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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities:    
Net (loss) income $ (42,500,000) $ 4,200,000
Less: net income from discontinued operations, net of tax 0 3,100,000
Net (loss) income from continuing operations (42,500,000) 1,100,000
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 48,700,000 41,600,000
Programming amortization 162,500,000 149,000,000.0
Amortization of debt financing costs and other non-cash interest 900,000 800,000
Non-cash share-based compensation 7,400,000 5,200,000
Other amortization 1,700,000 1,800,000
Net content impairment recoveries (300,000) (600,000)
Loss on extinguishment of debt 0 4,900,000
Deferred income taxes 0 (500,000)
Changes in operating assets and liabilities:    
Accounts receivable, net 27,400,000 (15,400,000)
Programming content payments [1] (160,200,000) (232,700,000)
Programming related payables 11,900,000 (10,600,000)
Other assets 700,000 600,000
Accounts payable and accrued liabilities 5,800,000 (13,000,000.0)
Residuals 0 (1,000,000.0)
Deferred revenue 1,400,000 (800,000)
Due to LG Studios Business 0 42,800,000
Net cash provided by (used in) operating activities – continuing operations 65,400,000 (26,800,000)
Net cash used in operating activities – discontinued operations 0 (6,700,000)
Net cash provided by (used in) operating activities 65,400,000 (33,500,000)
Investing activities:    
New Lionsgate revolving credit facility – increases 151,800,000 0
New Lionsgate revolving credit facility – decreases (70,200,000) (66,700,000)
Capital expenditures (6,900,000) (4,900,000)
Deferred purchase price of receivables sold 500,000 0
Net cash provided by (used in) investing activities – continuing operations 75,200,000 (71,600,000)
Financing activities:    
Distribution to New Lionsgate upon Separation (389,900,000) 0
Debt – borrowings, net of debt issuance and redemption costs 291,800,000 14,300,000
Debt – repurchases and repayments 0 (54,000,000.0)
Programming related obligations – borrowings 177,300,000 53,800,000
Programming related obligations – repayments (180,400,000) 0
Parent net investment (5,600,000) 76,500,000
Net cash (used in) provided by financing activities – continuing operations (106,800,000) 90,600,000
Net cash provided by financing activities – discontinued operations 0 2,700,000
Net cash (used in) provided by financing activities (106,800,000) 93,300,000
Net change in cash and cash equivalents 33,800,000 (11,800,000)
Cash and cash equivalents – beginning of period 17,800,000 37,000,000.0
Cash and cash equivalents – end of period $ 51,600,000 $ 25,200,000
[1] Programming content payments prior to the Separation for the quarter ended June 30, 2024 includes $141.0 million, respectively, from the licensing of program rights from the LG Studios Business (see Note 15).