1) |  |  | (224.8) |  |  | (89.9) |
Goodwill impairment | — |  |  | (663.9) |  |  | (1,261.7) |
Share-based compensation expense(2) | (17.5) |  |  | (23.2) |  |  | (25.7) |
Operating income (loss) | (170.4) |  |  | (903.5) |  |  | (1,348.2) |
Interest expense | (45.6) |  |  | (47.2) |  |  | (58.6) |
Interest and other income | 4.9 |  |  | 3.5 |  |  | 0.6 |
Other expense, net | (7.2) |  |  | (7.5) |  |  | (6.7) |
(Loss) Gain on extinguishment of debt | (5.6) |  |  | 21.2 |  |  | 58.7 |
Income (loss) before income taxes | (223.9) |  |  | (933.5) |  |  | (1,354.2) |
___________________ (1)Restructuring and other includes restructuring and severance costs, certain transaction and other costs, and certain unusual items, when applicable. See Note 13, Restructuring and Other, for further details. (2)Share-based compensation expense in the fiscal years ended March 31, 2025, 2024 and 2023 includes $0.7 million, $5.6 million and $9.7 million, respectively, of corporate allocation of share-based compensation expense, representing the allocation of Old Lionsgate's corporate employee share-based compensation expense. Share-based compensation expense for the fiscal years ended in March 31, 2025 and March 31, 2024 includes $18.0 million and $24.6 million, respectively, in operating expenses but excludes $0.5 million and $1.4 million, respectively, which are included in Restructuring and other expenses and are related to the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements. See Note 11, Share-Based Compensation, to our audited combined financial statements for further details. The reconciliation of total segment assets to the Company’s total combined assets is as follows:
Reconciliation of Assets from Segment to Consolidated |
| March 31, 2025 |  | March 31, 2024
| (Amounts in millions)
Assets |  |  |
Starz Networks | $ | 2,017.8 |  |  | $ | 2,001.8 |
International | 6.5 |  |  | 11.2 |
Other unallocated assets(1) | 148.9 |  |  | 89.1 |
Assets of discontinued operations | — |  |  | 37.0 |
| $ | 2,173.2 |  |  | $ | 2,139.1 |
_____________________ (1)Other unallocated assets primarily consist of cash and other assets.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | Long-lived assets by geographic location are as follows:
| March 31, 2025 |  | March 31, 2024
| (Amounts in millions)
Long-lived assets(1) |  |  |
United States | $ | 1,180.5 |  |  | $ | 1,038.5 |
_____________ (1)Long-lived assets represents programming content, net, property and equipment, net, and other assets.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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