XML 375 R48.htm IDEA: XBRL DOCUMENT v3.25.1
Film Related Obligations (Tables)
 9 Months Ended 12 Months Ended
Dec. 31, 2024
Mar. 31, 2024
Disclosure In Entirety Of Film Related Obligations [Line Items]    
Components
 
  
December 31, 2024
 
  
March 31, 2024
 
 
  
(Amounts in millions)
 
Film related obligations:
      
Production Loans
    $ 1,346.0      $ 1,292.2  
Production Tax Credit Facility
      257.8        260.0  
Backlog Facility and Other
      179.0        287.3  
Film Library Facility
      87.5        109.9  
  
 
 
     
 
 
  
Total film related obligations
      1,870.3        1,949.4  
Unamortized issuance costs
      (5.9 )
 
      (11.4 ) 
  
 
 
     
 
 
  
Total film related obligations, net
      1,864.4        1,938.0  
Less current portion
      (1,421.2 )      (1,393.1 ) 
  
 
 
     
 
 
  
Total
non-current
film related obligations
    $ 443.2      $ 544.9  
  
 
 
     
 
 
  
  
Summary of Disclosure In Entirety Of Film Related Obligations  
    
March 31,
2024
     
March 31,
2023
  
    
(Amounts in millions)
  
Film related obligations:
      
Production Loans
    $ 1,292.2      $ 1,349.9  
Production Tax Credit Facility
      260.0        231.8  
Backlog Facility and Other
      287.3        226.0  
IP Credit Facility
      109.9        143.8  
  
 
 
     
 
 
  
Total film related obligations
      1,949.4        1,951.5  
Unamortized issuance costs
      (11.4 )       (11.4 ) 
  
 
 
     
 
 
  
Total film related obligations, net
      1,938.0        1,940.1  
Less current portion
      (1,393.1 )       (923.7 ) 
  
 
 
     
 
 
  
Total
non-current
film related obligations
    $ 544.9      $ 1,016.4  
  
 
 
     
 
 
  
Schedule of Cumulative Minimum Guaranteed Payments of IP Credit Facility The cash flows generated from the exploitation of the rights will be applied to repay the Film Library Facility subject to cumulative minimum guaranteed payment amounts as set forth below:
 
Cumulative Period From September 29,
2022 Through:
  
Cumulative Minimum
Guaranteed Payment
Amounts
 
  
Payment Due Date
 
 
  
(in millions)
 
  
 
 
September 30, 2025
    $ 91.1        November 14, 2025  
September 30, 2026
    $ 121.4        November 14, 2026  
July 30, 2027
    $ 161.9        July 30, 2027  
The following table sets forth future annual contractual principal payment commitments of debt as of
March 31, 2024:
 
 
  
Maturity Date
 
  
Year Ending March 31,
 
Debt Type
  
2025
 
  
2026
 
  
2027
 
  
2028
 
  
2029
 
  
Thereafter
 
  
Total
 
 
  
(Amounts in millions)
 
Revolving Credit Facility
  
 
April 2026
 
  
$
— 
 
  
$
— 
 
  
$
575.0
 
  
$
— 
 
  
$
— 
 
  
$
— 
 
  
$
575.0
 
Term Loan A
  
 
April 2026
 
  
 
41.1
 
  
 
44.5
 
  
 
313.7
 
  
 
— 
 
  
 
— 
 
  
 
— 
 
  
 
399.3
 
Term Loan B
  
 
March 2025
 
  
 
819.2
 
  
 
— 
 
  
 
— 
 
  
 
— 
 
  
 
— 
 
  
 
— 
 
  
 
819.2
 
  
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
 
 
  
$860.3
 
  
$44.5
 
  
$888.7
 
  
$— 
 
  
$— 
 
  
$ — 
 
  
$1,793.5
 
  
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Less aggregate unamortized debt issuance costs
  
  
  
  
  
  
  
  
 
(10.2
) 
  
  
  
  
  
  
  
  
 
 
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
$1,783.3
 
  
  
  
  
  
  
  
  
 
 
 
Summary of IP Credit Facility Subject To Cumulative Minimum Guaranteed Payment   The cash flows generated from the exploitation of the rights will be applied to repay the IP Credit Facility subject to cumulative minimum guaranteed payment amounts as set forth below:
 
Cumulative Period From September 29,
2022 Through:
  
Cumulative Minimum
Guaranteed Payment
Amounts
 
  
Payment Due Date
 
 
  
(in millions)
 
  
 
 
September 30, 2023
   
$
 30.4
 
 
    November 14, 2023
 
September 30, 2024
   
$
 60.7
 
 
    November 14, 2024
 
September 30, 2025
   
$
 91.1
 
 
    November 14, 2025
 
September 30, 2026
   
$
 121.4
 
 
    November 14, 2026
 
July 30, 2027
   
$
 161.9
 
 
    July 30, 2027
 
Film Related Obligations    
Disclosure In Entirety Of Film Related Obligations [Line Items]    
Schedule of Cumulative Minimum Guaranteed Payments of IP Credit Facility  
The following table sets forth future annual repayment of film related obligations as of
March 31, 2024:
 
 
  
Year Ending March 31,
 
 
  
2025
 
  
2026
 
  
2027
 
  
2028
 
  
2029
 
  
Thereafter
 
  
Total
 
 
  
(Amounts in millions)
 
Production Loans
  
$
973.3
 
  
$
318.9
 
  
$
— 
 
  
$
— 
 
  
$
— 
 
  
$
— 
 
  
$
1,292.2
 
Production Tax Credit Facility
(1)
  
 
260.0
 
  
 
— 
 
  
 
— 
 
  
 
— 
 
  
 
— 
 
  
 
— 
 
  
 
260.0
 
Backlog Facility and Other
(1)
  
 
118.8
 
  
 
24.1
 
  
 
— 
 
  
 
144.4
 
  
 
— 
 
  
 
— 
 
  
 
287.3
 
IP Credit Facility
(2)
  
 
41.0
 
  
 
50.1
 
  
 
18.8
 
  
 
— 
 
  
 
— 
 
  
 
— 
 
  
 
109.9
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
$1,393.1
 
  
$393.1
 
  
$18.8
 
  
$144.4
 
  
$— 
 
  
$ — 
 
  
$1,949.4
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
Less unamortized issuance costs
  
  
  
  
  
  
  
 
(11.4
) 
  
  
  
  
  
  
  
 
 
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
$1,938.0
 
  
  
  
  
  
  
  
 
 
 
 
(1)
The repayment dates are based on the projected future amount of collateral available under these facilities. Net advances and payments under these facilities can fluctuate depending on the amount of collateral available.
(2)
Repayment dates are based on the projected future cash flows generated from the exploitation of the rights, subject to a minimum guaranteed payment amount, as applicable (see further information below).
LIONS GATE ENTERTAINMENT CORP [Member]    
Disclosure In Entirety Of Film Related Obligations [Line Items]    
Components  
    
March 31,

2024
     
March 31,

2023
  
    
(Amounts in millions)
  
Film related obligations:
      
Production Loans
    $ 1,292.2    $ 1,349.9
Production Tax Credit Facility
      260.0      231.8
Programming Notes
      —         83.6
Backlog Facility and Other
      287.3      226.0
IP Credit Facility
      109.9      143.8
  
 
 
     
 
 
  
Total film related obligations
      1,949.4      2,035.1
Unamortized issuance costs
      (11.4 )       (11.5 ) 
  
 
 
     
 
 
  
Total film related obligations, net
      1,938.0      2,023.6
Less current portion
      (1,393.1 )       (1,007.2 ) 
  
 
 
     
 
 
  
Total
non-current
film related obligations
    $ 544.9    $ 1,016.4
  
 
 
     
 
 
  
Future Annual Repayment of Film Related Obligations  
The following table sets forth future annual repayment of film related obligations as of March 31, 2024:
 
    
Year Ending March 31,
  
    
2025
     
2026
     
2027
     
2028
     
2029
     
Thereafter
     
Total
  
    
(Amounts in millions)
  
Production Loans
    $ 973.3    $ 318.9    $ —       $ —       $ —     $ —     $ 1,292.2
Production Tax Credit Facility
(1)
      260.0      —         —         —         —         —         260.0
Backlog Facility and Other
(1)
      118.8      24.1      —         144.4      —         —         287.3
IP Credit Facility
(2)
      41.0      50.1      18.8      —         —         —         109.9
  
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
   $ 1,393.1    $ 393.1    $ 18.8    $ 144.4    $ —     $ —     $ 1,949.4
  
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
Less unamortized issuance costs
                        (11.4 ) 
                    
 
 
  
                     $ 1,938.0
                    
 
 
  
 
(1)
The repayment dates are based on the projected future amount of collateral available under these facilities. Net advances and payments under these facilities can fluctuate depending on the amount of collateral available.
(2)
Repayment dates are based on the projected future cash flows generated from the exploitation of the rights, subject to a minimum guaranteed payment amount, as applicable (see further information below).
Summary of Disclosure In Entirety Of Film Related Obligations
 
  
December 31,
2024
 
  
March 31,
2024
 
 
  
(Amounts in millions)
 
Film related obligations:
      
Production Loans
    $ 1,346.0    $ 1,292.2
Production Tax Credit Facility
      257.8      260.0
Programming Notes
      75.8      —   
Backlog Facility and Other
      179.0      287.3
Film Library Facility
      87.5      109.9
  
 
 
     
 
 
  
Total film related obligations
      1,946.1      1,949.4
Unamortized issuance costs
      (5.9 )       (11.4 ) 
  
 
 
     
 
 
  
Total film related obligations, net
      1,940.2      1,938.0
Less current portion
      (1,497.0 )       (1,393.1 ) 
  
 
 
     
 
 
  
Total
non-current
film related obligations
    $ 443.2    $ 544.9
  
 
 
     
 
 
  
  
Schedule of Cumulative Minimum Guaranteed Payments of IP Credit Facility  
The following table sets forth future annual contractual principal payment commitments of debt as of March 31, 2024:
 
    
Maturity Date
     
Year Ending March 31,
  
Debt Type
   
2025
     
2026
     
2027
     
2028
     
2029
     
Thereafter
     
Total
  
           
(Amounts in millions)
  
Revolving Credit Facility
      April 2026      $ —       $ —       $ 575.0    $ —       $ —       $ —       $ 575.0
Term Loan A
      April 2026        41.1      44.5      313.7      —         —         —         399.3
Term Loan B
      March 2025        819.2      —         —         —         —         —         819.2
5.500% Senior Notes
      April 2029        —         —         —         —         —         715.0      715.0
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
      $ 860.3    $ 44.5    $ 888.7    $ —       $ —       $ 715.0      2,508.5
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
Less aggregate unamortized debt issuance costs
 
      (28.5 ) 
  
 
 
  
                        $ 2,480.0
                       
 
 
  
Summary of IP Credit Facility Subject To Cumulative Minimum Guaranteed Payment   The cash flows generated from the exploitation of the rights will be applied to repay the IP Credit Facility subject to cumulative minimum guaranteed payment amounts as set forth below:
 
Cumulative Period From
September 29, 2022 Through:
   
Cumulative Minimum
Guaranteed Payment
Amounts
   
Payment Due Date
    
(in millions)
     
September 30, 2023
    $30.4    November 14, 2023
September 30, 2024
    $60.7    November 14, 2024
September 30, 2025
    $91.1    November 14, 2025
September 30, 2026
    $121.4    November 14, 2026
July 30, 2027
    $161.9    July 30, 2027