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Capital Stock (Tables)

3 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Shares of Common Stock Reserved for Future Issuance

The table below outlines common shares reserved for future issuance:

			June 30, 2025
			(Amounts in millions)
Stock options and share appreciation rights (SARs) outstanding			0.8
Restricted share units and other share-based compensation — unvested			2.5
Common shares available for future issuance			3.0
Shares reserved for future issuance			6.3

Schedule of Share-Based Compensation Expense

The Company recognized the following share-based compensation expense:

			Three Months Ended
			June 30,
			2025						2024
			(Amounts in millions)
Compensation Expense:
Restricted share units and other share-based compensation			$	5.2					$	4.5
Corporate allocation of share-based compensation			—						0.7
			5.2						5.2
Impact of modification for change to cash payment(1)			2.2						—
Total share-based compensation expense			$	7.4					$	5.2

_____________________

(1)This balance reflects a one-time modification of equity awards in connection with the Separation. In June 2025, the Compensation Committee of the Company's Board of Directors approved a cash payment in lieu of share issuance for the restricted share units vesting during the quarter ending September 30, 2025. Refer to Note 17, Subsequent Events, for further detail regarding the modification.

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

			Three Months Ended
			June 30,
			2025						2024
			(Amounts in millions)
Share-Based Compensation Expense:
Other operating expense			$	0.9					$	0.8
General and administration			4.3						4.4
Restructuring and other			2.2						—
			$	7.4					$	5.2

Schedule of Stock Options and SARs

The following tables present Starz’s capital stock (including stock option and share appreciation rights, "SARs", and restricted share units, "RSUs") before and after the Separation and related conversion during the quarter ended June 30, 2025. Each outstanding stock award and strike price was exchanged at Separation date using a ratio as determined under the employee matters agreement.

Stock awards prior to Separation date of May 6, 2025:

			Stock Options and SARs																								Restricted Share Units
			Class A Common Shares						Weighted-Average Exercise Price						Class B Common Shares						Weighted-Average Exercise Price						Number of Shares						Weighted-Average Grant Date Fair Value
			(Amounts in millions, except for shares and weighted-average exercise price)
Outstanding at March 31, 2025			593						$	7.70					1,151,938						$	13.66					3,125,047						$	8.15
Granted																											7,813						8.01
Exercised
Forfeited or expired																											(27,970)						8.07
Outstanding at May 6, 2025			593						$7.70						1,151,938						$	13.66					3,104,890						$	8.15
Stock awards after exchange post-Separation:
			Starz Stock Options and SARs																								Restricted Share Units
			Number of Shares						Weighted-Average Exercise Price						Intrinsic Value						Remaining Term						Number of Shares						Weighted-Average Grant Date Fair Value						Remaining Term
			(Amounts in millions, except for shares and weighted-average exercise price and years)
Shares issued on May 6, 2025			696,187						$	17.73																	1,939,316						$	8.15
Shares issued to Dual Director Grants on May 6, 2025																											32,081						7.98
Granted			143,265						11.20																		—
Forfeited - Time RSUs																											(42,494)						8.03
Cancelled - Performance RSUs																											(18,887)						8.00
Forfeited - Performance RSUs																											(72,623)						8.10
Outstanding at June 30, 2025			839,452						$	16.62					$	1.6					4.8						1,837,393						$	8.15					1.0
Exercisable at June 30, 2025			696,187						$	17.73					$	0.9					3.8

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Schedule of Shares of Common Stock Reserved for Future Issuance

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Tabular disclosure of share-based payment arrangement.

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-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

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