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Goodwill and Intangible Assets
 12 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
Goodwill by reportable segment for each period is as follows:
Starz Networks
Balance as of March 31, 2023$494.0 
Impairments(1)
(494.0)
Balance as of March 31, 2025 and 2024— 
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(1)See Note 1, Goodwill Impairment Assessments, to our audited combined financial statements for further information on the goodwill impairments recorded in fiscal 2024 and 2023 related to Starz Networks. See Note 2, Discontinued Operations, to our audited combined financial statements for additional goodwill impairment charges related to discontinued operations. As of March 31, 2025 and 2024, accumulated goodwill impairment losses totaled $1,755.7 million, related to the Networks reporting unit.
Intangible Assets
Finite-Lived Intangible Assets. Finite-lived intangible assets consisted of the following:
March 31, 2025March 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
 (Amounts in millions)
Finite-lived intangible assets:
Customer relationships(1)
$1,821.0 $1,073.0 $748.0 $1,821.0 $930.9 $890.1 
Trademarks and tradenames(2)
80.0 12.0 68.0 80.0 4.0 76.0 
$1,901.0 $1,085.0 $816.0 $1,901.0 $934.9 $966.1 
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(1)Customer relationships represent the Starz Business affiliation agreements with distributors.
(2)Amounts as of March 31, 2025 and 2024 include the Starz trademarks and tradenames previously accounted for as indefinite-lived intangible assets, see below and Note 1, Indefinite-Lived Intangibles Other Than Goodwill Impairment Assessment, to our audited combined financial statements for further information.
Amortization expense associated with the Starz Business's intangible assets for the fiscal years ended March 31, 2025, 2024 and 2023 was approximately $150.1 million, $137.0 million and $134.5 million, respectively. Amortization expense remaining relating to intangible assets for each of the fiscal years ending March 31, 2026 through 2030 is estimated to be approximately $128.9 million, $117.6 million, $112.2 million, $106.6 million, and $100.5 million, respectively.
Indefinite-Lived Intangible Assets. As of March 31, 2023, our indefinite-lived intangible assets consisted of trademarks and tradenames representing the estimated fair value of the Starz brand name determined in connection with Old Lionsgate's acquisition of the Starz Business as of December 8, 2016, amounting to $250.0 million. See Note 1, Indefinite-Lived Intangibles Other Than Goodwill Impairment Assessment, to our audited combined financial statements for further information on the trademarks and tradenames impairment charge of $170.0 million recorded in the second quarter of fiscal 2024, and the reassessment of the estimated useful life of the trademarks and tradenames with a remaining carrying value of $80.0 million. Beginning October 1, 2023, the trademarks and tradenames are being accounted for as finite-lived intangible assets and amortized over their estimated remaining useful life. As of March 31, 2025 and 2024, the Starz Business did not have any indefinite-lived intangible assets.