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Investment in Films and Television Programs (Tables)
 12 Months Ended
Mar. 31, 2025
Investment in Films And Television Programs [Abstract]  
Schedule of Total Investment in Films and Television Programs Total investment in films and television programs is as follows:
March 31, 2025March 31, 2024
 (Amounts in millions)
Investment in Films and Television Programs:
Released, net of accumulated amortization$987.3 $992.2 
Completed and not released135.1 225.4 
In progress783.0 644.4 
In development87.2 67.0 
Investment in films and television programs, net$1,992.6 $1,929.0 
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(1)At March 31, 2025, the unamortized balance related to completed and not released and in progress theatrical films was $680.9 million.
(2)Production tax credits reduced total investment in films and television programs by $243.6 million and $112.2 million during the years ended March 31, 2025 and 2024, respectively, which resulted in a reduction of direct operating expense related to the amortization of investment in films and television programs cost of approximately $112.0 million and $70.6 million for the years ended March 31, 2025 and 2024, respectively.
Schedule of Estimated Future Amortization Expense for Film, Monetized on Its Own and Film, Monetized in Film Group and License Agreement for Program Rights
The table below summarizes estimated future amortization expense for the Company’s investment in film and television programs as of March 31, 2025:
Year Ending
March 31,
202620272028
 (Amounts in millions)
Estimated future amortization expense:
Released investment in films and television programs$333.5 $182.1 $146.9 
Completed and not released investment in films and television programs$90.4 n/an/a
Schedule of Impairments by Segment Investment in films and television programs includes write-downs to fair value, which are included in direct operating expense on the consolidated statements of operations, and represented the following amounts by segment for the years ended March 31, 2025, 2024 and 2023:
Year Ended
March 31,
202520242023
 (Amounts in millions)
Impairments by segment:
Included in direct operating expense(1):
Motion Picture$19.7 $34.6 $6.2 
Television Production6.7 8.4 4.6 
Impairments not included in segment operating results(2):
Included in restructuring and other7.2 12.8 — 
$33.6 $55.8 $10.8 
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(1)Impairments included in direct operating expense are included in the amortization expense amounts disclosed above.
(2)Amounts in fiscal 2025 primarily represent content impairments related to the Motion Picture and Television Production segments associated with exiting local production in certain international territories. Amounts in fiscal 2024 represent development costs written off in connection with changes in strategy in the Television Production segment as a result of the acquisition of eOne. See Note 16.