Acquisitions (Tables)

9 Months Ended

12 Months Ended

Dec. 31, 2024

Mar. 31, 2024

The Company will reflect measurement period adjustments, in the period in which the adjustments occur, and the Company will finalize its accounting for the acquisition within one year from December 27, 2023 (see Note 6 for measurement period adjustments recorded through March 31, 2024). A change in the fair value of the net assets may change the amount recognized to goodwill. If the final fair value estimates and tax adjustments related to the net assets acquired decrease from their preliminary estimates, the amount of goodwill will increase and if the final fair value estimates and tax adjustments related to the net assets acquired increase from their preliminary estimates, the amount of goodwill will decrease and may result in a gain on purchase. In addition, the final fair value estimates related to the net assets acquired could impact the amount of amortization expense recorded associated with amounts allocated to film and television programs and other intangible assets. The preliminary goodwill amount is reflected in the table below, and arises from the opportunity for strengthening our global distribution infrastructure and enhanced positioning for motion picture and television projects and selling opportunities. The goodwill will not be amortized for financial reporting purposes, and will not be deductible for federal tax purposes. The fair value measurements were primarily based on significant inputs that are not observable in the market, such as discounted cash flow (DCF) analyses, and thus represent Level 3 fair value measurements.

The preliminary allocation of the purchase price to the assets acquired and liabilities assumed, and a reconciliation to total consideration transferred is presented in the table below:


	(Amounts in millions)
Cash and cash equivalents	$	54.1
Accounts receivable		298.8
Investment in films and television programs		371.8
Property and equipment		14.0
Intangible assets		4.0
Other assets (1)		168.2
Accounts payable and accrued liabilities		(67.8	)
Content related payable		(35.4	)
Participations and residuals (1)		(201.9	)
Film related obligations (1)		(105.8	)
Other liabilities and deferred revenue (1)		(130.5	)

Preliminary fair value of net assets acquired		369.5
Goodwill		15.6

Preliminary purchase price consideration	$	385.1

(1)	Includes current and non-current amounts.

Schedule of Pro Forma Statement of Operations Information

The following unaudited pro forma condensed consolidated statement of operations information presented below illustrates the results of operations of the Company as if the acquisition of eOne as described above occurred on April 1, 2023. The unaudited pro forma condensed consolidated financial information is presented for informational purposes and is not indicative of the results of operations that would have been achieved if the acquisition had occurred on April 1, 2023, nor is it indicative of future results. The statement of operations information below includes the statement of operations of eOne for the

nine

months ended September 30, 2023 combined with the Company’s statement of operations for the

nine

months ended

December 31

, 2023, respectively.


	Three Months Ended December 31,			Nine Months Ended December 31,
	2023			2023
	(Amounts in millions)
Revenues	$	832.5		$	2,525.6
Net income (loss) attributable to Lionsgate Studios Corp.		(21.2	)		(323.7	)


	Year Ended March 31,
	2024			2023
	(Amounts in millions)
Revenues	$	3,380.0		$	3,911.6
Net income (loss) attributable Parent	$	(376.5	)	$	63.4

Schedule of Purchase Price Allocation to Tangible and Intangible Assets Acquired and Liabilities Assumed

Allocation of Purchase Consideration.

The Company has made an allocation of the purchase price of eOne to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair value as follows:


	(Amounts in millions)
Cash and cash equivalents	$	54.1
Accounts receivable		293.2
Investment in films and television programs		370.2
Property and equipment		14.0
Intangible assets		4.0
Other assets (1)		172.4
Accounts payable and accrued liabilities		(69.3	)
Content related payables		(38.8	)
Participations and residuals (1)		(202.9	)
Film related obligations (1)		(105.8	)
Other liabilities and deferred revenue (1)		(130.9	)

Fair value of net assets acquired		360.2
Goodwill		12.9

Purchase price consideration at December 31, 2024	$	373.1

(1)	Includes current and non-current amounts .