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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities:    
Net loss $ (95,100,000) $ (26,400,000)
Less: net income from discontinued operations, net of tax 0 3,100,000
Net loss from continuing operations (95,100,000) (29,500,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 96,600,000 82,800,000
Programming amortization 319,300,000 331,100,000
Amortization of debt financing costs and other non-cash interest 2,000,000.0 1,400,000
Non-cash share-based compensation 11,300,000 9,600,000
Other amortization 4,000,000.0 3,600,000
Net content impairment (recoveries) (300,000) (4,700,000)
Loss on extinguishment of debt 0 4,900,000
Deferred income taxes 0 (1,100,000)
Changes in operating assets and liabilities:    
Accounts receivable, net 16,900,000 (33,100,000)
Programming content payments [1] (253,000,000.0) (497,100,000)
Programming related payables (54,900,000) (11,000,000.0)
Other assets 6,000,000.0 1,300,000
Accounts payable and accrued liabilities (16,600,000) (22,100,000)
Residuals 0 (1,100,000)
Deferred revenue 3,100,000 900,000
Due to LG Studios Business 0 146,300,000
Net cash provided by (used in) operating activities – continuing operations 39,300,000 (17,800,000)
Net cash provided by (used in) operating activities – discontinued operations 0 (6,600,000)
Net cash provided by (used in) operating activities 39,300,000 (24,400,000)
Investing activities:    
New Lionsgate revolving credit facility – increases 151,800,000 (176,700,000)
New Lionsgate revolving credit facility – decreases (70,200,000) 96,300,000
Capital expenditures (12,100,000) (9,600,000)
Deferred purchase price of receivables sold 1,200,000 0
Net cash provided by (used in) investing activities – continuing operations 70,700,000 (90,000,000.0)
Financing activities:    
Distribution of Exchange Notes to New Lionsgate upon Separation (389,900,000) 0
Debt – borrowings, net of debt issuance and redemption costs 394,800,000 176,800,000
Debt – repurchases and repayments (103,000,000.0) (216,500,000)
Programming related obligations – borrowings 299,600,000 121,500,000
Programming related obligations – repayments (286,700,000) (53,800,000)
Parent net investment (5,600,000) 65,400,000
Net cash (used in) provided by financing activities – continuing operations (90,800,000) 93,400,000
Net cash provided by financing activities – discontinued operations 0 2,800,000
Net cash (used in) provided by financing activities (90,800,000) 96,200,000
Net change in cash and cash equivalents 19,200,000 (18,200,000)
Cash and cash equivalents – beginning of period 17,800,000 37,000,000.0
Cash and cash equivalents – end of period $ 37,000,000.0 $ 18,800,000
[1] Programming content payments prior to the Separation for the six months ended September 30, 2024 includes $313.2 million, respectively, from the licensing of program rights from the LG Studios Business (see Note 15).