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Segment Information - Schedule of Reconciliation of Total Segment Profit to the Company's Income (Loss) Before Income Taxes (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Oct. 17, 2022
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Dec. 25, 2022
Mar. 31, 2022
Dec. 26, 2021
Segment Reporting Information [Line Items]                    
Company's total segment profit   $ 144,500 $ 108,500 $ 268,500 $ 331,200 $ 466,200 $ 409,900   $ 346,800  
Corporate general and administrative expenses           (110,600) (100,900)   (80,000)  
Adjusted depreciation and amortization   (3,400) (1,800) (10,100) (7,100) (10,500) (12,200)   (12,400)  
Restructuring and other   (40,900) (52,500) (75,800) (61,500) (132,900) (27,200)   (6,300)  
COVID-19 related (charges) benefit included in direct operating expense [1]           900 8,900   5,200  
Content charges [2]           (1,500) (8,100)   0  
Adjusted share-based compensation expense           (62,500) (73,400) $ (4,506) (70,200) $ (3,735)
Purchase accounting and related adjustments [3]           (17,100) (61,600)   (65,300)  
Operating income (loss)   49,600 7,300 30,500 120,100 139,700 139,600   111,900  
Interest expense   (58,500) (55,500) (180,100) (157,100) (222,500) (162,600)   (115,000)  
Other expense   10,100 (600) (5,200) (14,300)          
Gain (loss) on extinguishment of debt   (300) 0 (1,800) 0 (1,300) (1,300)   (3,400)  
Gain on investments, net   0 4,400 0 2,700 3,500 44,000   1,300  
Equity interests income $ 43,400 7,600 4,200 8,500 5,700 8,700 500   (3,000)  
Loss before income taxes   11,600 (38,500) (136,700) (36,000) (72,700) 5,400 $ (7,323) 11,200 $ (10,272)
Unallocated rent cost included in direct operating expense   (4,100) 0 (14,600) 0          
Charges related to Russia's invasion of Ukraine [4]           0 0   (5,900)  
Adjusted share-based compensation expense   (14,300) (17,200) (42,200) (46,300) (54,800) [5] (69,200) [5]   (70,200) [5]  
Interest and other income           19,200 6,400   28,000  
Other expense           (20,000) (21,200)   (8,600)  
Gain on investments, net           3,500 44,000   1,300  
Interest and other income   3,100 1,700 11,400 6,900 19,200 6,400   28,000  
Other gains (losses), net   10,100 (600) (5,200) (14,300) (20,000) (21,200)   (8,600)  
LIONS GATE ENTERTAINMENT CORP [Member]                    
Segment Reporting Information [Line Items]                    
Company's total segment profit   176,700 182,000 335,500 471,500 653,700 481,000   499,300  
Adjusted depreciation and amortization   (8,400) (13,500) (25,100) (33,400) (50,100) (40,200)   (43,000)  
Restructuring and other   (43,300) (116,900) (71,900) (371,000) (508,500) (411,900)   (16,800)  
Goodwill and intangible asset impairment   0 0 0 (663,900) (663,900) (1,475,000)   0  
Adjusted share-based compensation expense   (18,400) (24,900) (54,100) (66,900) (81,200) (97,800)   (100,000)  
Operating income (loss)   35,800 (43,500) (34,100) (877,900) (938,800) (1,857,700)   9,000  
Interest expense   (69,100) (67,100) (212,200) (192,900) (269,800) (221,200)   (176,000)  
Interest and other income   3,100 1,800 11,600 6,500 22,100 6,400   30,800  
Other expense           (26,900) (26,900)   (10,900)  
Gain (loss) on extinguishment of debt   (300) 0 (6,700) 21,200 19,900 57,400   (28,200)  
Gain on investments, net   0 4,400 0 2,700 3,500 44,000   1,300  
Equity interests income   7,600 4,200 8,500 5,700 8,700 500   (3,000)  
Loss before income taxes   (14,500) (102,700) (243,500) (1,054,300) (1,181,300) (1,997,500)   (177,000)  
Interest and other income   3,100 1,800 11,600 6,500 22,100 6,400   30,800  
Interest expense   (69,100) (67,100) (212,200) (192,900)          
Other gains (losses), net   8,400 (2,500) (10,600) (19,600)          
Operating segments                    
Segment Reporting Information [Line Items]                    
Company's total segment profit   144,500 108,500 268,500 331,200          
Operating segments | LIONS GATE ENTERTAINMENT CORP [Member]                    
Segment Reporting Information [Line Items]                    
Company's total segment profit   176,700 182,000 335,500 471,500 653,700 481,000   499,300  
Corporate                    
Segment Reporting Information [Line Items]                    
Corporate general and administrative expenses   (28,400) (25,200) (87,600) (76,200)          
Corporate | LIONS GATE ENTERTAINMENT CORP [Member]                    
Segment Reporting Information [Line Items]                    
Corporate general and administrative expenses   (28,400) (31,100) (89,900) (94,200) (136,100) (122,900)   (97,100)  
Corporate and Reconciling Items                    
Segment Reporting Information [Line Items]                    
Adjusted depreciation and amortization   (3,400) (1,800) (10,100) (7,100)          
Restructuring and other   (40,900) (52,500) (75,800) (61,500)          
COVID-19 related (charges) benefit included in direct operating expense   0 0 2,100 500          
Content charges   0 (300) 0 (1,100)          
Purchase accounting and related adjustments   (3,800) (4,200) (9,800) (19,400)          
Unallocated rent cost included in direct operating expense   (4,100) 0 (14,600) 0          
Adjusted share-based compensation expense   (14,300) (17,200) (42,200) (46,300)          
Corporate and Reconciling Items | LIONS GATE ENTERTAINMENT CORP [Member]                    
Segment Reporting Information [Line Items]                    
Adjusted depreciation and amortization   (8,400) (13,500) (25,100) (33,400) (50,100) (40,200)   (43,000)  
Restructuring and other   (43,300) (116,900) (71,900) (371,000) (508,500) (411,900)   (16,800)  
Goodwill and intangible asset impairment   0 0 0 (663,900) (663,900) (1,475,000)   0  
COVID-19 related (charges) benefit included in direct operating expense   0 100 3,100 500 1,000 11,600   3,400  
Content charges           0 (7,000)   (36,900)  
Charges related to Russia's invasion of Ukraine           0 0   (5,900)  
Adjusted share-based compensation expense   (18,400) (24,900) (54,100) (66,900) (81,200) (97,800)   (100,000)  
Purchase accounting and related adjustments   (38,300) (39,200) (117,100) (120,500) $ (153,700) $ (195,500)   $ (194,000)  
Unallocated rent cost included in direct operating expense   $ (4,100) $ 0 $ (14,600) $ 0          
[1] Amounts represent the incremental costs, if any, included in direct operating expense and distribution and marketing expense resulting from circumstances associated with the COVID-19 global pandemic, net of insurance recoveries. During the fiscal years ended March 31, 2024, 2023 and 2022, the Company has incurred a net benefit in direct operating expense due to insurance recoveries in excess of the incremental costs expensed in the period (see Note 15). These benefits (charges) are excluded from segment operating results.
[2] Content charges represent certain charges included in direct operating expense in the combined statements of operations, and excluded from segment operating results (see Note 15).
[3] Purchase accounting and related adjustments primarily represent the amortization of non-cash fair value adjustments to certain assets acquired in acquisitions. The following sets forth the amounts included in each line item in the financial statements:
[4] Amounts represent charges related to Russia’s invasion of Ukraine, primarily related to bad debt reserves for accounts receivable from customers in Russia, included in direct operating expense in the combined statements of operations, and excluded from segment operating results.
[5] The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: