Goodwill and Intangible Assets (Tables)

12 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying value of goodwill by reporting segment were as follows:

	Motion Picture		Television Production		Media Networks		Total
	(Amounts in millions)
Balance as of March 31, 2022	$	393.7	$	401.9	$	1,968.9	$	2,764.5
Impairment(1)	—		—		(1,475.0)		(1,475.0)
Balance as of March 31, 2023	$	393.7	$	401.9	$	493.9	$	1,289.5
Acquisition of eOne (see Note 2)	1.0		4.8		—		5.8
Impairment(1)	—		—		(493.9)		(493.9)
Measurement period adjustments(2)	3.9		5.9		—		9.8
Balance as of March 31, 2024	$	398.6	$	412.6	$	—	$	811.2

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(1)See Note 1, Goodwill Impairment Assessments, for further information on the goodwill impairments recorded in fiscal 2024 and 2023 related to the Media Networks segment. As of March 31, 2024 and March 31, 2023, accumulated goodwill impairment losses totaled $1.969 billion and $1.475 billion, respectively, related to the Media Networks reporting unit.

(2)Measurement period adjustments for the acquisition of eOne reflect an increase to goodwill of $9.8 million resulting from a net decrease in estimated fair value of the net assets acquired. The decrease in the estimated fair value of the net assets acquired consisted of net decreases to accounts receivable and other assets of $11.4 million and $12.4 million, respectively, partially offset by a net increase to investment in films and television programs of $4.0 million, and net decreases to content related payables of $1.9 million, accrued liabilities of $3.8 million, participations and residuals of $1.9 million, and deferred revenue of $2.4 million.

Finite-Lived Intangible Assets

Finite-lived intangible assets consisted of the following:

	March 31, 2024						March 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(Amounts in millions)
Finite-lived intangible assets subject to amortization:
Customer relationships(1)	$	1,852.0	$	942.9	$	909.1	$	1,852.0	$	807.8	$	1,044.2
Trademarks and trade names(2)	87.6		7.1		80.5		3.6		2.6		1.0
Other	23.9		21.7		2.2		23.9		19.0		4.9
	$	1,963.5	$	971.7	$	991.8	$	1,879.5	$	829.4	$	1,050.1

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(1)Customer relationships primarily represent Starz affiliation agreements with distributors.

(2)Amounts as of March 31, 2024 include the Starz trade names previously accounted for as indefinite-lived intangible assets, see below and Note 1, Indefinite-Lived Intangibles Other Than Goodwill Impairment Assessment, for further information.