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Programming Content
6 Months Ended
Sep. 30, 2025
Other Industries [Abstract]  
Programming Content Programming Content
The predominant monetization strategy for the Company's programming content (which includes licensed program rights and owned and produced films and television programs) is as a group. Total programming content is as follows:
September 30,
2025
March 31,
2025
 (Amounts in millions)
Licensed program rights, net of accumulated amortization$999.2 $1,080.0 
Owned and produced films and television programs:
Released, net of accumulated amortization3.7 9.2 
In progress16.3 — 
In development9.5 7.1 
29.5 16.3 
Programming content, net$1,028.7 $1,096.3 
Amortization of programming content is as follows and is included in programming amortization in the accompanying unaudited condensed consolidated statements of operations:
Three Months EndedSix Months Ended
September 30,September 30,
2025202420252024
 (Amounts in millions)(Amounts in millions)
Programming amortization expense:(1)
Licensed program rights$153.4 $179.4 $314.9 $327.1 
Owned and produced films and television programs3.4 2.7 4.4 4.0 
$156.8 $182.1 $319.3 $331.1 
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(1)Programming amortization expense for the three and six months ended September 30, 2024 excludes COVID-related insurance recoveries of $(0.1) million and $(1.1) million, respectively.