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Business Combinations and Asset Acquisitions (Tables)
 6 Months Ended
Nov. 30, 2024
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the preliminary purchase price allocation of fair values of the assets acquired and liabilities assumed at the date of acquisition, inclusive of measurement period adjustments:
Cash and cash equivalents$17.5 
Accounts receivable15.9 
Investment in film and television programs42.9 
Property, plant and equipment (1)
6.0 
Operating lease right-of-use assets6.1 
Other Intangible assets:
Existing content/IP16.0 
Customer contracts/relationships51.5 
Trade names
16.5 
Internally developed software1.3 
Other assets (2)
35.8 
Total assets acquired209.5 
Accounts payable2.3 
Accrued expenses
16.3 
Deferred revenue10.9 
Film related obligations
34.9 
Operating lease liabilities7.7 
Other liabilities14.7 
Total liabilities assumed86.8 
Preliminary fair value of net assets acquired122.7 
Goodwill71.0 
Preliminary purchase price consideration$193.7 
(1) Includes a preliminary step-up adjustment of $1.8.
(2) Includes $31.9 of receivables related to government tax incentives.
Business Acquisition, Pro Forma Information
The following table summarizes the unaudited pro-forma consolidated results of operations for the three and six months ended November 30, 2024 and 2023 as if the acquisition had occurred on June 1, 2023, the beginning of fiscal 2024:
Three months endedSix months ended
November 30,November 30,
2024202320242023
Revenues $544.6 
$
578.8 $787.5 
$
827.1 
Net income (loss)48.8 73.9 (15.5)(4.9)