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Segment Information (Tables)

3 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Segment information is presented in the table below:

			Three Months Ended
			June 30,
			2025						2024
			Starz Networks						Starz Networks						International						Total
			(Amounts in millions)
Revenue
OTT revenue			$	221.1					$	232.1					$	2.3					$	234.4
Linear and other revenue			98.6						113.2						—						113.2
Total revenue			319.7						345.3						2.3						347.6
Operating expenses:
Programming amortization			162.5						146.1						1.8						147.9
Payroll expense(1)			29.7						28.2						0.5						28.7
Advertising and marketing			63.4						82.4						0.3						82.7
Other(2)			35.9						36.6						0.6						37.2
Depreciation and amortization			48.7						41.6						—						41.6
Restructuring and other			6.4						(0.6)						—						(0.6)
Total expenses			346.6						334.3						3.2						337.5
Operating (loss) income			(26.9)						11.0						(0.9)						10.1
Interest expense			(13.2)						(10.8)						—						(10.8)
Interest and other income			—						0.8						—						0.8
Other expense			(2.5)						(1.7)						—						(1.7)
Loss on extinguishment of debt			—						(4.9)						—						(4.9)
Loss from continuing operations before income taxes			(42.6)						(5.6)						(0.9)						(6.5)
Income tax benefit			0.1						7.7						(0.1)						7.6
Net (loss) income from continuing operations			$	(42.5)					$	2.1					$	(1.0)					$	1.1

______________________________________

(1)    Payroll expense by segment, which includes salaries and employee benefits, is reviewed by the CODM on a quarterly basis.

(2)     Includes total other operating and general and administrative expenses per the accompanying statements of operations, less payroll expense per note (1).

Reconciliation of Assets from Segment to Consolidated

The reconciliation of total segment assets to the Company’s total consolidated assets is as follows:

			June 30, 2025						March 31, 2025
			(Amounts in millions)
Assets
Starz Networks			$	1,971.1					$	2,017.8
International			—						6.5
Other unallocated assets(1)			120.5						148.9
			$	2,091.6					$	2,173.2

_____________________

(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:

			June 30, 2025						March 31, 2025
			(Amounts in millions)
Long-lived assets(1)
United States			$	1,189.5					$	1,180.5

_____________

(1)Long-lived assets represents programming content, net, property and equipment, net, and right-of-use assets.

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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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.

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