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Investment In Films and Television Programs and Licensed Program Rights
 9 Months Ended
Dec. 31, 2024
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:                
December 31,
2024		March 31,
2024
 (Amounts in millions)
Investment in Films and Television Programs:
Individual Monetization
Released, net of accumulated amortization$899.5 $878.3 
Completed and not released201.3 225.4 
In progress794.7 469.2 
In development107.6 65.7 
2,003.1 1,638.6 
Film Group Monetization
Released, net of accumulated amortization459.4 497.1 
Completed and not released274.9 170.1 
In progress337.0 179.0 
In development11.4 4.3 
1,082.7 850.5 
Licensed program rights, net of accumulated amortization290.5 273.1 
Investment in films and television programs and licensed program rights, net$3,376.3 $2,762.2 


At December 31, 2024, acquired film and television libraries have remaining unamortized costs of $245.0 million, which are monetized individually and are being amortized on a straight-line basis or the individual-film-forecast method over a weighted-average remaining period of approximately 13.5 years (March 31, 2024 - unamortized costs of $223.1 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 EndedNine Months Ended
December 31,December 31,
2024202320242023
 (Amounts in millions)
Amortization expense:
Individual monetization$286.0 $214.2 $797.6 $618.6 
Film group monetization56.5 66.8 212.5 276.7 
Licensed program rights89.2 90.2 195.8 243.4 
$431.7 $371.2 $1,205.9 $1,138.7 
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 nine months ended December 31, 2024 and 2023:
Three Months EndedNine Months Ended
December 31,December 31,
2024202320242023
 (Amounts in millions)
Impairments by segment:
Included in direct operating expense(1):
Motion Picture$0.2 $0.5 $18.8 $27.5 
Television Production0.4 1.2 0.4 6.6 
Impairments not included in segment operating results(2):
Included in restructuring and other0.9 77.8 (1.9)317.4 
$1.5 $79.5 $17.3 $351.5 
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(1)Impairments included in direct operating expense are included in the amortization expense amounts reflected in the table above which presents amortization of investment in film and television programs and licensed program rights by predominant monetization strategy.
(2)Represents charges (net recoveries) primarily related to the Media Networks restructuring plan initiatives. In addition, amounts in the three and nine months ended December 31, 2024 also include content impairments of $7.3 million related to the Motion Picture and Television Production segments associated with exiting local production in certain international territories. See Note 14 for further information.