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Goodwill (Tables)
9 Months Ended 12 Months Ended
Dec. 31, 2024
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of Changes in Carrying Value of Goodwill by Reporting Segment
Changes in the carrying value of goodwill by reporting segment were as follows:
 
Motion

Picture
Television

Production
Total
(Amounts in millions)
Balance as of March 31, 2024
   $ 398.6      $ 412.6      $ 811.2  
Measurement period adjustments
(1)
     (1.7 )
 
     (1.0 )
 
     (2.7 )
 
  
 
 
    
 
 
    
 
 
 
Balance as of December 31, 2024
   $ 396.9      $ 411.6      $ 808.5  
  
 
 
    
 
 
    
 
 
 
Goodwill
Changes in the carrying value of goodwill by reporting segment were as follows:
 
    
Motion

Picture
    
Television

Production
    
Total
 
    
(Amounts in millions)
 
Balance as of March 31, 2023 and 2022
   $ 393.7      $ 401.9      $ 795.6  
Acquisition of eOne (see Note 2)
     1.0        4.8        5.8  
Measurement period adjustments
(1)
     3.9        5.9        9.8  
  
 
 
    
 
 
    
 
 
 
Balance as of March 31, 2024
   $ 398.6      $ 412.6      $ 811.2  
  
 
 
    
 
 
    
 
 
 
 
(1)
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.