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Other Comprehensive Loss (Tables)
 9 Months Ended 12 Months Ended
Dec. 31, 2024
Oct. 01, 2023
Mar. 31, 2024
Dec. 25, 2022
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income
The following table summarizes the changes in the components of accumulated other comprehensive income, net of tax. During the nine months ended December 31, 2024 and 2023, there was no income tax expense or benefit reflected in other comprehensive income due to the income tax impact being offset by changes in the Company’s deferred tax valuation allowance
.
 
    
Foreign currency
translation
adjustments
     
Net unrealized gain
(loss) on cash flow
hedges
     
Total
  
    
(Amounts in millions)
  
March 31, 2024
    $ (42.1 )     $ 138.8      $ 96.7  
Other comprehensive income (loss)
      (12.8 )      2.3        (10.5 )
Reclassifications to net loss
(1)
      —         (21.4 )
 
      (21.4 )
  
 
 
     
 
 
     
 
 
  
Dec
ember 3
1
, 2024
    $ (54.9 )    $ 119.7      $ 64.8  
  
 
 
     
 
 
     
 
 
  
March 31, 2023
    $ (41.1 )    $ 142.6      $ 101.5  
Other comprehensive income (loss)
      1.8        17.4        19.2  
Reclassifications to net loss
(1)
      —         (23.5 )      (23.5 )
 
  
 
 
     
 
 
     
 
 
  
Dec
ember 3
1
, 2023
    $ (39.3 )    $ 136.5      $ 97.2  
  
 
 
     
 
 
     
 
 
  
 
(1)
Represents a loss of $1.2 million included in direct operating expense and a gain of $22.6 million included in interest expense on the unaudited condensed consolidated statement of operations in the
nine
months ended
Dec
ember 3
1
, 2024 (
nine
months ended
Dec
ember 3
1
,
2023—loss of
$2.5 million included in direct operating expense and gain of $26.0 million included in interest expense) (see Note 18).
 
The following table summarizes the changes in the components of accumulated other comprehensive income (loss), net of tax. During the years ended March 31, 2024, 2023 and 2022, there was no income tax expense or benefit reflected in other comprehensive income (loss) due to the income tax impact being offset by changes in the Company’s deferred tax valuation allowance.
 
 
  
Foreign currency
translation
adjustments
 
  
Net unrealized gain
(loss) on cash flow
hedges
 
  
Total
 
 
  
(Amounts in millions)
 
March 31, 2021
    $ (34.3 )       (68.1 )     $
 
 (102.4 ) 
Other comprehensive loss
      (4.6 )       68.2        63.6  
Reclassifications to net loss
(1)
      —         49.0        49.0  
  
 
 
     
 
 
     
 
 
  
March 31, 2022
      (38.9 )       49.1        10.2  
Other comprehensive income
      (2.2 )       82.8        80.6  
Reclassifications to net loss
(1)
      —         10.7        10.7  
  
 
 
     
 
 
     
 
 
  
March 31, 2023
      (41.1 )       142.6        101.5  
Other comprehensive income (loss)
      (1.0 )       30.5        29.5  
Reclassifications to net loss
(1)
      —         (34.3 )       (34.3 ) 
  
 
 
     
 
 
     
 
 
  
March 31, 2024
    $ (42.1 )     $ 138.8      $ 96.7  
  
 
 
     
 
 
     
 
 
  
 
(1)
Represents a loss of $0.3 million included in direct operating expense and a gain of $34.6 million included in interest expense on the combined statement of operations in the year ended March 31, 2024 (2023- loss of $0.3 million included in direct operating expense and loss of $10.4 million included in interest expense; 2022- loss of $0.2 million included in direct operating expense and loss of $48.8 million included in interest expense) (see Note 18).
 
Entertainment One Film And Television Business [Member]        
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)  
Components of other comprehensive loss are presented within the Condensed Combined Statements of Comprehensive Loss. The following table presents the related tax effects on changes in other comprehensive loss for each of the nine months ended October 1, 2023 and September 25, 2022.
 
(In thousands)   
2023
     
2022
  
Other comprehensive earnings (loss), tax effect:
      
Tax (expense) benefit on cash flow hedging activities
    $  (33 )     $  (1,911 ) 
Tax (expense) benefit on foreign currency translation amounts
      —         —   
Reclassifications to earnings, tax effect:
      
Tax expense (benefit) on net (gains) losses on cash flow hedging activities
      13        232  
  
 
 
     
 
 
  
Total tax effect on other comprehensive loss attributable to Entertainment One Film and Television Business Film and Television
   
$
(20
) 
   
$
(1,679
) 
  
 
 
     
 
 
  
   The following table presents the related tax effects on changes in other comprehensive loss for each of the two fiscal years ended December 25, 2022 and December 26, 2021.
 
(In thousands)   
2022
     
2021
  
Other comprehensive earnings (loss), tax effect:
      
Tax expense on cash flow hedging activities
    $ (420 )     $ (616 ) 
Tax (expense) benefit on foreign currency translation amounts
      —         —   
Reclassifications to earnings, tax effect:
      
Tax expense on net losses on cash flow hedging activities
      404        203  
  
 
 
     
 
 
  
Total tax effect on other comprehensive loss attributable to Entertainment One Film and Television Business Film and Television
   
$
(16
) 
   
$
(413
) 
  
 
 
     
 
 
  
Schedule of Accumulated Other Comprehensive Income (Loss)  
Changes in the components of accumulated other comprehensive loss, net of tax for each of the nine months ended October 1, 2023 and September 25, 2022 are as follows:
 
(In thousands)   
Gains (Losses)
on Derivative
Instruments
     
Foreign
Currency
Translation
Adjustments
     
Total
Accumulated
Other
Comprehensive
Earnings (Loss)
  
2023
         
Balance at December 25, 2022
   
$
1,296
 
   
$
(
29,673
) 
   
$
(28,377
) 
Current period other comprehensive earnings (loss)
      408        1,894        2,302  
Reclassifications from AOCE to earnings
      (1,759 )       —         (1,759 ) 
  
 
 
     
 
 
     
 
 
  
Balance at October 1, 2023
   
$
(55
) 
   
$
(27,779
) 
   
$
(27,834
) 
  
 
 
     
 
 
     
 
 
  
2022
         
Balance at December 26, 2021
   
$
1,886
 
   
$
3,392
 
   
$
5,278
 
Current period other comprehensive earnings (loss)
      8,083        (37,978 )       (29,895 ) 
Reclassifications from AOCE to earnings
      (1,186 )       —         (1,186 ) 
  
 
 
     
 
 
     
 
 
  
Balance at September 25, 2022
   
$
8,783
 
   
$
(34,586
) 
   
$
(25,803
) 
  
 
 
     
 
 
     
 
 
  
  
Changes in the components of accumulated other comprehensive loss, net of tax for each of the two fiscal years ended December 25, 2022 and December 26, 2021 are as follows:
 
(In thousands)
  
Gains (Losses)
on Derivative
Instruments
 
 
Foreign
Currency
Translation
Adjustments
 
 
Total
Accumulated
Other
Comprehensive
Earnings (Loss)
 
2022
  
 
 
Balance at December 26, 2021
   
$
1,886
 
   
$
3,392
 
   
$
5,278
 
Current period other comprehensive earnings (loss)
      1,535        (33,066 )       (31,531 ) 
Reclassifications from AOCE to earnings
      (2,124 )       —         (2,124 ) 
  
 
 
     
 
 
     
 
 
  
 
(In thousands)
  
Gains (Losses)
on Derivative
Instruments
 
  
Foreign
Currency
Translation
Adjustments
 
  
Total
Accumulated
Other
Comprehensive
Earnings (Loss)
 
Balance at December 25, 2022
   
$
1,297
 
   
$
(29,674
) 
   
$
(28,377
) 
  
 
 
     
 
 
     
 
 
  
2021
         
Balance at December 27, 2020
   
$
(611
) 
   
$
(2,833
) 
   
$
(3,444
) 
Current period other comprehensive earnings
      3,564        6,225        9,789  
Reclassifications from AOCE to earnings
      (1,067 )       —         (1,067 ) 
  
 
 
     
 
 
     
 
 
  
Balance at December 26, 2021
   
$
1,886
 
   
$
3,392
 
   
$
5,278