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Segment Information
 6 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s reportable segments have been determined based on the distinct nature of their operations, the Company's internal management structure, and the financial information that is evaluated regularly by the Company's chief operating decision maker ("CODM") in deciding how to allocate resources to an individual segment and in assessing performance. Our Chief Executive Officer ("CEO") is the CODM.
As described in Note 1, as of September 30, 2025, the Company has one reportable segment: Starz Networks, which includes our operations in the U.S. and Canada. The continuing operations outside the U.S. and Canada, which through March 31, 2025 included operations in India and Southeast Asia, is reported as International and is disclosed to provide a reconciliation of segment amounts to amounts appearing in the accompanying financial statements. As described in Note 1, and effective April 1, 2025, we transferred our operations in India and Southeast Asia to New Lionsgate.
Segment information is presented in the table below:
Three Months Ended
September 30,
20252024
Starz NetworksStarz NetworksInternationalTotal
 (Amounts in millions)
Revenue
OTT revenue$222.8 $229.9 $2.3 $232.2 
Linear and other revenue98.1 113.0 1.7 114.7 
Total revenue320.9 342.9 4.0 346.9 
Operating expenses:
Programming amortization156.8 179.5 2.6 182.1 
Payroll expense(1)
32.0 28.6 0.5 29.1 
Advertising and marketing78.4 75.2 0.3 75.5 
Other(2)
35.6 36.8 0.3 37.1 
Depreciation and amortization47.9 41.2 — 41.2 
Restructuring and other5.0 1.8 (2.9)(1.1)
Total expenses355.7 363.1 0.8 363.9 
Operating (loss) income(34.8)(20.2)3.2 (17.0)
Interest expense(15.8)(12.3)— (12.3)
Interest and other income0.2 1.0 0.1 1.1 
Other expense(1.8)(2.0)— (2.0)
Loss on extinguishment of debt— — — — 
(Loss) income from continuing operations(52.2)(33.5)3.3 (30.2)
Income tax expense(0.4)(0.3)(0.1)(0.4)
Net (loss) income from continuing operations$(52.6)$(33.8)$3.2 $(30.6)
Six Months Ended
September 30,
20252024
Starz NetworksStarz NetworksInternationalTotal
 (Amounts in millions)
Revenue
OTT revenue$443.9 $462.0 $4.6 $466.6 
Linear and other revenue196.7 226.2 1.7 227.9 
Total revenue640.6 688.2 6.3 694.5 
Operating expenses:
Programming amortization319.3 325.6 4.4 330.0 
Payroll expense(1)
61.7 56.8 1.0 57.8 
Advertising and marketing141.8 157.6 0.6 158.2 
Other(2)
71.5 73.4 0.9 74.3 
Depreciation and amortization96.6 82.8 — 82.8 
Restructuring and other11.4 1.2 (2.9)(1.7)
Total expenses702.3 697.4 4.0 701.4 
Operating (loss) income(61.7)(9.2)2.3 (6.9)
Interest expense(29.0)(23.1)— (23.1)
Interest and other income0.2 1.8 0.1 1.9 
Other expense(4.3)(3.7)— (3.7)
Loss on extinguishment of debt— (4.9)— (4.9)
(Loss) income from continuing operations before income taxes(94.8)(39.1)2.4 (36.7)
Income tax (expense) benefit(0.3)7.4 (0.2)7.2 
Net (loss) income from continuing operations$(95.1)$(31.7)$2.2 $(29.5)
______________________________________
(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 unaudited condensed consolidated statements of operations, less payroll expense per note (1).
The reconciliation of total segment assets to the Company’s total consolidated assets is as follows:
September 30,
2025		March 31,
2025
 (Amounts in millions)
Assets
Starz Networks$1,874.3 $2,017.8 
International— 6.5 
Other unallocated assets(1)
98.1 148.9 
$1,972.4 $2,173.2 
_____________________
(1)Other unallocated assets primarily consist of cash and other assets.
Long-lived assets by geographic location are as follows:
September 30, 2025March 31,
2025
 (Amounts in millions)
Long-lived assets(1)
United States$1,122.8 $1,180.5 
_____________
(1)Long-lived assets represents programming content, net, property and equipment, net, and right-of-use assets.