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Investment In Films and Television Programs and Licensed Program Rights
6 Months Ended
Sep. 30, 2024
Investment In Films And Television Programs and Program Rights [Abstract]  
Investment In Films and Television Programs and Licensed Program Rights Investment in Films and Television Programs and Licensed Program Rights
Total investment in films and television programs and licensed program rights by predominant monetization strategy is as follows:                
September 30,
2024
March 31,
2024
 (Amounts in millions)
Investment in Films and Television Programs:
Individual Monetization
Released, net of accumulated amortization$967.5 $878.3 
Completed and not released115.8 225.4 
In progress781.2 469.2 
In development77.0 65.7 
1,941.5 1,638.6 
Film Group Monetization
Released, net of accumulated amortization513.2 497.1 
Completed and not released201.0 170.1 
In progress317.2 179.0 
In development5.9 4.3 
1,037.3 850.5 
Licensed program rights, net of accumulated amortization306.0 273.1 
Investment in films and television programs and licensed program rights, net$3,284.8 $2,762.2 
At September 30, 2024, acquired film and television libraries have remaining unamortized costs of $258.3 million, which are monetized individually and are being amortized on a straight-line basis or the individual-film-forecast method over a weighted-average remaining period of approximately 13.6 years (March 31, 2024 - unamortized costs of $223.1 million).

Amortization of investment in film and television programs and licensed program rights by predominant monetization strategy is as follows, and was included in direct operating expense in the unaudited condensed consolidated statements of operations:
Three Months EndedSix Months Ended
September 30,September 30,
2024202320242023
 (Amounts in millions)
Amortization expense:
Individual monetization$348.8 $223.3 $511.6 $404.4 
Film group monetization79.1 98.7 156.0 209.9 
Licensed program rights58.6 85.6 106.6 153.2 
$486.5 $407.6 $774.2 $767.5 

Impairments. Investment in films and television programs and licensed program rights includes write-downs to fair value. The following table sets forth impairments by segment and the line item in our unaudited condensed consolidated statement of operations they are recorded in for the three and six months ended September 30, 2024 and 2023:
Three Months EndedSix Months Ended
September 30,September 30,
2024202320242023
 (Amounts in millions)
Impairments by segment:
Included in direct operating expense(1):
Motion Picture$18.3 $26.8 $18.5 $27.0 
Television Production— 5.4 — 5.4 
Impairments not included in segment operating results(2):
Included in restructuring and other(4.8)211.6 (2.8)239.5 
$13.5 $243.8 $15.7 $271.9 
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(1)Impairments included in direct operating expense are included in the amortization expense amounts reflected in the table above which presents amortization of investment in film and television programs and licensed program rights by predominant monetization strategy.
(2)Represents charges (net recoveries) primarily related to the Media Networks restructuring plan initiatives. See Note 14 for further information.