Lionsgate Studios (LION) S-1 11 Jun 24 IPO registration Financial data

Cover Page

Cover Page	3 Months Ended
	Mar. 31, 2024
Document Information [Line Items]
Document Type	S-1
Amendment Flag	false
Entity Registrant Name	Lionsgate Studios Corp.
Entity Central Index Key	0002006191
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Address, Address Line One	250 Howe Street, 20th Floor
Entity Address, Address Line Two	Vancouver
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V6C 3R8
City Area Code	877
Local Phone Number	848-3866
Entity Incorporation, State or Country Code	Z4
Entity Primary SIC Number	7812
Entity Tax Identification Number	00-0000000
Business Contact [Member]
Document Information [Line Items]
Entity Address, Address Line One	2700 Colorado Avenue
Entity Address, City or Town	Santa Monica
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90404
City Area Code	877
Local Phone Number	848-3866
Contact Personnel Name	Bruce Tobey

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash		$ 437,163	$ 999,152		$ 117,696
Prepaid expenses		78,082	158,142		581,784
Total current assets		515,245	1,157,294		699,480
Cash/investments held in Trust Account		804,228,813	794,750,266		759,712,942
Total assets		804,744,058	795,907,560		760,412,422
Current liabilities:
Accounts payable and accrued expenses		6,458,295	3,695,499		338,004
PIPE with reduction right liability	[1]	19,399,127	18,253,010		0
Total current liabilities		25,857,422	21,948,509		338,004
Warrant liability		234,667	469,333		3,285,333
Deferred underwriting compensation		8,925,000	26,250,000		26,250,000
Total liabilities		35,017,089	48,667,842		29,873,337
Commitments and contingencies
Class A ordinary shares subject to possible redemption; 75,000,000 and 75,000,000 shares at $10.72 and $10.60 redemption value at March 31, 2024 and December 31, 2023, respectively		804,128,813	794,650,266		756,862,942
Shareholders' deficit:
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding		0	0		0
Additional paid-in capital		0	0		0
Accumulated deficit		(34,403,719)	(47,412,423)		(26,325,732)
Accumulated other comprehensive income		96,700,000		$ 101,500,000
Total shareholders' deficit		(34,401,844)	(47,410,548)	(26,395,037)	(26,323,857)
Total liabilities and shareholders' deficit		804,744,058	795,907,560		760,412,422
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Current assets:
Cash		277,000,000		210,900,000
Accounts receivable, net		688,600,000		527,000,000
Other current assets		373,100,000		256,500,000
Total current assets		1,372,100,000		1,152,000,000
Investment in films and television programs, net		1,929,000,000		1,786,700,000
Property and equipment, net		37,300,000		23,800,000
Investments		74,800,000		64,700,000
Intangible assets, net		25,700,000		26,900,000
Goodwill		811,200,000		795,600,000
Other assets		852,900,000		563,000,000
Total assets		5,103,000,000		4,412,700,000
Current liabilities:
Accounts payable		246,700,000		251,100,000
Content related payables		41,400,000		26,600,000
Other accrued liabilities		282,400,000		215,400,000
Participations and residuals		647,800,000		524,400,000
Film related obligations		1,393,100,000		923,700,000
Debt—short term portion		860,300,000		41,400,000
Deferred revenue		170,600,000		126,200,000
Total current liabilities		3,642,300,000		2,108,800,000
Debt		923,000,000		1,202,200,000
Participations and residuals		435,100,000		329,600,000
Film related obligations		544,900,000		1,016,400,000
Other liabilities		452,500,000		120,900,000
Deferred revenue		118,400,000		52,000,000
Deferred tax liabilities		13,700,000		18,100,000
Total liabilities		6,129,900,000		4,848,000,000
Commitments and contingencies
Redeemable noncontrolling interests		123,300,000		343,600,000
Shareholders' deficit:
Parent net investment		(1,249,100,000)		(881,900,000)
Accumulated other comprehensive income		96,700,000		101,500,000
Total shareholders' deficit		(1,152,400,000)		(780,400,000)
Noncontrolling interests		2,200,000		1,500,000
Total equity (deficit)		(1,150,200,000)		(778,900,000)
Total liabilities and shareholders' deficit		5,103,000,000		4,412,700,000
Starz Business [Member] | STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Current assets:
Due from Starz Business (Note 18)		33,400,000		$ 157,600,000
Common Class A [Member]
Shareholders' deficit:
Common Stock		0	0		0
Common Class B [Member]
Shareholders' deficit:
Common Stock		$ 1,875	$ 1,875		$ 1,875
[1]Equity linked contract that is classified as a liability given potential for variable share settlement at close of the Business Combination. PIPE reflects common equity in the pro forma, combined company post-close of the Business Combination with StudioCo (Note 10).

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 09, 2024	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Feb. 19, 2022	Dec. 31, 2021	Dec. 13, 2021	Nov. 05, 2021
Temporary Equity, Shares Outstanding		75,000,000	75,000,000	75,000,000
Temporary Equity, Redemption Price Per Share	$ 10.74	$ 10.72	$ 10.6	$ 10.09
Preferred Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized		1,000,000	1,000,000	1,000,000
Preferred Stock, Shares Issued		0	0	0		0
Preferred Stock, Shares Outstanding		0	0	0		0
Common Class A [Member]
Temporary Equity, Shares Outstanding		75,000,000	75,000,000	75,000,000
Temporary Equity, Redemption Price Per Share		$ 10.72	$ 10.6
Common Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized		400,000,000	400,000,000	400,000,000
Common Stock, Shares, Issued		0	0	0		0
Common Stock, Shares, Outstanding		0	0	0		0
Common Class B [Member]
Common Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized		80,000,000	80,000,000	80,000,000
Common Stock, Shares, Issued		18,750,000	18,750,000	18,750,000			4,312,500	17,250,000
Common Stock, Shares, Outstanding		18,750,000	18,750,000	18,750,000	18,750,000			17,250,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	2 Months Ended		3 Months Ended		12 Months Ended
	Dec. 31, 2021		Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Dec. 31, 2023		Mar. 31, 2023	Dec. 31, 2022		Mar. 31, 2022
Revenues:
PIPE with reduction right expense	$ 0					$ 18,797,300			$ 0
Expenses:
General and administrative	5,000		$ 3,404,845,000,000	$ 540,513,000,000		5,649,682			1,628,308
Loss from operations	(5,000)		(3,404,845)	(540,513)		(24,446,982)			(1,628,308)
Other income (expense):
Interest from investments held in Trust Account	0		9,478,547	8,079,826		37,787,325			9,962,942
Allocation of offering costs to warrant liability	0					0			(20,182)
Change in fair value of warrant liability	0		234,666	469,333		2,816,000			14,197,333
Change in fair value of PIPE with reduction right liability	0		(1,146,117)	0		544,290			0
Net income (loss)	(5,000)					16,700,633			22,511,785
Net income	$ (5,000)		5,162,251	8,008,646		16,700,633			22,511,785
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Revenues:
Revenue					$ 2,986,400,000			$ 3,083,800,000			$ 2,716,300,000
Expenses:
Direct operating					1,886,700,000			2,207,900,000			1,922,100,000
Distribution and marketing					462,300,000			304,200,000			315,200,000
General and administrative					349,200,000			387,000,000			342,700,000
Depreciation and amortization					15,600,000			17,900,000			18,100,000
Restructuring and other					132,900,000			27,200,000			6,300,000
Total expenses					2,846,700,000			2,944,200,000			2,604,400,000
Loss from operations					139,700,000			139,600,000			111,900,000
Other income (expense):
Interest expense					(222,500,000)			(162,600,000)			(115,000,000)
Interest and other income					19,200,000			6,400,000			28,000,000
Other expense					(20,000,000)			(21,200,000)			(8,600,000)
Loss on extinguishment of debt					(1,300,000)	(1,300,000)		(1,300,000)			(3,400,000)
Gain on investments, net					3,500,000	44,000,000		44,000,000			1,300,000
Equity interests income (loss)					8,700,000	500,000		500,000			(3,000,000)
Income (loss) before income taxes					(72,700,000)			5,400,000			11,200,000
Income tax provision					(34,200,000)			(14,300,000)			(17,300,000)
Net income (loss)					(106,900,000)	(8,900,000)		(8,900,000)			(6,100,000)
Less: Net loss attributable to noncontrolling interests					13,400,000			8,600,000			17,200,000
Net income					(93,500,000)			(300,000)			11,100,000
Related Party [Member] | STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Revenues:
Revenue					545,900,000			775,500,000			648,200,000
Expenses:
Direct operating					5,000,000			8,300,000			6,500,000
Distribution and marketing					800,000			400,000			200,000
Other income (expense):
Interest and other income					0			0			3,000,000
Nonrelated Party [Member] | STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Revenues:
Revenue					$ 2,440,500,000			$ 2,308,300,000			$ 2,068,100,000
Common Class A [Member]
Other income (expense):
Net income			$ 4,129,801	$ 6,406,917		$ 13,360,506			$ 17,918,827
Weighted average number of ordinary shares	0		75,000,000	75,000,000		75,000,000			73,150,685
Basic net income per ordinary share	$ 0		$ 0.06	$ 0.09		$ 0.18			$ 0.24
Diluted net income per ordinary share	$ 0		$ 0.06	$ 0.09		$ 0.18			$ 0.24
Common Class B [Member]
Other income (expense):
Net income	$ (5,000)		$ 1,032,450	$ 1,601,729		$ 3,340,127			$ 4,592,958
Weighted average number of ordinary shares	18,750,000	[1]	18,750,000	18,750,000		18,750,000	[1]		18,750,000	[1]
Basic net income per ordinary share	$ 0		$ 0.06	$ 0.09		$ 0.18			$ 0.24
Diluted net income per ordinary share	$ 0		$ 0.06	$ 0.09		$ 0.18			$ 0.24
[1]Shares have been retroactively adjusted to reflect the issuance of 4,312,500 Class B ordinary shares in a share recapitalization on December 13, 2021 and the surrender of 2,812,500 Class B ordinary shares for no consideration on February 19, 2022 (Note 5).

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - Common Class B [Member] - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Feb. 19, 2022	Dec. 31, 2021	Dec. 13, 2021	Nov. 05, 2021
Common Stock, Shares, Issued	18,750,000	18,750,000	18,750,000			4,312,500	17,250,000
Common Stock, Shares, surrender				2,812,500
Common Stock, shares surrender, value				$ 0	$ 13

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Net loss	$ (106,900,000)	$ (8,900,000)	$ (6,100,000)
Foreign currency translation adjustments, net of tax	(1,000,000)	(2,200,000)	(4,600,000)
Net unrealized gain (loss) on cash flow hedges, net of tax	(3,800,000)	93,500,000	117,200,000
Comprehensive income (loss)	(111,700,000)	82,400,000	106,500,000
Less: Comprehensive loss attributable to noncontrolling interests	13,400,000	8,600,000	17,200,000
Comprehensive income (loss) attributable to Parent	$ (98,300,000)	$ 91,000,000	$ 123,700,000

Consolidated Statements of Chan

Consolidated Statements of Changes In Shareholders' Deficit - USD ($)		Total	STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] Parent Company [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Parent Net Investment [Member] STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] Parent Company [Member]	Accumulated Other Comprehensive Income (Loss) [Member] STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] Parent Company [Member]	Non-controlling Interests (a) [Member] STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	[1]	Common Class A [Member]	Common Class A [Member] Ordinary Shares [Member]	Common Class B [Member]	Common Class B [Member] Ordinary Shares [Member]
Beginning balance, Amount at Mar. 31, 2021			$ (235,300,000)	$ (236,900,000)			$ (134,500,000)	$ (102,400,000)	$ 1,600,000
Net transfers to/from parent			(49,500,000)	(49,500,000)			(49,500,000)
Noncontrolling interests			(300,000)						(300,000)
Redeemable noncontrolling interests adjustment to redemption value			(98,600,000)	(98,600,000)			(98,600,000)
Other comprehensive income (loss)			112,600,000	112,600,000				112,600,000
Net income (loss)			11,100,000	11,100,000			11,100,000		500,000
Ending balance, Amount at Mar. 31, 2022			(259,500,000)	(261,300,000)			(271,500,000)	10,200,000	1,800,000
Beginning balance, Shares at Nov. 02, 2021												0		0
Beginning balance, Amount at Nov. 02, 2021		$ 0			$ 0	$ 0						$ 0		$ 0
Stock issued during period Value	[2]	25,000			22,844									$ 2,156
Stock issued during period shares	[2]													21,562,500
Net income (loss)		(5,000)				(5,000)							$ (5,000)
Ending balance, Shares at Dec. 31, 2021												0		21,562,500
Ending balance, Amount at Dec. 31, 2021		20,000			22,844	(5,000)						$ 0		$ 2,156
Forfeiture of Class B shares, Shares	[3]													(2,812,500)
Forfeiture of Class B shares, Amount	[3]				281									$ (281)
Cash received in excess of fair value of private warrants		117,334			117,334
Fair value of public warrants at issuance		36,750,000			36,750,000
Accretion of Class A ordinary shares subject to possible redemption		(85,722,976)			(36,890,459)	(48,832,517)
Net income (loss)		22,511,785				22,511,785					$ 17,918,827		4,592,958
Ending balance, Shares at Dec. 31, 2022												0		18,750,000
Ending balance, Amount at Dec. 31, 2022		(26,323,857)			0	(26,325,732)						$ 0		$ 1,875
Net transfers to/from parent			(550,400,000)	(550,400,000)			(550,400,000)
Noncontrolling interests			(900,000)						(900,000)
Redeemable noncontrolling interests adjustment to redemption value			(59,700,000)	(59,700,000)			(59,700,000)
Other comprehensive income (loss)			91,300,000	91,300,000				91,300,000
Net income (loss)			(300,000)	(300,000)			(300,000)		600,000
Ending balance, Shares at Mar. 31, 2023												0		18,750,000
Ending balance, Amount at Mar. 31, 2023		(26,395,037)	(780,400,000)		0	(26,396,912)						$ 0		$ 1,875
Ending balance, Amount at Mar. 31, 2023			(778,900,000)	(780,400,000)			(881,900,000)	101,500,000	1,500,000
Beginning balance, Shares at Dec. 31, 2022												0		18,750,000
Beginning balance, Amount at Dec. 31, 2022		(26,323,857)			0	(26,325,732)						$ 0		$ 1,875
Accretion of Class A ordinary shares subject to possible redemption		(8,079,826)			0	(8,079,826)
Net income (loss)		8,008,646				8,008,646					6,406,917		1,601,729
Ending balance, Shares at Mar. 31, 2023												0		18,750,000
Ending balance, Amount at Mar. 31, 2023		(26,395,037)	(780,400,000)		0	(26,396,912)						$ 0		$ 1,875
Ending balance, Amount at Mar. 31, 2023			(778,900,000)	(780,400,000)			(881,900,000)	101,500,000	1,500,000
Beginning balance, Shares at Dec. 31, 2022												0		18,750,000
Beginning balance, Amount at Dec. 31, 2022		(26,323,857)			0	(26,325,732)						$ 0		$ 1,875
Accretion of Class A ordinary shares subject to possible redemption		(37,787,324)				(37,787,324)
Net income (loss)		16,700,633				16,700,633					13,360,506		3,340,127
Ending balance, Shares at Dec. 31, 2023												0		18,750,000
Ending balance, Amount at Dec. 31, 2023		(47,410,548)			0	(47,412,423)						$ 0		$ 1,875
Beginning balance, Shares at Mar. 31, 2023												0		18,750,000
Beginning balance, Amount at Mar. 31, 2023		(26,395,037)	(780,400,000)		0	(26,396,912)						$ 0		$ 1,875
Net transfers to/from parent			(239,500,000)	(239,500,000)			(239,500,000)
Noncontrolling interests			(800,000)						(800,000)
Redeemable noncontrolling interests adjustment to redemption value			(34,200,000)	(34,200,000)			(34,200,000)
Other comprehensive income (loss)			(4,800,000)	(4,800,000)				(4,800,000)
Net income (loss)			(93,500,000)	(93,500,000)			(93,500,000)		1,500,000
Ending balance, Shares at Mar. 31, 2024												0		18,750,000
Ending balance, Amount at Mar. 31, 2024		(34,401,844)	(1,152,400,000)		0	(34,403,719)						$ 0		$ 1,875
Ending balance, Amount at Mar. 31, 2024			(1,150,200,000)	(1,152,400,000)			(1,249,100,000)	96,700,000	2,200,000
Beginning balance, Shares at Dec. 31, 2023												0		18,750,000
Beginning balance, Amount at Dec. 31, 2023		(47,410,548)			0	(47,412,423)						$ 0		$ 1,875
Waiver of offering costs allocated to Class A ordinary shares subject to possible redemption		17,325,000				17,325,000
Accretion of Class A ordinary shares subject to possible redemption		(9,478,547)				(9,478,547)
Net income (loss)		5,162,251				5,162,251					$ 4,129,801		$ 1,032,450
Ending balance, Shares at Mar. 31, 2024												0		18,750,000
Ending balance, Amount at Mar. 31, 2024		$ (34,401,844)	(1,152,400,000)		$ 0	$ (34,403,719)						$ 0		$ 1,875
Ending balance, Amount at Mar. 31, 2024			$ (1,150,200,000)	$ (1,152,400,000)			$ (1,249,100,000)	$ 96,700,000	$ 2,200,000
[1]Excludes redeemable noncontrolling interests, which are reflected in temporary equity (see Note 11).[2]Reflects the issuance of 4,312,500 Class B ordinary shares in a share recapitalization on December 13, 2021 (Note 5).[3]Reflects the surrender of 2,812,500 of Class B ordinary shares for no consideration on February 19, 2022 (Note 5).

Consolidated Statements of Ch_2

Consolidated Statements of Changes In Shareholders' Deficit (Parenthetical) - Common Class B [Member] - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Feb. 19, 2022	Dec. 31, 2021	Dec. 13, 2021	Nov. 05, 2021
Common Stock, Shares, Issued	18,750,000	18,750,000	18,750,000			4,312,500	17,250,000
Common Stock, shares, surrender				2,812,500
Common Stock, shares surrender, value				$ 0	$ 13
Common Stock [Member]
Sale of Stock, Price Per Share					$ 0.0014

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	2 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ (5,000)	$ 5,162,251	$ 8,008,646		$ 16,700,633		$ 22,511,785
Net income (loss)	(5,000)				16,700,633		22,511,785
Adjustments to reconcile net income to net cash used in operating activities:
Formation expenses paid by sponsor in exchange for Class B ordinary shares	5,000				0		0
Interest income from investments held in Trust Account	0	(9,478,547)	(8,079,826)		(37,787,325)		(9,962,942)
Change in fair value of warrant liability	0	(234,666)	(469,333)		(2,816,000)		(14,197,333)
Change in fair value of PIPE with reduction right liability	0	1,146,117	0		(544,290)		0
PIPE with reduction right expense	0				18,797,300		0
Warrant issuance transaction costs	0				0		20,182
Changes in operating assets and liabilities:
Prepaid expenses	0	80,060	82,583		423,643		(581,784)
Accounts payable and accrued expenses	0	2,762,796	162,754		3,357,495		338,004
Net cash used in operating activities	0	(561,989)	(295,176)		(1,868,544)		(1,872,088)
Cash flows from investing activities:
Principal deposited in Trust Account	0				0		(750,000,000)
Cash withdrawn from Trust Account for working capital	0	0	250,000		2,750,000		250,000
Net cash provided by investing activities	0	0	250,000		2,750,000		(749,750,000)
Cash flows from financing activities:
Proceeds from private placement of warrants	0				0		17,600,000
Proceeds from sale of units in initial public offering	0				0		750,000,000
Payment of underwriters' discount	0				0		(15,000,000)
Payment of offering costs	0				0		(545,679)
Repayment of advances from Sponsor	0				0		(14,537)
Repayment of promissory note - related party	0				0		(300,000)
Net cash provided by financing activities	0				0		751,739,784
Net change in cash	0	(561,989)	(45,176)		881,456		117,696
Cash at beginning of period	0	999,152	117,696	$ 72,520	117,696		0
Cash at end of period	0	437,163	72,520	437,163	999,152	$ 72,520	117,696
Supplemental disclosure of non-cash investing and financing activities:
Deferred underwriting fee payable	0				0		26,250,000
Forfeiture of Class B shares for no consideration	0				0		281
Offering costs paid by Sponsor in exchange for Class B ordinary shares	20,000
Deferred offering costs paid through Advance from Sponsor	14,537
Deferred offering costs paid through Promissory Note—Related Party	300,000
Deferred offering costs included in accrued expenses	$ 453,401
Waiver of portion of deferred underwriting fee payable for no consideration		17,325,000	0
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Cash flows from operating activities:
Net income				(93,500,000)		(300,000)		$ 11,100,000
Net income (loss)				(106,900,000)	(8,900,000)	(8,900,000)		(6,100,000)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization				15,600,000	17,900,000			18,100,000
Amortization of films and television programs				1,347,800,000	1,649,300,000			1,497,500,000
Content and other impairments				12,800,000	5,900,000			0
Amortization of debt financing costs and other non-cash interest				25,100,000	21,800,000			46,500,000
Non-cash share-based compensation				62,500,000	73,400,000			70,200,000
Other amortization				46,000,000	59,900,000			82,500,000
Loss on extinguishment of debt				1,300,000	1,300,000	1,300,000		3,400,000
Equity interests (income) loss				(8,700,000)	(500,000)	(500,000)		3,000,000
Gain on investments, net				(3,500,000)	(44,000,000)	(44,000,000)		(1,300,000)
Deferred income taxes				(4,400,000)	1,600,000			1,200,000
Non-cash charge from the modification of an equity award (see Note 11)				49,200,000	0			0
Changes in operating assets and liabilities:
Accounts payable and accrued expenses				(48,800,000)	57,400,000			(40,600,000)
Proceeds from the termination of interest rate swaps				0	188,700,000			0
Accounts receivable, net				84,900,000	(136,700,000)			(33,000,000)
Investment in films and television programs, net				(1,120,500,000)	(1,568,400,000)			(1,750,100,000)
Other assets				16,500,000	(44,900,000)			(207,000,000)
Participations and residuals				26,800,000	138,300,000			(73,400,000)
Content related payables				(24,500,000)	(10,700,000)			4,000,000
Deferred revenue				3,200,000	(24,500,000)			(4,800,000)
Due from Starz Business				114,500,000	(30,800,000)			(45,100,000)
Net cash used in operating activities				488,900,000	346,100,000			(435,000,000)
Cash flows from investing activities:
Purchase of eOne, net of cash acquired (see Note 2)				(331,100,000)	0			0
Proceeds from the sale of equity method and other investments				5,200,000	46,300,000			1,500,000
Investment in equity method investees and other				(13,300,000)	(17,500,000)			(14,000,000)
Distributions from equity method investees and other				800,000	1,900,000			7,200,000
Acquisition of assets (film library and related assets)				0	0			(161,400,000)
Increase in loans receivable				(3,700,000)	0			(4,300,000)
Purchases of accounts receivables held for collateral				(85,500,000)	(183,700,000)			(172,900,000)
Receipts of accounts receivables held for collateral				105,700,000	190,800,000			169,300,000
Capital expenditures				(9,900,000)	(6,500,000)	(6,500,000)		(6,100,000)
Net cash provided by investing activities				(331,800,000)	31,300,000			(180,700,000)
Cash flows from financing activities:
Debt - borrowings, net of debt issuance and redemption costs				3,145,000,000	1,523,000,000			1,494,300,000
Debt - repurchases and repayments				(2,611,400,000)	(1,745,800,000)			(1,629,500,000)
Film related obligations - borrowings				1,820,800,000	1,584,700,000			1,083,000,000
Film related obligations - repayments				(1,942,900,000)	(956,500,000)			(272,600,000)
Settlement of financing component of interest rate swaps				0	(134,500,000)			(28,500,000)
Purchase of noncontrolling interest				(194,600,000)	(36,500,000)			0
Distributions to noncontrolling interest				(1,700,000)	(7,600,000)			(1,500,000)
Parent net investment				(290,100,000)	(621,300,000)			(119,700,000)
Net cash provided by financing activities				(74,900,000)	(394,500,000)			644,200,000
Net Change In Cash, Cash Equivalents and Restricted Cash				82,200,000	(17,100,000)			28,500,000
Net change in cash				800,000	(1,800,000)			(800,000)
Cash at beginning of period		251,400,000	270,300,000	251,400,000	270,300,000	389,000,000		361,300,000
Cash at end of period		$ 334,400,000	$ 251,400,000	$ 334,400,000	$ 251,400,000	$ 251,400,000	$ 270,300,000	$ 389,000,000

Organization and Plan of Busine

Organization and Plan of Business Operations	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Plan of Business Operations	NOTE 1-ORGANIZATION Screaming Eagle Acquisition Corp. (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on November 3, 2021. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (“Business Combination”). Although the Company is not limited to a particular industry or geographic region for purposes of completing a Business Combination, the Company intends to capitalize on the ability of its management team to identify and combine with a business or businesses that can benefit from its management team’s established global relationships and operating experience. The Company is an early stage company, and, as such, the Company is subject to all of the risks associated with early stage companies. As of March 31, 2024, the Company had not commenced any operations. All activity for the period from November 3, 2021 (inception) through March 31, 2024 relates to the Company’s formation and the initial public offering (“Initial Public Offering”), which is described below and activities related to pursuing merger opportunities. The Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company generates non-operating The registration statement for the Company’s Initial Public Offering was declared effective on January 5, 2022. On January 10, 2022, the Company consummated its Initial Public Offering of 75,000,000 units (the “Units”). Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Shares” or “Public Shares”), and one-third Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 11,733,333 warrants (the “private placement warrants”) at a price of $1.50 per private placement warrant to the Eagle Equity Partners V, LLC (the “Sponsor”), generating gross proceeds of $17,600,000 (the “Private Placement”), which is described in Note 4. Transaction costs amounted to $42,130,216, consisting of $15,000,000 of underwriting fees, $26,250,000 of deferred underwriting fees and $880,216 of other offering costs. Following the closing of the Initial Public Offering and the Private Placement, $ 750,000,000 ($ 10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and certain proceeds from the sale of the private placement warrants was placed in a trust account (the “Trust Account”). The proceeds held in the Trust Account were invested in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended (the “Investment Company Act”), which invest only in direct U.S. government treasury obligations. On January 26, 2024, the Company amended the trust agreement governing the Trust Account to permit Continental Stock Transfer & Trust Company (the “Trustee ”) the Trust Account, the remaining proceeds from the initial public offering and the sale of the private placement warrants are no longer invested in U.S. government securities or money market funds. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the private placement warrants, although substantially all of the net proceeds are intended to be applied generally toward completing a Business Combination. The Company must complete one or more Business Combinations with having an aggregate fair market value equal to at least 80% of the net assets held in the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes payable on the income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. The Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the issued and outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a Business Combination. The Company will provide its shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a general meeting called to approve the Business Combination or (ii) without a shareholder vote by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company. The shareholders will be entitled to redeem their shares for a pro rata portion of the amount held in the Trust Account (which, as of March 31, 2024, was approximately $ 10.72 per share), calculated as of two business days prior to the completion of a Business Combination, including any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to fund its working capital requirements (subject to an aggregate limit of $ 3,000,000 ) and to pay its tax obligations. There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants. The Class A Ordinary Shares will be recorded at redemption value and classified as temporary equity upon the completion of the Initial Public Offering, in accordance with Accounting Standards Codification (“ASC”) Topic 480, “Distinguishing Liabilities from Equity.” If the Company seeks shareholder approval, the Company will complete a Business Combination only if it receives an ordinary resolution under Cayman Islands law approving a Business Combination, which requires the affirmative vote of a majority of the Company’s ordinary shares which are represented in person or by proxy and are voted at a general meeting of the Company. If a shareholder vote is not required under applicable law or stock exchange listing requirements and the Company does not decide to hold a shareholder vote for business or other reasons, the Company will, pursuant to its Articles (as defined below), conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing a Business Combination. If the Company seeks shareholder approval in connection with a Business Combination, the Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased in or after the Initial Public Offering in favor of approving a Business Combination and to waive its redemption rights with respect to any such shares in connection with a shareholder vote to approve a Business Combination. Additionally, each public shareholder may elect to redeem its Public Shares, without voting, and if they do vote, irrespective of whether they vote for or against a proposed Business Combination. Notwithstanding the foregoing, if the Company seeks shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the Articles provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 20% of the Public Shares without the Company’s prior written consent. The Sponsor and the Company’s officers and directors have agreed (a) to waive its redemption rights with respect to any Founder Shares and Public Shares held by it in connection with the completion of a Business Combination and (b) not to propose an amendment to the Articles (i) to modify the substance or timing of the Company’s obligation to redeem % of the Public Shares if the Company does not complete a Business Combination within the Completion Window (as defined below) or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial Under the Articles, the Company has until June 15, 2024, to close its initial Business Combination (the “Completion Window”). If the Company is unable to complete a Business Combination within the Completion Window, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than 10 business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share The Sponsor and the Company’s officers and directors have agreed to waive its liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Completion Window. However, if the Sponsor acquires Public Shares in or after the Initial Public Offering, such Public Shares will be entitled to liquidating distributions from the Trust Account if the Company fails to complete a Business Combination within the Completion Window. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 7) held in the Trust Account in the event the Company does not complete a Business Combination within the Completion Window and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering price per Unit ($10.00). The Sponsor has agreed that it will be liable to the Company, if and to the extent any claims by a third party for services rendered or products sold to the Company, or by a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (1) $ per Public Share and (2) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $ per Public Share due to reductions in the value of trust assets, less taxes payable. This liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (other than the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Subsidiaries In connection with the Lionsgate Business Combination (as defined below) with Lions Gate Entertainment Corp., a British Columbia company (“Lions Gate Parent”), the Company formed SEAC II Corp. (“New SEAC”), a Cayman Islands exempted company and 1455941 B.C. Unlimited Liability Company (“New BC Sub”), a British Columbia unlimited liability company, both of which are direct, wholly owned subsidiaries of the Company. In addition, the Company formed SEAC MergerCo (“MergerCo”) a Cayman Islands exempted company and a direct, wholly owned subsidiary of New SEAC. New SEAC, New BC Sub, and MergerCo did not have any activity as of March 31, 2024, and they have not engaged in any operations or generated operating revenues to date. Business Combination with LG Orion Holdings ULC On December 22, 2023, the Company, New SEAC, Lions Gate Parent, LG Sirius Holdings ULC, a British Columbia unlimited liability company and a wholly owned subsidiary of Lions Gate Parent (“Studio HoldCo”), LG Orion Holdings ULC, a British Columbia unlimited liability company and a wholly owned subsidiary of Lions Gate Parent (“StudioCo”), MergerCo and New BC Sub, entered into the Business Combination Agreement, pursuant to which, among other things and subject to the terms and conditions contained in the Business Combination Agreement (as amended on April 11, 2024 and as may be amended, supplemented or otherwise modified from time to time, the “Business Combination Agreement”) and the plan of arrangement (the “Plan of Arrangement”), (i) SEAC will merge with and into MergerCo (the “SEAC Merger”) with MergerCo surviving the SEAC Merger as a direct, wholly-owned subsidiary of New SEAC (the resulting entity referred to herein as MergerCo or, where specified, the “SEAC Merger Surviving Company”), (ii) SEAC Merger Surviving Company will distribute all of its assets lawfully available for distribution to New SEAC by way of a cash dividend, (iii) SEAC Merger Surviving Company will transfer by way of continuation from the Cayman Islands to British Columbia in accordance with the Cayman Islands Companies Act (as revised) (the “Companies Act”) and the Business Corporations Act (British Columbia) (the “BC Act”) and convert to a British Columbia unlimited liability company in accordance with the applicable provisions of the BC Act, (iv) New SEAC will transfer by way of continuation from the Cayman Islands to British Columbia in accordance with the Companies Act and the BC Act and continue as a British Columbia company in accordance with the applicable provisions of the BC Act, and (v) pursuant to an arrangement under Division 5 of Part 9 of the BC Act (the “Arrangement”) on the terms and subject to the conditions set forth in the Plan of Arrangement, (A) SEAC Merger Surviving Company and New BC Sub will amalgamate (the “MergerCo Amalgamation”) to form one corporate entity (“MergerCo Amalco”), in accordance with the terms of, and with the attributes and effects set out in, the Plan of Arrangement, (B) New SEAC and MergerCo Amalco will amalgamate (the “SEAC Amalgamation”) to form one corporate entity (“SEAC Amalco”), in accordance with the terms of, and with the attributes and effects set out in, the Plan of Arrangement and (C) StudioCo and SEAC Amalco will amalgamate (the “StudioCo Amalgamation” and together with the MergerCo Amalgamation and the SEAC Amalgamation, the “Amalgamations”) to form one corporate entity (“Pubco”), in accordance with the terms of, and with the attributes and effects set out in, the Plan of Arrangement. The Arrangement is subject to the approval by the Supreme Court of British Columbia under the BC Act. The transaction contemplated by the Business Combination Agreement, the Plan of Arrangement and all other agreements, certificates and instruments entered into in connection therewith, are referred to herein as the “Lionsgate Business Combination.” Extension On April 9, 2024, the Company held an extraordinary general meeting of its shareholders (the “Extension Meeting”), at which the Company received approval to amend its Amended and Restated Memorandum and Articles of Association (as amended, the “Articles”) to, among other things, extend the date by which the Company must consummate a Business Combination from April 10, 2024 to June 15, 2024. In connection with the Extension Meeting, holders of 57,824,777 Public Shares properly exercised their right to redeem such shares for cash at a redemption price of approximately $10.74 per share, representing an aggregate of approximately $620.8 million. After the satisfaction of such redemptions, the balance in the Trust Account was approximately $184.4 million. Liquidity and Going Concern As of March 31, 2024, the Company had an unrestricted cash balance of $ , cash held in the Trust Account of $ and a working capital . The Company’s liquidity needs had been satisfied prior to the completion of the Initial Public Offering through receipt of a $ capital contribution from the Sponsor in exchange for the issuance of the Founder Shares and a $ loan from the Sponsor, which was paid in full on January 11, 2022. The Company’s working capital needs have been satisfied through the funds held outside of the Trust Account from the Initial Public Offering. In addition, the Company withdrew interest earned on Trust Account to fund the Company’s working capital requirements (subject to an aggregate maximum release of , which was reached as of December 31, 2023). The Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required. Up to $ of such loans may be convertible into warrants of the post-Business Combination entity at a price of $ per warrant at the option of the lender. Such warrants would be identical to the private placement warrants. The terms of such loans have not been determined , While the Company had a working capital deficiency of $ 25,342,177 as of March 31, 2024, most of its current liabilities are not expected to be repaid from current assets. For example, $ 19,399,127 of the total current liabilities is related to the private investments in public equities (“PIPE”) non-cash item and is not expected to be repaid from current assets. Of the remaining $ 6,458,295 in accounts payable and accrued expenses, $ 5,983,947 is related to accrued legal expenses that are payable at the closing of the Lionsgate Business Combination and are not expected to be repaid from current assets. The Company is a Special Purpose Acquisition Corporation with a Completion Window of June 15, 2024. Although the Company plans to complete the transaction before the Completion Window, there can be no assurance that the Company will be able to consummate a business combination by June 15, 2024. In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2014-15, No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after June 15, 2024. Management plans to consummate a Business Combination prior to June 15, 2024; however, there can be no assurance that one will be completed.	Note 1-Organization Screaming Eagle Acquisition Corp. (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on November 3, 2021. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (“Business Combination”). Although the Company is not limited to a particular industry or geographic region for purposes of completing a Business Combination, the Company intends to capitalize on the ability of its management team to identify and combine with a business or businesses that can benefit from its management team’s established global relationships and operating experience. The Company is an early stage company and, as such, the Company is subject to all of the risks associated with an early stage company. As of December 31, 2023, the Company had not commenced any operations. All activity for the period from November 3, 2021 (inception) through December 31, 2023 relates to the Company’s formation and the initial public offering (“initial public offering”), which is described below, and activities related to pursuing initial business combination opportunities. The Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company generates non-operating income in the form of interest income on the proceeds derived from the initial public offering. The registration statement for the Company’s initial public offering was declared effective on January 5, 2022. On January 10, 2022, the Company consummated its initial public offering of one-third Simultaneously with the closing of the initial public offering, the Company consummated the sale of Transaction costs amounted to $42,130,216, consisting of $15,000,000 of underwriting fees, $26,250,000 of deferred underwriting fees and $880,216 of other offering costs. Following the closing of the initial public offering and the Private Placement, $750,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the initial public offering and certain proceeds from the sale of the private placement warrants was placed in a trust account (the “Trust Account”). The proceeds held in the Trust Account were invested in U.S. government treasury obligations with a maturity of 2a-7 The Company’s management has broad discretion with respect to the specific application of the net proceeds of the initial public offering and the sale of the private placement warrants, although substantially all of the net proceeds are intended to be applied generally toward completing a Business Combination. The Company must complete one or more Business Combinations with having an aggregate fair market value equal to at least % of the net assets held in the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes payable on the income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. The Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the issued and outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a per share), calculated as of two business days prior to the completion of Business Combination, including any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to fund its working capital requirements (subject to an aggregate limit of 3,000,000) and to pay its tax obligations. There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants. The Class A ordinary shares will be recorded at redemption value and classified as temporary equity upon the completion of the initial public offering, in accordance with Accounting Standards Codification (“ASC”) Topic 480, “Distinguishing Liabilities from Equity.” If the Company seeks shareholder approval, the Company will complete a Business Combination only if it receives an ordinary resolution under Cayman Islands law approving a Business Combination, which requires the affirmative vote of a majority of the Company’s ordinary shares which are represented in person or by proxy and are voted at a general meeting of the Company. If a shareholder vote is not required under applicable law or stock exchange listing requirements and the Company does not decide to hold a shareholder vote for business or other reasons, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing a Business Combination. If the Company seeks shareholder approval in connection with a Business Combination, the Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased in or after the initial public offering in favor of approving a Business Combination and to waive its redemption rights with respect to any such shares in connection with a shareholder vote to approve a Business Combination. However, in no event will the Company redeem its Public Shares in an amount that would cause its net tangible assets to be less than $ Notwithstanding the foregoing, if the Company seeks shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the Company’s Amended and Restated Memorandum and Articles of Association provides that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of The Sponsor and the Company’s officers and directors have agreed (a) to waive its redemption rights with respect to any Founder Shares and Public Shares held by it in connection with the completion of a Business Combination and (b) not to propose an amendment to the Amended and Restated Memorandum and Articles of Association (i) to modify the substance or timing of the Company’s obligation to redeem pre-initial Under the Amended and Restated Memorandum and Articles of Association, the Company has 27 months from the closing of the initial public offering, or until April 10, 2024, to close its initial Business Combination because it executed a definitive agreement for its initial Business Combination within 24 months from the closing of the initial public offering (the “Completion Window”). If the Company is unable to complete a Business Combination within the Completion Window and does not further extend such date with the approval of its shareholders, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than 10 business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share The Sponsor and the Company’s officers and directors have agreed to waive its liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Completion Window. However, if the Sponsor acquires Public Shares in or after the initial public offering, such Public Shares will be entitled to liquidating distributions from the Trust Account if the Company fails to complete a Business Combination within the Completion Window. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 7) held in the Trust Account in the event the Company does not complete a Business Combination within the Completion Window and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the initial public offering price per Unit ($10.00). The Sponsor has agreed that it will be liable to the Company, if and to the extent any claims by a third party for services rendered or products sold to the Company, or by a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (1) $10.00 per Public Share and (2) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per Public Share due to reductions in the value of trust assets, less taxes payable. This liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account nor will it apply to any claims under the Company’s indemnity of the underwriters of the initial public offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (other than the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Subsidiaries In connection with the Business Combination with LG Orion Holdings ULC (“Lions Gate”), the Company formed SEAC II Corp. (“New SEAC”), a Cayman Islands exempted company and 1455941 B.C. Unlimited Liability Company (“New BC Sub”), a British Columbia unlimited liability company, both of which are direct, wholly-owned subsidiaries of the Company. In addition, the Company formed SEAC MergerCo (“MergerCo”) a Cayman Islands exempted company and a direct, wholly-owned subsidiary of New SEAC. New SEAC, New BC Sub, and MergerCo did not have any activity as of December 31, 2023 and they have not engaged in any operations or generated operating revenues to date. Business Combination with LG Orion Holdings ULC On December 22, 2023, the Company, New SEAC, Lions Gate Parent, Studio HoldCo, StudioCo, MergerCo and New BC Sub, entered into the Business Combination Agreement, pursuant to which, among other things and subject to the terms and conditions contained in the Business Combination Agreement and the Plan of Arrangement, (i) the Company will merge with and into MergerCo with SEAC Merger Surviving Company as the resulting entity, (ii) SEAC Merger Surviving Company will distribute all of its assets lawfully available for distribution to New SEAC by way of a cash dividend, (iii) SEAC Merger Surviving Company will transfer by way of continuation from the Cayman Islands to British Columbia in accordance with the Companies Act and the BC Act and convert to a British Columbia unlimited liability company in accordance with the applicable provisions of the BC Act, (iv) New SEAC will transfer by way of continuation from the Cayman Islands to British Columbia in accordance with the Companies Act and the BC Act and continue as a British Columbia company in accordance with the applicable provisions of the BC Act, and (v) in pursuant to the Arrangement and on the terms and subject to the conditions set forth in the Plan of Arrangement, (A) SEAC Merger Surviving Company and New BC Sub will amalgamate to form MergerCo Amalco, in accordance with the terms of, and with the attributes and effects set out in, the Plan of Arrangement, (B) New SEAC and MergerCo Amalco will amalgamate to form SEAC Amalco, in accordance with the terms of, and with the attributes and effects set out in, the Plan of Arrangement and (C) StudioCo and SEAC Amalco will amalgamate to form Pubco, in accordance with the terms of, and with the attributes and effects set out in, the Plan of Arrangement. The Arrangement is subject to the approval by the Supreme Court of British Columbia under the BC Act. For more information, please see the Current Report on Form 8-K filed with the SEC by the Company on December 22, 2023, and the Registration Statement on Form S-4 filed with the SEC by New SEAC on January 5, 2024, as amended by Amendment No. 1 filed with the SEC by New SEAC on February 9, 2024. Liquidity, capital resources, and going concern As of December 31, 2023, the Company had an unrestricted cash balance of $999,152, cash and investments held in the Trust Account of $794,750,266 and a working capital deficiency of $20,949,357. The the Company withdrew interest , which has been reached as of December 31, 2023). The Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required. Up to While the Company had a working capital deficiency of $ liabilities is related to the PIPE with reduction right liability, which is a non-cash item and is not expected to be repaid from current assets. Of the remaining $ in accounts payable and accrued expenses, $ 3,576,713 The Company is a Special Purpose Acquisition Corporation with a scheduled liquidation date of April 10, 2024. Although the Company plans to complete the transaction before the scheduled liquidation date, there can be no assurance that the Company will be able to consummate a business combination by April 10, 2024. In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“AS U 2014-15, consummate

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2024
Accounting Policies [Line Items]
Significant Accounting Policies	NOTE 2-SUMMARY Basis of Presentation The accompanying unaudited consolidated financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for financial information and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, the unaudited consolidated financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the three months ended March 31, 2024 are not necessarily indicative of the results that may be expected through December 31, 2024 or any future periods. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Annual Report on Form 10-K Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Two of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liability and PIPE with reduction right liability. Such estimates may be subject to change as more current in form eco Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of March 31, 2024. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation limit of $250,000, and investments held in Trust Account. The Company has not experienced losses on these accounts. Investments Held in Trust Account The Company’s portfolio of investments was comprised solely of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities, or a combination thereof until January 2024, when the trustee liquidated such investments and moved the proceeds to an interest-bearing demand deposit account. The Company classifies its U.S. Treasury and equivalent securities as held to maturity in accordance with ASC Topic 320, “Investments-Debt and Equity Securities.” Held-to-maturity securities are those securities which the Company has the ability and intent to hold until maturity. Held-to-maturity treasury securities are recorded at amortized cost on the accompanying consolidated balance sheets and adjusted for the amortization or accretion of premiums or discounts. Money market funds and demand deposits are presented at fair value at the end of each reporting period (see Note 11). Offering Costs Offering costs consisted of underwriting, legal, accounting and other expenses incurred directly related to the Initial Public Offering. Upon completion of the Initial Public Offering, offering costs were allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liability were charged to operations. Offering costs allocated to Class A Ordinary Shares were initially charged to temporary equity and then accreted to ordinary shares subject to possible redemption upon the completion of the Initial Public Offering. Offering costs amounted to $ , of which $ was charged to temporary equity upon the completion of the Initial Public Offering and $ was expensed to the unaudited consolidated statements of operations. Class A Ordinary Shares Subject to Possible Redemption The Company accounts for its Class A Ordinary Shares subject to possible redemption in accordance with the guidance in ASC Topic 480, “Distinguishing Liabilities from Equity.” Ordinary shares subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity (deficit). The Company’s Class A Ordinary Shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at March 31, 2024 and December 31, 2023, Class A Ordinary Shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ deficit section of the Company’s consolidated balance sheets. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of Class A Ordinary Shares to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable ordinary shares are affected by charges against additional paid-in As of March 31, 2024 and December 31, 2023, the Class A Ordinary Shares reflected on the consolidated balance sheets are reconciled in the following table: Gross proceeds $ 750,000,000 Less: Fair value of Public Warrants at issuance (36,750,000 ) Class A Ordinary Share issuance costs (42,110,034 ) Plus: Accretion of carrying value to redemption value 123,510,300 Class A Ordinary Shares subject to possible redemption, December 31, 2023 794,650,266 Plus: Waiver of offering costs allocated to Class A Ordinary Share subject to possible redemption 17,325,000 Less: Accretion of carrying value to redemption value (7,846,453 ) Class A Ordinary Shares subject to possible redemption, March 31, 2024 $ 804,128,813 Derivative Financial Instruments The Company accounts for derivative financial instruments in accordance with ASC Topic 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value upon issuance and remeasured at each reporting date, with changes in the fair value reported in the unaudited consolidated statements of operations. The classification of derivative financial instruments is evaluated at the end of each reporting period. The Company accounts for the private placement warrants as liabilities at fair value on the consolidated balance sheets. The private placement warrants are subject to remeasurement at each balance sheet date and any change in fair value is recognized as a component of other income (expense), net on the consolidated statements of operations. The Company will continue to adjust the liability for changes in fair value until the earlier of the exercise or expiration of the private placement warrants. At that time, the portion of the warrant liability related to the private placement warrants will be reclassified to additional paid-in capital. The Company accounts for the Subscription Agreements (as defined below) as a liability at fair value on the consolidated balance sheets (the “PIPE with reduction right liability”). The Subscription Agreements are subject to remeasurement at each balance sheet date and any change in fair value is recognized as a component of other income (expense), net on the consolidated statements of operations. The Company will continue to adjust the liability for changes in fair value until the earlier of the closing of the transactions contemplated by the Subscription Agreements or expiration of the Subscription Agreements. At that time, the PIPE with reduction right liability will be reclassified to additional paid-in Income Taxes The Company accounts for income taxes under ASC 740, “Income Taxes” (“ASC 740”), which prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2024 and December 31, 2023. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company has been There is currently no taxation imposed on income by the government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company’s consolidated financial statements. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying consolidated balance sheets, primarily due to their short-term nature, except for the warrant liability (see Note 11). Warrant Liability The Company accounts for the private placement warrants as liabilities at fair value on the consolidated balance sheets. The private placement warrants are subject to remeasurement at each balance sheet date and any change in fair value is recognized as a component of other income (expense), net on the consolidated statements of operations. The Company will continue to adjust the liability for changes in fair value until the earlier of the exercise or expiration of the private placement warrants. At that time, the portion of the warrant liability related to the private placement warrants will be reclassified to additional paid-in Net Income Per Ordinary Shares The Company has two classes of shares, Class A Ordinary Shares and Class B Ordinary Shares. Income and losses are shared pro rata between the two classes of shares. The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share”. Net income per share is computed by dividing net income by the weighted average number of ordinary shares outstanding for the period. Accretion associated with the redeemable shares of Class A Ordinary Shares is excluded from earnings per share as the redemption value approximates fair value. The calculation of diluted income (loss) per share does not consider the effect of the warrants issued in connection with the (i) Initial Public Offering, and (ii) the private placement since the exercise of the warrants is contingent upon the occurrence of future events. The warrants are exercisable to purchase 36,733,333 Class A Ordinary Shares For the three months ended March 31, 2024 and 2023, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted net income per share of ordinary shares is the same as basic net income per shares of ordinary shares for the periods presented. The following table reflects the calculation of basic and diluted net income per ordinary shares for the three months ended March 31, 2024 and 2023: For the Three Months Ended For the Three Months Ended Class A Class B Class A Class B Basic and diluted net income per ordinary share Numerator: Allocation of net income $ 4,129,801 $ 1,032,450 $ 6,406,917 $ 1,601,729 Denominator: Basic and diluted weighted average shares outstanding 75,000,000 18,750,000 75,000,000 18,750,000 Basic and diluted net income per ordinary shares $ 0.06 $ 0.06 $ 0.09 $ 0.09 Fair Value of Financial Instruments Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: • Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; • Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and • Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement . Recently Issued Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s consolidated financial statements.	Note 2-Summary Basis of presentation The accompanying financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Two of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liability and PIPE with reduction right liability. Such estimates may be subject to change as more current information becomes available and the actual results could differ significantly from those estimates. Cash equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation limit of $250,000, and investments held in Trust Account. The Company has not experienced losses on these accounts. Investments Held in Trust Account The Company’s portfolio of investments was comprised solely of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities, or a combination thereof until January 2024, when the trustee liquidated such investments and moved the proceeds to an interest-bearing demand deposit account. The Company classifies its U.S. Treasury and equivalent securities as held-to-maturity Held-to-maturity Held-to-maturity Offering costs Offering costs consisted of underwriting, legal, accounting and other expenses incurred directly related to the initial public offering. Upon completion of the initial public offering, offering costs were allocated to the separable financial instruments issued in the initial public offering based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liability were charged to operations. Offering costs allocated to Class A Ordinary Shares were initially charged to temporary equity and then accreted to ordinary shares subject to possible redemption upon the completion of the initial public offering. Offering costs amounted to $42,130,216, of which $42,110,034 was charged to temporary equity upon the completion of the initial public offering and $20,182 was expensed to the consolidated statements of operations. Class A Ordinary Shares subject to possible redemption The Company accounts for its Class A Ordinary Shares subject to possible redemption in accordance with the guidance in ASC Topic 480, “Distinguishing Liabilities from Equity (“ASC 480”).” Ordinary shares subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Class A ordinary shares of the Company feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at December 31, 2023 and 2022, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ equity (deficit) section of the Company’s consolidated balance sheets. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of Class A ordinary shares to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable ordinary shares are affected by charges against additional paid-in As of December 31, 2023 and 2022, the Class A ordinary shares reflected on the consolidated balance sheets are reconciled in the following table: Gross proceeds $ 750,000,000 Less Fair value of Public Warrants at issuance (36,750,000 ) Class A ordinary share issuance costs (42,110,034 ) Plus: Accretion of carrying value to redemption value 85,722,976 Class A Ordinary Shares subject to possible redemption as of December 31, 756,862,942 Plus: Accretion of carrying value to redemption value 37,787,324 Class A ordinary shares subject to possible redemption as of December 31, $ 794,650,266 Derivative financial instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC Topic 815, “Derivatives and Hedging”. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed The Company accounts for the private placement warrants as liabilities at fair value on the consolidated balance sheets. The private placement warrants are subject to remeasurement at each balance sheet date and any change in fair value is recognized as a component of other income (expense), net on the statements of operations. The Company will continue to adjust the liability for changes in fair value until the earlier of the exercise or expiration of the private placement warrants. At that time, the portion of the warrant liability related to the private placement warrants will be reclassified to additional paid-in The Company accounts for the Subscription Agreements as a liability at fair value on the consolidated balance sheets (the “ PIPE with reduction right liability Income taxes The Company accounts for income taxes under ASC Topic 740, “Income Taxes” which prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not There is currently no taxation imposed on income by the government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company’s financial statements. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change ove r the Net income (loss) per ordinary share The Company has two classes of shares, Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of shares. The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share”. Net income per share is computed by dividing net income by the weighted average number of ordinary shares outstanding for the period. Accretion associated with the redeemable shares of Class A ordinary share is excluded from earnings per share as the redemption value approximates fair value. The calculation of diluted income (loss) per share does not consider the effect of the warrants issued in connection with the (i) initial public offering, and (ii) the private placement since the exercise of the warrants is contingent upon the occurrence of future events. The warrants are exercisable to purchase 36,733,333 Class A ordinary share in the aggregate. As of December 31, 2023 and 2022, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary share, and then share in the earnings of the Company. As a result, diluted net income per share is the same as basic net income per share for the period presented. For The Year Ended December 31, 2023 For the Year Ended December 31, 2022 For the Period From November 3, 2021 Class A Class B Class A Class B Class A Class B Basic and diluted net income (loss) per ordinary share Numerator: Allocation of net income (loss) $ 13,360,506 $ 3,340,127 $ 17,918,827 $ 4,592,958 $ —  $ (5,000 ) Denominator: Basic and diluted weighted average shares 75,000,000 18,750,000 73,150,685 18,750,000 —  18,750,000 Basic and diluted net income per share $ 0.18 $ 0.18 $ 0.24 $ 0.24 $ —  $ —  Fair value of financial instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: • Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; • Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and • Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. Recently issued accounting standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial stateme nts.

Description of Business, Basis

Description of Business, Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Description of Business, Basis of Presentation and Significant Accounting Policies	1. Description of Business, Basis of Presentation and Significant Accounting Policies Description of Business Lions Gate Entertainment Corp. (“Lionsgate,” or “Parent”) encompasses world-class motion picture and television studio operations (collectively referred to as the “Studio Business”) and the STARZ-branded premium global subscription platforms (the “Starz Business”) to bring a unique and varied portfolio of entertainment to consumers around the world. Lionsgate has historically had three reportable business segments: (1) Motion Picture, (2) Television Production and (3) Media Networks. The Studio Business is substantially reflected in the Lionsgate Motion Picture and Television Production segments. These financial statements reflect the combination of the assets, liabilities, operations and cash flows reflecting the Studio Business which is referred to in these combined financial statements as the “Studio Business” or the “Company”. These combined financial statements of the Studio Business have been prepared on a carve-out The Studio Business consists of the Motion Picture and Television Production reportable segments, together with substantially all of Lionsgate’s corporate general and administrative costs. Motion Picture consists of the development and production of feature films, acquisition of North American and worldwide distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and worldwide licensing of distribution rights to feature films produced and acquired. Television Production consists of the development, production and worldwide distribution of television productions including television series, television movies and mini-series, and non-fiction Basis of Presentation The Studio Business has historically operated as part of Lionsgate and not as a standalone company. The Studio Business’s combined financial statements, representing the historical assets, liabilities, operations and cash flows of the combination of the operations making up the worldwide Studio Business, have been derived from the separate historical accounting records maintained by Lionsgate, and are presented on a carve-out carve-out All revenues and costs as well as assets and liabilities directly associated with the business activity of the Studio Business are included in the accompanying combined financial statements. Revenues and costs associated with the Studio Business are specifically identifiable in the accounting records maintained by Lionsgate and primarily represent the revenue and costs used for the determination of segment profit of the Motion Picture and Television Production segments of Lionsgate. In addition, the Studio Business costs include an allocation of corporate general and administrative expense (inclusive of share-based compensation) which has been allocated to the Studio Business as further discussed below. Other costs excluded from the Motion Picture and Television Production segment profit but relating to the Studio Business are generally specifically identifiable as costs of the Studio Business in the accounting records of Lionsgate and are included in the accompanying combined financial statements. Lionsgate utilizes a centralized approach to cash management. Cash generated by the Studio Business is managed by Lionsgate’s centralized treasury function and cash is routinely transferred to the Company or to the Starz Business to fund operating activities when needed. Cash and cash equivalents of the Studio Business are reflected in the combined balance sheets. Payables to and receivables from Lionsgate, primarily related to the Starz Business, are often settled through movement to the intercompany accounts between Lionsgate, the Starz Business and the Studio Business. Other than certain specific balances related to unsettled payables or receivables, the intercompany balances between the Studio Business and Lionsgate have been accounted for as parent net investment. See Note 20 for further details. The Studio Business is the primary borrower of certain corporate indebtedness (the revolving credit facility, term loan A and term loan B, together referred to as the “Senior Credit Facilities”) of Lionsgate. The Senior Credit Facilities are generally used as a method of financing Lionsgate’s operations in totality and are not specifically identifiable to the Studio Business or the Starz Business. It is not practical to determine what the capital structure would have been historically for the Studio Business or the Starz Business as standalone companies. A portion of Lionsgate’s corporate debt, Lionsgate’s 5.500% senior notes due April 15, 2029 (the “Senior Notes”) and related interest expense are not reflected in the Studio Business’s combined financial statements. The Studio Business remains a guarantor under the Senior Notes indenture agreement. See Note 7 for further details. Additional indebtedness directly related to the Studio Business, including production loans, borrowings under the Production Tax Credit Facility, IP Credit Facility, and Backlog Facility (each as defined below) and other obligations, are reflected in the Studio Business combined financial statements. See Note 8 for further details. Lionsgate’s corporate general and administrative functions and costs have historically provided oversight over both the Starz Business and the Studio Business. These functions and costs include, but are not limited to, salaries and wages for certain executives and other corporate officers related to executive oversight, investor relations costs, costs for the maintenance of corporate facilities, and other common administrative support functions, including corporate accounting, finance and financial reporting, audit and tax costs, corporate and other legal support functions, and certain information technology and human resources expense. Accordingly, the audited financial statements of the Studio Business, include allocations of certain general and administrative expenses (inclusive of share-based compensation) from Lionsgate related to these corporate and shared service functions historically provided by Lionsgate. These expenses have been allocated to the Company on the basis of direct usage when identifiable, with the remainder allocated on a pro rata basis of consolidated Lionsgate revenue, payroll expense or other measures considered to be a reasonable reflection of the historical utilization levels of these services. Accordingly, the Studio Business financial statements may not necessarily be indicative of the conditions that would have existed or the results of operations if the Company had been operated as an unaffiliated entity, and may not be indicative of the expenses that the Company will incur in the future. The Company also pays certain costs on behalf of the Starz Business such as certain rent expense, employee benefits, insurance and other administrative operating costs which are reflected as expenses of the Starz Business. The Starz Business also pays certain costs on behalf of the Company such as legal expenses, software development costs and severance which are reflected as expenses of the Studio Business. The settlement of reimbursable expenses between the Studio Business and the Starz Business have been accounted for as parent net investment. See Note 20 for further detail of parent net investment included in these combined financial statements. Management believes the assumptions underlying these combined financial statements, including the assumptions regarding the allocation of general and administrative expenses from Lionsgate to the Studio Business, are reasonable. However, the allocations may not include all of the actual expenses that would have been incurred by the Studio Business and may not reflect its combined results of operations, financial position and cash flows had it been a standalone company during the periods presented. It is not practicable to estimate actual costs that would have been incurred had the Studio Business been a standalone company and operated as an unaffiliated entity during the periods presented. Actual costs that might have been incurred had the Studio Business been a standalone company would depend on a number of factors, including the organizational structure, what corporate functions the Studio Business might have performed directly or outsourced, and strategic decisions the Company might have made in areas such as executive management, legal and other professional services, and certain corporate overhead functions. See Note 20 for further detail of the allocations included in these combined financial statements. Generally Accepted Accounting Principles These combined financial statements have been prepared in accordance with U.S. GAAP. Principles of Consolidation The accompanying combined financial statements of the Company have been derived from the consolidated financial statements and accounting records of Lionsgate and reflect certain allocations from Lionsgate as further discussed above. All significant intercompany balances and transactions within the Company have been eliminated in these combined financial statements. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the financial statements relate to ultimate revenue and costs used for the amortization of investment in films and television programs; estimates related to the revenue recognition of sales or usage-based royalties; fair value of equity-based compensation; the allocations of costs to the Company for certain corporate and shared service functions in preparing the combined financial statements on a carve-out Reclassifications Certain amounts presented in prior years have been reclassified to conform to the current year’s presentation. Significant Accounting Policies Revenue Recognition The Company’s Motion Picture and Television Production segments generate revenue principally from the licensing of content in domestic theatrical exhibition, home entertainment (e.g., digital media and packaged media), television, and international market places. Revenue is recognized upon transfer of control of promised services or goods Revenue also includes licensing of motion pictures and television programming (including Starz original productions) to the Starz Business. See Note 20 for further details. Licensing Arrangements. Fixed Fee or Minimum Guarantees: Sales or Usage Based Royalties: Revenues by Market or Product Line. • Theatrical. picture-by-picture sub-distributor • Home Entertainment. • Digital Media. (pay-per-view video-on-demand Digital Transaction Revenue Sharing Arrangements: nominal or no upfront sales price, the Company shares in the rental or sales revenues generated by the platform on a title-by-title download-to-own, download-to-rent, video-on-demand. Licenses of Content to Digital Platforms: subscription-video-on-demand • Packaged Media Blu-ray, • Television . non-fiction • International. territory-by-territory non-fiction • Other. Revenues from the licensing of film and television content and the sales and licensing of music are recognized when the content has been delivered and the license period has begun, as discussed above. Revenues from the licensing of symbolic intellectual property (i.e., licenses of motion pictures or television characters, brands, storylines, themes or logos) is recognized over the corresponding license term. Commissions are recognized as such services are provided. Deferred Revenue. Deferred revenue also relates to customer payments are made in advance of when the Company fulfills its performance obligation and recognizes revenue. This primarily occurs under television production contracts, in which payments may be received as the production progresses, international motion picture contracts, where a portion of the payments are received prior to the completion of the movie and prior to license rights start dates, and pay television contracts with multiple windows with a portion of the revenues deferred until the subsequent exploitation windows commence. These arrangements do not contain significant financing components because the reason for the payment structure is not for the provision of financing to the Company, but rather to mitigate the Company’s risk of customer non-performance See Note 12 for further information. Accounts Receivable. Cash and Cash Equivalents Cash and cash equivalents consist of cash deposits at financial institutions and investments in money market mutual funds. Restricted Cash At March 31, 2024, the Company had restricted cash of $ million primarily representing amounts related to required cash reserves for interest payments associated with the Production Tax Credit Facility, IP Credit Facility and Backlog Facility (March 31, 2023- $ million). Restricted cash is included within “other current assets” and “other non-current assets” on the combined balance sheets (see Note 19). Investment in Films and Television Programs General. Investment in films and television programs includes the unamortized costs of films and television programs, which are monetized individually (i.e., through domestic theatrical, home entertainment, television, international or other ancillary-market distribution). Recording Cost. Costs of acquiring and producing films and television programs and of acquired libraries are capitalized when incurred. For films and television programs produced by the Company, capitalized costs include all direct production and financing costs, capitalized interest and production overhead. For the years ended March 31, 2024, 2023 and 2022, total capitalized interest was $ million, $ million and $ million, respectively. For acquired films and television programs, capitalized costs consist of minimum guarantee payments to acquire the distribution rights. Amortization. amortized and participations and residuals costs are accrued in the proportion that current year’s revenue bears to management’s estimate of ultimate revenue at the beginning of the current year expected to be recognized from the exploitation, exhibition or sale of the films or television programs. Ultimate Revenue. Development. Impairment Assessment. The fair value is determined based on a discounted cash flow analysis of the cash flows directly attributable to the title. To the extent the unamortized costs exceed the fair value, an impairment charge is recorded for the excess. The discounted cash flow analysis includes cash flows estimates of ultimate revenue and costs as well as a discount rate (a Level 3 fair value measurement, see Note 10). The discount rate utilized in the discounted cash flow analysis is based on the weighted average cost of capital of the Company plus a risk premium representing the risk associated with producing a particular film or television program. Estimates of future revenue involve measurement uncertainty and it is therefore possible that reductions in the carrying value of investment in films and television programs may be required as a consequence of changes in management’s future revenue estimates. Property and Equipment, net Property and equipment is carried at cost less accumulated depreciation. Depreciation is provided for on a straight line basis over the following useful lives: Computer equipment and software 3 — Furniture and equipment 3 — Leasehold improvements Lease term or the useful life, whichever is shorter Land Not depreciated The Company periodically reviews and evaluates the recoverability of property and equipment. Where applicable, estimates of net future cash flows, on an undiscounted basis, are calculated based on future revenue estimates. If appropriate and where deemed necessary, a reduction in the carrying amount is recorded based on the difference between the carrying amount and the fair value based on discounted cash flows. Leases The Company determines if an arrangement is a lease at its inception. The expected term of the lease used for computing the lease liability and right-of-use Company will exercise that option. The Company also elected to not separate lease components from non-lease non-lease Operating Leases. assets—non-current” liabilities—non-current” The present value of the lease payments is calculated using a rate implicit in the lease, when readily determinable. However, as most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate to determine the present value of the lease payments for the majority of its leases. Variable lease payments that are based on an index or rate are included in the measurement of ROU assets and lease liabilities at lease inception. All other variable lease payments are expensed as incurred and are not included in the measurement of ROU assets and lease liabilities. The Company did not have any finance leases during the years ended March 31, 2024 and 2023. Investments Investments include investments accounted for under the equity method of accounting, and equity investments with and without readily determinable fair value. Equity Method Investments: % and % of the voting interests in the investee, holds substantial management rights or holds an interest of less than % in an investee that is a limited liability partnership or limited liability corporation that is treated as a flow-through entity. Under the equity method of accounting, the Company’s share of the investee’s earnings (losses) are included in the “equity interests income (loss)” line item in the combined statements of operations. The Company records its share of the net income or loss of most equity method investments on a one quarter lag and, accordingly, during the years ended March 31, 2024, 2023 and 2022, the Company recorded its share of the income or loss generated by these entities for the years ended December 31, 2023, 2022 and 2021, respectively. Dividends and other distributions from equity method investees are recorded as a reduction of the Company’s investment. Distributions received up to the Company’s interest in the investee’s retained earnings are considered returns on investments and are classified within cash flows from operating activities in the combined statements of cash flows. Distributions from equity method investments in excess of the Company’s interest in the investee’s retained earnings are considered returns of investments and are classified within cash flows provided by investing activities in the combined statements of cash flows. Other Equity Investments: impairment, adjusted for observable price changes in orderly transactions in the investees’ securities that are identical or similar to the Company’s investments in the investee. The unrealized gains and losses and the adjustments related to the observable price changes are recognized in net income (loss). Impairments of Investments: For investments accounted for using the equity method of accounting or equity investments without a readily determinable fair value, the Company evaluates information available (e.g., budgets, business plans, financial statements, etc.) in addition to quoted market prices, if any, in determining whether an other-than-temporary decline in value exists. Factors indicative of an other-than-temporary decline include recurring operating losses, credit defaults and subsequent rounds of financing at an amount below the cost basis of the Company’s investment. Finite-Lived Intangible Assets Identifia Amortizabl The Com Goodwill At March 31, 2024, the carrying value of goodwill was $811.2 million. Goodwill is allocated to the Company’s reporting units, which are its operating segments or one level below its operating segments (component level). Reporting units are determined by the discrete financial information available for the component and whether that information is regularly reviewed by segment management. Components are aggregated into a single reporting unit if they share similar economic characteristics. The Company’s reporting units for purposes of goodwill impairment testing during the years ended March 31, 2024, 2023 and 2022 were Motion Picture, and the Television and Talent Management businesses, both of which are part of the Television Production segment. Goodwill is not amortized, but is reviewed for impairment each fiscal year or between the annual tests if an event occurs or circumstances change that indicates it is more-likely-than-not fiscal year. A goodwill impairment loss would be recognized for the amount that the carrying amount of a reporting unit, including goodwill, exceeds its fair value. An entity may perform a qualitative assessment of the likelihood of the existence of a goodwill impairment. The qualitative assessment is an evaluation, based on all identified events and circumstances which impact the fair value of the reporting unit, of whether or not it is more likely than not that the fair value is less than the carrying value of the reporting unit. If the Company believes that as a result of its qualitative assessment it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, a quantitative impairment test is not required but may be performed at the option of the Company. A quantitative assessment requires determining the fair value of the Company’s reporting units. The determination of the fair value of each reporting unit utilizes DCF analyses and market-based valuation methodologies, which represent Level 3 fair value measurements. Fair value determinations require considerable judgment and requires assumptions and estimates of many factors, including revenue and market growth, operating margins and cash flows, market multiples and discount rates, and are sensitive to changes in these underlying assumptions and factors. Goodwill Impairment Assessments: Fiscal 2024. more-likely-than-not Fiscal 2023 . For the Company Managem market transactions; the duration and potential impact of strikes of unions, on our ability to produce, acquire and distribute our content; the commercial success of the Company’s television programming and motion pictures; the Company’s continual contractual relationships with its customers; and changes in consumer behavior. While historical performance and current expectations have resulted in fair values of the Company’s reporting units in excess of carrying values, if the Company’s assumptions are not realized, it is possible that an impairment charge may need to be recorded in the future. Prints, Advertising and Marketing Expenses The costs of prints, advertising and marketing expenses are expensed as incurred. Advertising expenses for the year ended March 31, 2024 were $347.8 million (2023 — $203.4 million, 2022—$201.6 million) which were recorded as distribution and marketing expenses in the accompanying combined statements of operations. Income Taxes The Company’s results have historically been included in the consolidated U.S. federal income tax return and U.S. state income tax filings of Lionsgate. The Company has computed its provision for income taxes on a separate return basis in these combined financial statements. The separate return method applies the accounting guidance for income taxes to the stand-alone financial statements as if the Company was a separate taxpayer and a stand-alone enterprise for the periods presented. The calculation of income taxes for the Company on a separate return basis requires judgment and use of both estimates and allocations. However, as discussed above in Note 1, the combined historical results of the Studio Business are presented on a managed basis rather than a legal entity basis, with certain deductions and other items that are included in the consolidated financial statements of Lionsgate, but not included in the combined financial statements of the Studio Business. Income taxes are accounted for using an asset and liability approach for financial accounting and reporting for income taxes and recognition and measurement of deferred assets are based upon the likelihood of realization of tax benefits in future years. Under this method, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Valuation allowances are established when management determines that it is more likely than not that some portion or all of the net deferred tax asset, on a jurisdiction-by-jurisdiction From time to time, the Company engages in transactions in which the tax consequences may be subject to uncertainty and judgment is required in assessing and estimating the tax consequences of these transactions. In determining the Company’s tax provision for financial reporting purposes, the Company establishes a reserve for uncertain tax positions unless such positions are determined to be more likely than not of being sustained upon examination, based on their technical merits. The Company’s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. Government Assistance The Company has access to government programs that are designed to promote film and television production and distribution in certain foreign countries. The Company also has access to similar programs in certain states within the U.S. that are designed to promote film and television production in those states. Tax credits earned with respect to expenditures on qualifying film and television productions are recorded as a reduction to investment in films and television programs when the qualifying expenditures have been incurred provided that there is reasonable assurance that the credits will be realized (see Note 3 and Note 19). Foreign Currency Translation Monetary assets and liabilities denominated in currencies other than the functional currency are translated at exchange rates in effect at the balance sheet date. Resulting unrealized and realized gains and losses are included in the combined statements of operations. Foreign company assets and liabilities in foreign currencies are translated into U.S. dollars at the exchange rate in effect at the balance sheet date. Foreign company revenue and expense items are translated at the average rate of exchange for the fiscal year. Gains or losses arising on the translation of the accounts of foreign companies are included in accumulated other comprehensive income or loss, a separate component of equity. Derivative Instruments and Hedging Activities Derivative financial instruments are used by the Company in the management of its foreign currency and interest rate exposures. The Company’s policy is not to use derivative financial instruments for trading or speculative purposes. The Company uses derivative financial instruments to hedge its exposures to foreign currency exchange rate and interest rate risks. All derivative financial instruments are recorded at fair value in the combined balance sheets (see Note 10). The effective changes in fair values of derivatives designated as cash flow hedges are recorded in accumulated other comprehensive income or loss and included in unrealized gains (losses) on cash flow hedges until the underlying hedged item is recognized in earnings. The effective changes in the fair values of derivatives designated as cash flow hedges are reclassified from accumulated other comprehensive income or loss to net income or net loss when the underlying hedged item is recognized in earnings. If the derivative is not designated as a hedge, changes in the fair value of the derivative are recognized in earnings. See Note 18 for further discussion of the Company’s derivative financial instruments. Parent Net Investment Parent net investment in the combined balance sheets is presented in lieu of shareholders’ equity and represents Lionsgate historical investment in the Company, the accumulated net earnings (losses) after taxes and the net effect of settled transactions with and allocations from Lionsgate. All transactions reflected in parent net investment by Lionsgate in the accompanying combined balance sheets have been considered as financing activities for purposes of the combined statements of cash flows. Share-Based Compensation Certain Company employees participate in the share-based compensation plans sponsored by Lionsgate. Lionsgate share-based compensation awards granted to employees of the Company consist of stock options, restricted share units and share appreciation rights. As such, the awards to Company employees are reflected in parent net investment within the combined statements of equity (deficit) at the time they are expensed. The combined statements of operations also include an allocation of Lionsgate corporate and shared employee share-based compensation expenses. The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The fair value is recognized in earnings over the period during which an employee is required to provide service. See Note 13 for further discussion of the Company’s share-based compensation. Transfers of Financial Assets The Company enters into arrangements to sell certain financial assets (i.e., monetize its trade accounts receivables). For a transfer of financial assets to be considered a sale, the asset must be legally isolated from the Company and the purchaser must have control of the asset. Determining whether all the requirements have been met includes an evaluation of legal considerations, the extent of the Company’s continuing involvement with the assets transferred and any other relevant considerations. When the true sales criteria are met, the Company derecognizes the carrying value of the financial asset transferred and recognizes a net gain or loss on the sale. The proceeds from these arrangements with third party purchasers are reflected as cash provided by operating activities in the combined statements of cash flows. If the sales criteria are not met, the transfer is considered a secured borrowing and the financial asset remains on the combined balance sheets with proceeds from the sale recognized as debt and recorded as cash flows from financing activities in the combined statements of cash flows. See Note 19 for discussion of the Company’s accounts receivable monetization. Recent Accounting Pronouncements Segment Reporting: Income Taxes:

Acquisition

Acquisition	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Acquisition	2. Acquisition eOne Acquisition On December 27, 2023, Lionsgate and its subsidiaries, Lions Gate Entertainment Inc., a Delaware corporation (“LGEI”), and Lions Gate International Motion Pictures S.à.r.l., a Luxembourg société à responsabilité limitée (“LGIMP” and, with the Company and LGEI, collectively the “Buyers”), completed the previously announced acquisition of all of the issued and outstanding equity interests of the companies constituting the Entertainment One television and film (“eOne”) business from Hasbro, Inc., a Rhode Island corporation (“Hasbro”), pursuant to that certain Equity Purchase Agreement (the “Purchase Agreement”) dated August 3, 2023. The aggregate cash purchase price was million, inclusive of certain purchase price adjustments, including for cash, debt, and working capital. The preliminary purchase price is subject to further adjustments based on the final determination of the purchase price adjustments. The acquisition of eOne, a film and television production and distribution company, builds the Company’s film and television library, strengthens the Company’s scripted and unscripted television business, and continues to expand the Company’s presence in Canada and the U.K. The acquisition was accounted for under the acquisition method of accounting, with the financial results of eOne included in the Company’s combined results from December 27, 2023. Revenues and loss before income taxes from eOne for the period from December 27, 2023 through March 31, 2024 amounted to approximately $113.8 million and $4.9 million, respectively. The Company incurred approximately $9.4 million of acquisition-related costs that were expensed in restructuring and other during the fiscal year ended March 31, 2024. Allocation of Purchase Consideration. The preliminary allocation of the purchase price to the assets acquired and liabilities assumed, and a reconciliation to total consideration transferred is presented in the table below: (Amounts in millions) Cash and cash equivalents $ 54.1 Accounts receivable 298.8 Investment in films and television programs 371.8 Property and equipment 14.0 Intangible assets 4.0 Other assets (1) 168.2 Accounts payable and accrued liabilities (67.8 ) Content related payable (35.4 ) Participations and residuals (1) (201.9 ) Film related obligations (1) (105.8 ) Other liabilities and deferred revenue (1) (130.5 ) Preliminary fair value of net assets acquired 369.5 Goodwill 15.6 Preliminary purchase price consideration $ 385.1 (1) Includes current and non-current Investment in films and television programs includes the preliminary fair value of completed films and television programs which have been produced by eOne or for which eOne has acquired distribution rights, as well as the preliminary fair value of films and television programs in production, pre-production and will be amortized using the individual film forecast method, based on the ratio of current period revenues to management’s estimated remaining total gross revenues to be earned (“ultimate revenue”). Titles released more than three years prior to the acquisition date were valued as part of a library and will be amortized on a straight-line basis over the estimated useful life of 5 years to 10 years. The intangible assets acquired include trade names with a weighted average estimated useful life of 5 years. The fair value of the trade names was preliminarily estimated based on the present value of the hypothetical cost savings that could be realized by the owner of the trade names as a result of not having to pay a stream of royalty payments to another party. These cost savings were calculated based on a DCF analysis of the hypothetical royalty payment that a licensee would be required to pay in exchange for use of the trade names, reduced by the tax effect realized by the licensee on the royalty payments. Other preliminary fair value adjustments were made to property and equipment and right-of-use Deferred taxes, net of any required valuation allowance, were preliminarily adjusted to record the deferred tax impact of acquisition accounting adjustments primarily related to amounts allocated to film and television programs, other intangible assets, and certain property and equipment, right-of-use The fair value of eOne’s cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, participations and residuals, film related obligations and other liabilities were estimated to approximate their book values. Pro Forma Statement of Operations Information. Year Ended March 31, 2024 2023 (Amounts in millions) Revenues $ 3,380.0 $ 3,911.6 Net income (loss) attributable Parent $ (376.5 ) $ 63.4 The unaudited pro forma condensed combined financial information includes, where applicable, adjustments for (i) reductions in amortization expense from the fair value adjustments to investment in films and television programs, (ii) reduction in amortization expense related to acquired intangible assets, (iii) reduction in depreciation expense from the fair value of property and equipment, (iv) transaction costs and other one-time non-recurring tax-related unaudited pro forma condensed combined financial information for the year ended March 31, 2024 includes an impairment of goodwill and trade name of $296.2 million which was reflected in the statement of operations of eOne for the nine months ended December 27, 2023. The results of operations of eOne were reflected beginning December 27, 2023, in the Motion Picture and Television Production reportable segments of the Company. Business Combination Agreement On December 22, 2023, Lionsgate entered into a business combination agreement (the “Business Combination Agreement”), with Screaming Eagle Acquisition Corp., a Cayman Islands exempted company (“Screaming Eagle”), SEAC II Corp., a Cayman Islands exempted company and a wholly-owned subsidiary of Screaming Eagle (“New SEAC”), SEAC MergerCo, a Cayman Islands exempted company and a wholly-owned subsidiary of Screaming Eagle, 1455941 B.C. Unlimited Liability Company, a British Columbia unlimited liability company and a wholly-owned subsidiary of Screaming Eagle, LG Sirius Holdings ULC, a British Columbia unlimited liability company and wholly-owned subsidiary of Lionsgate and LG Orion Holdings ULC, a British Columbia unlimited liability company and wholly-owned subsidiary of Lionsgate (“StudioCo”). Pursuant to the terms and conditions of the Business Combination Agreement, the Studio Business will be combined with Screaming Eagle through a series of transactions, including an amalgamation of StudioCo and New SEAC under a Canadian plan of arrangement (the “Business Combination”). On May 13, 2024, Lionsgate closed the Business Combination Agreement. See Note 21 for further information. Spyglass.

Initial Public Offering

Initial Public Offering	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Initial Public Offer [Abstract]
Initial Public Offering	NOTE 3-INITIAL The Company consummated the Initial Public Offering of 75,000,000 units at $10.00 per unit. Each unit consisted of one Class A Ordinary Share and one-third	Note 3-Initial The Company consummated the initial public offering of 75,000,000 units at $10.00 per unit. Each unit consisted of one Class A ordinary share and one-third

Private Placement

Private Placement	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Private Placement [Abstract]
Private Placement	NOTE 4-PRIVATE The Sponsor purchased an aggregate of 11,733,333 private placement warrants at a price of $1.50 per private placement warrant, for an aggregate purchase price of $17,600,000, from the Company in a private placement that closed simultaneously with the closing of the Initial Public Offering. Each private placement warrant entitles the holder to purchase one Class A Ordinary Share at $11.50 per share, subject to adjustment (see Note 9). A portion of the proceeds from the sale of the private placement warrants were added to the net proceeds from the Initial Public Offering held in the Trust Account (see Note 6). If the Company does not complete a Business Combination within the Completion Window, the proceeds from the sale of the private placement warrants held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the private placement warrants will expire worthless.	Note 4-Private The Sponsor purchased an aggregate of 11,733,333 private placement warrants at a price of $1.50 per private placement warrant, for an aggregate purchase price of $17,600,000, from the Company in a private placement that closed simultaneously with the closing of the initial public offering. Each private placement warrant entitles the holder to purchase one Class A ordinary share at $11.50 per share, subject to adjustment (see Note 9). A portion of the proceeds from the sale of the private placement warrants were added to the net proceeds from the initial public offering held in the Trust Account (see Note 6). If the Company does not complete a Business Combination within the Completion Window, the proceeds from the sale of the private placement warrants held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the private placement warrants will expire worthless.

Property and Equipment

Property and Equipment	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment	4. Property and Equipment March 31, 2024 March 31, 2023 (Amounts in millions) Leasehold improvements $ 34.4 $ 27.6 Property and equipment 18.1 15.2 Computer equipment and software 84.2 71.5 136.7 114.3 Less accumulated depreciation and amortization (100.6 ) (91.7 ) 36.1 22.6 Land 1.2 1.2 $ 37.3 $ 23.8 During the year ended March 31, 2024, depreciation expense amounted to $10.3 million (2023—$12.2 million, 2022—$12.4 million).

Investment in Films and Televis

Investment in Films and Television Programs	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Investment in Films and Television Programs	3. Investment in Films and Television Programs The predominant monetization strategy for all of the Company’s investments in films and television programs is on an individual film basis. Total investment in films and television programs is as follows: March 31, 2024 March 31, 2023 (Amounts in millions) Investment in Films and Television Programs (1)(2) Released, net of accumulated amortization $ 992.2 $ 779.9 Completed and not released 225.4 289.8 In progress 644.4 649.1 In development 67.0 67.9 Investment in films and television programs, net $ 1,929.0 $ 1,786.7 (1) At March 31, 2024, the unamortized balance related to completed and not released and in progress theatrical films was $532.5 million. (2) Production tax credits reduced total investment in films and television programs by $112.2 million and $181.2 million during the years ended March 31, 2024 and 2023, respectively, which resulted in a reduction of direct operating expense related to the amortization of investment in films and television programs cost of approximately $70.6 million and $84.3 million for the years ended March 31, 2024 and 2023, respectively. At March Amortization of investment in film and televis io The tab Year Ending March 31, 2025 2026 2027 (Amounts in millions) Estimated future amortization expense: Released investment in films and television programs $ 391.2 $ 189.5 $ 147.5 Completed and not released investment in films and television programs $ 139.6 n/a n/a Impairments. Investment in films and television programs includes write-downs to fair value, which are included in direct operating expense on the combined statements of operations, and represented the following amounts by segment for the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Impairments by segment: Included in direct operating expense (1) Motion Picture $ 34.6 $ 6.2 $ 1.2 Television Production 8.4 4.6 34.9 Impairments not included in segment operating results (2) 12.8 —  —  $ 55.8 $ 10.8 $ 36.1 (1) Impairments included in direct operating expense are included in the amortization expense amounts disclosed above. (2) 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 which are included in restructuring and other. See Note 15 and Note 16 for further information.

Investments

Investments	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Investments	5. Investments The Company’s investments consisted of the following: March 31, March 31, (Amounts in millions) Investments in equity method investees $ 68.4 $ 63.1 Other investments 6.4 1.6 $ 74.8 $ 64.7 Equity Method Investments: The Company has investments in various equity method investees with ownership percentages ranging from approximately 6% to 49%. These investments include: Spyglass. STARZPLAY Arabia. video-on-demand Roadside Attractions Pantelion Films. Atom Tickets. first-of-its-kind 42. Other.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Goodwill and Intangible Assets	6. Goodwill and Intangible Assets Goodwill Changes in the carrying value of goodwill by reporting segment were as follows: Motion Picture Television Production Total (Amounts in millions) Balance as of March 31, 2023 and 2022 $ 393.7 $ 401.9 $ 795.6 Acquisition of eOne (see Note 2) 1.0 4.8 5.8 Measurement period adjustments (1) 3.9 5.9 9.8 Balance as of March 31, 2024 $ 398.6 $ 412.6 $ 811.2 (1) Measurement period adjustments for the acquisition of eOne reflect an increase to goodwill of $9.8 million resulting from a net decrease in estimated fair value of the net assets acquired. The decrease in the estimated fair value of the net assets acquired consisted of net decreases to accounts receivable and other assets of $11.4 million and $12.4 million, respectively, partially offset by a net increase to investment in films and television programs of $4.0 million, and net decreases to content related payables of $1.9 million, accrued liabilities of $3.8 million, participations and residuals of $1.9 million, and deferred revenue of $2.4 million. Intangible Assets Finite March 31, 2024 March 31, 2023 Gross Accumulated Net Carrying Gross Accumulated Net Carrying (Amounts in millions) Finite-lived intangible assets subject to amortization: Customer relationships $ 23.9 $ 21.7 $ 2.2 $ 31.0 $ 10.0 $ 21.0 Trademarks and trade names 7.6 3.0 4.6 3.6 2.6 1.0 Other 31.0 12.1 18.9 23.9 19.0 4.9 $ 62.5 $ 36.8 $ 25.7 $ 58.5 $ 31.6 $ 26.9 Amortization expense associated with the Company’s intangible assets for the years ended March 31, 2024, 2023 and 2022 was approximately $ million, $ million and $ million, respectively. Amortization expense remaining relating to intangible assets for each of the years ending March 31, 2025 through 2029 is estimated to be approximately $ million, $ million, $ million, $ million, and $ million, respectively.

Debt

Debt	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Debt Instrument [Line Items]
Debt	7. Debt Total debt of the Company, excluding film related obligations, was as follows: March 31, March 31, (Amounts in millions) Senior Credit Facilities: Revolving Credit Facility $ 575.0 $ —  Term Loan A 399.3 428.2 Term Loan B 819.2 831.7 Total corporate debt 1,793.5 1,259.9 Unamortized debt issuance costs (10.2 ) (16.3 ) Total debt, net 1,783.3 1,243.6 Less current portion (860.3 ) (41.4 ) Non-current $ 923.0 $ 1,202.2 The following table sets forth future annual contractual principal payment commitments of debt as of March 31, 2024: Maturity 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 Senior Credit Facilities (Revolving Credit Facility, Term Loan A and Term Loan B) Revolving Credit Facility Availability of Funds & Commitment Fee. Maturity Date: • Revolving Credit Facility & Term Loan A: • Term Loan B: Interest: • Revolving Credit Facility & Term Loan A: 0.75 zero • Term Loan B: Required Principal Payments: • Term Loan A: • Term Loan B: The Term Loan A and Term Loan B also require mandatory prepayments in connection with certain asset sales, subject to certain significant exceptions, and the Term Loan B is subject to additional mandatory repayment from specified percentages of excess cash flow, as defined in the Credit Agreement. Optional Prepayment: • Revolving Credit Facility, Term Loan A & Term Loan B: Security. Covenants. Change in Control. Lionsgate Senior Notes As discussed in Note 1, the Senior Notes of Lionsgate are not reflected in the Studio Business combined financial statements. The Studio Business remains a guarantor under the Senior Notes indenture agreement. The outstanding principal balance of the Senior Notes was $715.0 million and $800.0 million at March 31, 2024 and 2023, respectively, with a maturity date of April 15, 2029. The Studio Business guarantee would be applicable if an event of default were to occur by Lionsgate. As of March 31, 2024, Lionsgate was in compliance with all applicable covenants with respect to the Senior Notes and no events of default had occurred. See Note 21 for the Lionsgate Senior Notes exchanged in May 2024. Debt Transactions Term Loan A Prepayment Credit Agreement Amendment. See the Accounting for the Credit Agreement Amendment Term Loan B Repurchases. During the year ended March , , the Company completed a series of repurchases of the Term Loan B and, in aggregate, paid $ million to repurchase $ million principal amount of the Term Loan B. Loss on Extinguishment of Debt During Year Ended March 31, 2024 2023 2022 (Amounts in millions) Loss on Extinguishment of Debt: Production loan prepayment (1) $ (1.3 ) $ —  $ —  Term Loan A prepayment —  (1.3 ) —  Credit Agreement amendment (Revolving Credit Facility and Term Loan A) (2) —  —  (1.7 ) Termination of a portion of Revolving Credit Facility commitments —  —  (1.1 ) Term Loan B repurchases and other —  —  (0.6 ) $ (1.3 ) $ (1.3 ) $ (3.4 ) (1) Represents issuance costs written off in connection with the early prepayment of certain production loans (see Note 8). (2) See Accounting for the Credit Agreement Amendment Accounting for the Credit Agreement Amendment in Fiscal 2022: Revolving Credit Facility Credit Agreement Amendment on April 6, 2021. • Unamortized debt issuance costs: amount creditor-by-creditor • Fees paid to creditors and third-party costs: Term Loan A Credit Agreement Amendment on April 6, 2021. creditor-by-creditor % on a creditor by creditor basis, that portion was considered a debt extinguishment. For new participating creditors, their portion of the debt was treated as new issuances to new creditors. Accordingly, the associated costs were accounted for as follows: • Unamortized debt issuance costs, third-party costs and fees paid to creditors: creditor-by-creditor For all of the above transactions, debt issuance costs recorded as a reduction of outstanding debt are amortized using the effective interest method. The following table summarizes the accounting for the Credit Agreement Amendment on April 6, 2021, as described above: Year Ended March 31, 2022 Loss on Recorded as a Total (Amounts in millions) Credit Agreement amendment (Revolving Credit Facility and Term Loan A): New debt issuance costs and call premiums $ 0.6 $ 5.6 $ 6.2 Previously incurred debt issuance costs 1.1 18.4 19.5 $ 1.7 $ 24.0 $ 25.7

Film Related Obligations

Film Related Obligations	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film Related Obligations	8. Film Related Obligations March 31, March 31, (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 $ 544.9 $ 1,016.4 The following table sets forth future annual repayment of film related obligations as of March , : 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). Production Loans . Production Tax Credit Facility. non-recourse The maximum principal amount of the Production Tax Credit Facility is $260.0 million, su b production or exploitation of motion pictures and television programming in such jurisdiction. Cash collections from the underlying collateral (tax credit receivables) are used to repay the Production Tax Credit Facility. As of March 31, 2024, tax credit receivables amounting to $341.4 million represented collateral related to the Production Tax Credit Facility. Advances under the Production Tax Credit Facility bear interest at a rate equal to SOFR plus 0.10% to 0.25% depending on the SOFR term (i.e., one, three or six months), plus 1.50% per annum or the base rate plus 0.50% per annum (effective interest rate of 6.92% at March 31, 2024). The Production Tax Credit Facility matures on January 27, 2025. IP Credit Facility. 161.9 Cumulative Period From September 29, 2022 Through: Cumulative 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 Advances under the IP Credit Facility bear interest at a rate equal to, at the Company’s option, SOFR plus 0.11% to 0.26% depending on the SOFR term (i.e., one or three months) plus 2.25% per annum (with a SOFR floor of 0.25%) or the base rate plus 1.25% per annum (effective interest rate of 7.75% at March 31, 2024). The IP Credit Facility matures on July 30, 2027. Backlog Facility and Other: Backlog Facility. Other. 2024, there was $112.3 million outstanding under the “other” loans, incurring SOFR-based interest at a weighted average rate of 6.89 88.2

Trust Account

Trust Account	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Trust Account	NOTE 6-TRUST A total of $750,000,000, which includes $735,000,000 of the net proceeds from the Public Offering and $15,000,000 from the sale of the private placement warrants, has been placed in the Trust Account. As of March 31, 2024, investment securities in the Company’s Trust Account consisted of $ 804,228,813 in a demand deposit account. As of December 31, 2023, investment securities in the Company’s Trust Account consisted of $ 794,750,266 in money market funds. The Company classifies its Treasury Instruments and equivalent securities as held to maturity in accordance with ASC 320, “Investments-Debt and Equity Securities”. Held-to-maturity Held-to-maturity In January 2022, the Company adopted the FASB-issued ASU No. 2016-13, available-for-sale The following table presents fair value information as of December 31, 2023 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. Since all of the Company’s permitted investments consist of a money market fund and a demand deposit account, fair values of its investments are determined by Level 1 inputs utilizing quoted prices (unadjusted) in active markets for identical assets as follows: Quoted Prices Money market fund as of December 31, 2023 $ 794,750,266 Transfers to/from Levels 1, 2, and 3 are recognized at the end of the reporting period. There were no transfers between levels for the three months ended March 31, 2024. The Company uses inputs such as actual tra	Note 6-Trust A total of $750,000,000, which includes $735,000,000 of the net proceeds from the Public Offering and $15,000,000 from the sale of the private placement warrants, has been placed in the Trust Account. As of December 31, 2023, investment securities in the Company’s Trust Account consisted of $794,750,266 in money market fund. As December 31, 2022, investment securities in the Company’s Trust Account consisted of $759,271,905 in United States Treasury Bills and $441,037 held in money market fund. The Company classifies its Treasury Instruments and equivalent securities as held to maturity in accordance with ASC 320, “Investments-Debt and Equity Securities”. Held-to-maturity Held-to-maturity In January 2022, the Company adopted the FASB issued Accounting Standards Update (“ASU”) No. 2016-13, available-for-sale The following tables presents fair value information as of December 31, 2023 and 2022 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In addition, the table presents the carrying value (held to maturity), excluding accrued interest income and gross unrealized holding loss. Since all of the Company’s permitted investments consist of U.S. government treasury bills and cash, fair values of its investments are determined by Level 1 inputs utilizing quoted prices (unadjusted) in active markets for identical assets as follows: Quoted Prices in Active Markets (Level 1) Money market fund as of December 31, 2022 $ 441,037 Money market fund as of December 31, 2023 $ 794,750,266 Transfers to/from Levels 1, 2, and 3 are recognized at the end of the reporting period. There were no transfers between levels for the years ended December 31, 2023 and 2022. Level 1 instruments consist of investments in U.S. Treasury securities. The Company uses inputs such as actual trade data, benchmar k The carrying value, excluding gross unrealized holding gain and fair value of held to maturity securities on December 31 Amortized Cost Gross Holding Gain Quoted Prices in Active Markets (Level 1) U.S. Government Treasury Securities as of December 31, 2022 (1) $ 759,271,905 $ 161,421 $ 759,433,326 (1) Maturity date March 23, 2023.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
Commitments and Contingencies	NOTE 7-COMMITMENTS Registration Rights The holders of the Founder Shares, private placement warrants and warrants that may be issued upon conversion of the Working Capital Loans (and any Class A Ordinary Shares issuable upon the exercise of the private placement warrants and warrants that may be issued upon conversion of Working Capital Loans and upon conversion of the Founder Shares) are entitled to registration rights pursuant to a registration rights agreement to be signed prior to or on the effective date of the Initial Public Offering requiring the Company to register a sale of any of the securities held by them, including any other securities of the Company acquired by them prior to the consummation of the Company’s initial Business Combination. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggyback” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination. The Company bears the expenses incurred in connection with the filing of any such registration statements. Risks and Uncertainties United States and global markets are experiencing volatility and disruption following the geopolitical instability resulting from the ongoing Russia-Ukraine conflict and the recent escalation of the Israel-Hamas conflict. In response to the ongoing Russia-Ukraine conflict, the North Atlantic Treaty Organization (“NATO”) deployed additional military forces to eastern Europe, and the United States, the United Kingdom, the European Union and other countries have announced various sanctions and restrictive actions against Russia, Belarus and related individuals and entities, including the removal of certain financial institutions from the Society for Worldwide Interbank Financial Telecommunication payment system. Certain countries, including the United States, have also provided and may continue to provide military aid or other assistance to Ukraine and to Israel, increasing geopolitical tensions among a number of nations. The invasion of Ukraine by Russia and the escalation of the Israel-Hamas conflict and the resulting measures that have been taken, and could be taken in the future, by NATO, the United States, the United Kingdom, the European Union, Israel and its neighboring states and other countries have created global security concerns that could have a lasting impact on regional and global economies. Although the length and impact of the ongoing conflicts are highly unpredictable, they could lead to market disruptions, including significant volatility in commodity prices, credit and capital markets, as well as supply chain interruptions and increased cyberattacks against U.S. companies. Additionally, any resulting sanctions could adversely affect the global economy and financial markets and lead to instability and lack of liquidity in capital markets. Any of the above mentioned factors, or any other negative impact on the global economy, capital markets or other geopolitical conditions resulting from the Russian invasion of Ukraine, the escalation of the Israel-Hamas conflict and subsequent sanctions or related actions, could adversely affect the Company’s search for an initial business combination and any target business with which the Company may ultimately consummate an initial business combination. Underwriting Agreement The Company had granted the underwriters a 45-day In addition, the underwriters were entitled to a deferred fee of $ 0.35 per Unit, or $ 26,250,000 in the aggregate. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. On January 3, 2024, in consideration of Citigroup Global Markets Inc.’s (“Citi”) engagement as the Company’s financial advisor and placement agent in the PIPE 26,250,000 deferred underwriting fee payable to it pursuant to the terms of that certain underwriting agreement, dated January 5, 2022 (the “Underwriting Agreement”), by and between the Company and Goldman Sachs & Co. LLC (“Goldman Sachs”) and Citi, as representatives of the underwriters, which deferred underwriting fee would have been due upon the closing of the Lionsgate Business Combination. Such adjustments modified Citi’s entitlement to its portion of the deferred underwriting fee to be equal to a specific percentage of the amount remaining in the Trust Account, after giving effect to the redemption rights exer cised by the Company’s public shareholders and certain other adjustments. Each of Citi and Morgan Stanley & Co. LLC (“Morgan Stanley”), are serving as co-placement agents in the PIPE and for such role will receive a fee equal to a specific percentage of the total funds raised in the PIPE. Morgan Stanley will also receive an incremental fee equal to a specific percentage of the amount remaining in the Trust Account at the closing of the Lionsgate Business Combination. In addition, on January 3, 2024, the Company received a letter from Goldman Sachs whereby Goldman Sachs waived its entitlement to its portion of the $ 26,250,000 deferred underwriting fee payable pursuant to the Underwriting Agreement. The Company did not seek out the reasons why Goldman Sachs waived its deferred underwriting fee, despite Goldman Sachs having already completed its services under the Underwriting Agreement. Goldman Sachs received no additional consideration for the waiver of its entitlement to the deferred underwriting fee. Upon receipt of the waiver, offering costs of $ 17,325,000 were adjusted to temporary equity on the accompanying consolidated statements of changes in shareholders’ deficit.		Note 7-Commitments Registration Rights The holders of the Founder Shares, private placement warrants and warrants that may be issued upon conversion of the Working Capital Loans (and any Class A ordinary shares issuable upon the exercise of the private placement warrants and warrants that may be issued upon conversion of Working Capital Loans and upon conversion of the Founder Shares) are entitled to registration rights pursuant to a registration rights agreement to be signed prior to or on the effective date of the initial public offering requiring the Company to register a sale of any of the securities held by them, including any other securities of the Company acquired by them prior to the consummation of the Company’s initial business combination. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination. The Company bears the expenses incurred in connection with the filing of any such registration statements. Risks and Uncertainties United States and global markets are experiencing volatility and disruption following the geopolitical instability resulting from the ongoing Russia-Ukraine conflict and the recent escalation of the Israel-Hamas conflict. In response to the ongoing Russia-Ukraine conflict, the North Atlantic Treaty Organization (“NATO”) deployed additional military forces to eastern Europe, and the United States, the United Kingdom, the European Union and other countries have announced various sanctions and restrictive actions against Russia, Belarus and related individuals and entities, including the removal of certain financial institutions from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment system. Certain countries, including the United States, have also provided and may continue to provide military aid or other assistance to Ukraine and to Israel, increasing geopolitical tensions among a number of nations. The invasion of Ukraine by Russia and the escalation of the Israel- Hamas conflict and the resulting measures that have been taken, and could be taken in the future, by NATO, the United States, the United Kingdom, the European Union, Israel and its neighboring states and other countries have created global security concerns that could have a lasting impact on regional and global economies. Although the length and impact of the ongoing conflicts are highly unpredictable, they could lead to market disruptions, including significant volatility in commodity prices, credit and capital markets, as well as supply chain interruptions and increased cyber-attacks against U.S. companies. Additionally, any resulting sanctions could adversely affect the global economy and financial markets and lead to instability and lack of liquidity in capital markets. Any of the above mentioned factors, or any other negative impact on the global economy, capital markets or other geopolitical conditions resulting from the Russian invasion of Ukraine, the escalation of the Israel-Hamas conflict and subsequent sanctions or related actions, co u ne Underwriting Agreement The Company had granted the underwriters a 45-day In addition, the underwriters are entitled to a deferred fee of $0.35 per Unit, or $26,250,000 in the aggregate. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. Subsequent to December 31, 2023, Goldman Sachs (as 26,250,000
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
Commitments and Contingencies		17. Commitments and Contingencies Commitments The following table sets forth the Company’s future annual repayment of contractual commitments as of March 31, 2024: Year Ending March 31, 2025 2026 2027 2028 2029 Thereafter Total (Amounts in millions) Contractual commitments by expected repayment date (off-balance Film related obligations commitments (1) $ 221.4 $ 45.6 $ 11.8 $ 4.5 $ —  $ —  $ 283.3 Interest payments (2) 126.3 39.5 9.9 3.1 —  —  178.8 Other contractual obligations 98.5 57.3 47.7 35.7 32.4 178.3 449.9 Total future commitments under contractual obligations (3) $ 446.2 $ 142.4 $ 69.4 $ 43.3 $ 32.4 $ 178.3 $ 912.0 (1) Film related obligations commitments are not reflected on the combined balance sheets as they did not then meet the criteria for recognition and include the following items: (i) Distribution and marketing commitments represent contractual commitments for future expenditures associated with distribution and marketing of films which the Company will distribute. The payment dates of these amounts are primarily based on the anticipated release date of the film. (ii) Minimum guarantee commitments represent contractual commitments related to the purchase of film rights for pictures to be delivered in the future. (iii) Production loan commitments represent amounts committed for future film production and development to be funded through production financing and recorded as a production loan liability when incurred. Future payments under these commitments are based on anticipated delivery or release dates of the related film or contractual due dates of the commitment. The amounts include estimated future interest payments associated with the commitment. (2) Includes cash interest payments on the Company’s Senior Credit Facilities and film related obligations, based on the applicable SOFR interest rates at March 31, 2024, net of payments and receipts from the Company’s interest rate swaps, and excluding the interest payments on the revolving credit facility as future amounts are not fixed or determinable due to fluctuating balances and interest rates. (3) Not included in the amounts above are $123.3 million of redeemable noncontrolling interest, as future amounts and timing are subject to a number of uncertainties such that the Company is unable to make sufficiently reliable estimations of future payments (see Note 11). Multiemployer Benefit Plans. The Company does not participate in any multiemployer benefit plans that are considered to be individually significant to the Company, and as of March 31, 2024, all except two of the largest plans in which the Company participates were funded at a level of 80% or greater. The other two plans, the Motion Picture Industry Pension Plan and the Screen Actors Guild—Producers Pension Plan were funded at 71.20% and 79.06%, respectively, for the 2023 plan year, but neither of these plans were considered to be in endangered, critical, or critical and declining status in the 2023 plan year. Total contributions made by the Company to multiemployer pension and other benefit plans for the years ended March 31, 2024, 2023 and 2022 were $58.0 million, $87.0 million and $90.4 million, respectively. Contingencies From time to time, the Company is involved in certain claims and legal proceedings arising in the normal course of business. The Company establishes an accrued liability for claims and legal proceedings when the Company determines that a loss is both probable and the amount of the loss can be reasonably estimated. Once established, accruals are adjusted from time to time, as appropriate, in light of additional information. The amount of any loss ultimately incurred in relation to matters for which an accrual has been established may be higher or lower than the amounts accrued for such matters. As of March 31, 2024, the Company is not a party to any material pending claims or legal proceeding and is not aware of any other claims that it believes could, individually or in the aggregate, have a material adverse effect on the Company’s financial position, results of operations or cash flows. Insurance Litigation During the fiscal year ended March 31, 2022, the Company settled with all of the insurers in its previous lawsuits related to insurance reimbursements associated with the previous Starz shareholder litigation settlement, which resulted in a net settlement amount received by the Company of $22.7 million in the fiscal year ended March 31, 2022, which is included in the “interest and other income” line item on the combined statement of operations.

Shareholders' Deficit

Shareholders' Deficit	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Shareholders' Deficit	NOTE 8-SHAREHOLDERS’ DEFICIT Preference Shares - Comp preference shares with a par value of $ per share. The Company’s board of directors will be authorized to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the shares of each series. The board of directors will be able to, without shareholder approval, issue preference shares with voting and other rights that could adversely affect the voting power and other rights of the holders of the ordinary shares and could have anti-takeover effects. At March 31, 2024 and December 31, 2023, there were no preference shares issued or outstanding. Class A Ordinary Shares - The Company is au Class A Ordinary Shares, with a par value of $ per share. Holders of Class A Ordinary Shares are entitled to for each share. At March 31, 2024 and December 31, 2023, there were Class A Ordinary Shares issued and outstanding subject to possible redemption. Class B Ordinary Shares - Company is authorized to issue Founder Shares, with a par value of $ per share. Holders of the Founder Shares are entitled to for each share. On November 5, 2021, the Sponsor paid an aggregate of $ to cover certain offering and formation costs of the Company in consideration for of the Company’s Class B Ordinary Shares (the “Founder Shares”). On December 13, 2021, the Company effected a share recapitalization with respect to the Founder Shares whereby the Company issued Founder Shares in respect of each outstanding Founder Share, resulting in the Sponsor owning Founder Shares. The Founder Shares included an aggregate of up to shares subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment was not exercised in full or in part, so that the number of Founder Shares would collectively represent % of the Company’s issued and outstanding shares upon the completion of the Initial Public Offering. On February 19, 2022, Founder Shares were forfeited because the underwriters did not exercise their over-allotment option, resulting in the Sponsor holding Founder Shares. Holders of the Founder Shares will be entitled to vote on the appointment and removal of directors or continuing the Company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend the constitutional documents of the Company or to adopt new constitutional documents of the Company, in each case, as a result of the Company approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). On any other matter submitted to a vote of the shareholders prior to or in connection with the completion of the initial Business Combination, holders of the Founder Shares and holders of the Class A Ordinary Shares will vote together as a single class, except as required by law. The Founder Shares will automatically convert into Class A Ordinary Shares concurrently with or immediately following the completion of a Business Combination on a one-for-one one-for-one	Note 8-Shareholders’ Preference Shares -The Company is authorized to issue preference shares with a par value of $ preference shares issued or outstanding. Class A Ordinary Shares - Class A ordinary shares issued or outstanding. Class B Ordinary Shares - Company is authorized to issue Class B or ary shares, with a par value of $ per share. Holders of the Class B ordinary shares are entitled to for each share. On November 5, 2021, the Sponsor paid an aggregate of $ to cover certain offering and formation costs of the Company in consideration for of the Company’s Class B ordinary shares (the “Founder Shares”). On December 13, 2021, the Company effected a share recapitalization with respect to the Founder Shares whereby the Company issued Founder Shares in respect of each outstanding Founder Share, resulting in the Sponsor owning Founder Shares. The Founder Shares included an aggregate of up to shares subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment was not exercised in full or in part, so that the number of Founder Shares would collectively represent % of the Company’s issued and outstanding shares upon the completion of the initial public offering. On February 19, 2022, Founder Shares were forfeited because the underwriters did not exercise their over-allotment option, resulting in the Sponsor holding Founder Shares. Holders of the Founder Shares will be entitled to vote on the appointment and removal of directors or continuing the Company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend the constitutional documents of the Company or to adopt new constitutional documents of the Company, in each case, as a result of the Company approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). On any other matter submitted to a vote of the shareholders prior to or in connection with the completion of the initial business combination, holders of the Founder Shares and holders of the Class A ordinary shares will vote together as a single class, except as required by law. The Founder Shares will automatically convert into Class A ordinary one-for-one u one-for-one

Warrants

Warrants	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Warrants and Rights Note Disclosure [Abstract]
Warrants	NOTE 9-WARRANTS As of March 31, 2024 and December 31, 2023, the Company has Public Warrants and private placement warrants outstanding. The Public Warrants may only be exercised for a whole number of shares. No fractional warrants will be issued upon separation of the Units and only whole warrants will trade. The Public Warrants will become exercisable 30 days after the completion of a Business Combination. The Public Warrants will expire five years from the completion of a Business Combination, or earlier upon redemption or liquidation. The Company will not be obligated to deliver any Class A Ordinary Shares pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act with respect to the Class A Ordinary Shares underlying the warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration. No warrant will be exercisable and the Company will not be obligated to issue a Class A Ordinary Share upon exercise of a warrant unless the Class A Ordinary Share issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. The Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of a Business Combination, it will use its commercially reasonable efforts to file with the SEC a post-effective amendment to the registration statement for the Company’s Initial Public Offering or a new registration statement for the registration, under the Securities Act, of the Class A Ordinary Shares issuable upon exercise of the warrants. The Company will use its best efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the warrants in accordance with the provisions of the warrant agreement. If a registration statement covering the Class A Ordinary Shares issuable upon exercise of the warrants is not effective by the 60th business day after the closing of a Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. In addition, if the Class A Ordinary Shares are at the time of any exercise of a warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of the Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company elects to do so, the Company will not be required to file or maintain in effect a registration statement, but it will use its best efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. Once the warrants b (1) in whole and not in part; (2) at a price of $0.01 per Public Warrant; (3) upon not less than 30 days’ prior written notice of redemption to each warrant holder; and (4) if, and only if, the reported closing price of the ordinary shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions, 30-trading If and when the warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. If the Company calls the Public Warrants for redemption, as described above, its management will have the option to require any holder that wishes to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of ordinary shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except as described below, the Public Warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Public Warrants. If the Company is unable to complete a Business Combination within the Completion Window and the Company liquidates the funds held in the Trust Account, holders of Public Warrants will not receive any of such funds with respect to their Public Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such Public Warrants. Accordingly, the Public Warrants may expire worthless. The private placement warrants will be identical to the public warrants underlying the Units being sold in the Initial Public Offering, except that (i) the private placement warrants will not be redeemable by the Company, (ii) the private placement warrants and the Class A Ordinary Shares issuable upon the exercise of the private placement warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions, (iii) the private placement warrants will be exercisable on a cashless basis, (iv) will use a different Black-Scholes Warrant Model for purposes of calculating the Black-Scholes Warrant Value (as defined in the Warrant Agreement) and (v) the private placement warrants and the Class A Ordinary Shares issuable upon exercise of the private placement warrants will be entitled to registration rights. If the private placement warrants are held by someone other than the initial purchasers or their permitted transferees, the private placement warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.	Note 9-Warrants As of December 31, 2023 and 2022, the Company has 25,000,000 Public Warrants and 11,733,333 private placement warrants outstanding. The Public Warrants may only be exercised for a whole number of shares. No fractional warrants will be issued upon separation of the Units and only whole warrants will trade. The Public Warrants will become exercisable 30 days after the completion of a Business Combination. The Public Warrants will expire five years from the completion of a Business Combination, or earlier upon redemption or liquidation. The Company will not be obligated to deliver any Class A ordinary shares pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act with respect to the Class A ordinary shares underlying the warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration. No warrant will be exercisable and the Company will not be obligated to issue a Class A ordinary share upon exercise of a warrant unless the Class A ordinary share issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. The Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of a Business Combination, it will use its commercially reasonable efforts to file with the SEC a post-effective amendment to the registration statement of which this Form 10-K In addition, if the Class A ordinary shares are at the time of any exercise of a warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holder s Once the warrants become exercisable, the Company may redeem the outstanding Public Warrants: (1) in whole and not in part; (2) at a price of $0.01 per Public Warrant; (3) upon not less than 30 days’ prior written notice of redemption to each warrant holder; and (4) if, and only if, the reported closing price of the ordinary shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions, 30-trading If and when the warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. If the Company calls the Public Warrants for redemption, as described above, its management will have the option to require any holder that wishes to exercise the Public Warrants to do so on a “cashless basis,” as described in the Warrant Agreement. The exercise price and number of ordinary shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except as described below, the Public Warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will The private placement warrants will be identical to the public warrants underlying the Units being sold in the initial public offering, except that (i) the private placement warrants will not be redeemable by the Company, (ii) the private placement warrants and the Class A ordinary shares issuable upon the exercise of the private placement warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions, (iii) the private placement warrants will be exercisable on a cashless basis, (iv) will use a different Black-Scholes Warrant Model for purposes of calculating the Black-Scholes Warrant Value (as defined in the Warrant Agreement) and (v) the private placement warrants and the Class A ordinary shares issuable upon exercise of the private placement warrants will be entitled to registration rights. If the private placement warrants are held by someone other than the initial purchasers or their permitted transferees, the private placement warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

PIPE with Reduction Right Liabi

PIPE with Reduction Right Liability	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Disclosure Of Private Investment In Public Equity [Abstract]
PIPE with Reduction Right Liability	NOTE 10-PIPE WITH REDUCTION RIGHT LIABILITY Concurrently with the execution of the Business Combination Agreement, the Company, New SEAC and Lions Gate Parent entered into subscription agreements with certain institutional and accredited investors (the “PIPE Investors” and the subscription agreements, the “Initial Subscription Agreements”) pursuant to which the PIPE Investors have agreed, subject to the terms and conditions set forth therein, to subscribe for and purchase from Pubco, immediately following the Amalgamations, an aggregate of approximately 18,172,378 Pubco Common Shares (the “PIPE Shares”), at a purchase price of $ 9.63 per share, for an aggregate cash amount of $ 175,000,000 . The Initial Subscription Agreements have a variable amount of shares at settlement to the extent the PIPE Investors exercise their Reduction Right, subject to certain other conditions. Pursuant to the Initial Subscription Agreements, a PIPE Investor may elect to reduce the number of PIPE Shares it is obligated to purchase under its Initial Subscription Agreement (the “Reduction Right”), on a one-for-one basis, up to the total amount of PIPE Shares subscribed thereunder, to the extent a PIPE Investor (i) purchases Class A Ordinary Shares in open market transactions at a price of less than the Closing redemption price per share prior to the record date established for voting at the extraordinary general meeting of the Company’s shareholders (the “SEAC Shareholders’ Meeting”) (the “Open Market Purchase Shares”), subject to certain conditions, and (ii) beneficially owned any Class A Ordinary Shares as of the date of its Initial Subscription Agreement, subject to certain conditions (both as described above). If such PIPE Investors exercise their Reduction Right and meet these conditions, then for every Class A Ordinary Share for which such PIPE Investor exercises its Reduction Right, such PIPE Investor will be entitled to purchase from the Company 0.1111 newly issued Class A Ordinary Shares at a purchase price of $ 0.0001 per share, which shares will be issued by the Company prior to the SEAC Merger (the “Reduction Right Shares”). If the Reduction Right is exercised by any PIPE Investors, this would result in the Company raising additional incremental common equity proceeds relative to the aggregate cash PIPE proceeds of $ and issuing Reduction Right Shares. The Initial Subscription Agreements were evaluated under ASC 815 and meet the criteria for liability classification since the shares in the settlement are variable based on an input not considered to be inputs to the fair value of a fixed-for-fixed forward or option on equity shares. As such, the PIPE with reduction right liability is recorded at its initial fair value on the date the Company entered the Initial Subscription Agreements (or December 22, 2023), and each balance sheet date thereafter. Changes in the estimated fair value of the liability are recognized as a non-cash gain or loss on the statements of operations. The fair value of the liability is discussed in Note 11. This liability will cease to exist upon the earlier of the closing of the transactions contemplated by the Initial Subscription Agreements or expiration of the Initial Subscription Agreements. For the avoidance of doubt, the PIPE reflects common equity in the pro forma, combined company and will be accounted for as such after the closing of the Lionsgate Business Combinat ion.	Note 10-PIPE with Reduction Right Liability PIPE Shares The Subscription Agreements have a variable amount of shares at settlement to the extent the PIPE Investors exercise their Reduction Right, subject to certain other conditions. Pursuant to the Subscription Agreements, a PIPE Inves tor m Agreement (the “ Reduction Right Open Market Purchase Shares Reduction Right Shares If the Reduction Right is exercised by any PIPE Investors, this would result in the Company raising additional incremental common equity proceeds relative to the aggregate cash PIPE proceeds of $175,000,000 and issuing Reduction Right Shares. The Subscription Agreements were evaluated under ASC 815 and meet the criteria for liability classification since the shares in the settlement are variable based on an input not considered to be inputs to the fair value of a fixed-for-fixed forward or option on equity shares. As such, the PIPE with reduction right liability is recorded at its initial fair value on the date the Company entered the Subscription Agreements (or December 22, 2023), and each balance sheet date thereafter. Changes in the estimated fair value of the liability are recognized as a non-cash gain or loss on the statements of operations. The fair value of the liability is discussed in Note 11. This liability will cease to exist upon the earlier of the closing of the transactions contemplated by the Subscription Agreements or expiration of the Subscription Agreements. For the avoidance of doubt, the PIPE reflects common equity in the pro forma, combined company and will be accounted for as such after the closing of the Business Combination with StudioCo.

Recurring Fair Value Measuremen

Recurring Fair Value Measurements	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Recurring Fair Value Measurements	NOTE 11-RECURRING FAIR VALUE MEASUREMENT As of March 31, 2024, investment securities in the Company’s Trust Account consisted of $ 804,228,813 in a demand deposit account. As of December 31, 2023, investment securities in the Company’s Trust Account consisted of $ 794,750,266 in a money market fund. See Note 6 for fair value information for the Trust Account. The fair value of private placement warrants was initially and subsequently measured at fair value using a Black-Scholes Option Pricing Model. For the three months ended March 31, 2024, the Company recognized a gain resulting from a decrease in the fair value of the private placement warrants of $ 234,667 . The gain from change in fair value of the private placement warrants are presented as change in fair value of warrant liability in the accompanying unaudited consolidated statement 469,333 , presented as change in fair value of warrant liability in the accompanying unaudited consolidated statement The following table sets forth by level within the fair value hierarchy the Company’s liability that was accounted for at fair value on a recurring basis: (Level 1) (Level 2) (Level 3) Private placement warrants as of March 31, 2024 $ —  $ —  $ 234,667 PIPE with reduction right liability as of March 31, 2024 $ —  $ —  $ 19,399,127 (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2023 $ —  $ —  $ 469,333 PIPE with reduction right liability as of December 31, 2023 $ —  $ —  $ 18,253,010 The following table provides quantitative information regarding Level 3 fair value measurements inputs as of their measurement dates: March 31, December 31, Ordinary share price $ 10.70 $ 10.60 Exercise price $ 11.50 $ 11.50 Volatility 40 % 45 % Term 5.11 5.28 Risk-free rate 4.21 % 3.85 % Dividend yield 0 % 0 % Probability of completing Lionsgate Business Combination (1) 94.9 % 91.0 % Probability of completing a different business combination 0.6 % (2) 0.8 % ( 3 ) Note: The private placement will be forfeited for no consideration if the announced Lionsgate Business Combination is completed (estimated probability of 94.9 % as of March 31, 2024). (1) Estimated by solving for the implied probability of completing the Lionsgate Business Combination based on the public warrant price and the contemplated exchange price of $0.50, adjusted for the time value of money. (2) Derived as follows: 11%*(1-94.9%), where 11 % represents the probability of completing a different business combination based on public trading of rights for special purpose acquisition companies and 94.9 % represents the probability of completing the Lionsgate Business Combination. (3) Derived as follows: 9%*(1-91%), where 9 % represents the probability of completing a different business combination based on public trading of rights for special purpose acquisition companies and 91 % represents the probability of completing the Lionsgate Business Combination. The change in the fair value of the warrant liabilities for the three months ended March 31, 2024 and 2023 is summarized as follows: Level 3 Derivative warrant liability at December 31, 2023 $ 469,333 Change in fair value of derivative warrant liability (234,666 ) Level 3 Derivative warrant liability at March 31, 2024 $ 234,667 Level 3 Derivative warrant liability at December 31, 202 2 $ 3,285,333 Change in fair value of derivative warrant liability (469,333 ) Level 3 Derivative warrant liability at March 31, 202 3 $ 2,816,000 The following table provides quantitative information regarding Level 3 fair value measurement inputs for the PIPE with reduction right liability as of their measurement dates: Inputs: As of As of Ordinary share stock price $ 10.70 $ 10.60 Term (1) 0.11 0.28 Risk-free rate of interest (2) 5.37 % 5.20 % Probability of completing the Lionsgate Business Combination (3) 94.9 % 91 % (1) Assumes the transaction closes on May 10, 2024 as of March 31, 2024 and April 10, 2024 as of December 31, 2023. (2) Reflects 1-month 3-month (3) Estimated by solving for the implied probability of completing the Lionsgate Business Combination based on the public warrant price and the contemplated exchange price of $0.50, adjusted for the time value of money. The change in the fair value of the PIPE with reduction right liability for the quarter ended March 31, 2024 is summarized as follows: Level 3 PIPE reduction right liability December 31, 2022 $ — Issuance of PIPE with reduction right liability on December 22, 2023 18,797,300 Change in fair value of PIPE reduction right liability (544,290 ) Level 3 PIPE reduction right liability December 31, 2023 18,253,010 Change in fair value of PIPE reduction right liability 1,146,117 Level 3 PIPE reduction right liability March 31, 2024 $ 19,399,127	Note 11-Recurring Fair Value Measurements As of December 31, 2023, investment securities in the Company’s Trust Account consisted of $ in a money market fund. As of December 31, 2022, investment securities in the Company’s Trust Account consisted of $ in United States Treasury Bills and $ The fair value of private placement warrants was initially and subsequently measured at fair value using a Black-Scholes Option Pricing Model. For the year s ate The fair value of the PIPE with reduction right liability was initially and subsequently measured at fair value utilizing observable market prices for public shares, relative to the present value of contractual cash proceeds, each adjusted for the probability of closing the Business Combination with StudioCo. For the year ended December 31, 2023, the Company recognized a PIPE with reduction right expense of $18,797,300 and a gain resulting from a decrease in the fair value of the PIPE with reduction right liability of $544,290. The gain is presented as a change in fair value of PIPE with reduction right liability in the accompanying consolidated statements of operations. The following table sets forth by level within the fair value hierarchy the Company’s liabilities that were accounted for at fair value on a recurring basis: (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2023 $ —  $ —  $ 469,333 PIPE with reduction right liability as of December 31, 2023 $ —  $ —  $ 18,253,010 (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2022 $ —  $ —  $ 3,285,333 The following table provides quantitative information regarding Level 3 fair value measurement inputs for the private placement warrants as of their measurement dates: Inputs: As of December 31, 2023 As of December 31, 2022 Ordinary share stock price $ 10.60 $ 9.94 Exercise price 11.50 11.50 Volatility 45 % 31 % Term 5.28 5.75 Risk-free rate of interest 3.85 % 3.98 % Dividend yield 0 % 0 % Probability of completing the Business Combination 91 % (1) N/A Probability of completing a different business combination 0.8 % (2) 9 % (3) Note: The private placement will be forfeited for no consideration if the announced Business Combination with StudioCo is completed (estimated probability of (1) Estimated by solving for the implied probability of completing the Business Combination with StudioCo (2) Derived as follows: 9%*(1-91%), with StudioCo (3) Based on public trading of rights for special purpose acquisition companies and their implied business combination probabilities as of December 31, 2022. The change in the fair value of the warrant liabilities for the years ended December 31, 2022 and 2023, respectively, is summarized as follows: Level 3 Derivative warrant liability at December 31, 2021 $ — Issuance of Private Warrants on January 10, 2022 17,482,666 Change in fair value of derivative warrant liability (14,197,333 ) Level 3 Derivative warrant liability at December 31, 2022 3,285,333 Change in fair value of derivative warrant liability (2,816,000 ) Level 3 Derivative warrant liability at December 31, 2023 $ 469,333 The following table provides quantitative information regarding Level 3 fair value measurement inputs for the PIPE with reduction right liability as of their measurement dates: Inputs: As of As of Ordinary share stock price $ 10.62 $ 10.60 Term (1) 0.30 0.28 Risk-free rate of interest (2) 5.24 % 5.20 % Probability of completing the Business Combination (3) 91 % 91 % (1) Assumes the transaction closes on April 10, 2024. (2) Reflects 3-month US treasury, secondary market rate as of the valuation date. (3) Estimated by solving for the implied probability of completing the Business Combination with St u based on the public warrant price and the contemplated exchange price of $ 0.50 , adjusted for the time value of money. The change in the fair value of the PIPE with reduction right liability for the year ended December 31, 2023 is summarized as follows: Level 3 PIPE reduction right liability December 31, 2022 $ —   Issuance of PIPE with 18,797,300 Change in fair value of PIPE reduction right liability (544,290 ) Level 3 PIPE with $ 18,253,010

Noncontrolling Interests

Noncontrolling Interests	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Noncontrolling Interests	11. Noncontrolling Interests Redeemable Noncontrolling Interests Redeemable noncontrolling interests (included in temporary equity on the combined balance sheets) primarily relate to 3 Arts Entertainment and Pilgrim Media Group, as further described below. Redeemable noncontrolling interests are measured at the greater of (i) the redemption amount that would be paid if settlement occurred at the balance sheet date less the amount attributed to unamortized noncontrolling interest discount if applicable, or (ii) the historical value resulting from the original acquisition date value plus or minus any earnings or loss attribution, plus the amount of amortized noncontrolling interest discount, less the amount of cash distributions that are not accounted for as compensation, if any. The amount of the redemption value in excess of the historical values of the noncontrolling interest, if any, is recognized as an increase to redeemable noncontrolling interest and a charge to parent net investment. The table below presents the reconciliation of changes in redeemable noncontrolling interests: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Beginning balance $ 343.6 $ 321.2 $ 219.1 Net loss attributable to redeemable noncontrolling interests (14.9 ) (9.2 ) (17.7 ) Noncontrolling interests discount accretion —  13.2 22.7 Adjustments to redemption value 83.4 78.4 98.6 Other (1) (93.2 ) 1.7 —  Cash distributions (1.0 ) (6.6 ) (1.5 ) Purchase of noncontrolling interest (194.6 ) (55.1 ) —  Ending balance $ 123.3 $ 343.6 $ 321.2 (1) In fiscal 2024, amounts represent the reclassification of a portion of the 3 Arts Entertainment redeemable noncontrolling interest from mezzanine equity to a liability, as further described below. 3 Arts Entertainment: Accounting Prior to Acquisition of Additional Interest on January 2, 2024. of 3 Arts Entertainment. The noncontrolling interest was subject to put and call options at fair value that were exercisable during the year ended March 31, 2024. The put and call options were determined to be embedded in the noncontrolling interest, and because the put rights were outside the control of the Company, the noncontrolling interest holder’s interest prior to the modification discussed below was included in redeemable noncontrolling interest outside of equity on the Company’s combined balance sheets. The noncontrolling interest holders are employees of 3 Arts Entertainment. Pursuant to the various 3 Arts Entertainment acquisition and related agreements, a portion of the noncontrolling interest holders’ participation in the put and call proceeds was based on the noncontrolling interest holders’ performance during the period. Further, if the employment of a noncontrolling interest holder is terminated, under certain circumstances, their participation in distributions cease and the put and call value was discounted from the fair value of their equity ownership percentage. Accordingly, earned distributions were accounted for as compensation and were being expensed within general and administrative expense as incurred. Additionally, the amount of the put and call proceeds subject to the discount was accounted for as compensation, and amortized over the vesting period within general and administrative expense and reflected as an addition to redeemable noncontrolling interest over the vesting period which ended in November 2022. A portion of the purchase price of the controlling interest in 3 Arts Entertainment, up to $38.3 million, was recoupable for a five-year period commencing on the acquisition date of May 29, 2018, contingent upon the continued employment of certain employees, or the achievement of certain EBITDA targets, as defined in the 3 Arts Entertainment acquisition and related agreements. Accordingly, $38.3 million was initially recorded as a deferred compensation arrangement within other current and non-current Acquisition of Additional Interest. On January , , Lionsgate closed on the acquisition of an additional % of Arts Entertainment representing approximately half of the noncontrolling interest for $ million. In addition, Lionsgate purchased certain profit interests held by certain managers and entered into certain option rights agreements, which replaced the put and call rights discussed above by providing noncontrolling interest holders the right to sell to the Company and Lionsgate the right to purchase their remaining %) interest beginning in . The purchase of the additional 25% interest in 3 Arts Entertainment for $194.1 million was recorded as a reduction of noncontrolling interest which had previously been adjusted to its redemption value, which equaled fair value. At the completion of the purchase, a portion of the noncontrolling interest continued to be considered compensatory, as it was subject to forfeiture provisions upon termination of employment under certain circumstances, and the remaining portion represented the noncontrolling interest holders’ fully vested equity interest. Under the new arrangement, the holders’ right to sell their interest to the Company, and the Company’s right to purchase the noncontrolling interest, are based on a formula-based amount (i.e., a fixed EBITDA multiple), subject to a minimum purchase price, rather than being based on fair value. Since the redemption features described above were based on a formula using a fixed multiple, the compensatory portion of the noncontrolling interest is now considered a liability award, and as a result, approximately $93.2 million was reclassified from mezzanine equity to a liability, and is reflected in “other liabilities—non-current” million in the quarter ended March 31, 2024, representing the excess of the fair value of the modified award over amounts previously expensed. This incremental expense was reflected in “restructuring and other” in the combined statement of operations, and as a reduction of parent net investment in equity, reflected in the “redeemable noncontrolling interests adjustments to redemption value” line item in the combined statements of equity (deficit). As of March 31, 2024, the Company had a remaining redeemable noncontrolling interest balance related to 3 Arts Entertainment of $93.2 million, reflecting the fully vested equity portion of the noncontrolling interest, which remains classified as redeemable noncontrolling interest outside of equity on the Company’s combined balance sheets due to the purchase and sale rights beginning in 2027 which were determined to be embedded in the noncontrolling interest, and are outside the control of the Company. The redeemable noncontrolling interest will be adjusted to its redemption value through parent net investment through the sale or purchase right date in January 2027. The liability component of the noncontrolling interest, amounting to Pilgrim Media Group: In connection with the acquisition of a controlling interest in Pilgrim Media Group on November 12, 2015, the Company recorded a redeemable noncontrolling interest of $90.1 million, representing 37.5% of Pilgrim Media Group. Pursuant to an amendment dated April 2, 2021, the put and call rights associated with the Pilgrim Media Group noncontrolling interest were extended and modified, such that the noncontrolling interest holder had a right to put and the Company had a right to call a portion of the noncontrolling interest, equal to 25% of Pilgrim Media Group, at fair value, exercisable for thirty (30) days beginning November 12, 2022. On November 14, 2022, the noncontrolling interest holder exercised the right to put a portion of the noncontrolling interest, equal to 25% of Pilgrim Media Group. In February 2023, the Company paid $36.5 million as settlement of the exercised put option, and recorded a reduction to redeemable noncontrolling interest of $55.1 million representing the carrying value of the noncontrolling interest purchased, with the difference between the carrying value of the noncontrolling interest purchased and the cash paid for the settlement of the put recorded as an increase to parent net investment of $18.6 million. The noncontrolling interest holder has a right to put and the Company has a right to call the remaining amount of noncontrolling interest at fair value, subject to a cap, exercisable for thirty (30) days beginning November 12, 2024, as amended. The put and call options have been determined to be embedded in the noncontrolling interest, and because the put rights are outside the control of the Company and require partial cash settlement, the noncontrolling interest holder’s interest is presented as redeemable noncontrolling interest outside of equity on the Company’s combined balance sheets. Other: The Company has other immaterial redeemable noncontrolling interests. Other Noncontrolling Interests The Company has other immaterial noncontrolling interests that are not redeemable.

Revenue

Revenue	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Disaggregation of Revenue [Line Items]
Revenue	12. Revenue Revenue by Segment, Market or Product Line The table below presents revenues by segment, market or product line for the fiscal years ended March 31, 2024, 2023 and 2022. The Motion Picture and Television Production segments include the revenues of eOne from the acquisition date of December 27, 2023 (see Note 2). Year Ended March 31, 2024 2023 2022 (Amounts in millions) Revenue by Type: Motion Picture Theatrical $ 226.5 $ 120.7 $ 65.3 Home Entertainment Digital Media 652.3 527.5 497.1 Packaged Media 84.0 70.5 115.0 Total Home Entertainment 736.3 598.0 612.1 Television 274.4 217.8 257.9 International 391.0 365.0 234.4 Other 28.1 22.2 15.6 Total Motion Picture revenues (1) 1,656.3 1,323.7 1,185.3 Television Production Television 788.5 1,144.3 1,094.5 International 228.8 277.7 256.5 Home Entertainment Digital Media 240.6 241.7 85.1 Packaged Media 2.0 3.3 6.9 Total Home Entertainment 242.6 245.0 92.0 Other 70.2 93.1 88.0 Total Television Production revenues (2) 1,330.1 1,760.1 1,531.0 Total revenues $ 2,986.4 $ 3,083.8 $ 2,716.3 (1) Total Motion Picture revenues for the years ended March 31, 2024, 2023 and 2022, includes $128.2 million, $44.2 million, and $38.0 million, respectively, of revenues from licensing Motion Picture segment product to the Starz Business. (2) Total Television Production revenues for the years ended March 31, 2024, 2023 and 2022, includes $417.7 million, $731.3 million, and $610.2 million, respectively, of revenues from licensing Television Production segment product to the Starz Business. Remaining Performance Obligations Remaining performance obligations represent deferred revenue on the balance sheet plus fixed fee or minimum guarantee contracts where the revenue will be recognized and the cash received in the future (i.e., backlog). Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at March 31, 2024 are as follows: Year Ending March 31, 2025 2026 2027 Thereafter Total (Amounts in millions) Remaining Performance Obligations $ 1,180.1 $ 486.3 $ 48.5 $ 51.0 $ 1,765.9 The above table does not include estimates of variable consideration for transactions involving sales or usage-based royalties in exchange for licenses of intellectual property. The revenues included in the above table include all fixed fee contracts regardless of duration. Revenues of $290.6 million, including variable and fixed fee arrangements, were recognized during the year ended March 31, 2024 from performance obligations satisfied prior to March 31, 2023. These revenues were primarily associated with the distribution of television and theatrical product in electronic sell-through and video-on-demand Accounts Receivable, Contract Assets and Deferred Revenue The timing of revenue recognition, billings and cash collections affects the recognition of accounts receivable, contract assets and deferred revenue (see Note 1). See the combined balance sheets or Note 19 for accounts receivable, contract assets and deferred revenue balances at March 31, 2024 and 2023. Accounts Receivable. The Company performs ongoing credit evaluations and monitors its credit exposure through active review of customers’ financial condition, aging of receivable balances, historical collection trends, and expectations about relevant future events that may significantly affect collectability. The Company generally does not require collateral for its trade accounts receivable. Changes in the provision for doubtful accounts consisted of the following: March 31, (Benefit) Other (1) Uncollectible written-off (2) March 31, (Amounts in millions) Trade accounts receivable $ 8.7 $ (0.3 ) $ 1.3 $ (3.3 ) $ 6.4 (1) Represents the provision for doubtful accounts acquired in the acquisition of eOne (see Note 2). (2) Represents primarily accounts receivable previously reserved for bad debt from customers in Russia, related to Russia’s invasion of Ukraine. Contract Assets. holdbacks in cases in which the Company is required to deliver additional episodes or seasons of television content in order to receive payment, complete certain administrative activities, such as guild filings, or allow the Company’s customers’ audit rights to expire. See Note 19 for further details of contract assets at March 31, 2024 and 2023. Deferred Revenue.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Share-Based Compensation	13. Share-Based Compensation General. The following disclosures of unit data are based on grants related directly to Company employees and Lionsgate corporate and shared employees, and exclude unit data related to employees of the Starz Business. The amounts presented are not necessarily indicative of future awards and do not necessarily reflect the results that the Company would have experienced as a standalone company for the periods presented. Stock options are generally granted at exercise prices equal to or exceeding the market price of shares of existing Lionsgate common stock at the date of grant. Substantially all stock options vest ratably over one five seven one The measurement of all share-based awards uses a fair value method and the recognition of the related share-based compensation expense in the combined financial statements is recorded over the requisite service period. Further, Lionsgate estimates forfeitures for share-based awards that are not expected to vest. As share-based compensation expense allocated to the Company and recognized in the Company’s combined financial statements is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures. Share-Based Compensation Expense. Year Ended March 31, 2024 2023 2022 (Amounts in millions) Compensation Expense: Stock options $ 1.7 $ 2.3 $ 9.6 Restricted share units and other share-based compensation 37.7 39.3 38.6 Share appreciation rights 0.4 0.9 2.4 Total Studio employee share-based compensation expense 39.8 42.5 50.6 Corporate allocation of share-based compensation 15.0 26.7 19.6 54.8 69.2 70.2 Impact of accelerated vesting on equity awards (1) 7.7 4.2 —  Total share-based compensation expense 62.5 73.4 70.2 Tax impact (2) (15.1 ) (17.8 ) (16.7 ) Reduction in net income $ 47.4 $ 55.6 $ 53.5 (1) Represents the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements. (2) Represents the income tax benefit recognized in the statements of operations for share-based compensation arrangements prior to the effects of changes in the valuation allowance. Share-based compensation expense, by expense category, consisted of the following: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Share-Based Compensation Expense: General and administration $ 54.8 $ 69.2 $ 70.2 Restructuring and other 7.7 4.2 —  $ 62.5 $ 73.4 $ 70.2 Stock Options The following table sets forth the stock option, and share appreciation rights (“SARs”) activity on grants related directly to the Company employees and Lionsgate corporate and shared service employees during the year ended March 31, 2024: Stock Options and SARs Existing Class A Common Stock Existing Class B Common Stock Number Weighted- Weighted- Aggregate (2) Number Weighted- Weighted- Aggregate (2) (Amounts in millions, except for weighted-average exercise price and years) Outstanding at March 31, 2023 4.3 $ 26.35 19.0 $ 15.50 Granted —  $ —  0.3 $ 8.88 Exercised —  (1) $ 7.70 (0.1 ) $ 7.11 Forfeited or expired (1.9 ) $ 30.81 (2.1 ) $ 27.72 Outstanding at March 31, 2024 2.4 $ 22.96 2.51 $ 0.1 17.1 $ 13.92 5.12 $ 5.9 Vested or expected to vest at March 31, 2024 2.4 $ 22.96 2.51 $ 0.1 17.0 $ 13.94 5.11 $ 5.9 Exercisable at March 31, 2024 2.4 $ 22.96 2.51 $ 0.1 16.4 $ 14.16 4.96 $ 5.6 (1) Represents less than 0.1 million shares. (2) The intrinsic value is calculated for each in the money stock option and SAR as the difference between the closing price of Lionsgate’s common stock on March 31, 2024 and the exercise price. The fair value of each option award is estimated on the date of grant using a closed-form option valuation model (Black-Scholes). The following table presents the weighted average grant-date fair value of options granted in the years ended March 31, 2024, 2023 and 2022, and the weighted average applicable assumptions used in the Black-Scholes option-pricing model for stock options and share-appreciation rights granted during the years then ended: Year Ended March 31, 2024 2023 2022 Weighted average fair value of grants $4.63 $4.56 $6.16 Weighted average assumptions: Risk-free interest rate (1) 4.3% - 4.5% 2.8% - 3.7% 1.1% - 2.45% Expected option lives (in years) (2) 3.3 -7 years 3.5 -7 years 3.3 -7 years Expected volatility for options (3) 46% -47% 44% 42% -44% Expected dividend yield (4) 0% 0% 0% (1) The risk-free rate assumed in valuing the options is based on the U.S. Treasury Yield curve in effect applied against the expected term of the option at the time of the grant. (2) The expected term of options granted represents the period of time that options granted are expected to be outstanding. (3) Expected volatilities are based on implied volatilities from traded options on Lionsgate’s shares, historical volatility of Lionsgate’s shares and other factors. (4) The expected dividend yield is estimated by dividing the expected annual dividend by the market price of Lionsgate’s shares at the date of grant. The total intrinsic value (based on Lionsgate’s share price) of options exercised during the year ended March 31, 2024 was $0.2 million (2023 — $1.1 million, 2022 — $2.1 million ). During the year ended March , , less than million shares and — less than million shares) were cancelled to fund withholding tax obligations upon exercise of options. Restricted Share U nits The following table sets forth the restricted share unit and restricted stock activity on grants related directly to Company employees and Lionsgate corporate and shared service employees during the year ended March 31, 2024: Restricted Share Units and Restricted Stock Existing Class A Weighted- Existing Weighted- (Amounts in millions, except for weighted-average grant date fair value) Outstanding at March 31, 2023 —  (1) $ 10.95 10.8 $ 9.90 Granted 0.1 $ 8.87 6.3 $ 8.22 Vested —  (1) $ 10.89 (7.0 ) $ 9.37 Forfeited —  $ —  (0.3 ) $ 8.64 Outstanding at March 31, 2024 0.1 $ 9.27 9.8 $ 8.93 (1) Represents less than 0.1 million shares. The fair values of restricted share units and restricted stock are determined based on the market value of the shares on the date of grant. The total fair value of restricted share units and restricted stock vested during the year ended March 31, 2024 was $67.5 million (2023—$40.0 million, 2022—$51.0 million). The following table summarizes the total remaining unrecognized compensation cost as of March 31 non-vested Total Unrecognized Compensation Cost Weighted Average Remaining Years (Amounts in Stock Options $ 2.3 1.5 Restricted Share Units and Restricted Stock 40.5 1.6 Total (1) $ 42.8 (1) Represents remaining unrecognized compensation cost related to the Company’s employees and an allocation of compensation costs for Lionsgate corporate and shared service employees. Under Lionsgate’s stock option and long term incentive plans, Lionsgate withholds shares to satisfy minimum statutory federal, state and local tax withholding obligations arising from the vesting of restricted share units and restricted stock. During the year ended March 31, 2024, 3.0 million shares (2023 — 1.5 million shares, 2022—1.8 m illion Lionsgate, and hence the Company, becomes entitled to an income tax deduction in an amount equal to the taxable income reported by the holders of the stock options and restricted share units when vesting or exercise occurs, the restrictions are released and the shares are issued. Restricted share units are forfeited if the employees are terminated prior to vesting. The Company recognized excess tax deficiencies of $7.4 million associated with its equity awards in its tax provision for the year ended March 31, 2024 (2023— benefits of $8.7 million, 2022 — deficiencies of $12.7 million). Other Share-Based Compensation Pursuant to the terms of certain employment agreements, during the year ended March 31, 2024, Lionsgate granted the equivalent of $2.3 million (2023—$2.3 million, 2022—$2.3 million) in shares to certain Company employees through the term of their employment contracts, which were recorded as compensation expense in the applicable period. Pursuant to this arrangement, for the year ended March 31, 2024, Lionsgate issued 0.2 million shares (2023—0.3 million shares, 2022-0.1 million shares), net of shares withheld to satisfy minimum tax withholding obligations.

Leases

Leases	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Lessee Operating Leases [Line Items]
Leases	9. Leases The Company has operating leases primarily for office space, studio facilities, and other equipment. The Company’s leases have remaining lease terms of up to approximately 12.25 years. The following disclosures are based on leases whereby the Company has a contract for which the leased asset and lease liability is recognized on the Company’s combined balance sheets and reflect leases related to the Studio Business’s operations and Lionsgate corporate leases. The amounts presented are not necessarily indicative of future lease arrangements and do not necessarily reflect the results that the Company would have experienced as a standalone company for the periods presented. The components of lease cost were as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Operating lease cost (1) $ 48.7 $ 35.3 $ 42.1 Short-term lease cost (2) 96.2 145.0 233.1 Variable lease cost (3) 3.0 2.8 1.3 Total lease cost $ 147.9 $ 183.1 $ 276.5 (1) Operating lease cost amounts primarily represent the amortization of right-of-use (2) Short-term lease cost primarily consists of leases of facilities and equipment associated with film and television productions and are capitalized when incurred. (3) Variable lease cost primarily consists of insurance, taxes, maintenance and other operating costs. Supplemental balance sheet information related to leases was as follows: Category Balance Sheet Location March 31, March 31, Operating Leases (Amounts in millions) Right-of-use Other assets—non-current $ 344.3 $ 116.8 Lease liabilities (current) Other accrued liabilities $ 44.4 $ 37.7 Lease liabilities (non-current) Other liabilities—non-current 329.7 96.4 $ 374.1 $ 134.1 March 31, March 31, Weighted average remaining lease term (in years): Operating leases 9.4 4.3 Weighted average discount rate: Operating leases 5.37 % 3.65 % The expected future payments relating to the Company’s lease liabilities at March , are as follows: Operating Leases (Amounts in Year ending March 31, 2025 $ 62.9 2026 56.1 2027 49.3 2028 49.2 2029 45.4 Thereafter 220.8 Total lease payments 483.7 Less imputed interest (109.6 ) Total $ 374.1 As of March 31, 2024, the Company has entered into certain leases that have not yet commenced primarily related to studio facilities, for which construction related to those leases has not yet been completed. The leases are for terms up to 12.25 years, commencing upon completion of construction (currently expected to be ranging from calendar years 2025 to 2026). The leases include an option to extend the initial term for an additional 10 years to 12 years. The total minimum lease payments under these leases in aggregate are approximately $250.9 million.

Fair Value Measurements

Fair Value Measurements	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements	NOTE 11-RECURRING FAIR VALUE MEASUREMENT As of March 31, 2024, investment securities in the Company’s Trust Account consisted of $ 804,228,813 in a demand deposit account. As of December 31, 2023, investment securities in the Company’s Trust Account consisted of $ 794,750,266 in a money market fund. See Note 6 for fair value information for the Trust Account. The fair value of private placement warrants was initially and subsequently measured at fair value using a Black-Scholes Option Pricing Model. For the three months ended March 31, 2024, the Company recognized a gain resulting from a decrease in the fair value of the private placement warrants of $ 234,667 . The gain from change in fair value of the private placement warrants are presented as change in fair value of warrant liability in the accompanying unaudited consolidated statement 469,333 , presented as change in fair value of warrant liability in the accompanying unaudited consolidated statement The following table sets forth by level within the fair value hierarchy the Company’s liability that was accounted for at fair value on a recurring basis: (Level 1) (Level 2) (Level 3) Private placement warrants as of March 31, 2024 $ —  $ —  $ 234,667 PIPE with reduction right liability as of March 31, 2024 $ —  $ —  $ 19,399,127 (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2023 $ —  $ —  $ 469,333 PIPE with reduction right liability as of December 31, 2023 $ —  $ —  $ 18,253,010 The following table provides quantitative information regarding Level 3 fair value measurements inputs as of their measurement dates: March 31, December 31, Ordinary share price $ 10.70 $ 10.60 Exercise price $ 11.50 $ 11.50 Volatility 40 % 45 % Term 5.11 5.28 Risk-free rate 4.21 % 3.85 % Dividend yield 0 % 0 % Probability of completing Lionsgate Business Combination (1) 94.9 % 91.0 % Probability of completing a different business combination 0.6 % (2) 0.8 % ( 3 ) Note: The private placement will be forfeited for no consideration if the announced Lionsgate Business Combination is completed (estimated probability of 94.9 % as of March 31, 2024). (1) Estimated by solving for the implied probability of completing the Lionsgate Business Combination based on the public warrant price and the contemplated exchange price of $0.50, adjusted for the time value of money. (2) Derived as follows: 11%*(1-94.9%), where 11 % represents the probability of completing a different business combination based on public trading of rights for special purpose acquisition companies and 94.9 % represents the probability of completing the Lionsgate Business Combination. (3) Derived as follows: 9%*(1-91%), where 9 % represents the probability of completing a different business combination based on public trading of rights for special purpose acquisition companies and 91 % represents the probability of completing the Lionsgate Business Combination. The change in the fair value of the warrant liabilities for the three months ended March 31, 2024 and 2023 is summarized as follows: Level 3 Derivative warrant liability at December 31, 2023 $ 469,333 Change in fair value of derivative warrant liability (234,666 ) Level 3 Derivative warrant liability at March 31, 2024 $ 234,667 Level 3 Derivative warrant liability at December 31, 202 2 $ 3,285,333 Change in fair value of derivative warrant liability (469,333 ) Level 3 Derivative warrant liability at March 31, 202 3 $ 2,816,000 The following table provides quantitative information regarding Level 3 fair value measurement inputs for the PIPE with reduction right liability as of their measurement dates: Inputs: As of As of Ordinary share stock price $ 10.70 $ 10.60 Term (1) 0.11 0.28 Risk-free rate of interest (2) 5.37 % 5.20 % Probability of completing the Lionsgate Business Combination (3) 94.9 % 91 % (1) Assumes the transaction closes on May 10, 2024 as of March 31, 2024 and April 10, 2024 as of December 31, 2023. (2) Reflects 1-month 3-month (3) Estimated by solving for the implied probability of completing the Lionsgate Business Combination based on the public warrant price and the contemplated exchange price of $0.50, adjusted for the time value of money. The change in the fair value of the PIPE with reduction right liability for the quarter ended March 31, 2024 is summarized as follows: Level 3 PIPE reduction right liability December 31, 2022 $ — Issuance of PIPE with reduction right liability on December 22, 2023 18,797,300 Change in fair value of PIPE reduction right liability (544,290 ) Level 3 PIPE reduction right liability December 31, 2023 18,253,010 Change in fair value of PIPE reduction right liability 1,146,117 Level 3 PIPE reduction right liability March 31, 2024 $ 19,399,127		Note 11-Recurring Fair Value Measurements As of December 31, 2023, investment securities in the Company’s Trust Account consisted of $ in a money market fund. As of December 31, 2022, investment securities in the Company’s Trust Account consisted of $ in United States Treasury Bills and $ The fair value of private placement warrants was initially and subsequently measured at fair value using a Black-Scholes Option Pricing Model. For the year s ate The fair value of the PIPE with reduction right liability was initially and subsequently measured at fair value utilizing observable market prices for public shares, relative to the present value of contractual cash proceeds, each adjusted for the probability of closing the Business Combination with StudioCo. For the year ended December 31, 2023, the Company recognized a PIPE with reduction right expense of $18,797,300 and a gain resulting from a decrease in the fair value of the PIPE with reduction right liability of $544,290. The gain is presented as a change in fair value of PIPE with reduction right liability in the accompanying consolidated statements of operations. The following table sets forth by level within the fair value hierarchy the Company’s liabilities that were accounted for at fair value on a recurring basis: (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2023 $ —  $ —  $ 469,333 PIPE with reduction right liability as of December 31, 2023 $ —  $ —  $ 18,253,010 (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2022 $ —  $ —  $ 3,285,333 The following table provides quantitative information regarding Level 3 fair value measurement inputs for the private placement warrants as of their measurement dates: Inputs: As of December 31, 2023 As of December 31, 2022 Ordinary share stock price $ 10.60 $ 9.94 Exercise price 11.50 11.50 Volatility 45 % 31 % Term 5.28 5.75 Risk-free rate of interest 3.85 % 3.98 % Dividend yield 0 % 0 % Probability of completing the Business Combination 91 % (1) N/A Probability of completing a different business combination 0.8 % (2) 9 % (3) Note: The private placement will be forfeited for no consideration if the announced Business Combination with StudioCo is completed (estimated probability of (1) Estimated by solving for the implied probability of completing the Business Combination with StudioCo (2) Derived as follows: 9%*(1-91%), with StudioCo (3) Based on public trading of rights for special purpose acquisition companies and their implied business combination probabilities as of December 31, 2022. The change in the fair value of the warrant liabilities for the years ended December 31, 2022 and 2023, respectively, is summarized as follows: Level 3 Derivative warrant liability at December 31, 2021 $ — Issuance of Private Warrants on January 10, 2022 17,482,666 Change in fair value of derivative warrant liability (14,197,333 ) Level 3 Derivative warrant liability at December 31, 2022 3,285,333 Change in fair value of derivative warrant liability (2,816,000 ) Level 3 Derivative warrant liability at December 31, 2023 $ 469,333 The following table provides quantitative information regarding Level 3 fair value measurement inputs for the PIPE with reduction right liability as of their measurement dates: Inputs: As of As of Ordinary share stock price $ 10.62 $ 10.60 Term (1) 0.30 0.28 Risk-free rate of interest (2) 5.24 % 5.20 % Probability of completing the Business Combination (3) 91 % 91 % (1) Assumes the transaction closes on April 10, 2024. (2) Reflects 3-month US treasury, secondary market rate as of the valuation date. (3) Estimated by solving for the implied probability of completing the Business Combination with St u based on the public warrant price and the contemplated exchange price of $ 0.50 , adjusted for the time value of money. The change in the fair value of the PIPE with reduction right liability for the year ended December 31, 2023 is summarized as follows: Level 3 PIPE reduction right liability December 31, 2022 $ —   Issuance of PIPE with 18,797,300 Change in fair value of PIPE reduction right liability (544,290 ) Level 3 PIPE with $ 18,253,010
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements		10. Fair Value Measurements Fair Value Accounting guidance and standards about fair value define fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair Value Hierarchy Fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The accounting guidance and standards establish three levels of inputs that may be used to measure fair value: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 — Unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities. The following table sets forth the assets and liabilities required to be carried at fair value on a recurring basis as of March 31, 2024 and 2023: March 31, 2024 March 31, 2023 Level 1 Level 2 Total Level 1 Level 2 Total (Amounts in millions) Assets: Forward exchange contracts (see Note 18) $ —  $ —  $ —  $ —  $ 2.9 $ 2.9 Interest rate swaps (see Note 18) —  35.6 35.6 —  41.1 41.1 Liabilities: Forward exchange contracts (see Note 18) —  (2.8 ) (2.8 ) —  (0.1 ) (0.1 ) The following table sets forth the carrying values and fair values of the Company’s outstanding debt, film related obligations, and interest rate swaps at March 31, 2024 and 2023: March 31, 2024 March 31, 2023 (Amounts in millions) Carrying Value Fair (1) Carrying Fair (1) (Level 2) (Level 2) Term Loan A $ 396.6 $ 397.3 $ 424.2 $ 415.4 Term Loan B 816.9 818.1 827.2 817.1 Production Loans 1,286.2 1,292.2 1,346.1 1,349.9 Production Tax Credit Facility 258.7 260.0 229.4 231.8 Backlog Facility and Other 285.4 287.3 223.7 226.0 IP Credit Facility 107.6 109.9 140.8 143.8 (1) The Company measures the fair value of its outstanding debt and interest rate swaps using discounted cash flow techniques that use observable market inputs, such as SOFR-based yield curves, swap rates, and credit ratings (Level 2 measurements). The Company’s financial instruments also include cash and cash equivalents, accounts receivable, accounts payable, content related payables, other accrued liabilities, other liabilities, and borrowings under the Revolving Credit Facility, if any. The carrying values of these financial instruments approximated the fair values at March 31, 2024 and 2023.

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Income Taxes	14. Income Taxes The components of pretax income (loss), net of intercompany eliminations, are as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) United States $ (143.8 ) $ (33.5 ) $ 20.4 International 71.1 38.9 (9.2 ) $ (72.7 ) $ 5.4 $ 11.2 The Company’s current and deferred income tax provision are as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Current provision: Federal $ 20.4 $ 3.2 $ 5.7 States 5.6 (0.5 ) 3.2 International 12.6 10.0 7.2 Total current provision 38.6 $ 12.7 $ 16.1 Deferred provision: Federal (3.4 ) 0.4 0.9 States 0.3 (0.1 ) 0.3 International (1.3 ) 1.3 —  Total deferred provision (4.4 ) 1.6 1.2 Total provision for income taxes $ 34.2 $ 14.3 $ 17.3 The Company’s income tax provision differs from the federal statutory rate multiplied by pre-tax pre-tax The differences between income taxes expected at U.S. statutory income tax rates and the income tax provision are as set forth below: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Income taxes computed at Federal statutory rate $ (15.3 ) $ 1.1 $ 2.4 Foreign operations subject to different income tax rates 6.8 5.0 7.1 State income tax 5.9 (0.6 ) 3.5 Remeasurements of originating deferred tax assets and liabilities 4.7 (4.7 ) (9.2 ) Permanent differences 0.1 2.1 —  Nondeductible share-based compensation 1.2 1.8 (2.7 ) Nondeductible officers compensation 7.7 9.8 5.1 Non-controlling 18.6 1.8 3.7 Foreign derived intangible income (2.4 ) (1.4 ) —  Other 2.7 1.7 1.5 Changes in valuation allowance 4.2 (2.3 ) 5.9 Total provision for income taxes $ 34.2 $ 14.3 $ 17.3 The income tax effects of temporary differences between the book value and tax basis of assets and liabilities are as follows: March 31, 2024 March 31, 2023 (Amounts in millions) Deferred tax assets: Net operating losses $ 241.9 $ 94.1 Foreign tax credits —  7.2 Intangible assets 9.5 —  Accrued compensation 42.9 50.7 Operating leases- liabilities 83.5 24.4 Other assets 50.7 14.5 Reserves 21.1 8.0 Interest 68.0 21.8 Total deferred tax assets 517.6 220.7 Valuation allowance (341.6 ) (152.2 ) Deferred tax assets, net of valuation allowance 176.0 68.5 Deferred tax liabilities: Intangible assets —  (8.0 ) Investment in film and television programs (56.9 ) (3.6 ) Unrealized gains on derivative contracts (32.9 ) (33.5 ) Operating leases—assets (78.2 ) (21.9 ) Other (21.7 ) (19.6 ) Total deferred tax liabilities (189.7 ) (86.6 ) Net deferred tax liabilities $ (13.7 ) $ (18.1 ) The Company has recorded valuation allowances for certain deferred tax assets, which are primarily related to U.S. and foreign net operating loss carryforwards and U.S. foreign tax credit carryforwards as sufficient uncertainty exists regarding the future realization of these assets. As computed on a separate return basis, with the combined historical results of the Studio Business presented on a managed basis as discussed in Note 1, at March 31, 2024, the Company had state net operating loss carryforwards of approximately of approximately $ million, which would expire in varying amounts beginning in 2025, Canada net operating loss carryforwards of approximately $359.6 million which expire in varying amounts beginning in 2036, Spain net operating loss carryforwards of approximately $96.1 million which expire in varying amounts beginning in 2036, and U.K. net operating loss carryforwards of approximately $ million with no expiration. However, under the managed basis of presentation of the Studio Business, the combined historical results exclude certain deductions and other items and therefore, for purposes of these combined financial statements, these items are not reflected in the calculations of net operating loss carryforwards of the Studio Business. The following table summarizes the changes to the gross unrecognized tax benefits, exclusive of interest and penalties, for the years ended March 31, 2024, 2023 and 2022: Amounts in millions Gross unrecognized tax benefits at March 31, 2021 $ 0.6 Increases related to current year tax position —  Increases related to prior year tax positions 0.4 Decreases related to prior year tax positions —  Settlements —  Lapse in statute of limitations —  Gross unrecognized tax benefits at March 31, 2022 1.0 Increases related to current year tax position —  Increases related to prior year tax positions —  Decreases related to prior year tax positions —  Settlements —  Lapse in statute of limitations (0.7 ) Gross unrecognized tax benefits at March 31, 2023 0.3 Increases related to current year tax position —  Increases related to prior year tax positions 5.3 Decreases related to prior year tax positions —  Settlements —  Lapse in statute of limitations (0.3 ) Gross unrecognized tax benefits at March 31, 2024 $ 5.3 The Company records interest and penalties on unrecognized tax benefits as part of its income tax provision. For the years ended March 31, 2024, 2023 and 2022, the Company recognized insignificant amounts of net interest and penalties related to uncertain tax positions. The total amount of unrecognized tax benefits as of March 31, 2024 that, if recognized, would benefit the Company’s tax provision are $0.4 million. The Company estimates the liability for unrecognized tax benefits may decrease by approximately $1.5 million in the next twelve months. The Company is subject to taxation in the U.S. and various state, local, and foreign jurisdictions. To the extent allowed by law, the taxing authorities may have the right to examine prior periods where net operating loss carryforwards were generated and carried forward and make adjustments up to the amount of the net operating loss carryforwards. Currently, audits are occurring in various U.S. federal, state and local tax jurisdictions for tax years ended in 2018 through 2020. Lionsgate is currently under examination by the Canadian tax authority for the years ended March 31, 2018 through March 31, 2019.

Restructuring and Other

Restructuring and Other	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Restructuring and Other	15. Restructuring and Other Restructuring and other includes restructuring and severance costs, certain transaction and other costs, and certain unusual items, when applicable. During the years ended March 31, 2024, 2023 and 2022, the Company also incurred certain other unusual charges or benefits, which are included in direct operating expense and distribution and marketing expense in the combined statements of operations and are described below. The following table sets forth restructuring and other and these other unusual charges or benefits and the statement of operations line items they are included in for the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Restructuring and other: Content and other impairments (1) $ 12.8 $ 5.9 $ —  Severance (2) Cash 27.5 10.8 2.8 Accelerated vesting on equity awards (see Note 13) 7.7 4.2 —  Total severance costs 35.2 15.0 2.8 COVID-19 —  0.1 1.0 Transaction and other costs (3) 84.9 6.2 2.5 Total Restructuring and Other 132.9 27.2 6.3 Other unusual charges not included in restructuring and other or the Company’s operating segments: Content charges included in direct operating expense (4) 1.5 8.1 —  COVID-19 (5) (0.9 ) (8.9 ) (5.2 ) Charges related to Russia’s invasion of Ukraine included in direct operating expense (6) —  —  5.9 Total restructuring and other and other unusual charges not included in restructuring and other $ 133.5 $ 26.4 $ 7.0 (1) Amounts in the fiscal year ended March 31, 2024 include $12.8 million of development costs written off in connection with changes in strategy in the Television Production segment as a result of the acquisition of eOne. Amounts in the fiscal year ended March 31, 2023 include an impairment of an operating lease right-of-use (2) Severance costs in the fiscal years ended March 31, 2024, 2023 and 2022 were primarily related to restructuring activities and other cost-saving initiatives. In fiscal 2024, amounts were due to restructuring activities including integration of the acquisition of eOne and our Motion Picture and Television Production segment. (3) Amounts in the fiscal years ended March 31, 2024, 2023 and 2022 reflect transaction, integration and legal costs associated with certain strategic transactions, and restructuring activities and also include costs and benefits associated with legal and other matters. In fiscal 2024, these amounts include $49.2 million associated with the acquisition of additional interest in 3 Arts Entertainment. Due to the new arrangement representing a modification of terms of the compensation element under the previous arrangement which resulted in the reclassification of the equity award to a liability award, the Company recognized incremental compensation expense of $ 49.2 in fiscal 2024 includes approximately $16.6 million of a loss associated with a theft at a production of a 51% owned consolidated entity. The Company expects to recover a portion of this amount under its insurance coverage and from the noncontrolling interest holders of this entity. The remaining amounts in fiscal 2024 primarily represent acquisition and integration costs related to the acquisition of eOne, and costs associated with the separation of the Starz Business from the Studio Business. (4) Amounts represent certain unusual content charges. In the fiscal year ended March 31, 2023, the amounts represent development costs written off as a result of changes in strategy across the Company’s theatrical slate in connection with certain management changes and changes in the theatrical marketplace in the Motion Picture segment. These charges are excluded from segment results and included in amortization of investment in film and television programs in direct operating expense on the combined statement of operations. (5) Amounts reflected in direct operating expense include incremental costs associated with the pausing and restarting of productions including paying/hiring certain cast and crew, maintaining idle facilities and equipment costs resulting from COVID-19 1.0 8.4 15.6 (6) 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. Changes in the restructuring and other severance liability were as follows for the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Severance liability Beginning balance $ 3.7 $ 0.8 $ 3.9 Accruals 27.5 10.8 2.8 Severance payments (11.9 ) (7.9 ) (5.9 ) Ending balance (1) $ 19.3 $ 3.7 $ 0.8 (1) As of March 31, 2024, the remaining severance liability of approximately $19.3 million is expected to be paid in the next 12 months.

Segment Information

Segment Information	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Segment Reporting Information [Line Items]
Segment Information	16. Segment Information The Company’s reportable segments have been determined based on the distinct nature of their operations, the Company’s internal management structure, and the financial information that is evaluated regularly by the Company’s chief operating decision maker. The Company has two reportable business segments: (1) Motion Picture and (2) Television Production. Motion Picture. Television Production. non-fiction Segment information is presented in the table below. The Motion Picture and Television Production segments include the results of operations of eOne from the acquisition date of December 27, 2023 (see Note 2). Year Ended March 31, 2024 2023 2022 (Amounts in millions) Segment revenues Motion Picture $ 1,656.3 $ 1,323.7 $ 1,185.3 Television Production 1,330.1 1,760.1 1,531.0 Total revenue $ 2,986.4 $ 3,083.8 $ 2,716.3 Gross contribution Motion Picture $ 433.3 $ 386.3 $ 356.0 Television Production 204.7 185.3 124.1 Total gross contribution 638.0 571.6 480.1 Segment general and administration Motion Picture 113.9 109.8 93.1 Television Production 57.9 51.9 40.2 Total segment general and administration 171.8 161.7 133.3 Segment profit Motion Picture 319.4 276.5 262.9 Television Production 146.8 133.4 83.9 Total segment profit $ 466.2 $ 409.9 $ 346.8 The Company’s primary measure of segment performance is segment profit. Segment profit is defined as gross contribution (revenues, less direct operating and distribution and marketing expense) less segment general and administration expenses. Segment profit excludes, when applicable, corporate and allocated general and administrative expense, restructuring and other costs, share-based compensation, certain charges related to the COVID-19 The reconciliation of total segment profit to the Company’s income (loss) before income taxes is as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Company’s total segment profit $ 466.2 $ 409.9 $ 346.8 Corporate general and administrative expenses (1) (110.6 ) (100.9 ) (80.0 ) Adjusted depreciation and amortization (2) (10.5 ) (12.2 ) (12.4 ) Restructuring and other (132.9 ) (27.2 ) (6.3 ) COVID-19 (3) 0.9 8.9 5.2 Content charges (4) (1.5 ) (8.1 ) —  Charges related to Russia’s invasion of Ukraine (5) —  —  (5.9 ) Adjusted share-based compensation expense (6) (54.8 ) (69.2 ) (70.2 ) Purchase accounting and related adjustments (7) (17.1 ) (61.6 ) (65.3 ) Operating income 139.7 139.6 111.9 Interest expense (222.5 ) (162.6 ) (115.0 ) Interest and other income 19.2 6.4 28.0 Other expense (20.0 ) (21.2 ) (8.6 ) Loss on extinguishment of debt (1.3 ) (1.3 ) (3.4 ) Gain on investments, net 3.5 44.0 1.3 Equity interests income (loss) 8.7 0.5 (3.0 ) Income (loss) before income taxes $ (72.7 ) $ 5.4 $ 11.2 (1) Corporate general and administrative expenses reflect the allocations of certain general and administrative expenses from Lionsgate related to certain corporate and shared service functions historically provided by Lionsgate, including, but not limited to, executive oversight, accounting, tax, legal, human resources, occupancy, and other shared services (see Note 1 and Note 20). Amount excludes allocation of share-based compensation expense discussed below. The costs included in corporate general and administrative expenses represent certain corporate executive expense (such as salaries and wages for the office of the Chief Executive Officer, Chief Financial Officer, General Counsel and other corporate officers), investor relations costs, costs of maintaining corporate facilities, and other unallocated common administrative support functions, including corporate accounting, finance and financial reporting, internal and external audit and tax costs, corporate and other legal support functions, and certain information technology and human resources expense. (2) Adjusted depreciation and amortization represents depreciation and amortization as presented on the combined statements of operations less the depreciation and amortization related to the non-cash Year Ended March 31, 2024 2023 2022 (Amounts in millions) Depreciation and amortization $ 15.6 $ 17.9 $ 18.1 Less: Amount included in purchase accounting and related adjustments (5.1 ) (5.7 ) (5.7 ) Adjusted depreciation and amortization $ 10.5 $ 12.2 $ 12.4 (3) 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 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. (4) 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). (5) 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. (6) The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Total share-based compensation expense (i) $ 62.5 $ 73.4 $ 70.2 Less: Amount included in restructuring and other (ii) (7.7 ) (4.2 ) —  Adjusted share-based compensation $ 54.8 $ 69.2 $ 70.2 (i) Total share-based compensation expense in the years ended March 31, 2024, 2023 and 2022 includes $15.0 million, $26.7 million and $19.6 million, respectively, of corporate allocation of share-based compensation expense, representing the allocation of Lionsgate’s corporate employee share-based compensation expense. (ii) Represents share-based compensation expense included in restructuring and other expenses reflecting the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements. (7) Purchase accounting and related adjustments primarily represent the amortization of non-cash Year Ended March 31, 2024 2023 2022 (Amounts in millions) Purchase accounting and related adjustments: Direct operating $ —  $ 0.7 $ 0.4 General and administrative expense (i) 12.0 55.2 59.2 Depreciation and amortization 5.1 5.7 5.7 $ 17.1 $ 61.6 $ 65.3 (i) These adjustments include the expense associated with the noncontrolling equity interests in the distributable earnings related to 3 Arts Entertainment, and the non-cash Year Ended March 31, 2024 2023 2022 (Amounts in millions) Amortization of recoupable portion of the purchase price $ 1.3 $ 7.7 $ 7.7 Noncontrolling interest discount amortization —  13.2 22.7 Noncontrolling equity interest in distributable earnings 10.7 34.3 28.8 $ 12.0 $ 55.2 $ 59.2 See Note 12 for revenues by media or product line as broken down by segment for the fiscal years ended March 31, 2024, 2023, and 2022. The following table reconciles segment general and administration to the Company’s total combined general and administration expense: Year Ended March 31, 2024 2023 2022 (Amounts in millions) General and administration Segment general and administrative expenses $ 171.8 $ 161.7 $ 133.3 Corporate general and administrative expenses 110.6 100.9 80.0 Share-based compensation expense included in general and administrative expense (1) 54.8 69.2 70.2 Purchase accounting and related adjustments 12.0 55.2 59.2 $ 349.2 $ 387.0 $ 342.7 (1) Includes share-based compensation expense related to the allocation of Lionsgate corporate and shared employee share-based compensation expenses of $15.0 million in fiscal year 2024 (2023- $26.7 million, 2022 - $19.6 million). The reconciliation of total segment assets to the Company’s total combined assets is as follows: March 31, March 31, (Amounts in millions) Assets Motion Picture $ 1,851.4 $ 1,759.4 Television Production 2,347.8 1,949.1 Other unallocated assets (1) 903.8 704.2 $ 5,103.0 $ 4,412.7 (1) Other unallocated assets primarily consist of cash, other assets and investments. The following table sets forth acquisition of investment in films and television programs, as broken down by segment for the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Acquisition of investment in films and television programs Motion Picture $ 418.1 $ 484.5 $ 463.1 Television Production 702.4 1,083.9 1,287.0 $ 1,120.5 $ 1,568.4 $ 1,750.1 The following table sets forth capital expenditures, as broken down by segment for the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Capital expenditures Motion Picture $ —  $ —  $ —  Television Production 0.3 0.3 0.4 Corporate (1) 9.6 6.2 5.7 $ 9.9 $ 6.5 $ 6.1 (1) Represents unallocated capital expenditures primarily related to the Company’s corporate headquarters. Revenue by geographic location, based on the location of the customers, with no other foreign country individually comprising greater than 10% of total revenue, is as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Revenue Canada $ 70.4 $ 64.0 $ 56.7 United States 2,262.3 2,348.8 2,084.0 Other foreign 653.7 671.0 575.6 $ 2,986.4 $ 3,083.8 $ 2,716.3 Long-lived assets by geographic location are as follows: March 31, March 31, (Amounts in millions) Long-lived assets (1) United States $ 2,047.6 $ 1,736.5 Other foreign 263.0 190.8 $ 2,310.6 $ 1,927.3 (1) Long-lived assets represents total assets less the following: current assets, investments, long-term receivables, interest rate swaps, intangible assets, goodwill and deferred tax assets. For the years ended March 31, 2024, 2023 and 2022, the Company had revenue from the Starz Business of $545.9 million, $775.5 million and $648.2 million, respectively, which represented greater than 10% of combined revenues, primarily related to the Company’s Television Production segment (see Note 20). For the year ended March 31, 2024, the Company had revenue from one individual external customer which represented greater than 10% of combined revenues, amounting to $411.1 million, related to the Company’s Motion Picture and Television Production segments. For the year ended March 31, 2023, the Company had revenue from one individual external customer which represented greater than 10% of combined revenues, amounting to $337.1 million, related to the Company’s Motion As of March 31, 2024, the Company had accounts receivable due from two customers which individually represented greater than 10% of combined accounts receivable. Accounts receivable due from these two customers amounted to 12.5% and 10.8% of total combined accounts receivable (current and non-current) non-current)

Financial Instruments

Financial Instruments	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Derivative [Line Items]
Financial Instruments	18. Financial Instruments (a) Credit Risk Concentration of credit risk with the Company’s customers is limited due to the Company’s customer base and the diversity of its sales throughout the world. The Company performs ongoing credit evaluations and maintains a provision for potential credit losses. The Company generally does not require collateral for its trade accounts receivable. (b) Derivative Instruments and Hedging Activities Forward Foreign Exchange Contracts The Company enters into forward foreign exchange contracts to hedge As of March 31, 2024, the Company had the following outstanding forward foreign exchange contracts March 31, 2024 Foreign Currency Foreign Currency US Dollar Weighted Average (Amounts in (Amounts in millions) British Pound Sterling 0.5 GBP in exchange for $ 0.6 0.79 GBP Czech Koruna 180.0 CZK in exchange for $ 7.7 23.29 CZK Euro 0.6 EUR in exchange for $ 0.5 0.91 EUR Canadian Dollar 21.4 CAD in exchange for $ 15.9 1.34 CAD Mexican Peso 56.7 MXN in exchange for $ 3.0 18.95 PLN Hungarian Forint 1,450.0 HUF in exchange for $ 4.0 360.17 HUF New Zealand Dollar 73.9 NZD in exchange for $ 45.3 1.64 NZD Interest Rate Swaps The Company is exposed to the impact of interest rate changes, primarily through its borrowing activities. The Company’s objective is to mitigate the impact of interest rate changes on earnings and cash flows. The Company primarily uses pay-fixed Pay-fixed Cash settlements related to interest rate contracts are generally classified as operating activities on the combined statements of cash flows. However, due to a financing component (debt host) on a portion of the Company’s previously outstanding interest rate swaps, the cash flows related to these contracts were classified as financing activities through the date of termination. Designated Cash Flow Hedges. As of March , and March , , the Company had the following pay-fixed interest rate swaps, which have been designated as cash flow hedges outstanding (all related to the Company’s SOFR-based debt, see Note and Note . Effective Date Notional Amount Fixed Rate Paid Maturity Date (in millions) May 23, 2018 $ 300.0 2.915 % March 24, 2025 May 23, 2018 $ 700.0 2.915 % March 24, 2025 (1) June 25, 2018 $ 200.0 2.723 % March 23, 2025 (1) July 31, 2018 $ 300.0 2.885 % March 23, 2025 (1) December 24, 2018 $ 50.0 2.744 % March 23, 2025 (1) December 24, 2018 $ 100.0 2.808 % March 23, 2025 (1) December 24, 2018 $ 50.0 2.728 % March 23, 2025 (1) Total $ 1,700.0 (1) Represents the re-designated May 2022 Transactions : re-designated The receipt of approximately $56.4 million as a result of the termination was recorded as a reduction of the asset values of the derivatives amounting to $188.7 million and a reduction of the financing component (debt host) of the Terminated Swaps amounting to $131.3 million. At the time of the termination of the Terminated Swaps, there was approximately $180.4 million of unrealized gains recorded in accumulated other comprehensive income (loss) related to these Terminated Swaps. This amount will be amortized as a reduction of interest expense through the remaining term of the swaps unless it becomes probable that the cash flows originally hedged will not occur, in which case the proportionate amount of the gain will be recorded as a reduction to interest expense at that time. In addition, the liability amount of $6.8 million for the Re-designated re-designation Re-designated The receipt of approximately $ million was classified in the combined statement of cash flows as cash provided by operating activities of $ million reflecting the amount received for the derivative portion of the termination of swaps, and a use of cash in financing activities of $ million reflecting the pay down of the financing component of the Terminated Swaps (inclusive of payments made between April , and the termination date amounting to $ million). Financial Statement Effect of Derivatives Combined statement of operations and comprehensive income (loss): pre-tax Year Ended March 31, 2024 2023 2022 (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts Gain (loss) recognized in accumulated other comprehensive income $ (5.8 ) $ 1.7 $ 1.7 Loss reclassified from accumulated other comprehensive income (loss) (0.3 ) (0.3 ) (0.2 ) Interest rate swaps Gain recognized in accumulated other comprehensive income (loss) $ 36.3 $ 81.1 $ 66.5 Gain (loss) reclassified from accumulated other comprehensive income 41.8 1.4 (15.0 ) Derivatives not designated as cash flow hedges: Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) $ (7.2 ) $ (11.8 ) $ (33.8 ) Total direct operating expense on combined statements of operations $ 1,886.7 $ 2,207.9 $ 1,922.1 Total interest expense on combined statements of operations $ 222.5 $ 162.6 $ 115.0 Combined balance sheets: As of March 31, 2024 and 2023, the Company had the following amounts recorded in the accompanying combined balance sheets related to the Company’s use of derivatives: March 31, 2024 Other Other Non- Other (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ —  $ —  $ 2.8 Interest rate swaps 35.6 —  —  Fair value of derivatives $ 35.6 $ —  $ 2.8 March 31, 2023 Other Other Non- Other (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ 2.9 $ —  $ 0.1 Interest rate swaps —  41.1 —  Fair value of derivatives $ 2.9 $ 41.1 $ 0.1 As of March 31, 2024, based on the current release schedule, the Company estimates approximately $1.5 million of losses associated with forward foreign exchange contract cash flow hedges in accumulated other comprehensive income (loss) will be reclassified into earnings during the one-year As of March 31, 2024, the Company estimates approximately $30.4 million of gains recorded in accumulated other comprehensive income (loss) associated with interest rate swap agreement cash flow hedges will be reclassified into interest expense during the one-year

Additional Financial Informatio

Additional Financial Information	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Additional Financial Information [Line Items]
Additional Financial Information	19. Additional Financial Information The following tables present supplemental information related to the combined financial statements. Cash, Cash Equivalents and Restricted Cash Cash equivalents consist of investments that are readily convertible into cash. Cash equivalents are carried at cost, which approximates fair value. The Company classifies its cash equivalents within Level 1 of the fair value hierarchy because the Company uses quoted market prices to measure the fair value of these investments (see Note 10). The Company monitors concentrations of credit risk with respect to cash and cash equivalents by placing such balances with higher quality financial institutions or investing such amounts in liquid, short-term, highly-rated instruments or investment funds holding similar instruments. As of March 31, 2024, the Company’s cash and cash equivalents were held in bank depository accounts. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the combined balance sheets to the total amounts reported in the combined statements of cash flows at March 31, 2024 and 2023. At March 31, 2024 and 2023, restricted cash represents primarily amounts related to required cash reserves for interest payments associated with the Production Tax Credit Facility, IP Credit Facility and Backlog Facility. March 31, March 31, 2024 2023 (Amounts in millions) Cash and cash equivalents $ 277.0 $ 210.9 Restricted cash included in other current assets 43.7 27.5 Restricted cash included in other non-current 13.7 13.0 Total cash, cash equivalents and restricted cash $ 334.4 $ 251.4 Accounts Receivable Monetization Under the Company’s accounts receivable monetization programs, the Company has entered into (1) individual agreements to monetize certain of its trade accounts receivable directly with third-party purchasers and (2) a revolving agreement to monetize designated pools of trade accounts receivable with various financial institutions, as further described below. Under these programs, the Company transfers receivables to purchasers in exchange for cash proceeds, and the Company continues to service the receivables for the purchasers. The Company accounts for the transfers of these receivables as a sale, removes (derecognizes) the carrying amount of the receivables from its balance sheets and classifies the proceeds received as cash flows from operating activities in the statements of cash flows. The Company records a loss on the sale of these receivables reflecting the net proceeds received (net of any obligations incurred), less the carrying amount of the receivables transferred. The loss is reflected in the “other expense” line item on the combined statements of operations. The Company receives fees for servicing the accounts receivable for the purchasers, which represent the fair value of the services and were immaterial for the years ended March 31, 2024, 2023 and 2022. Individual Monetization Agreements. non-payment Year Ended March 31, 2024 2023 2022 (Amounts in millions) Carrying value of receivables transferred and derecognized $ 512.3 $ 400.5 $ 285.0 Net cash proceeds received 491.9 383.0 278.3 Loss recorded related to transfers of receivables 20.4 17.5 6.7 At March 31, 2024, the outstanding amount of receivables derecognized from the Company’s combined balance sheets, but which the Company continues to service, related to the Company’s individual agreements to monetize trade accounts receivable was $449.2 million (March 31, 2023—$350.9 million ). Pooled Monetization Agreement. non-payment The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Gross cash proceeds received for receivables transferred and derecognized $ 22.2 $ 167.0 $ 155.5 Less amounts from collections reinvested under revolving agreement (9.1 ) (94.3 ) (102.7 ) Proceeds from new transfers 13.1 72.7 52.8 Collections not reinvested and remitted or to be remitted (13.4 ) (66.6 ) (46.8 ) Net cash proceeds received (paid or to be paid) (1) $ (0.3 ) $ 6.1 $ 6.0 Carrying value of receivables transferred and derecognized (2) $ 22.1 $ 164.8 $ 154.5 Obligations recorded $ 2.1 $ 5.9 $ 2.9 Loss recorded related to transfers of receivables $ 2.0 $ 3.7 $ 1.9 (1) During the year ended March 31, 2024, the Company voluntarily repurchased $46.0 million of receivables previously transferred. In addition, during the years ended March 31, 2023 and 2022, the Company repurchased $27.4 million and $25.5 million, respectively, of receivables previously transferred, as separately agreed upon with the third-party purchasers, in order to monetize such receivables under the individual monetization program discussed above without being subject to the collateral requirements under the pooled monetization program. (2) Receivables net of unamortized discounts on long-term, non-interest At March 31, 2024, there were no outstanding receivables derecognized from the Company’s combined balance sheet, for which the Company continues to service, related to the pooled monetization agreement (March 31, 2023—$52.3 million). Other Assets The composition of the Company’s other assets is as follows as of March 31, 2024 and March 31, 2023: March 31, March 31, 2024 2023 (Amounts in millions) Other current assets Prepaid expenses and other (1) $ 34.8 $ 36.0 Restricted cash 43.7 27.5 Contract assets (2) 59.9 63.5 Interest rate swap assets 35.6 —  Tax credits receivable 199.1 129.5 $ 373.1 $ 256.5 Other non-current Prepaid expenses and other $ 18.3 $ 7.4 Restricted cash 13.7 13.0 Accounts receivable (3) 111.7 37.8 Contract assets (3) 3.2 5.1 Tax credits receivable 361.7 341.8 Operating lease right-of-use 344.3 116.8 Interest rate swap assets —  41.1 $ 852.9 $ 563.0 (1) Includes home entertainment product inventory which consists of Packaged Media and is stated at the lower of cost or market value (first-in, first-out (2) At March 31, 2024, the current portion of contract assets includes $14.9 million from the acquisition of eOne (see Note 2). (3) Unamortized discounts on long-term, non-interest Content Related Payables Content related payables include minimum guarantees and accrued licensed program rights obligations, which represent amounts payable for film or television rights that the Company has acquired or licensed. Other Accrued Liabilities Other accrued liabilities include employee related liabilities (such as accrued bonuses and salaries and wages) of $116.2 million and $102.8 million at March 31, 2024 and 2023, respectively. Accumulated Other Comprehensive Income (Loss) 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 Net unrealized gain 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). Supplemental Cash Flow Information Interest paid during the fiscal year ended March 31, 2024 amounted to $ million (2023 — $ million; 2022— $ million). Income taxes paid during the fiscal year ended March 31, 2024 amounted to net tax paid of $22.8 million (2023— net tax paid of $14.3 million; 2022— net tax paid of $13.9 million). Significant non-cash The supplemental schedule of non-cash non-cash Year Ended March 31, 2024 2023 2022 (Amounts in millions) Non-cash Accrued equity method investment $ —  $ —  $ 19.0 Supplemental cash flow information related to leases was as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 45.1 $ 40.3 $ 44.9 Right-of-use Operating leases $ 172.1 $ 11.3 $ 51.1 Increase in right-of-use Operating leases—increase in right-of-use $ 103.6 $ 17.4 $ 30.9 Operating leases—increase in lease liability $ 103.6 $ 17.4 $ 30.9

Related Party Transactions

Related Party Transactions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Related Party Transactions	NOTE 5-RELATED Founder Shares On November 5, 2021, the Sponsor paid an aggregate of $25,000 to cover certain offering and formation costs of the Company in consideration for 17,250,000 of the Company’s Class B Ordinary Shares (the “Founder Shares”). On December 13, 2021, the Company effected a share recapitalization with respect to the Class B Ordinary Shares whereby the Company issued one and one-quarter The Founder Shares included an aggregate of up to 2,812,500 shares subject to forfeiture by the Sponsor to the extent that the underwriters’ over- allotment is not exercised in full or in part, so that the number of Founder Shares will collectively represent 20% of the Company’s issued and outstanding shares upon the completion of the Initial Public Offering. On February 19, 2022, 2,812,500 Founder Shares were forfeited because the underwriters did not exercise their over-allotment option, resulting in the Company’s Sponsor holding 18,750,000 Founder Shares. The Sponsor has agreed, subject to limited exceptions, not to transfer, assign or sell any of its Founder Shares until the earlier to occur of (A) one year after the completion of a Business Combination; and (B) subsequent to a Business Combination, (x) if the closing price of the Class A Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, 30-trading Promissory Note On November 5, 2021, the Company issued the promissory note to the Sponsor, pursuant to which the Company may borrow up to an aggregate principal amount of $300,000 (the “Promissory Note”). The Promissory Note is non-interest bearing and payable on the earlier of (i) December 31, 2022 or (ii) the completion of the Initial Public Offering. As of December 31, 2021, there was $ outstanding under the Promissory Note. On January 11, 2022, the amount outstanding under the Promissory Note was repaid in full, and borrowings under the Promissory Note are no longer available. Due to Sponsor As of December 31, 2021, the amount due to the Sponsor was $14,537. The amounts were unpaid reimbursements of offering costs paid by the Sponsor on behalf of the Company. On January 11, 2022, the amount outstanding due to the Sponsor was repaid in full. Administrative Services Agreement The Company entered into an agreement with the Sponsor and Global Eagle Acquisition LLC (“GEA”), an entity affiliated with the Sponsor and the members of the Company’s management team, pursuant to which, commencing on January 5, 2022, it agreed to pay GEA $ 15,000 per month for office space, utilities, secretarial and administrative support services. Upon completion of a Business Combination or its liquidation, the Company will cease paying these monthly fees. During the three months ended March 31, 2024 and 2023, the Company incurred $ 15,000 and $ 45,000 , respectively , 15,000 and $ 45,000 , respectively, are sheets, respectively. In addition, the Company has agreed that it will indemnify the Sponsor from any claims arising out of or relating to the Initial Public Offering or the Company’s operations or conduct of the Company’s business or any claim against the Sponsor alleging any expressed or implied management or endorsement by the Sponsor of any of the Company’s activities or any express or implied association between the Sponsor and the Company or any of its affiliates, which agreement will provide that the indemnified parties cannot access the funds held in the Trust Account. Related Party Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes may be repaid upon completion of a Business Combination, without interest. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. On May 7, 2024, the Company issued a promissory note to the Sponsor in connection with the Working Capital Loans with a principal amount of up to $2.0 million. See note 12 for additional information. There have been no borrowings under this arrangement to date.		Note 5-Related Founder Shares On November 5, 2021, the Sponsor paid an aggregate of $25,000 to cover certain offering and one-quarter Founder Shares. The Sponsor has agreed, subject to limited exceptions, not to transfer, assign or sell any of its Founder Shares until the earlier to occur of (A) one year after the completion of a Business Combination; and (B) subsequent to a Business Combination, (x) if the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, 30-trading Promissory Note On November 5, 2021, the Company issued the promissory note to the Sponsor, pursuant to which the Company may borrow up to an aggregate principal amount of $300,000 (the “Promissory Note”). The Promissory Note is non-interest Due to Sponsor As of December 31, 2021, the amount due to Sponsor was $14,537. The amounts were unpaid reimbursements of offering costs paid by the Sponsor on behalf of the Company. On January 11, 2022, the amount outstanding due to Sponsor was repaid in full. Administrative Services Agreement The Company entered into an agreement with the Sponsor and Global Eagle Acquisition LLC GEA pursuant to which, commencing on January 5, 2022, it agreed to pay GEA, an affiliate of the Sponsor, $ per month for office space, utilities, secretarial and administrative support services. Upon completion of a Business Combination or its liquidation, the Company will cease paying these monthly fees. During the years ended December 31, 2023 and 2022 and the period from November 3, 2021 (inception) to December 31, 2021, the Company incurred $ , $ 180,000 and $ 0, respectively, in expenses for services provided by the Sponsor in connection with the aforementioned agreement. As of December 31, 2023 and December 31, 2022, $ In addition, the Company has agreed that it will indemnify the Sponsor from any claims arising out of or relating to the initial public offering or the Company’s operations or conduct of the Company’s business or any claim against the Sponsor alleging any expressed or implied management or endorsement by the Sponsor of any of the Company’s activities or any express or implied association between the Sponsor and the Company or any of its affiliates, which agreement will provide that the indemnified parties cannot access the funds held in the Trust Account. Related Party Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes may be repaid upon completion of a Business Combination, without interest, or, at the lender’s discretion, such loans may be converted upon completion of a Business Combination into warr an per going concern note. Such warrants would be identical to the private placement warrants. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account wo u
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Related Party Transaction [Line Items]
Related Party Transactions		20. Related Party Transactions Transactions with Lionsgate As described in Note 1, Lionsgate utilizes a centralized approach to cash management. Cash generated by the Company or borrowed under certain debt obligations is managed by Lionsgate’s centralized treasury function and is routinely transferred to the Company or to the Starz Business to fund operating activities of the Studio Business and the Starz Business when needed. Because of this centralized approach to cash management, financial transactions for cash movement and the settlement of payables and receivables when due with Lionsgate are generally accounted for through the parent net investment account. Parent net investment is presented in the combined statements of equity (deficit). Settlements of amounts payable and receivable when due through the parent net investment account are reflected as cash payments or receipts for the applicable operating transaction within operating activities in the combined statements of cash flows, with the net change in parent net investment included within financing activities in the combined statements of cash flows. In the normal course of business, the Company enters into transactions with Lionsgate and the Starz Business which include the following, which unless otherwise indicated are settled through parent net investment at the time of the transaction: Licensing of content to the Starz Business: Corporate expense allocations: Operating expense reimbursement: Share- based compensation: Monetization of certain accounts receivables: Parent Net Investment The net transfers to and from Lionsgate discussed above were as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Cash pooling and general financing activities $ (199.3 ) $ 36.1 $ (305.2 ) Licensing of content (1) 540.0 733.3 567.7 Corporate reimbursements 7.0 13.3 10.8 Corporate expense allocations (excluding allocation of share-based compensation) 27.9 22.3 19.3 Funding of purchases of accounts receivables held for collateral (85.5 ) (183.7 ) (172.9 ) Net transfers to (from) Parent per combined statements of cash flows $ 290.1 $ 621.3 $ 119.7 Share-based compensation (including allocation of share-based compensation) (62.5 ) (73.4 ) (70.2 ) Other non-cash 11.9 2.5 —  Net transfers to (from) Parent per combined statements of equity (deficit) $ 239.5 $ 550.4 $ 49.5 (1) Reflects the settlement of amounts due from the Starz Business related to the Company’s licensing arrangements with the Starz Business. Other Related Party Transactions In April 2004, a wholly-owned subsidiary of the Company entered into agreements (as amended) with Ignite, LLC (“Ignite”) for distribution rights to certain films. Michael Burns, the Vice Chair and a director of Lionsgate, owns a % interest in Ignite, and Hardwick Simmons, a director of Lionsgate, owns a % interest in Ignite. During the year ended March 31, 2024, $ million was paid to Ignite under these agreements (2023-$0.4 million). See Transactions with Equity Method Investees Equity Method Investees. March 31, 2024 2023 (Amounts in Combined Balance Sheets Accounts receivable $ 8.1 $ 10.8 Investment in films and television programs (1) 2.2 7.9 Other assets, noncurrent (1) —  45.8 Total due from related parties $ 10.3 $ 64.5 Accounts payable (2) $ 16.8 $ 16.8 Other accrued liabilities (1) — 6.7 Participations and residuals, current 5.5 7.5 Participations and residuals, noncurrent 1.3 2.0 Deferred revenue, current 0.1 —  Other liabilities (1) —  41.4 Total due to related parties $ 23.7 $ 74.4 Year Ended March 31, 2024 2023 2022 (Amounts in millions) Combined Statements of Operations Revenues $ 3.0 $ 4.8 $ 3.0 Direct operating expense $ 5.0 $ 8.3 $ 6.5 Distribution and marketing expense $ 0.8 $ 0.4 $ 0.2 Interest and other income $ —  $ —  $ 3.0 (1) As of March 31, 2023, the Company had certain operating leases related to a studio facility owned by an equity-method investee which was sold during the year ended March 31, 2024. Amounts related to these leases as of March 31, 2023 are included in the table above in investment in films and television programs, other assets—noncurrent, other accrued liabilities and other liabilities. (2) Amounts primarily represent production related advances due to certain of its equity method investees.

Subsequent Events

Subsequent Events	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Subsequent Events	NOTE 12-SUBSEQUENT The Company evaluated subsequent events and transactions that occurred after the consolidated balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as noted below, the Company did not identify any subsequent events, that have occurred that would require adjustments to the disclosures in the consolidated financial statements. On April 9, 2024, the Company held the Extension Meeting at which the Company received approval to amend its Articles to, among other things, extend the date by which the Company must consummate a Business Combination from April 10, 2024 to June 15, 2024. In connection with the Extension Meeting, holders of 57,824,777 Public Shares properly exercised their right to redeem such shares for cash at a redemption price of approximately $10.74 per share, representing an aggregate of approximately $620.8 million. After the satisfaction of such redemptions, the balance in the Trust Account was approximately $184.4 million. On April 11 , 2024 , the Business Combination Agreement was amended to, among other things , 175,000,000 to $ 225,000,000 ; (ii) upsize the amount of aggregate transaction proceeds to be no greater than $ 409,500,000 and no less than $ 350,000,000 , from the prior requirement of $ 350,000,000 in aggregate transaction proceeds; and (iii) based on the net cash in the Trust Account following the Extension Meeting, remove the provisions requiring cash to potentially be paid to non-redeeming holders of Public Shares as part of the merger consideration for their Class A Ordinary Shares, which requirement had been intended to limit dilution of Lions Gate Parent’s ownership in the combined company, and instead provide that the holders of Public Shares who do not redeem their Class A Ordinary Shares at the extraordinary general meeting of the Company’s shareholders to be held to approve the Lionsgate Business Combination will receive only common shares of Pubco (“Pubco Common Shares”) in exchange for their Class A Ordinary Shares on a one-for-on e basis. On Apr 4,918,839 Pubco Common Shares at a purchase price of $ 10.165 per share, for an aggregate cash amount of $ 50,000,000 . The Additional Subscription Agreement is in substantially the same form as the Initial Subscription Agreement, expect that it does not provide the reduction right to the investor the rein. On April 24, 2024, SEAC and Pubco entered into share purchase and non-redemption agreements (the “Non-Redemption Agreements”) with certain investors, pursuant to which such investors agreed, among other things, to (i) certify that they had purchased an aggregate of approximately $20 million of Public Shares in the open On May 7, 2024, the Company issued a promissory note to the Sponsor with a principal amount of up to $2.0 million to cover advancements made by the Sponsor to finance certain transaction expenses on behalf of the Company (the “Note”). The Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of the Company’s Business Combination, and (b) the date of the Company’s liquidation. If the Company does not consummate a Business Combination, the Note will be repaid only from funds held outside of the Trust Account (to the extent there are any) or will be forfeited, eliminated or otherwise forgiven.		Note 12-Subsequent The Company evaluated subsequent events and transactions that occurred after the consolidated balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as noted below, the Company did not identify any subsequent events, that have occurred that would require adjustments to the disclosures in the financial statements. Citi PIPE $ deferred underwriting fee payable to it pursuant to the terms of that certain underwriting agreement, dated January 5, 2022 (the “ Underwriting Agreement In addition, on January 3, 2024, the Company received a letter from Goldman Sachs whereby Goldman Sachs waived its entitlement to any portion of the underwriting fee payable pursuant to the Underwriting Agreement. The Company did not seek out the reasons why Goldman Sachs waived its deferred underwriting fee, despite Goldman Sachs having already completed its services under the Underwriting Agreement. Goldman Sachs received no additional consideration for the waiver of its entitlement to the deferred underwriting fee. On January 26, 2024, the Company amended the Trust Agreement, to permit Continental Stock Transfer & Trust Company (the “Trustee”), to hold the assets in the Trust Account in an interest-bearing demand deposit account or cash until the earlier of the consummation of an initial business combination or the Company’s liquidation. On the same day, the Company instructed the Trustee to liquidate the investments held in the Trust Account and move the funds to an interest-bearing demand deposit account, with Continental continuing to act as trustee. As a result, following the liquidation of investments in the Trust Account, the remaining proceeds from the initial pu bli
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Subsequent Event [Line Items]
Subsequent Events		21. Subsequent Events The Company has evaluated subsequent events through May 30, 2024, the date which the combined financial statements were issued. Lionsgate Senior Notes Exchange. The Studio Business remains a guarantor under the New 5.500% Senior Notes indenture agreement. Upon completion of the separation of the Starz Business from the Studio Business, the New 5.500% Senior Notes will become obligations of the Studio Business and will be reflected in the Studio Business’s combined financial statements. Business Combination Agreement. In connection with the Business Combination, Lionsgate and StudioCo entered into a separation agreement pursuant to which (i) the assets and liabilities of the Lionsgate’s Studio Business (including certain subsidiaries of the Lionsgate engaged in the Studio Business) were separated from the assets and liabilities of Lionsgate’s Starz Business (meaning substantially all of the assets and liabilities constituting the Media Networks segment of Lionsgate, and including certain subsidiaries of Lionsgate engaged in Lionsgate’s Starz Business) and transferred to StudioCo such that StudioCo holds, directly or indirectly, all of the assets and liabilities of the Studio Business, and (ii) all of Lionsgate’s equity interests in StudioCo were transferred to Studio HoldCo. As a result, approximately 87.2% of the total shares of Lionsgate Studios continue to be held by Lionsgate, while former SEAC public shareholders and founders and common equity financing investors own approximately 12.8% of Lionsgate Studios. In addition to establishing the Studio Business as a standalone publicly-traded entity, the transaction resulted in approximately $350.0 million of gross proceeds to Lionsgate, including $274.3 million in private investments in public equities (“PIPE”) financing. Of the total gross proceeds, approximately $330.0 million was received at or shortly after the closing of the Business Combination, with the remaining $20.0 million expected to be received shortly. The net proceeds will be used to pay down amounts outstanding under the Term Loan A and Term Loan B pursuant to the Credit Agreement. The Business Combination will be accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, Screaming Eagle will be treated as the acquired company and the Studio Business will be treated as the acquirer for financial reporting purposes. Accordingly, for accounting purposes, the financial statements of New SEAC will represent a continuation of the financial statements of the Studio Business, with the Business Combination treated as the equivalent of the Studio Business issuing stock for the historical net assets of Screaming Eagle, accompanied by a recapitalization. The net assets of Screaming Eagle will be stated at fair value, which approximates historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination will be those of the Studio Business. The Studio Business will continue to be a consolidated subsidiary of Lionsgate. See Note 2.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for financial information and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, the unaudited consolidated financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the three months ended March 31, 2024 are not necessarily indicative of the results that may be expected through December 31, 2024 or any future periods. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Annual Report on Form 10-K		Basis of presentation The accompanying financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Two of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liability and PIPE with reduction right liability. Such estimates may be subject to change as more current in form eco		Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Two of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liability and PIPE with reduction right liability. Such estimates may be subject to change as more current information becomes available and the actual results could differ significantly from those estimates.
Cash Equivalents	Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of March 31, 2024.		Cash equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation limit of $250,000, and investments held in Trust Account. The Company has not experienced losses on these accounts.		Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation limit of $250,000, and investments held in Trust Account. The Company has not experienced losses on these accounts.
Investments Held in Trust Account	Investments Held in Trust Account The Company’s portfolio of investments was comprised solely of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities, or a combination thereof until January 2024, when the trustee liquidated such investments and moved the proceeds to an interest-bearing demand deposit account. The Company classifies its U.S. Treasury and equivalent securities as held to maturity in accordance with ASC Topic 320, “Investments-Debt and Equity Securities.” Held-to-maturity securities are those securities which the Company has the ability and intent to hold until maturity. Held-to-maturity treasury securities are recorded at amortized cost on the accompanying consolidated balance sheets and adjusted for the amortization or accretion of premiums or discounts. Money market funds and demand deposits are presented at fair value at the end of each reporting period (see Note 11).		Investments Held in Trust Account The Company’s portfolio of investments was comprised solely of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities, or a combination thereof until January 2024, when the trustee liquidated such investments and moved the proceeds to an interest-bearing demand deposit account. The Company classifies its U.S. Treasury and equivalent securities as held-to-maturity Held-to-maturity Held-to-maturity
Offering Costs	Offering Costs Offering costs consisted of underwriting, legal, accounting and other expenses incurred directly related to the Initial Public Offering. Upon completion of the Initial Public Offering, offering costs were allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liability were charged to operations. Offering costs allocated to Class A Ordinary Shares were initially charged to temporary equity and then accreted to ordinary shares subject to possible redemption upon the completion of the Initial Public Offering. Offering costs amounted to $ , of which $ was charged to temporary equity upon the completion of the Initial Public Offering and $ was expensed to the unaudited consolidated statements of operations.		Offering costs Offering costs consisted of underwriting, legal, accounting and other expenses incurred directly related to the initial public offering. Upon completion of the initial public offering, offering costs were allocated to the separable financial instruments issued in the initial public offering based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liability were charged to operations. Offering costs allocated to Class A Ordinary Shares were initially charged to temporary equity and then accreted to ordinary shares subject to possible redemption upon the completion of the initial public offering. Offering costs amounted to $42,130,216, of which $42,110,034 was charged to temporary equity upon the completion of the initial public offering and $20,182 was expensed to the consolidated statements of operations.
Class A Ordinary Shares subject to possible redemption	Class A Ordinary Shares Subject to Possible Redemption The Company accounts for its Class A Ordinary Shares subject to possible redemption in accordance with the guidance in ASC Topic 480, “Distinguishing Liabilities from Equity.” Ordinary shares subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity (deficit). The Company’s Class A Ordinary Shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at March 31, 2024 and December 31, 2023, Class A Ordinary Shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ deficit section of the Company’s consolidated balance sheets. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of Class A Ordinary Shares to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable ordinary shares are affected by charges against additional paid-in As of March 31, 2024 and December 31, 2023, the Class A Ordinary Shares reflected on the consolidated balance sheets are reconciled in the following table: Gross proceeds $ 750,000,000 Less: Fair value of Public Warrants at issuance (36,750,000 ) Class A Ordinary Share issuance costs (42,110,034 ) Plus: Accretion of carrying value to redemption value 123,510,300 Class A Ordinary Shares subject to possible redemption, December 31, 2023 794,650,266 Plus: Waiver of offering costs allocated to Class A Ordinary Share subject to possible redemption 17,325,000 Less: Accretion of carrying value to redemption value (7,846,453 ) Class A Ordinary Shares subject to possible redemption, March 31, 2024 $ 804,128,813		Class A Ordinary Shares subject to possible redemption The Company accounts for its Class A Ordinary Shares subject to possible redemption in accordance with the guidance in ASC Topic 480, “Distinguishing Liabilities from Equity (“ASC 480”).” Ordinary shares subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Class A ordinary shares of the Company feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at December 31, 2023 and 2022, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ equity (deficit) section of the Company’s consolidated balance sheets. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of Class A ordinary shares to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable ordinary shares are affected by charges against additional paid-in As of December 31, 2023 and 2022, the Class A ordinary shares reflected on the consolidated balance sheets are reconciled in the following table: Gross proceeds $ 750,000,000 Less Fair value of Public Warrants at issuance (36,750,000 ) Class A ordinary share issuance costs (42,110,034 ) Plus: Accretion of carrying value to redemption value 85,722,976 Class A Ordinary Shares subject to possible redemption as of December 31, 756,862,942 Plus: Accretion of carrying value to redemption value 37,787,324 Class A ordinary shares subject to possible redemption as of December 31, $ 794,650,266
Derivative financial instruments	Derivative Financial Instruments The Company accounts for derivative financial instruments in accordance with ASC Topic 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value upon issuance and remeasured at each reporting date, with changes in the fair value reported in the unaudited consolidated statements of operations. The classification of derivative financial instruments is evaluated at the end of each reporting period. The Company accounts for the private placement warrants as liabilities at fair value on the consolidated balance sheets. The private placement warrants are subject to remeasurement at each balance sheet date and any change in fair value is recognized as a component of other income (expense), net on the consolidated statements of operations. The Company will continue to adjust the liability for changes in fair value until the earlier of the exercise or expiration of the private placement warrants. At that time, the portion of the warrant liability related to the private placement warrants will be reclassified to additional paid-in capital. The Company accounts for the Subscription Agreements (as defined below) as a liability at fair value on the consolidated balance sheets (the “PIPE with reduction right liability”). The Subscription Agreements are subject to remeasurement at each balance sheet date and any change in fair value is recognized as a component of other income (expense), net on the consolidated statements of operations. The Company will continue to adjust the liability for changes in fair value until the earlier of the closing of the transactions contemplated by the Subscription Agreements or expiration of the Subscription Agreements. At that time, the PIPE with reduction right liability will be reclassified to additional paid-in		Derivative financial instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC Topic 815, “Derivatives and Hedging”. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed The Company accounts for the private placement warrants as liabilities at fair value on the consolidated balance sheets. The private placement warrants are subject to remeasurement at each balance sheet date and any change in fair value is recognized as a component of other income (expense), net on the statements of operations. The Company will continue to adjust the liability for changes in fair value until the earlier of the exercise or expiration of the private placement warrants. At that time, the portion of the warrant liability related to the private placement warrants will be reclassified to additional paid-in The Company accounts for the Subscription Agreements as a liability at fair value on the consolidated balance sheets (the “ PIPE with reduction right liability
Income taxes	Income Taxes The Company accounts for income taxes under ASC 740, “Income Taxes” (“ASC 740”), which prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2024 and December 31, 2023. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company has been There is currently no taxation imposed on income by the government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company’s consolidated financial statements. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.		Income taxes The Company accounts for income taxes under ASC Topic 740, “Income Taxes” which prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not There is currently no taxation imposed on income by the government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company’s financial statements. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change ove r the
Fair Value of Financial Instruments	Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying consolidated balance sheets, primarily due to their short-term nature, except for the warrant liability (see Note 11).		Fair value of financial instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: • Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; • Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and • Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement.
Net income per ordinary share	Net Income Per Ordinary Shares The Company has two classes of shares, Class A Ordinary Shares and Class B Ordinary Shares. Income and losses are shared pro rata between the two classes of shares. The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share”. Net income per share is computed by dividing net income by the weighted average number of ordinary shares outstanding for the period. Accretion associated with the redeemable shares of Class A Ordinary Shares is excluded from earnings per share as the redemption value approximates fair value. The calculation of diluted income (loss) per share does not consider the effect of the warrants issued in connection with the (i) Initial Public Offering, and (ii) the private placement since the exercise of the warrants is contingent upon the occurrence of future events. The warrants are exercisable to purchase 36,733,333 Class A Ordinary Shares For the three months ended March 31, 2024 and 2023, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted net income per share of ordinary shares is the same as basic net income per shares of ordinary shares for the periods presented. The following table reflects the calculation of basic and diluted net income per ordinary shares for the three months ended March 31, 2024 and 2023: For the Three Months Ended For the Three Months Ended Class A Class B Class A Class B Basic and diluted net income per ordinary share Numerator: Allocation of net income $ 4,129,801 $ 1,032,450 $ 6,406,917 $ 1,601,729 Denominator: Basic and diluted weighted average shares outstanding 75,000,000 18,750,000 75,000,000 18,750,000 Basic and diluted net income per ordinary shares $ 0.06 $ 0.06 $ 0.09 $ 0.09		Net income (loss) per ordinary share The Company has two classes of shares, Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of shares. The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share”. Net income per share is computed by dividing net income by the weighted average number of ordinary shares outstanding for the period. Accretion associated with the redeemable shares of Class A ordinary share is excluded from earnings per share as the redemption value approximates fair value. The calculation of diluted income (loss) per share does not consider the effect of the warrants issued in connection with the (i) initial public offering, and (ii) the private placement since the exercise of the warrants is contingent upon the occurrence of future events. The warrants are exercisable to purchase 36,733,333 Class A ordinary share in the aggregate. As of December 31, 2023 and 2022, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary share, and then share in the earnings of the Company. As a result, diluted net income per share is the same as basic net income per share for the period presented. For The Year Ended December 31, 2023 For the Year Ended December 31, 2022 For the Period From November 3, 2021 Class A Class B Class A Class B Class A Class B Basic and diluted net income (loss) per ordinary share Numerator: Allocation of net income (loss) $ 13,360,506 $ 3,340,127 $ 17,918,827 $ 4,592,958 $ —  $ (5,000 ) Denominator: Basic and diluted weighted average shares 75,000,000 18,750,000 73,150,685 18,750,000 —  18,750,000 Basic and diluted net income per share $ 0.18 $ 0.18 $ 0.24 $ 0.24 $ —  $ —
Recently Issued Accounting Standards	Recently Issued Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s consolidated financial statements.		Recently issued accounting standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial stateme nts.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Revenue Recognition		Revenue Recognition The Company’s Motion Picture and Television Production segments generate revenue principally from the licensing of content in domestic theatrical exhibition, home entertainment (e.g., digital media and packaged media), television, and international market places. Revenue is recognized upon transfer of control of promised services or goods Revenue also includes licensing of motion pictures and television programming (including Starz original productions) to the Starz Business. See Note 20 for further details.
Warrant liability	Warrant Liability The Company accounts for the private placement warrants as liabilities at fair value on the consolidated balance sheets. The private placement warrants are subject to remeasurement at each balance sheet date and any change in fair value is recognized as a component of other income (expense), net on the consolidated statements of operations. The Company will continue to adjust the liability for changes in fair value until the earlier of the exercise or expiration of the private placement warrants. At that time, the portion of the warrant liability related to the private placement warrants will be reclassified to additional paid-in
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Basis of Presentation		Basis of Presentation The Studio Business has historically operated as part of Lionsgate and not as a standalone company. The Studio Business’s combined financial statements, representing the historical assets, liabilities, operations and cash flows of the combination of the operations making up the worldwide Studio Business, have been derived from the separate historical accounting records maintained by Lionsgate, and are presented on a carve-out carve-out All revenues and costs as well as assets and liabilities directly associated with the business activity of the Studio Business are included in the accompanying combined financial statements. Revenues and costs associated with the Studio Business are specifically identifiable in the accounting records maintained by Lionsgate and primarily represent the revenue and costs used for the determination of segment profit of the Motion Picture and Television Production segments of Lionsgate. In addition, the Studio Business costs include an allocation of corporate general and administrative expense (inclusive of share-based compensation) which has been allocated to the Studio Business as further discussed below. Other costs excluded from the Motion Picture and Television Production segment profit but relating to the Studio Business are generally specifically identifiable as costs of the Studio Business in the accounting records of Lionsgate and are included in the accompanying combined financial statements. Lionsgate utilizes a centralized approach to cash management. Cash generated by the Studio Business is managed by Lionsgate’s centralized treasury function and cash is routinely transferred to the Company or to the Starz Business to fund operating activities when needed. Cash and cash equivalents of the Studio Business are reflected in the combined balance sheets. Payables to and receivables from Lionsgate, primarily related to the Starz Business, are often settled through movement to the intercompany accounts between Lionsgate, the Starz Business and the Studio Business. Other than certain specific balances related to unsettled payables or receivables, the intercompany balances between the Studio Business and Lionsgate have been accounted for as parent net investment. See Note 20 for further details. The Studio Business is the primary borrower of certain corporate indebtedness (the revolving credit facility, term loan A and term loan B, together referred to as the “Senior Credit Facilities”) of Lionsgate. The Senior Credit Facilities are generally used as a method of financing Lionsgate’s operations in totality and are not specifically identifiable to the Studio Business or the Starz Business. It is not practical to determine what the capital structure would have been historically for the Studio Business or the Starz Business as standalone companies. A portion of Lionsgate’s corporate debt, Lionsgate’s 5.500% senior notes due April 15, 2029 (the “Senior Notes”) and related interest expense are not reflected in the Studio Business’s combined financial statements. The Studio Business remains a guarantor under the Senior Notes indenture agreement. See Note 7 for further details. Additional indebtedness directly related to the Studio Business, including production loans, borrowings under the Production Tax Credit Facility, IP Credit Facility, and Backlog Facility (each as defined below) and other obligations, are reflected in the Studio Business combined financial statements. See Note 8 for further details. Lionsgate’s corporate general and administrative functions and costs have historically provided oversight over both the Starz Business and the Studio Business. These functions and costs include, but are not limited to, salaries and wages for certain executives and other corporate officers related to executive oversight, investor relations costs, costs for the maintenance of corporate facilities, and other common administrative support functions, including corporate accounting, finance and financial reporting, audit and tax costs, corporate and other legal support functions, and certain information technology and human resources expense. Accordingly, the audited financial statements of the Studio Business, include allocations of certain general and administrative expenses (inclusive of share-based compensation) from Lionsgate related to these corporate and shared service functions historically provided by Lionsgate. These expenses have been allocated to the Company on the basis of direct usage when identifiable, with the remainder allocated on a pro rata basis of consolidated Lionsgate revenue, payroll expense or other measures considered to be a reasonable reflection of the historical utilization levels of these services. Accordingly, the Studio Business financial statements may not necessarily be indicative of the conditions that would have existed or the results of operations if the Company had been operated as an unaffiliated entity, and may not be indicative of the expenses that the Company will incur in the future. The Company also pays certain costs on behalf of the Starz Business such as certain rent expense, employee benefits, insurance and other administrative operating costs which are reflected as expenses of the Starz Business. The Starz Business also pays certain costs on behalf of the Company such as legal expenses, software development costs and severance which are reflected as expenses of the Studio Business. The settlement of reimbursable expenses between the Studio Business and the Starz Business have been accounted for as parent net investment. See Note 20 for further detail of parent net investment included in these combined financial statements. Management believes the assumptions underlying these combined financial statements, including the assumptions regarding the allocation of general and administrative expenses from Lionsgate to the Studio Business, are reasonable. However, the allocations may not include all of the actual expenses that would have been incurred by the Studio Business and may not reflect its combined results of operations, financial position and cash flows had it been a standalone company during the periods presented. It is not practicable to estimate actual costs that would have been incurred had the Studio Business been a standalone company and operated as an unaffiliated entity during the periods presented. Actual costs that might have been incurred had the Studio Business been a standalone company would depend on a number of factors, including the organizational structure, what corporate functions the Studio Business might have performed directly or outsourced, and strategic decisions the Company might have made in areas such as executive management, legal and other professional services, and certain corporate overhead functions. See Note 20 for further detail of the allocations included in these combined financial statements.
Use of Estimates		Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the financial statements relate to ultimate revenue and costs used for the amortization of investment in films and television programs; estimates related to the revenue recognition of sales or usage-based royalties; fair value of equity-based compensation; the allocations of costs to the Company for certain corporate and shared service functions in preparing the combined financial statements on a carve-out
Investments Held in Trust Account		Restricted Cash At March 31, 2024, the Company had restricted cash of $ million primarily representing amounts related to required cash reserves for interest payments associated with the Production Tax Credit Facility, IP Credit Facility and Backlog Facility (March 31, 2023- $ million). Restricted cash is included within “other current assets” and “other non-current assets” on the combined balance sheets (see Note 19).
Income taxes		Income Taxes The Company’s results have historically been included in the consolidated U.S. federal income tax return and U.S. state income tax filings of Lionsgate. The Company has computed its provision for income taxes on a separate return basis in these combined financial statements. The separate return method applies the accounting guidance for income taxes to the stand-alone financial statements as if the Company was a separate taxpayer and a stand-alone enterprise for the periods presented. The calculation of income taxes for the Company on a separate return basis requires judgment and use of both estimates and allocations. However, as discussed above in Note 1, the combined historical results of the Studio Business are presented on a managed basis rather than a legal entity basis, with certain deductions and other items that are included in the consolidated financial statements of Lionsgate, but not included in the combined financial statements of the Studio Business. Income taxes are accounted for using an asset and liability approach for financial accounting and reporting for income taxes and recognition and measurement of deferred assets are based upon the likelihood of realization of tax benefits in future years. Under this method, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Valuation allowances are established when management determines that it is more likely than not that some portion or all of the net deferred tax asset, on a jurisdiction-by-jurisdiction From time to time, the Company engages in transactions in which the tax consequences may be subject to uncertainty and judgment is required in assessing and estimating the tax consequences of these transactions. In determining the Company’s tax provision for financial reporting purposes, the Company establishes a reserve for uncertain tax positions unless such positions are determined to be more likely than not of being sustained upon examination, based on their technical merits. The Company’s policy is to recognize interest and/or penalties related to income tax matters in income tax expense.
Description of Business		Description of Business Lions Gate Entertainment Corp. (“Lionsgate,” or “Parent”) encompasses world-class motion picture and television studio operations (collectively referred to as the “Studio Business”) and the STARZ-branded premium global subscription platforms (the “Starz Business”) to bring a unique and varied portfolio of entertainment to consumers around the world. Lionsgate has historically had three reportable business segments: (1) Motion Picture, (2) Television Production and (3) Media Networks. The Studio Business is substantially reflected in the Lionsgate Motion Picture and Television Production segments. These financial statements reflect the combination of the assets, liabilities, operations and cash flows reflecting the Studio Business which is referred to in these combined financial statements as the “Studio Business” or the “Company”. These combined financial statements of the Studio Business have been prepared on a carve-out The Studio Business consists of the Motion Picture and Television Production reportable segments, together with substantially all of Lionsgate’s corporate general and administrative costs. Motion Picture consists of the development and production of feature films, acquisition of North American and worldwide distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and worldwide licensing of distribution rights to feature films produced and acquired. Television Production consists of the development, production and worldwide distribution of television productions including television series, television movies and mini-series, and non-fiction
Generally Accepted Accounting Principles		Generally Accepted Accounting Principles These combined financial statements have been prepared in accordance with U.S. GAAP.
Principles of Consolidation		Principles of Consolidation The accompanying combined financial statements of the Company have been derived from the consolidated financial statements and accounting records of Lionsgate and reflect certain allocations from Lionsgate as further discussed above. All significant intercompany balances and transactions within the Company have been eliminated in these combined financial statements.
Reclassifications		Reclassifications Certain amounts presented in prior years have been reclassified to conform to the current year’s presentation.
Significant Accounting Policies		Significant Accounting Policies
Licensing Arrangements		Licensing Arrangements. Fixed Fee or Minimum Guarantees: Sales or Usage Based Royalties: Revenues by Market or Product Line. • Theatrical. picture-by-picture sub-distributor • Home Entertainment. • Digital Media. (pay-per-view video-on-demand Digital Transaction Revenue Sharing Arrangements: nominal or no upfront sales price, the Company shares in the rental or sales revenues generated by the platform on a title-by-title download-to-own, download-to-rent, video-on-demand. Licenses of Content to Digital Platforms: subscription-video-on-demand • Packaged Media Blu-ray, • Television . non-fiction • International. territory-by-territory non-fiction • Other. Revenues from the licensing of film and television content and the sales and licensing of music are recognized when the content has been delivered and the license period has begun, as discussed above. Revenues from the licensing of symbolic intellectual property (i.e., licenses of motion pictures or television characters, brands, storylines, themes or logos) is recognized over the corresponding license term. Commissions are recognized as such services are provided.
Deferred Revenue		Deferred Revenue. Deferred revenue also relates to customer payments are made in advance of when the Company fulfills its performance obligation and recognizes revenue. This primarily occurs under television production contracts, in which payments may be received as the production progresses, international motion picture contracts, where a portion of the payments are received prior to the completion of the movie and prior to license rights start dates, and pay television contracts with multiple windows with a portion of the revenues deferred until the subsequent exploitation windows commence. These arrangements do not contain significant financing components because the reason for the payment structure is not for the provision of financing to the Company, but rather to mitigate the Company’s risk of customer non-performance See Note 12 for further information.
Investment in Films and Television Programs		Investment in Films and Television Programs General. Investment in films and television programs includes the unamortized costs of films and television programs, which are monetized individually (i.e., through domestic theatrical, home entertainment, television, international or other ancillary-market distribution). Recording Cost. Costs of acquiring and producing films and television programs and of acquired libraries are capitalized when incurred. For films and television programs produced by the Company, capitalized costs include all direct production and financing costs, capitalized interest and production overhead. For the years ended March 31, 2024, 2023 and 2022, total capitalized interest was $ million, $ million and $ million, respectively. For acquired films and television programs, capitalized costs consist of minimum guarantee payments to acquire the distribution rights. Amortization. amortized and participations and residuals costs are accrued in the proportion that current year’s revenue bears to management’s estimate of ultimate revenue at the beginning of the current year expected to be recognized from the exploitation, exhibition or sale of the films or television programs. Ultimate Revenue. Development. Impairment Assessment. The fair value is determined based on a discounted cash flow analysis of the cash flows directly attributable to the title. To the extent the unamortized costs exceed the fair value, an impairment charge is recorded for the excess. The discounted cash flow analysis includes cash flows estimates of ultimate revenue and costs as well as a discount rate (a Level 3 fair value measurement, see Note 10). The discount rate utilized in the discounted cash flow analysis is based on the weighted average cost of capital of the Company plus a risk premium representing the risk associated with producing a particular film or television program. Estimates of future revenue involve measurement uncertainty and it is therefore possible that reductions in the carrying value of investment in films and television programs may be required as a consequence of changes in management’s future revenue estimates.
Property and Equipment, net		Property and Equipment, net Property and equipment is carried at cost less accumulated depreciation. Depreciation is provided for on a straight line basis over the following useful lives: Computer equipment and software 3 — Furniture and equipment 3 — Leasehold improvements Lease term or the useful life, whichever is shorter Land Not depreciated The Company periodically reviews and evaluates the recoverability of property and equipment. Where applicable, estimates of net future cash flows, on an undiscounted basis, are calculated based on future revenue estimates. If appropriate and where deemed necessary, a reduction in the carrying amount is recorded based on the difference between the carrying amount and the fair value based on discounted cash flows.
Leases		Leases The Company determines if an arrangement is a lease at its inception. The expected term of the lease used for computing the lease liability and right-of-use Company will exercise that option. The Company also elected to not separate lease components from non-lease non-lease Operating Leases. assets—non-current” liabilities—non-current” The present value of the lease payments is calculated using a rate implicit in the lease, when readily determinable. However, as most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate to determine the present value of the lease payments for the majority of its leases. Variable lease payments that are based on an index or rate are included in the measurement of ROU assets and lease liabilities at lease inception. All other variable lease payments are expensed as incurred and are not included in the measurement of ROU assets and lease liabilities. The Company did not have any finance leases during the years ended March 31, 2024 and 2023.
Investments		Investments Investments include investments accounted for under the equity method of accounting, and equity investments with and without readily determinable fair value. Equity Method Investments: % and % of the voting interests in the investee, holds substantial management rights or holds an interest of less than % in an investee that is a limited liability partnership or limited liability corporation that is treated as a flow-through entity. Under the equity method of accounting, the Company’s share of the investee’s earnings (losses) are included in the “equity interests income (loss)” line item in the combined statements of operations. The Company records its share of the net income or loss of most equity method investments on a one quarter lag and, accordingly, during the years ended March 31, 2024, 2023 and 2022, the Company recorded its share of the income or loss generated by these entities for the years ended December 31, 2023, 2022 and 2021, respectively. Dividends and other distributions from equity method investees are recorded as a reduction of the Company’s investment. Distributions received up to the Company’s interest in the investee’s retained earnings are considered returns on investments and are classified within cash flows from operating activities in the combined statements of cash flows. Distributions from equity method investments in excess of the Company’s interest in the investee’s retained earnings are considered returns of investments and are classified within cash flows provided by investing activities in the combined statements of cash flows. Other Equity Investments: impairment, adjusted for observable price changes in orderly transactions in the investees’ securities that are identical or similar to the Company’s investments in the investee. The unrealized gains and losses and the adjustments related to the observable price changes are recognized in net income (loss). Impairments of Investments: For investments accounted for using the equity method of accounting or equity investments without a readily determinable fair value, the Company evaluates information available (e.g., budgets, business plans, financial statements, etc.) in addition to quoted market prices, if any, in determining whether an other-than-temporary decline in value exists. Factors indicative of an other-than-temporary decline include recurring operating losses, credit defaults and subsequent rounds of financing at an amount below the cost basis of the Company’s investment.
Finite-Lived Intangible Assets		Finite-Lived Intangible Assets Identifia Amortizabl The Com
Goodwill		Goodwill At March 31, 2024, the carrying value of goodwill was $811.2 million. Goodwill is allocated to the Company’s reporting units, which are its operating segments or one level below its operating segments (component level). Reporting units are determined by the discrete financial information available for the component and whether that information is regularly reviewed by segment management. Components are aggregated into a single reporting unit if they share similar economic characteristics. The Company’s reporting units for purposes of goodwill impairment testing during the years ended March 31, 2024, 2023 and 2022 were Motion Picture, and the Television and Talent Management businesses, both of which are part of the Television Production segment. Goodwill is not amortized, but is reviewed for impairment each fiscal year or between the annual tests if an event occurs or circumstances change that indicates it is more-likely-than-not fiscal year. A goodwill impairment loss would be recognized for the amount that the carrying amount of a reporting unit, including goodwill, exceeds its fair value. An entity may perform a qualitative assessment of the likelihood of the existence of a goodwill impairment. The qualitative assessment is an evaluation, based on all identified events and circumstances which impact the fair value of the reporting unit, of whether or not it is more likely than not that the fair value is less than the carrying value of the reporting unit. If the Company believes that as a result of its qualitative assessment it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, a quantitative impairment test is not required but may be performed at the option of the Company. A quantitative assessment requires determining the fair value of the Company’s reporting units. The determination of the fair value of each reporting unit utilizes DCF analyses and market-based valuation methodologies, which represent Level 3 fair value measurements. Fair value determinations require considerable judgment and requires assumptions and estimates of many factors, including revenue and market growth, operating margins and cash flows, market multiples and discount rates, and are sensitive to changes in these underlying assumptions and factors. Goodwill Impairment Assessments: Fiscal 2024. more-likely-than-not Fiscal 2023 . For the Company Managem market transactions; the duration and potential impact of strikes of unions, on our ability to produce, acquire and distribute our content; the commercial success of the Company’s television programming and motion pictures; the Company’s continual contractual relationships with its customers; and changes in consumer behavior. While historical performance and current expectations have resulted in fair values of the Company’s reporting units in excess of carrying values, if the Company’s assumptions are not realized, it is possible that an impairment charge may need to be recorded in the future.
Prints, Advertising and Marketing Expenses		Prints, Advertising and Marketing Expenses The costs of prints, advertising and marketing expenses are expensed as incurred. Advertising expenses for the year ended March 31, 2024 were $347.8 million (2023 — $203.4 million, 2022—$201.6 million) which were recorded as distribution and marketing expenses in the accompanying combined statements of operations.
Government Assistance		Government Assistance The Company has access to government programs that are designed to promote film and television production and distribution in certain foreign countries. The Company also has access to similar programs in certain states within the U.S. that are designed to promote film and television production in those states. Tax credits earned with respect to expenditures on qualifying film and television productions are recorded as a reduction to investment in films and television programs when the qualifying expenditures have been incurred provided that there is reasonable assurance that the credits will be realized (see Note 3 and Note 19).
Foreign Currency Translation		Foreign Currency Translation Monetary assets and liabilities denominated in currencies other than the functional currency are translated at exchange rates in effect at the balance sheet date. Resulting unrealized and realized gains and losses are included in the combined statements of operations. Foreign company assets and liabilities in foreign currencies are translated into U.S. dollars at the exchange rate in effect at the balance sheet date. Foreign company revenue and expense items are translated at the average rate of exchange for the fiscal year. Gains or losses arising on the translation of the accounts of foreign companies are included in accumulated other comprehensive income or loss, a separate component of equity.
Derivative Instruments and Hedging Activities		Derivative Instruments and Hedging Activities Derivative financial instruments are used by the Company in the management of its foreign currency and interest rate exposures. The Company’s policy is not to use derivative financial instruments for trading or speculative purposes. The Company uses derivative financial instruments to hedge its exposures to foreign currency exchange rate and interest rate risks. All derivative financial instruments are recorded at fair value in the combined balance sheets (see Note 10). The effective changes in fair values of derivatives designated as cash flow hedges are recorded in accumulated other comprehensive income or loss and included in unrealized gains (losses) on cash flow hedges until the underlying hedged item is recognized in earnings. The effective changes in the fair values of derivatives designated as cash flow hedges are reclassified from accumulated other comprehensive income or loss to net income or net loss when the underlying hedged item is recognized in earnings. If the derivative is not designated as a hedge, changes in the fair value of the derivative are recognized in earnings. See Note 18 for further discussion of the Company’s derivative financial instruments.
Parent Net Investment		Parent Net Investment Parent net investment in the combined balance sheets is presented in lieu of shareholders’ equity and represents Lionsgate historical investment in the Company, the accumulated net earnings (losses) after taxes and the net effect of settled transactions with and allocations from Lionsgate. All transactions reflected in parent net investment by Lionsgate in the accompanying combined balance sheets have been considered as financing activities for purposes of the combined statements of cash flows.
Share-Based Compensation		Share-Based Compensation Certain Company employees participate in the share-based compensation plans sponsored by Lionsgate. Lionsgate share-based compensation awards granted to employees of the Company consist of stock options, restricted share units and share appreciation rights. As such, the awards to Company employees are reflected in parent net investment within the combined statements of equity (deficit) at the time they are expensed. The combined statements of operations also include an allocation of Lionsgate corporate and shared employee share-based compensation expenses. The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The fair value is recognized in earnings over the period during which an employee is required to provide service. See Note 13 for further discussion of the Company’s share-based compensation.
Transfers of Financial Assets		Transfers of Financial Assets The Company enters into arrangements to sell certain financial assets (i.e., monetize its trade accounts receivables). For a transfer of financial assets to be considered a sale, the asset must be legally isolated from the Company and the purchaser must have control of the asset. Determining whether all the requirements have been met includes an evaluation of legal considerations, the extent of the Company’s continuing involvement with the assets transferred and any other relevant considerations. When the true sales criteria are met, the Company derecognizes the carrying value of the financial asset transferred and recognizes a net gain or loss on the sale. The proceeds from these arrangements with third party purchasers are reflected as cash provided by operating activities in the combined statements of cash flows. If the sales criteria are not met, the transfer is considered a secured borrowing and the financial asset remains on the combined balance sheets with proceeds from the sale recognized as debt and recorded as cash flows from financing activities in the combined statements of cash flows. See Note 19 for discussion of the Company’s accounts receivable monetization.
Accounts Receivable		Accounts Receivable.
Cash and Cash Equivalents		Cash and Cash Equivalents Cash and cash equivalents consist of cash deposits at financial institutions and investments in money market mutual funds.
Recent Accounting Pronouncements		Recent Accounting Pronouncements Segment Reporting: Income Taxes:

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Accounting Policies [Line Items]
Summary of Reconciliation Of Proceeds From Temporary Equity To Outstanding Value (Detail)	As of March 31, 2024 and December 31, 2023, the Class A Ordinary Shares reflected on the consolidated balance sheets are reconciled in the following table: Gross proceeds $ 750,000,000 Less: Fair value of Public Warrants at issuance (36,750,000 ) Class A Ordinary Share issuance costs (42,110,034 ) Plus: Accretion of carrying value to redemption value 123,510,300 Class A Ordinary Shares subject to possible redemption, December 31, 2023 794,650,266 Plus: Waiver of offering costs allocated to Class A Ordinary Share subject to possible redemption 17,325,000 Less: Accretion of carrying value to redemption value (7,846,453 ) Class A Ordinary Shares subject to possible redemption, March 31, 2024 $ 804,128,813		As of December 31, 2023 and 2022, the Class A ordinary shares reflected on the consolidated balance sheets are reconciled in the following table: Gross proceeds $ 750,000,000 Less Fair value of Public Warrants at issuance (36,750,000 ) Class A ordinary share issuance costs (42,110,034 ) Plus: Accretion of carrying value to redemption value 85,722,976 Class A Ordinary Shares subject to possible redemption as of December 31, 756,862,942 Plus: Accretion of carrying value to redemption value 37,787,324 Class A ordinary shares subject to possible redemption as of December 31, $ 794,650,266
Schedule of Earnings Per Share, Basic and Diluted	The following table reflects the calculation of basic and diluted net income per ordinary shares for the three months ended March 31, 2024 and 2023: For the Three Months Ended For the Three Months Ended Class A Class B Class A Class B Basic and diluted net income per ordinary share Numerator: Allocation of net income $ 4,129,801 $ 1,032,450 $ 6,406,917 $ 1,601,729 Denominator: Basic and diluted weighted average shares outstanding 75,000,000 18,750,000 75,000,000 18,750,000 Basic and diluted net income per ordinary shares $ 0.06 $ 0.06 $ 0.09 $ 0.09		As a result, diluted net income per share is the same as basic net income per share for the period presented. For The Year Ended December 31, 2023 For the Year Ended December 31, 2022 For the Period From November 3, 2021 Class A Class B Class A Class B Class A Class B Basic and diluted net income (loss) per ordinary share Numerator: Allocation of net income (loss) $ 13,360,506 $ 3,340,127 $ 17,918,827 $ 4,592,958 $ —  $ (5,000 ) Denominator: Basic and diluted weighted average shares 75,000,000 18,750,000 73,150,685 18,750,000 —  18,750,000 Basic and diluted net income per share $ 0.18 $ 0.18 $ 0.24 $ 0.24 $ —  $ —
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Accounting Policies [Line Items]
Schedule Of Property and Equipment is Carried at Cost Less Accumulated Depreciation		Property and equipment is carried at cost less accumulated depreciation. Depreciation is provided for on a straight line basis over the following useful lives: Computer equipment and software 3 — Furniture and equipment 3 — Leasehold improvements Lease term or the useful life, whichever is shorter Land Not depreciated

Acquisition (Tables)

Acquisition (Tables) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Business Acquisition [Line Items]
Schedule of Business Acquisitions	The preliminary allocation of the purchase price to the assets acquired and liabilities assumed, and a reconciliation to total consideration transferred is presented in the table below: (Amounts in millions) Cash and cash equivalents $ 54.1 Accounts receivable 298.8 Investment in films and television programs 371.8 Property and equipment 14.0 Intangible assets 4.0 Other assets (1) 168.2 Accounts payable and accrued liabilities (67.8 ) Content related payable (35.4 ) Participations and residuals (1) (201.9 ) Film related obligations (1) (105.8 ) Other liabilities and deferred revenue (1) (130.5 ) Preliminary fair value of net assets acquired 369.5 Goodwill 15.6 Preliminary purchase price consideration $ 385.1 (1) Includes current and non-current
Schedule of Business Acquisition Pro Forma Information	Year Ended March 31, 2024 2023 (Amounts in millions) Revenues $ 3,380.0 $ 3,911.6 Net income (loss) attributable Parent $ (376.5 ) $ 63.4

Investment in Films and Telev_2

Investment in Films and Television Programs (Tables) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Summary of Company's Investments in Films and Television Programs	The predominant monetization strategy for all of the Company’s investments in films and television programs is on an individual film basis. Total investment in films and television programs is as follows: March 31, 2024 March 31, 2023 (Amounts in millions) Investment in Films and Television Programs (1)(2) Released, net of accumulated amortization $ 992.2 $ 779.9 Completed and not released 225.4 289.8 In progress 644.4 649.1 In development 67.0 67.9 Investment in films and television programs, net $ 1,929.0 $ 1,786.7 (1) At March 31, 2024, the unamortized balance related to completed and not released and in progress theatrical films was $532.5 million. (2) Production tax credits reduced total investment in films and television programs by $112.2 million and $181.2 million during the years ended March 31, 2024 and 2023, respectively, which resulted in a reduction
Schedule of Estimated Future Amortization Expense of the Company in Film and Television Programs	The tab Year Ending March 31, 2025 2026 2027 (Amounts in millions) Estimated future amortization expense: Released investment in films and television programs $ 391.2 $ 189.5 $ 147.5 Completed and not released investment in films and television programs $ 139.6 n/a n/a
Summary of Impairment in Investment in Films and Television Programs	Impairments. Investment in films and television programs includes write-downs to fair value, which are included in direct operating expense on the combined statements of operations, and represented the following amounts by segment for the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Impairments by segment: Included in direct operating expense (1) Motion Picture $ 34.6 $ 6.2 $ 1.2 Television Production 8.4 4.6 34.9 Impairments not included in segment operating results (2) 12.8 —  —  $ 55.8 $ 10.8 $ 36.1 (1) Impairments included in direct operating expense are included in the amortization expense amounts disclosed above. (2) 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 which are included in restructuring and other.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Property, Plant and Equipment [Line Items]
Summary of Property and Equipment	March 31, 2024 March 31, 2023 (Amounts in millions) Leasehold improvements $ 34.4 $ 27.6 Property and equipment 18.1 15.2 Computer equipment and software 84.2 71.5 136.7 114.3 Less accumulated depreciation and amortization (100.6 ) (91.7 ) 36.1 22.6 Land 1.2 1.2 $ 37.3 $ 23.8

Investments (Tables)

Investments (Tables)	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Summary of Company's Investments	The Company’s investments consisted of the following: March 31, March 31, (Amounts in millions) Investments in equity method investees $ 68.4 $ 63.1 Other investments 6.4 1.6 $ 74.8 $ 64.7

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Summary of Goodwill	Goodwill Changes in the carrying value of goodwill by reporting segment were as follows: Motion Picture Television Production Total (Amounts in millions) Balance as of March 31, 2023 and 2022 $ 393.7 $ 401.9 $ 795.6 Acquisition of eOne (see Note 2) 1.0 4.8 5.8 Measurement period adjustments (1) 3.9 5.9 9.8 Balance as of March 31, 2024 $ 398.6 $ 412.6 $ 811.2 (1) Measurement period adjustments for the acquisition of eOne reflect an increase to goodwill of $9.8 million resulting from a net decrease in estimated fair value of the net assets acquired. The decrease in the estimated fair value of the net assets acquired consisted of net decreases to accounts receivable and other assets of $11.4 million and $12.4 million, respectively, partially offset by a net increase to investment in films and television programs of $4.0 million, and net decreases to content related payables of $1.9 million, accrued liabilities of $3.8 million, participations and residuals of $1.9 million, and deferred revenue of $2.4 million.
Summary of Intangible Assets	Intangible Assets Finite March 31, 2024 March 31, 2023 Gross Accumulated Net Carrying Gross Accumulated Net Carrying (Amounts in millions) Finite-lived intangible assets subject to amortization: Customer relationships $ 23.9 $ 21.7 $ 2.2 $ 31.0 $ 10.0 $ 21.0 Trademarks and trade names 7.6 3.0 4.6 3.6 2.6 1.0 Other 31.0 12.1 18.9 23.9 19.0 4.9 $ 62.5 $ 36.8 $ 25.7 $ 58.5 $ 31.6 $ 26.9

Debt (Tables)

Debt (Tables) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Debt Instrument [Line Items]
Summary of Total Debt	Total debt of the Company, excluding film related obligations, was as follows: March 31, March 31, (Amounts in millions) Senior Credit Facilities: Revolving Credit Facility $ 575.0 $ —  Term Loan A 399.3 428.2 Term Loan B 819.2 831.7 Total corporate debt 1,793.5 1,259.9 Unamortized debt issuance costs (10.2 ) (16.3 ) Total debt, net 1,783.3 1,243.6 Less current portion (860.3 ) (41.4 ) Non-current $ 923.0 $ 1,202.2
Summary of Future Annual Contractual Principal Payment Commitments of Debt	The following table sets forth future annual contractual principal payment commitments of debt as of March 31, 2024: Maturity 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 Loss on Extinguishment of Debt	Loss on Extinguishment of Debt During Year Ended March 31, 2024 2023 2022 (Amounts in millions) Loss on Extinguishment of Debt: Production loan prepayment (1) $ (1.3 ) $ —  $ —  Term Loan A prepayment —  (1.3 ) —  Credit Agreement amendment (Revolving Credit Facility and Term Loan A) (2) —  —  (1.7 ) Termination of a portion of Revolving Credit Facility commitments —  —  (1.1 ) Term Loan B repurchases and other —  —  (0.6 ) $ (1.3 ) $ (1.3 ) $ (3.4 ) (1) Represents issuance costs written off in connection with the early prepayment of certain production loans (see Note 8). (2) See Accounting for the Credit Agreement Amendment
Summary of Accounting for the Credit Agreement Amendment	The following table summarizes the accounting for the Credit Agreement Amendment on April 6, 2021, as described above: Year Ended March 31, 2022 Loss on Recorded as a Total (Amounts in millions) Credit Agreement amendment (Revolving Credit Facility and Term Loan A): New debt issuance costs and call premiums $ 0.6 $ 5.6 $ 6.2 Previously incurred debt issuance costs 1.1 18.4 19.5 $ 1.7 $ 24.0 $ 25.7

Film Related Obligations (Table

Film Related Obligations (Tables) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Disclosure In Entirety Of Film Related Obligations [Line Items]
Summary of Disclosure In Entirety Of Film Related Obligations	March 31, March 31, (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 $ 544.9 $ 1,016.4
Summary of Forth Future Annual Repayment	The following table sets forth future annual contractual principal payment commitments of debt as of March 31, 2024: Maturity 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 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 [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Summary of Forth Future Annual Repayment	The following table sets forth future annual repayment of film related obligations as of March , : 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).

Trust Account (Tables)

Trust Account (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale and Held-to-Maturity, after Allowance for Credit Loss [Abstract]
Summary of Available-for-sale Securities Reconciliation	Since all of the Company’s permitted investments consist of a money market fund and a demand deposit account, fair values of its investments are determined by Level 1 inputs utilizing quoted prices (unadjusted) in active markets for identical assets as follows: Quoted Prices Money market fund as of December 31, 2023 $ 794,750,266	Since all of the Company’s permitted investments consist of U.S. government treasury bills and cash, fair values of its investments are determined by Level 1 inputs utilizing quoted prices (unadjusted) in active markets for identical assets as follows: Quoted Prices in Active Markets (Level 1) Money market fund as of December 31, 2022 $ 441,037 Money market fund as of December 31, 2023 $ 794,750,266
Summary of excluding gross unrealized holding gain		The carrying value, excluding gross unrealized holding gain and fair value of held to maturity securities on December 31 Amortized Cost Gross Holding Gain Quoted Prices in Active Markets (Level 1) U.S. Government Treasury Securities as of December 31, 2022 (1) $ 759,271,905 $ 161,421 $ 759,433,326 (1) Maturity date March 23, 2023.

Recurring Fair Value Measurem_2

Recurring Fair Value Measurements (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table sets forth by level within the fair value hierarchy the Company’s liability that was accounted for at fair value on a recurring basis: (Level 1) (Level 2) (Level 3) Private placement warrants as of March 31, 2024 $ —  $ —  $ 234,667 PIPE with reduction right liability as of March 31, 2024 $ —  $ —  $ 19,399,127 (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2023 $ —  $ —  $ 469,333 PIPE with reduction right liability as of December 31, 2023 $ —  $ —  $ 18,253,010	The following table sets forth by level within the fair value hierarchy the Company’s liabilities that were accounted for at fair value on a recurring basis: (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2023 $ —  $ —  $ 469,333 PIPE with reduction right liability as of December 31, 2023 $ —  $ —  $ 18,253,010 (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2022 $ —  $ —  $ 3,285,333
Summary of quantitative information regarding Level 3 fair value measurements inputs as their measurement dates	The following table provides quantitative information regarding Level 3 fair value measurements inputs as of their measurement dates: March 31, December 31, Ordinary share price $ 10.70 $ 10.60 Exercise price $ 11.50 $ 11.50 Volatility 40 % 45 % Term 5.11 5.28 Risk-free rate 4.21 % 3.85 % Dividend yield 0 % 0 % Probability of completing Lionsgate Business Combination (1) 94.9 % 91.0 % Probability of completing a different business combination 0.6 % (2) 0.8 % ( 3 ) Note: The private placement will be forfeited for no consideration if the announced Lionsgate Business Combination is completed (estimated probability of 94.9 % as of March 31, 2024). (1) Estimated by solving for the implied probability of completing the Lionsgate Business Combination based on the public warrant price and the contemplated exchange price of $0.50, adjusted for the time value of money. (2) Derived as follows: 11%*(1-94.9%), where 11 % represents the probability of completing a different business combination based on public trading of rights for special purpose acquisition companies and 94.9 % represents the probability of completing the Lionsgate Business Combination. (3) Derived as follows: 9%*(1-91%), where 9 % represents the probability of completing a different business combination based on public trading of rights for special purpose acquisition companies and 91 % represents the probability of completing the Lionsgate Business Combination.	The following table provides quantitative information regarding Level 3 fair value measurement inputs for the private placement warrants as of their measurement dates: Inputs: As of December 31, 2023 As of December 31, 2022 Ordinary share stock price $ 10.60 $ 9.94 Exercise price 11.50 11.50 Volatility 45 % 31 % Term 5.28 5.75 Risk-free rate of interest 3.85 % 3.98 % Dividend yield 0 % 0 % Probability of completing the Business Combination 91 % (1) N/A Probability of completing a different business combination 0.8 % (2) 9 % (3) Note: The private placement will be forfeited for no consideration if the announced Business Combination with StudioCo is completed (estimated probability of (1) Estimated by solving for the implied probability of completing the Business Combination with StudioCo (2) Derived as follows: 9%*(1-91%), with StudioCo (3) Based on public trading of rights for special purpose acquisition companies and their implied business combination probabilities as of December 31, 2022.
Summary of The change in the fair value of the warrant liabilities	The change in the fair value of the warrant liabilities for the three months ended March 31, 2024 and 2023 is summarized as follows: Level 3 Derivative warrant liability at December 31, 2023 $ 469,333 Change in fair value of derivative warrant liability (234,666 ) Level 3 Derivative warrant liability at March 31, 2024 $ 234,667 Level 3 Derivative warrant liability at December 31, 202 2 $ 3,285,333 Change in fair value of derivative warrant liability (469,333 ) Level 3 Derivative warrant liability at March 31, 202 3 $ 2,816,000	The change in the fair value of the warrant liabilities for the years ended December 31, 2022 and 2023, respectively, is summarized as follows: Level 3 Derivative warrant liability at December 31, 2021 $ — Issuance of Private Warrants on January 10, 2022 17,482,666 Change in fair value of derivative warrant liability (14,197,333 ) Level 3 Derivative warrant liability at December 31, 2022 3,285,333 Change in fair value of derivative warrant liability (2,816,000 ) Level 3 Derivative warrant liability at December 31, 2023 $ 469,333
Summary of quantitative information regarding Level 3 fair value measurement inputs for the PIPE with reduction right liability	The following table provides quantitative information regarding Level 3 fair value measurement inputs for the PIPE with reduction right liability as of their measurement dates: Inputs: As of As of Ordinary share stock price $ 10.70 $ 10.60 Term (1) 0.11 0.28 Risk-free rate of interest (2) 5.37 % 5.20 % Probability of completing the Lionsgate Business Combination (3) 94.9 % 91 % (1) Assumes the transaction closes on May 10, 2024 as of March 31, 2024 and April 10, 2024 as of December 31, 2023. (2) Reflects 1-month 3-month (3) Estimated by solving for the implied probability of completing the Lionsgate Business Combination based on the public warrant price and the contemplated exchange price of $0.50, adjusted for the time value of money.	The following table provides quantitative information regarding Level 3 fair value measurement inputs for the PIPE with reduction right liability as of their measurement dates: Inputs: As of As of Ordinary share stock price $ 10.62 $ 10.60 Term (1) 0.30 0.28 Risk-free rate of interest (2) 5.24 % 5.20 % Probability of completing the Business Combination (3) 91 % 91 % (1) Assumes the transaction closes on April 10, 2024. (2) Reflects 3-month US treasury, secondary market rate as of the valuation date. (3) Estimated by solving for the implied probability of completing the Business Combination with St u based on the public warrant price and the contemplated exchange price of $ 0.50 , adjusted for the time value of money.
Summary fair value of the PIPE with reduction right liability	The change in the fair value of the PIPE with reduction right liability for the quarter ended March 31, 2024 is summarized as follows: Level 3 PIPE reduction right liability December 31, 2022 $ — Issuance of PIPE with reduction right liability on December 22, 2023 18,797,300 Change in fair value of PIPE reduction right liability (544,290 ) Level 3 PIPE reduction right liability December 31, 2023 18,253,010 Change in fair value of PIPE reduction right liability 1,146,117 Level 3 PIPE reduction right liability March 31, 2024 $ 19,399,127	The change in the fair value of the PIPE with reduction right liability for the year ended December 31, 2023 is summarized as follows: Level 3 PIPE reduction right liability December 31, 2022 $ —   Issuance of PIPE with 18,797,300 Change in fair value of PIPE reduction right liability (544,290 ) Level 3 PIPE with $ 18,253,010

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Summary of redeemable noncontrolling interests	The table below presents the reconciliation of changes in redeemable noncontrolling interests: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Beginning balance $ 343.6 $ 321.2 $ 219.1 Net loss attributable to redeemable noncontrolling interests (14.9 ) (9.2 ) (17.7 ) Noncontrolling interests discount accretion —  13.2 22.7 Adjustments to redemption value 83.4 78.4 98.6 Other (1) (93.2 ) 1.7 —  Cash distributions (1.0 ) (6.6 ) (1.5 ) Purchase of noncontrolling interest (194.6 ) (55.1 ) —  Ending balance $ 123.3 $ 343.6 $ 321.2 (1) In fiscal 2024, amounts represent the reclassification of a portion of the 3 Arts Entertainment redeemable noncontrolling interest from mezzanine equity to a liability, as further described below.

Revenue (Tables)

Revenue (Tables) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Disaggregation of Revenue [Line Items]
Summary of revenue by segment, market or product line	The table below presents revenues by segment, market or product line for the fiscal years ended March 31, 2024, 2023 and 2022. The Motion Picture and Television Production segments include the revenues of eOne from the acquisition date of December 27, 2023 (see Note 2). Year Ended March 31, 2024 2023 2022 (Amounts in millions) Revenue by Type: Motion Picture Theatrical $ 226.5 $ 120.7 $ 65.3 Home Entertainment Digital Media 652.3 527.5 497.1 Packaged Media 84.0 70.5 115.0 Total Home Entertainment 736.3 598.0 612.1 Television 274.4 217.8 257.9 International 391.0 365.0 234.4 Other 28.1 22.2 15.6 Total Motion Picture revenues (1) 1,656.3 1,323.7 1,185.3 Television Production Television 788.5 1,144.3 1,094.5 International 228.8 277.7 256.5 Home Entertainment Digital Media 240.6 241.7 85.1 Packaged Media 2.0 3.3 6.9 Total Home Entertainment 242.6 245.0 92.0 Other 70.2 93.1 88.0 Total Television Production revenues (2) 1,330.1 1,760.1 1,531.0 Total revenues $ 2,986.4 $ 3,083.8 $ 2,716.3 (1) Total Motion Picture revenues for the years ended March 31, 2024, 2023 and 2022, includes $128.2 million, $44.2 million, and $38.0 million, respectively, of revenues from licensing Motion Picture segment product to the Starz Business. (2) Total Television Production revenues for the years ended March 31, 2024, 2023 and 2022, includes $417.7 million, $731.3 million, and $610.2 million, respectively, of revenues from licensing Television Production segment product to the Starz Business.
Summary of remaining performance obligations	Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at March 31, 2024 are as follows: Year Ending March 31, 2025 2026 2027 Thereafter Total (Amounts in millions) Remaining Performance Obligations $ 1,180.1 $ 486.3 $ 48.5 $ 51.0 $ 1,765.9
Summary of accounts receivable, contract assets and deferred revenue	Changes in the provision for doubtful accounts consisted of the following: March 31, (Benefit) Other (1) Uncollectible written-off (2) March 31, (Amounts in millions) Trade accounts receivable $ 8.7 $ (0.3 ) $ 1.3 $ (3.3 ) $ 6.4 (1) Represents the provision for doubtful accounts acquired in the acquisition of eOne (see Note 2). (2) Represents primarily accounts receivable previously reserved for bad debt from customers in Russia, related to Russia’s invasion of Ukraine.

Share-Based Compensation (Table

Share-Based Compensation (Table) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Summary Of Share-Based Compensation Expense	The Company recognized the following share-based compensation expense during the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Compensation Expense: Stock options $ 1.7 $ 2.3 $ 9.6 Restricted share units and other share-based compensation 37.7 39.3 38.6 Share appreciation rights 0.4 0.9 2.4 Total Studio employee share-based compensation expense 39.8 42.5 50.6 Corporate allocation of share-based compensation 15.0 26.7 19.6 54.8 69.2 70.2 Impact of accelerated vesting on equity awards (1) 7.7 4.2 —  Total share-based compensation expense 62.5 73.4 70.2 Tax impact (2) (15.1 ) (17.8 ) (16.7 ) Reduction in net income $ 47.4 $ 55.6 $ 53.5 (1) Represents the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements. (2) Represents the income tax benefit recognized in the statements of operations for share-based compensation arrangements prior to the effects of changes in the valuation allowance.
Summary Of Share-Based Compensation Expense, By Expense Category	Share-based compensation expense, by expense category, consisted of the following: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Share-Based Compensation Expense: General and administration $ 54.8 $ 69.2 $ 70.2 Restructuring and other 7.7 4.2 —  $ 62.5 $ 73.4 $ 70.2
Summary Of Stock Option, And Share Appreciation Rights	The following table sets forth the stock option, and share appreciation rights (“SARs”) activity on grants related directly to the Company employees and Lionsgate corporate and shared service employees during the year ended March 31, 2024: Stock Options and SARs Existing Class A Common Stock Existing Class B Common Stock Number Weighted- Weighted- Aggregate (2) Number Weighted- Weighted- Aggregate (2) (Amounts in millions, except for weighted-average exercise price and years) Outstanding at March 31, 2023 4.3 $ 26.35 19.0 $ 15.50 Granted —  $ —  0.3 $ 8.88 Exercised —  (1) $ 7.70 (0.1 ) $ 7.11 Forfeited or expired (1.9 ) $ 30.81 (2.1 ) $ 27.72 Outstanding at March 31, 2024 2.4 $ 22.96 2.51 $ 0.1 17.1 $ 13.92 5.12 $ 5.9 Vested or expected to vest at March 31, 2024 2.4 $ 22.96 2.51 $ 0.1 17.0 $ 13.94 5.11 $ 5.9 Exercisable at March 31, 2024 2.4 $ 22.96 2.51 $ 0.1 16.4 $ 14.16 4.96 $ 5.6 (1) Represents less than 0.1 million shares. (2) The intrinsic value is calculated for each in the money stock option and SAR as the difference between the closing price of Lionsgate’s common stock on March 31, 2024 and the exercise price.
Summary Of Weighted Average Grant-Date Fair Value Of Options Granted	The fair value of each option award is estimated on the date of grant using a closed-form option valuation model (Black-Scholes). The following table presents the weighted average grant-date fair value of options granted in the years ended March 31, 2024, 2023 and 2022, and the weighted average applicable assumptions used in the Black-Scholes option-pricing model for stock options and share-appreciation rights granted during the years then ended: Year Ended March 31, 2024 2023 2022 Weighted average fair value of grants $4.63 $4.56 $6.16 Weighted average assumptions: Risk-free interest rate (1) 4.3% - 4.5% 2.8% - 3.7% 1.1% - 2.45% Expected option lives (in years) (2) 3.3 -7 years 3.5 -7 years 3.3 -7 years Expected volatility for options (3) 46% -47% 44% 42% -44% Expected dividend yield (4) 0% 0% 0% (1) The risk-free rate assumed in valuing the options is based on the U.S. Treasury Yield curve in effect applied against the expected term of the option at the time of the grant. (2) The expected term of options granted represents the period of time that options granted are expected to be outstanding. (3) Expected volatilities are based on implied volatilities from traded options on Lionsgate’s shares, historical volatility of Lionsgate’s shares and other factors. (4) The expected dividend yield is estimated by dividing the expected annual dividend by the market price of Lionsgate’s shares at the date of grant. The total intrinsic value (based on Lionsgate’s share price) of options exercised during the year ended March 31, 2024 was $0.2 million (2023 — $1.1 million, 2022 — $2.1 million ). During the year ended March , , less than million shares and — less than million shares) were cancelled to fund withholding tax obligations upon exercise of options.
Summary Of Restricted Share Unit And Restricted Stock Activity	The following table sets forth the restricted share unit and restricted stock activity on grants related directly to Company employees and Lionsgate corporate and shared service employees during the year ended March 31, 2024: Restricted Share Units and Restricted Stock Existing Class A Weighted- Existing Weighted- (Amounts in millions, except for weighted-average grant date fair value) Outstanding at March 31, 2023 —  (1) $ 10.95 10.8 $ 9.90 Granted 0.1 $ 8.87 6.3 $ 8.22 Vested —  (1) $ 10.89 (7.0 ) $ 9.37 Forfeited —  $ —  (0.3 ) $ 8.64 Outstanding at March 31, 2024 0.1 $ 9.27 9.8 $ 8.93 (1) Represents less than 0.1 million shares. The fair values of restricted share units and restricted stock are determined based on the market value of the shares on the date of grant. The total fair value of restricted share units and restricted stock vested during the year ended March 31, 2024 was $67.5 million (2023—$40.0 million, 2022—$51.0 million).
Summary Of Total Remaining Unrecognized Compensation Cost	The following table summarizes the total remaining unrecognized compensation cost as of March 31 non-vested Total Unrecognized Compensation Cost Weighted Average Remaining Years (Amounts in Stock Options $ 2.3 1.5 Restricted Share Units and Restricted Stock 40.5 1.6 Total (1) $ 42.8 (1) Represents remaining unrecognized compensation cost related to the Company’s employees and an allocation of compensation costs for Lionsgate corporate and shared service employees. Under Lionsgate’s stock option and long term incentive plans, Lionsgate withholds shares to satisfy minimum statutory federal, state and local tax withholding obligations arising from the vesting of restricted share units and restricted stock. During the year ended March 31, 2024, 3.0 million shares (2023 — 1.5 million shares, 2022—1.8 m illion

Leases (Table)

Leases (Table) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Lessee Operating Leases [Line Items]
Summary Of Components Of Lease Cost	The components of lease cost were as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Operating lease cost (1) $ 48.7 $ 35.3 $ 42.1 Short-term lease cost (2) 96.2 145.0 233.1 Variable lease cost (3) 3.0 2.8 1.3 Total lease cost $ 147.9 $ 183.1 $ 276.5 (1) Operating lease cost amounts primarily represent the amortization of right-of-use (2) Short-term lease cost primarily consists of leases of facilities and equipment associated with film and television productions and are capitalized when incurred. (3) Variable lease cost primarily consists of insurance, taxes, maintenance and other operating costs.
Summary Of Supplemental Balance Sheet Information Related To Leases	Supplemental balance sheet information related to leases was as follows: Category Balance Sheet Location March 31, March 31, Operating Leases (Amounts in millions) Right-of-use Other assets—non-current $ 344.3 $ 116.8 Lease liabilities (current) Other accrued liabilities $ 44.4 $ 37.7 Lease liabilities (non-current) Other liabilities—non-current 329.7 96.4 $ 374.1 $ 134.1
Summary Of Weighted Average In Operating Leases	March 31, March 31, Weighted average remaining lease term (in years): Operating leases 9.4 4.3 Weighted average discount rate: Operating leases 5.37 % 3.65 %
Summary Of Expected Future Payments Relating To The Company's Lease Liabilities	The expected future payments relating to the Company’s lease liabilities at March , are as follows: Operating Leases (Amounts in Year ending March 31, 2025 $ 62.9 2026 56.1 2027 49.3 2028 49.2 2029 45.4 Thereafter 220.8 Total lease payments 483.7 Less imputed interest (109.6 ) Total $ 374.1

Fair Value Measurements (Table)

Fair Value Measurements (Table)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Summary Of Assets And Liabilities Required To Be Carried At Fair Value On A Recurring Basis	The following table sets forth by level within the fair value hierarchy the Company’s liability that was accounted for at fair value on a recurring basis: (Level 1) (Level 2) (Level 3) Private placement warrants as of March 31, 2024 $ —  $ —  $ 234,667 PIPE with reduction right liability as of March 31, 2024 $ —  $ —  $ 19,399,127 (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2023 $ —  $ —  $ 469,333 PIPE with reduction right liability as of December 31, 2023 $ —  $ —  $ 18,253,010		The following table sets forth by level within the fair value hierarchy the Company’s liabilities that were accounted for at fair value on a recurring basis: (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2023 $ —  $ —  $ 469,333 PIPE with reduction right liability as of December 31, 2023 $ —  $ —  $ 18,253,010 (Level 1) (Level 2) (Level 3) Private placement warrants as of December 31, 2022 $ —  $ —  $ 3,285,333
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Summary Of Assets And Liabilities Required To Be Carried At Fair Value On A Recurring Basis		The following table sets forth the assets and liabilities required to be carried at fair value on a recurring basis as of March 31, 2024 and 2023: March 31, 2024 March 31, 2023 Level 1 Level 2 Total Level 1 Level 2 Total (Amounts in millions) Assets: Forward exchange contracts (see Note 18) $ —  $ —  $ —  $ —  $ 2.9 $ 2.9 Interest rate swaps (see Note 18) —  35.6 35.6 —  41.1 41.1 Liabilities: Forward exchange contracts (see Note 18) —  (2.8 ) (2.8 ) —  (0.1 ) (0.1 )
Summary Of Carrying Values And Fair Values Of The Company		The following table sets forth the carrying values and fair values of the Company’s outstanding debt, film related obligations, and interest rate swaps at March 31, 2024 and 2023: March 31, 2024 March 31, 2023 (Amounts in millions) Carrying Value Fair (1) Carrying Fair (1) (Level 2) (Level 2) Term Loan A $ 396.6 $ 397.3 $ 424.2 $ 415.4 Term Loan B 816.9 818.1 827.2 817.1 Production Loans 1,286.2 1,292.2 1,346.1 1,349.9 Production Tax Credit Facility 258.7 260.0 229.4 231.8 Backlog Facility and Other 285.4 287.3 223.7 226.0 IP Credit Facility 107.6 109.9 140.8 143.8 (1) The Company measures the fair value of its outstanding debt and interest rate swaps using discounted cash flow techniques that use observable market inputs, such as SOFR-based yield curves, swap rates, and credit ratings (Level 2 measurements).

Income Taxes (Tables)

Income Taxes (Tables) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Summary Of Components Of Pretax Income (Loss)	The components of pretax income (loss), net of intercompany eliminations, are as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) United States $ (143.8 ) $ (33.5 ) $ 20.4 International 71.1 38.9 (9.2 ) $ (72.7 ) $ 5.4 $ 11.2
Summary Of Company's Current And Deferred Income Tax Provision	The Company’s current and deferred income tax provision are as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Current provision: Federal $ 20.4 $ 3.2 $ 5.7 States 5.6 (0.5 ) 3.2 International 12.6 10.0 7.2 Total current provision 38.6 $ 12.7 $ 16.1 Deferred provision: Federal (3.4 ) 0.4 0.9 States 0.3 (0.1 ) 0.3 International (1.3 ) 1.3 —  Total deferred provision (4.4 ) 1.6 1.2 Total provision for income taxes $ 34.2 $ 14.3 $ 17.3
Summary Of Differences Between Income Tax Rates And The Income Tax Provision	The differences between income taxes expected at U.S. statutory income tax rates and the income tax provision are as set forth below: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Income taxes computed at Federal statutory rate $ (15.3 ) $ 1.1 $ 2.4 Foreign operations subject to different income tax rates 6.8 5.0 7.1 State income tax 5.9 (0.6 ) 3.5 Remeasurements of originating deferred tax assets and liabilities 4.7 (4.7 ) (9.2 ) Permanent differences 0.1 2.1 —  Nondeductible share-based compensation 1.2 1.8 (2.7 ) Nondeductible officers compensation 7.7 9.8 5.1 Non-controlling 18.6 1.8 3.7 Foreign derived intangible income (2.4 ) (1.4 ) —  Other 2.7 1.7 1.5 Changes in valuation allowance 4.2 (2.3 ) 5.9 Total provision for income taxes $ 34.2 $ 14.3 $ 17.3
Summary Of Income Tax Effects Of Temporary Differences Between The Book Value And Tax Basis Of Assets And Liabilities	The income tax effects of temporary differences between the book value and tax basis of assets and liabilities are as follows: March 31, 2024 March 31, 2023 (Amounts in millions) Deferred tax assets: Net operating losses $ 241.9 $ 94.1 Foreign tax credits —  7.2 Intangible assets 9.5 —  Accrued compensation 42.9 50.7 Operating leases- liabilities 83.5 24.4 Other assets 50.7 14.5 Reserves 21.1 8.0 Interest 68.0 21.8 Total deferred tax assets 517.6 220.7 Valuation allowance (341.6 ) (152.2 ) Deferred tax assets, net of valuation allowance 176.0 68.5 Deferred tax liabilities: Intangible assets —  (8.0 ) Investment in film and television programs (56.9 ) (3.6 ) Unrealized gains on derivative contracts (32.9 ) (33.5 ) Operating leases—assets (78.2 ) (21.9 ) Other (21.7 ) (19.6 ) Total deferred tax liabilities (189.7 ) (86.6 ) Net deferred tax liabilities $ (13.7 ) $ (18.1 )
Summary Of The Gross Unrecognized Tax Benefits, Exclusive Of Interest And Penalties	The following table summarizes the changes to the gross unrecognized tax benefits, exclusive of interest and penalties, for the years ended March 31, 2024, 2023 and 2022: Amounts in millions Gross unrecognized tax benefits at March 31, 2021 $ 0.6 Increases related to current year tax position —  Increases related to prior year tax positions 0.4 Decreases related to prior year tax positions —  Settlements —  Lapse in statute of limitations —  Gross unrecognized tax benefits at March 31, 2022 1.0 Increases related to current year tax position —  Increases related to prior year tax positions —  Decreases related to prior year tax positions —  Settlements —  Lapse in statute of limitations (0.7 ) Gross unrecognized tax benefits at March 31, 2023 0.3 Increases related to current year tax position —  Increases related to prior year tax positions 5.3 Decreases related to prior year tax positions —  Settlements —  Lapse in statute of limitations (0.3 ) Gross unrecognized tax benefits at March 31, 2024 $ 5.3

Restructuring and Other (Tables

Restructuring and Other (Tables)	12 Months Ended
	Mar. 31, 2024
Summary of Restructuring and Other and Other Unusual Charges or Benefits	Restructuring and other includes restructuring and severance costs, certain transaction and other costs, and certain unusual items, when applicable. During the years ended March 31, 2024, 2023 and 2022, the Company also incurred certain other unusual charges or benefits, which are included in direct operating expense and distribution and marketing expense in the combined statements of operations and are described below. The following table sets forth restructuring and other and these other unusual charges or benefits and the statement of operations line items they are included in for the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Restructuring and other: Content and other impairments (1) $ 12.8 $ 5.9 $ —  Severance (2) Cash 27.5 10.8 2.8 Accelerated vesting on equity awards (see Note 13) 7.7 4.2 —  Total severance costs 35.2 15.0 2.8 COVID-19 —  0.1 1.0 Transaction and other costs (3) 84.9 6.2 2.5 Total Restructuring and Other 132.9 27.2 6.3 Other unusual charges not included in restructuring and other or the Company’s operating segments: Content charges included in direct operating expense (4) 1.5 8.1 —  COVID-19 (5) (0.9 ) (8.9 ) (5.2 ) Charges related to Russia’s invasion of Ukraine included in direct operating expense (6) —  —  5.9 Total restructuring and other and other unusual charges not included in restructuring and other $ 133.5 $ 26.4 $ 7.0 (1) Amounts in the fiscal year ended March 31, 2024 include $12.8 million of development costs written off in connection with changes in strategy in the Television Production segment as a result of the acquisition of eOne. Amounts in the fiscal year ended March 31, 2023 include an impairment of an operating lease right-of-use (2) Severance costs in the fiscal years ended March 31, 2024, 2023 and 2022 were primarily related to restructuring activities and other cost-saving initiatives. In fiscal 2024, amounts were due to restructuring activities including integration of the acquisition of eOne and our Motion Picture and Television Production segment. (3) Amounts in the fiscal years ended March 31, 2024, 2023 and 2022 reflect transaction, integration and legal costs associated with certain strategic transactions, and restructuring activities and also include costs and benefits associated with legal and other matters. In fiscal 2024, these amounts include $49.2 million associated with the acquisition of additional interest in 3 Arts Entertainment. Due to the new arrangement representing a modification of terms of the compensation element under the previous arrangement which resulted in the reclassification of the equity award to a liability award, the Company recognized incremental compensation expense of $ 49.2 in fiscal 2024 includes approximately $16.6 million of a loss associated with a theft at a production of a 51% owned consolidated entity. The Company expects to recover a portion of this amount under its insurance coverage and from the noncontrolling interest holders of this entity. The remaining amounts in fiscal 2024 primarily represent acquisition and integration costs related to the acquisition of eOne, and costs associated with the separation of the Starz Business from the Studio Business. (4) Amounts represent certain unusual content charges. In the fiscal year ended March 31, 2023, the amounts represent development costs written off as a result of changes in strategy across the Company’s theatrical slate in connection with certain management changes and changes in the theatrical marketplace in the Motion Picture segment. These charges are excluded from segment results and included in amortization of investment in film and television programs in direct operating expense on the combined statement of operations. (5) Amounts reflected in direct operating expense include incremental costs associated with the pausing and restarting of productions including paying/hiring certain cast and crew, maintaining idle facilities and equipment costs resulting from COVID-19 1.0 8.4 15.6 (6) 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.
Summary of Changes in the Restructuring and Other Severance Liability	Changes in the restructuring and other severance liability were as follows for the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Severance liability Beginning balance $ 3.7 $ 0.8 $ 3.9 Accruals 27.5 10.8 2.8 Severance payments (11.9 ) (7.9 ) (5.9 ) Ending balance (1) $ 19.3 $ 3.7 $ 0.8 (1) As of March 31, 2024, the remaining severance liability of approximately $19.3 million is expected to be paid in the next 12 months.

Segment Information (Tables)

Segment Information (Tables) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Summary Of Segment Reporting Information By Segment	Segment information is presented in the table below. The Motion Picture and Television Production segments include the results of operations of eOne from the acquisition date of December 27, 2023 (see Note 2). Year Ended March 31, 2024 2023 2022 (Amounts in millions) Segment revenues Motion Picture $ 1,656.3 $ 1,323.7 $ 1,185.3 Television Production 1,330.1 1,760.1 1,531.0 Total revenue $ 2,986.4 $ 3,083.8 $ 2,716.3 Gross contribution Motion Picture $ 433.3 $ 386.3 $ 356.0 Television Production 204.7 185.3 124.1 Total gross contribution 638.0 571.6 480.1 Segment general and administration Motion Picture 113.9 109.8 93.1 Television Production 57.9 51.9 40.2 Total segment general and administration 171.8 161.7 133.3 Segment profit Motion Picture 319.4 276.5 262.9 Television Production 146.8 133.4 83.9 Total segment profit $ 466.2 $ 409.9 $ 346.8
Summary Of Reconciliation Of Total Segment Profit To The Company's Income (loss)	The reconciliation of total segment profit to the Company’s income (loss) before income taxes is as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Company’s total segment profit $ 466.2 $ 409.9 $ 346.8 Corporate general and administrative expenses (1) (110.6 ) (100.9 ) (80.0 ) Adjusted depreciation and amortization (2) (10.5 ) (12.2 ) (12.4 ) Restructuring and other (132.9 ) (27.2 ) (6.3 ) COVID-19 (3) 0.9 8.9 5.2 Content charges (4) (1.5 ) (8.1 ) —  Charges related to Russia’s invasion of Ukraine (5) —  —  (5.9 ) Adjusted share-based compensation expense (6) (54.8 ) (69.2 ) (70.2 ) Purchase accounting and related adjustments (7) (17.1 ) (61.6 ) (65.3 ) Operating income 139.7 139.6 111.9 Interest expense (222.5 ) (162.6 ) (115.0 ) Interest and other income 19.2 6.4 28.0 Other expense (20.0 ) (21.2 ) (8.6 ) Loss on extinguishment of debt (1.3 ) (1.3 ) (3.4 ) Gain on investments, net 3.5 44.0 1.3 Equity interests income (loss) 8.7 0.5 (3.0 ) Income (loss) before income taxes $ (72.7 ) $ 5.4 $ 11.2
Summary Of Adjusted Depreciation And Amortization Reporting Segment	Year Ended March 31, 2024 2023 2022 (Amounts in millions) Depreciation and amortization $ 15.6 $ 17.9 $ 18.1 Less: Amount included in purchase accounting and related adjustments (5.1 ) (5.7 ) (5.7 ) Adjusted depreciation and amortization $ 10.5 $ 12.2 $ 12.4
Summary Of Reconciles Total Share Based Compensation Expense	(6) The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Total share-based compensation expense (i) $ 62.5 $ 73.4 $ 70.2 Less: Amount included in restructuring and other (ii) (7.7 ) (4.2 ) —  Adjusted share-based compensation $ 54.8 $ 69.2 $ 70.2
Summary Of Purchase Accounting And Related Adjustments	Year Ended March 31, 2024 2023 2022 (Amounts in millions) Purchase accounting and related adjustments: Direct operating $ —  $ 0.7 $ 0.4 General and administrative expense (i) 12.0 55.2 59.2 Depreciation and amortization 5.1 5.7 5.7 $ 17.1 $ 61.6 $ 65.3
Summary Of Noncontrolling Equity Interest In The Distributable Earnings	Year Ended March 31, 2024 2023 2022 (Amounts in millions) Amortization of recoupable portion of the purchase price $ 1.3 $ 7.7 $ 7.7 Noncontrolling interest discount amortization —  13.2 22.7 Noncontrolling equity interest in distributable earnings 10.7 34.3 28.8 $ 12.0 $ 55.2 $ 59.2
Summary Of General And Administration Of The Company	The following table reconciles segment general and administration to the Company’s total combined general and administration expense: Year Ended March 31, 2024 2023 2022 (Amounts in millions) General and administration Segment general and administrative expenses $ 171.8 $ 161.7 $ 133.3 Corporate general and administrative expenses 110.6 100.9 80.0 Share-based compensation expense included in general and administrative expense (1) 54.8 69.2 70.2 Purchase accounting and related adjustments 12.0 55.2 59.2 $ 349.2 $ 387.0 $ 342.7 (1) Includes share-based compensation expense related to the allocation of Lionsgate corporate and shared employee share-based compensation expenses of $15.0 million in fiscal year 2024 (2023- $26.7 million, 2022 - $19.6 million).
Summary Of Reconciliation Of Total Segments Assets To The Company	The reconciliation of total segment assets to the Company’s total combined assets is as follows: March 31, March 31, (Amounts in millions) Assets Motion Picture $ 1,851.4 $ 1,759.4 Television Production 2,347.8 1,949.1 Other unallocated assets (1) 903.8 704.2 $ 5,103.0 $ 4,412.7 (1) Other unallocated assets primarily consist of cash, other assets and investments.
Summary Of Acquisition Of Investment In Films And Television Programs	The following table sets forth acquisition of investment in films and television programs, as broken down by segment for the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Acquisition of investment in films and television programs Motion Picture $ 418.1 $ 484.5 $ 463.1 Television Production 702.4 1,083.9 1,287.0 $ 1,120.5 $ 1,568.4 $ 1,750.1
Summary Of Capital Expenditures	The following table sets forth capital expenditures, as broken down by segment for the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Capital expenditures Motion Picture $ —  $ —  $ —  Television Production 0.3 0.3 0.4 Corporate (1) 9.6 6.2 5.7 $ 9.9 $ 6.5 $ 6.1 (1) Represents unallocated capital expenditures primarily related to the Company’s corporate headquarters.
Summary Of Revenue From External Customers By Geographic Areas	Revenue by geographic location, based on the location of the customers, with no other foreign country individually comprising greater than 10% of total revenue, is as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Revenue Canada $ 70.4 $ 64.0 $ 56.7 United States 2,262.3 2,348.8 2,084.0 Other foreign 653.7 671.0 575.6 $ 2,986.4 $ 3,083.8 $ 2,716.3
Summary Of Long-lived Assets By Geographic Areas	Long-lived assets by geographic location are as follows: March 31, March 31, (Amounts in millions) Long-lived assets (1) United States $ 2,047.6 $ 1,736.5 Other foreign 263.0 190.8 $ 2,310.6 $ 1,927.3 (1) Long-lived assets represents total assets less the following: current assets, investments, long-term receivables, interest rate swaps, intangible assets, goodwill and deferred tax assets.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Mar. 31, 2024
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
Schedule of annual repayment of contractual commitments	The following table sets forth the Company’s future annual repayment of contractual commitments as of March 31, 2024: Year Ending March 31, 2025 2026 2027 2028 2029 Thereafter Total (Amounts in millions) Contractual commitments by expected repayment date (off-balance Film related obligations commitments (1) $ 221.4 $ 45.6 $ 11.8 $ 4.5 $ —  $ —  $ 283.3 Interest payments (2) 126.3 39.5 9.9 3.1 —  —  178.8 Other contractual obligations 98.5 57.3 47.7 35.7 32.4 178.3 449.9 Total future commitments under contractual obligations (3) $ 446.2 $ 142.4 $ 69.4 $ 43.3 $ 32.4 $ 178.3 $ 912.0 (1) Film related obligations commitments are not reflected on the combined balance sheets as they did not then meet the criteria for recognition and include the following items: (i) Distribution and marketing commitments represent contractual commitments for future expenditures associated with distribution and marketing of films which the Company will distribute. The payment dates of these amounts are primarily based on the anticipated release date of the film. (ii) Minimum guarantee commitments represent contractual commitments related to the purchase of film rights for pictures to be delivered in the future. (iii) Production loan commitments represent amounts committed for future film production and development to be funded through production financing and recorded as a production loan liability when incurred. Future payments under these commitments are based on anticipated delivery or release dates of the related film or contractual due dates of the commitment. The amounts include estimated future interest payments associated with the commitment. (2) Includes cash interest payments on the Company’s Senior Credit Facilities and film related obligations, based on the applicable SOFR interest rates at March 31, 2024, net of payments and receipts from the Company’s interest rate swaps, and excluding the interest payments on the revolving credit facility as future amounts are not fixed or determinable due to fluctuating balances and interest rates. (3) Not included in the amounts above are $123.3 million of redeemable noncontrolling interest, as future amounts and timing are subject to a number of uncertainties such that the Company is unable to make sufficiently reliable estimations of future payments (see Note 11).

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Mar. 31, 2024
Summary of Outstanding Forward Foreign Exchange Contracts	As of March 31, 2024, the Company had the following outstanding forward foreign exchange contracts March 31, 2024 Foreign Currency Foreign Currency US Dollar Weighted Average (Amounts in (Amounts in millions) British Pound Sterling 0.5 GBP in exchange for $ 0.6 0.79 GBP Czech Koruna 180.0 CZK in exchange for $ 7.7 23.29 CZK Euro 0.6 EUR in exchange for $ 0.5 0.91 EUR Canadian Dollar 21.4 CAD in exchange for $ 15.9 1.34 CAD Mexican Peso 56.7 MXN in exchange for $ 3.0 18.95 PLN Hungarian Forint 1,450.0 HUF in exchange for $ 4.0 360.17 HUF New Zealand Dollar 73.9 NZD in exchange for $ 45.3 1.64 NZD
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Summary of Derivative Instruments Designated As Cash Flow Hedges	Designated Cash Flow Hedges. As of March , and March , , the Company had the following pay-fixed interest rate swaps, which have been designated as cash flow hedges outstanding (all related to the Company’s SOFR-based debt, see Note and Note . Effective Date Notional Amount Fixed Rate Paid Maturity Date (in millions) May 23, 2018 $ 300.0 2.915 % March 24, 2025 May 23, 2018 $ 700.0 2.915 % March 24, 2025 (1) June 25, 2018 $ 200.0 2.723 % March 23, 2025 (1) July 31, 2018 $ 300.0 2.885 % March 23, 2025 (1) December 24, 2018 $ 50.0 2.744 % March 23, 2025 (1) December 24, 2018 $ 100.0 2.808 % March 23, 2025 (1) December 24, 2018 $ 50.0 2.728 % March 23, 2025 (1) Total $ 1,700.0 (1) Represents the re-designated
Summary of Financial Statement Effect of Derivatives	The following table presents the pre-tax Year Ended March 31, 2024 2023 2022 (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts Gain (loss) recognized in accumulated other comprehensive income $ (5.8 ) $ 1.7 $ 1.7 Loss reclassified from accumulated other comprehensive income (loss) (0.3 ) (0.3 ) (0.2 ) Interest rate swaps Gain recognized in accumulated other comprehensive income (loss) $ 36.3 $ 81.1 $ 66.5 Gain (loss) reclassified from accumulated other comprehensive income 41.8 1.4 (15.0 ) Derivatives not designated as cash flow hedges: Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) $ (7.2 ) $ (11.8 ) $ (33.8 ) Total direct operating expense on combined statements of operations $ 1,886.7 $ 2,207.9 $ 1,922.1 Total interest expense on combined statements of operations $ 222.5 $ 162.6 $ 115.0
Summary of Balance Sheets Related to the Company's Use of Derivatives	As of March 31, 2024 and 2023, the Company had the following amounts recorded in the accompanying combined balance sheets related to the Company’s use of derivatives: March 31, 2024 Other Other Non- Other (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ —  $ —  $ 2.8 Interest rate swaps 35.6 —  —  Fair value of derivatives $ 35.6 $ —  $ 2.8 March 31, 2023 Other Other Non- Other (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ 2.9 $ —  $ 0.1 Interest rate swaps —  41.1 —  Fair value of derivatives $ 2.9 $ 41.1 $ 0.1

Additional Financial Informat_2

Additional Financial Information (Tables) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Additional Financial Information [Line Items]
Summary of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the combined balance sheets to the total amounts reported in the combined statements of cash flows at March 31, 2024 and 2023. At March 31, 2024 and 2023, restricted cash represents primarily amounts related to required cash reserves for interest payments associated with the Production Tax Credit Facility, IP Credit Facility and Backlog Facility. March 31, March 31, 2024 2023 (Amounts in millions) Cash and cash equivalents $ 277.0 $ 210.9 Restricted cash included in other current assets 43.7 27.5 Restricted cash included in other non-current 13.7 13.0 Total cash, cash equivalents and restricted cash $ 334.4 $ 251.4
Summary of the Receivables Transferred Under Individual Agreements or Purchases	The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Carrying value of receivables transferred and derecognized $ 512.3 $ 400.5 $ 285.0 Net cash proceeds received 491.9 383.0 278.3 Loss recorded related to transfers of receivables 20.4 17.5 6.7
Summary of the Receivables Transferred Under the Pooled Monetization Agreement	The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the years ended March 31, 2024, 2023 and 2022: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Gross cash proceeds received for receivables transferred and derecognized $ 22.2 $ 167.0 $ 155.5 Less amounts from collections reinvested under revolving agreement (9.1 ) (94.3 ) (102.7 ) Proceeds from new transfers 13.1 72.7 52.8 Collections not reinvested and remitted or to be remitted (13.4 ) (66.6 ) (46.8 ) Net cash proceeds received (paid or to be paid) (1) $ (0.3 ) $ 6.1 $ 6.0 Carrying value of receivables transferred and derecognized (2) $ 22.1 $ 164.8 $ 154.5 Obligations recorded $ 2.1 $ 5.9 $ 2.9 Loss recorded related to transfers of receivables $ 2.0 $ 3.7 $ 1.9 (1) During the year ended March 31, 2024, the Company voluntarily repurchased $46.0 million of receivables previously transferred. In addition, during the years ended March 31, 2023 and 2022, the Company repurchased $27.4 million and $25.5 million, respectively, of receivables previously transferred, as separately agreed upon with the third-party purchasers, in order to monetize such receivables under the individual monetization program discussed above without being subject to the collateral requirements under the pooled monetization program. (2) Receivables net of unamortized discounts on long-term, non-interest
Summary of Composition of the Company's Other Assets	The composition of the Company’s other assets is as follows as of March 31, 2024 and March 31, 2023: March 31, March 31, 2024 2023 (Amounts in millions) Other current assets Prepaid expenses and other (1) $ 34.8 $ 36.0 Restricted cash 43.7 27.5 Contract assets (2) 59.9 63.5 Interest rate swap assets 35.6 —  Tax credits receivable 199.1 129.5 $ 373.1 $ 256.5 Other non-current Prepaid expenses and other $ 18.3 $ 7.4 Restricted cash 13.7 13.0 Accounts receivable (3) 111.7 37.8 Contract assets (3) 3.2 5.1 Tax credits receivable 361.7 341.8 Operating lease right-of-use 344.3 116.8 Interest rate swap assets —  41.1 $ 852.9 $ 563.0 (1) Includes home entertainment product inventory which consists of Packaged Media and is stated at the lower of cost or market value (first-in, first-out (2) At March 31, 2024, the current portion of contract assets includes $14.9 million from the acquisition of eOne (see Note 2). (3) Unamortized discounts on long-term, non-interest
Summary of Changes in the Components of Accumulated Other Comprehensive Income Loss	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 Net unrealized gain 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).
Summary of Non Cash Investing Activities	The supplemental schedule of non-cash non-cash Year Ended March 31, 2024 2023 2022 (Amounts in millions) Non-cash Accrued equity method investment $ —  $ —  $ 19.0
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 45.1 $ 40.3 $ 44.9 Right-of-use Operating leases $ 172.1 $ 11.3 $ 51.1 Increase in right-of-use Operating leases—increase in right-of-use $ 103.6 $ 17.4 $ 30.9 Operating leases—increase in lease liability $ 103.6 $ 17.4 $ 30.9

Related Party Transactions (Tab

Related Party Transactions (Tables) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Related Party Transaction [Line Items]
Summary of Net Transfers to and from Lionsgate	Year Ended March 31, 2024 2023 2022 (Amounts in millions) Cash pooling and general financing activities $ (199.3 ) $ 36.1 $ (305.2 ) Licensing of content (1) 540.0 733.3 567.7 Corporate reimbursements 7.0 13.3 10.8 Corporate expense allocations (excluding allocation of share-based compensation) 27.9 22.3 19.3 Funding of purchases of accounts receivables held for collateral (85.5 ) (183.7 ) (172.9 ) Net transfers to (from) Parent per combined statements of cash flows $ 290.1 $ 621.3 $ 119.7 Share-based compensation (including allocation of share-based compensation) (62.5 ) (73.4 ) (70.2 ) Other non-cash 11.9 2.5 —  Net transfers to (from) Parent per combined statements of equity (deficit) $ 239.5 $ 550.4 $ 49.5 (1) Reflects the settlement of amounts due from the Starz Business related to the Company’s licensing arrangements with the Starz Business.
Summary of Company's Combined Balance Sheets and Statements of Operations	March 31, 2024 2023 (Amounts in Combined Balance Sheets Accounts receivable $ 8.1 $ 10.8 Investment in films and television programs (1) 2.2 7.9 Other assets, noncurrent (1) —  45.8 Total due from related parties $ 10.3 $ 64.5 Accounts payable (2) $ 16.8 $ 16.8 Other accrued liabilities (1) — 6.7 Participations and residuals, current 5.5 7.5 Participations and residuals, noncurrent 1.3 2.0 Deferred revenue, current 0.1 —  Other liabilities (1) —  41.4 Total due to related parties $ 23.7 $ 74.4 Year Ended March 31, 2024 2023 2022 (Amounts in millions) Combined Statements of Operations Revenues $ 3.0 $ 4.8 $ 3.0 Direct operating expense $ 5.0 $ 8.3 $ 6.5 Distribution and marketing expense $ 0.8 $ 0.4 $ 0.2 Interest and other income $ —  $ —  $ 3.0 (1) As of March 31, 2023, the Company had certain operating leases related to a studio facility owned by an equity-method investee which was sold during the year ended March 31, 2024. Amounts related to these leases as of March 31, 2023 are included in the table above in investment in films and television programs, other assets—noncurrent, other accrued liabilities and other liabilities. (2) Amounts primarily represent production related advances due to certain of its equity method investees.

Organization Consolidation And

Organization Consolidation And Presentation Of Financial Statements (Detail) - USD ($)				2 Months Ended	3 Months Ended	12 Months Ended
		Jan. 11, 2022	Jan. 10, 2022	Dec. 31, 2021	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Apr. 09, 2024
Organization And Plan Of Operation [Line Items]
Proceeds from initial public offer				$ 0		$ 0	$ 750,000,000
Proceeds from the issuance of warrants				0		0	17,600,000
Deferred underwriting commission non current.					$ 26,250,000	26,250,000
Payments to Acquire Restricted Investments			$ 750,000,000	$ 0		$ 0	$ 750,000,000
Per share value of restricted investments			$ 10
Term of restricted investments					185 days	185 days
Minimum percentage of net assets of the acquire					80%	80%
Temporary equity, redemption price per share					$ 10.72	$ 10.6	$ 10.09	$ 10.74
Minimum networth needed to consummate business combination						$ 5,000,001
Minimum percentage of public shares that can be transferred without restriction					20%	20%
Percentage of public shares to be redeemed in case business combination is not consummated					100%	100%
Time limit for the consummation of business combination two.						27 months
Date before which business combination shall be consummated two.					Jun. 15, 2024	Apr. 10, 2024
Number of days after the the cut off date within which public shareholders shall be redeemed in case business combination is not consummated					10 days	10 days
Liquidation basis of accounting, accrued costs to dispose of assets and liabilities					$ 100,000	$ 100,000
Cash					437,163	999,152	$ 117,696
Assets held-in-trust, noncurrent					804,228,813	794,750,266	759,712,942	$ 184,400,000
Working capital loans convertible into equity warrants						1,500,000
Maximum release permitted to be withdrawn					3,000,000	3,000,000
Working capital deficiency					25,342,177	20,949,357
Accrued legal expenses					5,983,947	3,576,713
Accounts payable accrued expenses current					6,458,295	3,695,499	338,004
Derivative liabilites current	[1]				19,399,127	18,253,010	$ 0
Temporary Equity, Aggregate Amount of Redemption Requirement								$ 620,800,000
Temporary Equity, Shares Authorized								57,824,777
Will not impact current assets [Member]
Organization And Plan Of Operation [Line Items]
Accounts payable accrued expenses current					6,458,295	3,695,499
PIPE with reduction right liability [Member] | Non cash item [Member]
Organization And Plan Of Operation [Line Items]
Derivative liabilites current					19,399,127	$ 18,253,010
Sponsor [Member]
Organization And Plan Of Operation [Line Items]
loan from Sponsor		$ 300,000
Working Capital Loans [Member]
Organization And Plan Of Operation [Line Items]
Debt instrument, convertible, conversion price						$ 1.5
Working capital deficiency					25,342,177
Working Capital Loans [Member] | Sponsor [Member]
Organization And Plan Of Operation [Line Items]
Working capital loans convertible into equity warrants					$ 1,500,000	$ 1,500,000
Debt instrument, convertible, conversion price					$ 1.5	$ 1.5
Maximum [Member]
Organization And Plan Of Operation [Line Items]
Per share to be maintained in the trust account					10	10
Minimum [Member]
Organization And Plan Of Operation [Line Items]
Per share to be maintained in the trust account					$ 10	$ 10
Private Placement Warrants [Member]
Organization And Plan Of Operation [Line Items]
Proceeds from the issuance of warrants					$ 17,600,000	$ 17,600,000
Common Class A [Member]
Organization And Plan Of Operation [Line Items]
Common Stock, Par or Stated Value Per Share					$ 0.0001	$ 0.0001	$ 0.0001
Temporary equity, redemption price per share					$ 10.72	$ 10.6
Founder Shares [Member]
Organization And Plan Of Operation [Line Items]
Stock Issued During Period, Value, Issued for Services		$ 25,000
IPO [Member]
Organization And Plan Of Operation [Line Items]
Proceeds from initial public offer			$ 750,000,000		$ 735,000,000	$ 735,000,000
IPO [Member] | Common Class A [Member]
Organization And Plan Of Operation [Line Items]
Stock issued during the period shares new issues			75,000,000
Common Stock, Par or Stated Value Per Share			$ 0.0001
Class of warrants or rights exercise price per warrant			11.5
Sale of stock issue price per share			$ 10
Transaction costs share issue					42,130,216	42,130,216
Underwriting fees					15,000,000	15,000,000
Other offering costs					880,216	880,216
Private Placement [Member] | Private Placement Warrants [Member]
Organization And Plan Of Operation [Line Items]
Class of warrants or rights issued during the period units			11,733,333
Class of warrants or rights issue price per unit			$ 1.5
Private Placement [Member] | Common Class A [Member] | Private Placement Warrants [Member]
Organization And Plan Of Operation [Line Items]
Class of warrants or rights exercise price per warrant			$ 11.5
Class of warrants or rights issued during the period units			11,733,333
Class of warrants or rights issue price per unit			$ 1.5
Proceeds from the issuance of warrants					$ 17,600,000	$ 17,600,000
[1]Equity linked contract that is classified as a liability given potential for variable share settlement at close of the Business Combination. PIPE reflects common equity in the pro forma, combined company post-close of the Business Combination with StudioCo (Note 10).

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Accounting Policies [Line Items]
Unrecognized tax benefits	$ 0	$ 0	$ 0			$ 0	$ 0
Accrued interest and penalties on unrecognized tax benefits	0	0	0			$ 0	$ 0
Cash insured with federal insurance corporation	250,000	250,000	$ 250,000
Cash equivalents	$ 0	$ 0
Common Class A [Member]
Accounting Policies [Line Items]
Class of warrants or rights number of securities covered by the warrants or rights	36,733,333	36,733,333	36,733,333
IPO [Member] | Common Class A [Member]
Accounting Policies [Line Items]
Transaction costs share issue	$ 42,130,216		$ 42,130,216
Offering costs charged to temporary equity	42,110,034		42,110,034
Offering costs expensed	20,182		$ 20,182
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Accounting Policies [Line Items]
Debt instrument, maturity date		Apr. 15, 2029
Restricted cash	$ 57,400,000	$ 57,400,000		$ 40,500,000
Interest costs capitalized		$ 21,000,000		28,100,000	$ 12,800,000
Lessor, operating lease, term of contract	12 months	12 months
Finite-lived intangible asset, useful life	5 years	5 years
Advertising Expense		$ 347,800,000		203,400,000	201,600,000
Unrecognized tax benefits	$ 5,300,000	$ 5,300,000		$ 300,000	$ 1,000,000			$ 600,000
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Equity Method Investments Investee [Member]
Accounting Policies [Line Items]
Equity method investment, ownership percentage	20%	20%
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Minimum [Member]
Accounting Policies [Line Items]
Variable interest entity, qualitative or quantitative information, ownership percentage		20%
Finite-lived intangible asset, useful life	5 years	5 years
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Minimum [Member] | Equity Method Investments Investee [Member]
Accounting Policies [Line Items]
Equity method investment, ownership percentage	20%	20%
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Maximum [Member]
Accounting Policies [Line Items]
Finite-lived intangible asset, useful life	15 years	15 years
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Maximum [Member] | Equity Method Investments Investee [Member]
Accounting Policies [Line Items]
Equity method investment, ownership percentage	50%	50%
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Lionsgate [Member]
Accounting Policies [Line Items]
Debt instrument, interest rate, stated percentage	5.50%	5.50%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Reconciliation of Proceeds from Temporary Equity to Outstanding Value (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Proceeds from Temporary Equity to Outstanding Value [Line Items]
Gross proceeds		$ 750,000,000
Fair value of Public Warrants at issuance		(36,750,000)
Class A Ordinary Share issuance costs		(42,110,034)
Accretion of carrying value to redemption value	$ (7,846,453)	123,510,300
Class A Ordinary Shares subject to possible redemption	804,128,813	794,650,266	$ 756,862,942
Waiver of offering costs allocated to Class A Ordinary Share subject to possible redemption	$ 17,325,000
Previously Reported [Member]
Reconciliation of Proceeds from Temporary Equity to Outstanding Value [Line Items]
Gross proceeds			750,000,000
Fair value of Public Warrants at issuance			(36,750,000)
Class A Ordinary Share issuance costs			(42,110,034)
Accretion of carrying value to redemption value		37,787,324	85,722,976
Class A Ordinary Shares subject to possible redemption		$ 794,650,266	$ 756,862,942

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Earnings Per Share, Basic and Diluted (Detail) - USD ($)	2 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Numerator:
Allocation of net income	$ (5,000)	$ 5,162,251	$ 8,008,646	$ 16,700,633	$ 22,511,785
Common Class A [Member]
Numerator:
Allocation of net income		$ 4,129,801	$ 6,406,917	$ 13,360,506	$ 17,918,827
Denominator:
Basic weighted average shares outstanding		75,000,000	75,000,000	75,000,000	73,150,685
Diluted weighted average shares outstanding		75,000,000	75,000,000	75,000,000	73,150,685
Basic net income per ordinary shares	$ 0	$ 0.06	$ 0.09	$ 0.18	$ 0.24
Diluted net income per ordinary shares	$ 0	$ 0.06	$ 0.09	$ 0.18	$ 0.24
Common Class B [Member]
Numerator:
Allocation of net income	$ (5,000)	$ 1,032,450	$ 1,601,729	$ 3,340,127	$ 4,592,958
Denominator:
Basic weighted average shares outstanding	18,750,000	18,750,000	18,750,000	18,750,000	18,750,000
Diluted weighted average shares outstanding	18,750,000	18,750,000	18,750,000	18,750,000	18,750,000
Basic net income per ordinary shares	$ 0	$ 0.06	$ 0.09	$ 0.18	$ 0.24
Diluted net income per ordinary shares	$ 0	$ 0.06	$ 0.09	$ 0.18	$ 0.24

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Property and Equipment is Carried at Cost Less Accumulated Depreciation (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024
Computer Equipment [Member] | Maximum [Member]
Schedule Of Depreciation On A Straight Line Basis Over The Following Useful Lives [Line Items]
Depreciation term	5
Computer Equipment [Member] | Minimum [Member]
Schedule Of Depreciation On A Straight Line Basis Over The Following Useful Lives [Line Items]
Depreciation term	3
Furniture and Fixtures [Member] | Maximum [Member]
Schedule Of Depreciation On A Straight Line Basis Over The Following Useful Lives [Line Items]
Depreciation term	5
Furniture and Fixtures [Member] | Minimum [Member]
Schedule Of Depreciation On A Straight Line Basis Over The Following Useful Lives [Line Items]
Depreciation term	3

Acquisition - Addtional Informa

Acquisition - Addtional Information (Detail) - USD ($) $ in Millions				12 Months Ended
	Dec. 27, 2023	Jun. 26, 2023	Jul. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
E One [Member]
Asset Acquisition [Line Items]
Loss before income taxes				$ 113.8
Revenue				4.9
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Asset Acquisition [Line Items]
Purchase of feature film titles					200
Film cost					$ 191.4
Film, monetized in film group, amortization expense		$ 10	$ 10	1,347.8	1,649.3	$ 1,497.5	$ 171.4
Aggregate cash price	$ 385.1
Acquisition related costs				$ 9.4
Finite-lived intangible asset, useful life				5 years
Loss before income taxes				$ (72.7)	5.4	11.2
Revenue				$ 2,986.4	$ 3,083.8	$ 2,716.3
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Minimum [Member]
Asset Acquisition [Line Items]
Estimated useful life				5 years
Finite-lived intangible asset, useful life				5 years
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Maximum [Member]
Asset Acquisition [Line Items]
Estimated useful life				10 years
Finite-lived intangible asset, useful life				15 years

Acquisition - Schedule of Busin

Acquisition - Schedule of Business Acquisitions (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Business Acquisition [Line Items]
Goodwill	$ 811.2	$ 795.6
eOne Acquisition [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	54.1
Accounts receivable	298.8
Investment in films and television programs	371.8
Property and equipment	14
Intangible assets	4
Other assets	168.2
Accounts payable and accrued liabilities	(67.8)
Content related payable	(35.4)
Participations and residuals	(201.9)
Film related obligations	(105.8)
Other liabilities and deferred revenue	(130.5)
Preliminary fair value of net assets acquired	369.5
Goodwill	15.6
Preliminary purchase price consideration	$ 385.1

Acquisition - Schedule of Bus_2

Acquisition - Schedule of Business Acquisition Pro Forma Information (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Business Acquisition [Line Items]
Revenues	$ 3,380	$ 3,911.6
Net income (loss) attributable Parent	$ (376.5)	$ 63.4

Investment in Films and Telev_3

Investment in Films and Television Programs - Summary of Company's Investments in Films and Television Programs (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Schedule of Investments [Line Items]
Investment in films and television programs, net	$ 1,929	$ 1,786.7
Released, net of accumulated amortization [Member]
Schedule of Investments [Line Items]
Investment in films and television programs, net	992.2	779.9
Completed and not released [Member]
Schedule of Investments [Line Items]
Investment in films and television programs, net	225.4	289.8
In progress [Member]
Schedule of Investments [Line Items]
Investment in films and television programs, net	644.4	649.1
In development [Member]
Schedule of Investments [Line Items]
Investment in films and television programs, net	$ 67	$ 67.9

Investment in Films and Telev_4

Investment in Films and Television Programs - Summary of Company's Investments in Films and Television Programs (Parenthetical) (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Investments [Line Items]
Unamortized Film Cost	$ 532.5
Production Tax Credits Reduced Total Investment In Films And Television Programs	112.2	$ 181.2
Film, Monetized on Its Own, Amortization Expense	$ 70.6	$ 84.3

Investment in Films and Telev_5

Investment in Films and Television Programs - Summary of direct operating expense on the combined statements of operations (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Impairment In Investment In Films And Television Programs [Line Items]
Motion Picture	$ 34.6	$ 6.2	$ 1.2
Television Production	8.4	4.6	34.9
Impairments Not Included In Segment Operating Results	12.8	0	0
Impairment Cost	$ 55.8	$ 10.8	$ 36.1

Investment in Films and Telev_6

Investment in Films and Television Programs - Summary of Company's investment in film and television programs (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2027	Mar. 31, 2026	Mar. 31, 2025
Released [Member]
Schedule Of Estimated Future Amortization Expense Of The Company In Film And Television Programs [Line Items]
Estimated future amortization expense	$ 147.5	$ 189.5	$ 391.2
Completed And Not Released [Member]
Schedule Of Estimated Future Amortization Expense Of The Company In Film And Television Programs [Line Items]
Estimated future amortization expense			$ 139.6

Investment in Films and Telev_7

Investment in Films and Television Programs - Additional Information (Detail) - USD ($) $ in Millions			12 Months Ended
	Jun. 26, 2023	Jul. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2023
Schedule of Investments [Line Items]
Operating Cycle							12 years 9 months 18 days
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Schedule of Investments [Line Items]
Unamortized Film and Television Libraries Cost			$ 223.1	$ 132.8
Film, monetized in film group, amortization expense	$ 10	$ 10	$ 1,347.8	$ 1,649.3	$ 1,497.5	$ 171.4

Initial Public Offering - Addit

Initial Public Offering - Additional Information (Detail) - IPO [Member] - Common Class A [Member]	Jan. 10, 2022 $ / shares shares
Initial Public Offer [Line Items]
Stock issued during the period shares new issues | shares	75,000,000
Sale of stock issue price per share	$ 10
Class of warrants or rights exercise price per warrant	11.5
Public Warrants [Member]
Initial Public Offer [Line Items]
Class of warrants or rights exercise price per warrant	$ 11.5

Private Placement - Additional

Private Placement - Additional Information (Detail) - USD ($)		2 Months Ended	3 Months Ended	12 Months Ended
	Jan. 10, 2022	Dec. 31, 2021	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Private Placement [Line Items]
Proceeds from the issuance of warrants		$ 0		$ 0	$ 17,600,000
Private Placement Warrants [Member]
Private Placement [Line Items]
Proceeds from the issuance of warrants			$ 17,600,000	17,600,000
Private Placement [Member] | Private Placement Warrants [Member]
Private Placement [Line Items]
Class of warrants or rights issued during the period units	11,733,333
Class of warrants or rights issue price per unit	$ 1.5
Private Placement [Member] | Private Placement Warrants [Member] | Common Class A [Member]
Private Placement [Line Items]
Class of warrants or rights issued during the period units	11,733,333
Class of warrants or rights issue price per unit	$ 1.5
Class of warrants or rights exercise price per share	$ 11.5
Proceeds from the issuance of warrants			$ 17,600,000	$ 17,600,000

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 136.7	$ 114.3
Less accumulated depreciation and amortization	(100.6)	(91.7)
Property, Plant and Equipment, Other, Gross	36.1	22.6
Property, Plant and Equipment, Net	37.3	23.8
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	34.4	27.6
Property and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	18.1	15.2
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	84.2	71.5
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1.2	$ 1.2

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Property, Plant and Equipment [Line Items]
Depreciation	$ 10.3	$ 12.2	$ 12.4

Investments - Summary of Compan

Investments - Summary of Company's Investments (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Investments in equity method investees	$ 68.4	$ 63.1
Other investments	6.4	1.6
Investments	$ 74.8	$ 64.7

Investments - Additional Inform

Investments - Additional Information (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions		12 Months Ended
	Oct. 17, 2022	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Mar. 31, 2022
Income (loss) from equity method investments	$ 43.4	$ 8.7	$ 0.5	$ 0.5	$ (3)
STARZPLAY Arabia [Member]
Equity method investment, amount sold	$ 43.4
Minimum [Member] | Equity Method Investment [Member]
Equity method investment, ownership percentage		6%
Maximum [Member] | Equity Method Investment [Member]
Equity method investment, ownership percentage		49%

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Summary of Goodwill (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] $ in Millions	12 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill	$ 795.6
Acquisition of eOne	5.8
Measurement period adjustments	9.8
Goodwill	811.2
Motion Picture [Member]
Goodwill	393.7
Acquisition of eOne	1
Measurement period adjustments	3.9
Goodwill	398.6
Television Production [Member]
Goodwill	401.9
Acquisition of eOne	4.8
Measurement period adjustments	5.9
Goodwill	$ 412.6

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Goodwill (Parenthetical) (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] $ in Millions	12 Months Ended
	Mar. 31, 2024 USD ($)
Measurement period adjustments	$ 9.8
Accounts Receivable [Member]
Measurement period adjustments	11.4
Other Assets [Member]
Measurement period adjustments	12.4
Investment in Films and Television Programs [Member]
Measurement period adjustments	4
Content Related Payables [Member]
Measurement period adjustments	1.9
Accrued Liabilities [Member]
Measurement period adjustments	3.8
Participations And Residuals [Member]
Measurement period adjustments	1.9
Deferred Revenue [Member]
Measurement period adjustments	$ 2.4

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Summary of Intangible Assets (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Gross Carrying Amount	$ 62.5	$ 58.5
Accumulated Amortization	36.8	31.6
Net Carrying Amount	25.7	26.9
Customer Relationships [Member]
Gross Carrying Amount	23.9	31
Accumulated Amortization	21.7	10
Net Carrying Amount	2.2	21
Trademarks and Trade Names [Member]
Gross Carrying Amount	7.6	3.6
Accumulated Amortization	3	2.6
Net Carrying Amount	4.6	1
Other [Member]
Gross Carrying Amount	31	23.9
Accumulated Amortization	12.1	19
Net Carrying Amount	$ 18.9	$ 4.9

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2029	Mar. 31, 2028	Mar. 31, 2027	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Amortization of intangible assets	$ 2.1	$ 2.2	$ 2.2	$ 2.5	$ 4.2	$ 5.3	$ 5.7	$ 5.7

Debt - Summary of Total Debt (D

Debt - Summary of Total Debt (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
Total corporate debt	$ 1,793.5	$ 1,259.9
Unamortized debt issuance costs	(10.2)	(16.3)
Total debt, net	1,783.3	1,243.6
Less current portion	(860.3)	(41.4)
Non-current portion of debt	923	1,202.2
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total corporate debt	575	0
Term Loan A [Member]
Debt Instrument [Line Items]
Total corporate debt	399.3	428.2
Term Loan B [Member]
Debt Instrument [Line Items]
Total corporate debt	$ 819.2	$ 831.7

Debt - Summary of Future Annual

Debt - Summary of Future Annual Contractual Principal Payment Commitments of Debt (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
2025	$ 860.3
2026	44.5
2027	888.7
2028	0
2029	0
Thereafter	0
Total	1,793.5	$ 1,259.9
Less aggregate unamortized debt issuance costs	(10.2)
Total debt, net	$ 1,783.3	1,243.6
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity Date	2026-04
2025	$ 0
2026	0
2027	575
2028	0
2029	0
Thereafter	0
Total	$ 575	0
Term Loan A [Member]
Debt Instrument [Line Items]
Maturity Date	2026-04
2025	$ 41.1
2026	44.5
2027	313.7
2028	0
2029	0
Thereafter	0
Total	$ 399.3	428.2
Term Loan B [Member]
Debt Instrument [Line Items]
Maturity Date	2025-03
2025	$ 819.2
2026	0
2027	0
2028	0
2029	0
Thereafter	0
Total	$ 819.2	$ 831.7

Debt - Additional Information (

Debt - Additional Information (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions				1 Months Ended	12 Months Ended
	Mar. 31, 2024	Jun. 14, 2023	Sep. 30, 2022	Apr. 30, 2022	Mar. 31, 2024	Mar. 31, 2022	Mar. 31, 2023	Apr. 07, 2021	Apr. 06, 2021
Debt Instrument [Line Items]
Minimum percentage in the difference between the present value of cash flows after the amendment and before the amendment									10%
Debt instrument, maturity date					Apr. 15, 2029
Revolving Credit Facility Including Letter of Credit [Member]
Debt Instrument [Line Items]
Letters of credit	$ 0				$ 0
Revolving Credit Facility Including Letter of Credit [Member] | Alternative Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate spread	0.75%
Revolving Credit Facility Including Letter of Credit [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate spread		0.10%
Long term debt interest rate margin percentage		1.75%
Long term debt floor interest rate percentage		0%
Potential increase in margin percentage one		25%
Potential increase in margin percentage two		25%
Potential increase in margin percentage total		50%
Long term debt effective interest rate percentage	7.17%				7.17%
Term Loan A [Member]
Debt Instrument [Line Items]
Repayment of long term debt				$ 193.6
Term Loan A [Member] | Credit Agreement Amendment [Member]
Debt Instrument [Line Items]
Debt instrument face value								$ 215.1	$ 444.9
Term Loan A [Member] | Beginning September 30, 2022 [Member]
Debt Instrument [Line Items]
Long term debt principal repayment percentage			1.25%
Term Loan A [Member] | Beginning September 30, 2023 [Member]
Debt Instrument [Line Items]
Long term debt principal repayment percentage			1.75%
Term Loan A [Member] | Beginning September 30, 2024 through March 31, 2026 [Member]
Debt Instrument [Line Items]
Long term debt principal repayment percentage			2.50%
Term Loan A [Member] | Alternative Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate spread	0.75%
Term Loan A [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate spread		0.10%
Long term debt interest rate margin percentage		1.75%
Long term debt floor interest rate percentage		0%
Potential increase in margin percentage one		25%
Potential increase in margin percentage two		25%
Potential increase in margin percentage total		50%
Long term debt effective interest rate percentage	7.17%				7.17%
Term Loan B [Member]
Debt Instrument [Line Items]
Long term debt principal repayment percentage			0.25%
Repayment of long term debt						$ 95.3
Debt instrument principal amount of debt repurchased						$ 96
Term Loan B [Member] | Alternative Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate spread	1.25%
Term Loan B [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate spread		0.10%
Long term debt interest rate margin percentage		2.25%
Long term debt effective interest rate percentage	7.67%				7.67%
Revolving Line of Credit Term Loan A and Term Loan B [Member]
Debt Instrument [Line Items]
Percentage of ownership change beyond which event of default could be triggered		50%
Revolving Credit Facility [Member] | Credit Agreement Amendment [Member]
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity								$ 250	$ 1,250
Lions Gate Senior Notes [Member]
Debt Instrument [Line Items]
Senior notes outstanding	$ 715				$ 715		$ 800
Revolving Credit Facility And Non Payment Term Loan [Member]
Debt Instrument [Line Items]
Non repayment of long term debt					$ 250
Revolving Credit Facility And Term Loan A [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date					Apr. 06, 2026
Term Loan B [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date					Mar. 24, 2025
Revolving Credit Facility Including Letter of Credit [Member]
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity	1,250				$ 1,250
Available revolving credit facility	$ 675				$ 675
Revolving Credit Facility Including Letter of Credit [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility commitment fee percentage					0.25%
Revolving Credit Facility Including Letter of Credit [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility commitment fee percentage					0.375%

Debt - Summary of Loss on Extin

Debt - Summary of Loss on Extinguishment of Debt (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Mar. 31, 2022
Extinguishment of Debt [Line Items]
Loss on Extinguishment of Debt		$ (1.3)	$ (1.3)	$ (1.3)	$ (3.4)
Production Loan Prepayment [Member]
Extinguishment of Debt [Line Items]
Loss on Extinguishment of Debt		(1.3)		0	0
Term Loan A [Member]
Extinguishment of Debt [Line Items]
Loss on Extinguishment of Debt		0		(1.3)	0
Revolving Credit Facility And Term Loan A [Member]
Extinguishment of Debt [Line Items]
Loss on Extinguishment of Debt	[1]	0		0	(1.7)
Revolving Credit Facility [Member]
Extinguishment of Debt [Line Items]
Loss on Extinguishment of Debt		0		0	(1.1)
Term Loan B [Member]
Extinguishment of Debt [Line Items]
Loss on Extinguishment of Debt		$ 0		$ 0	$ (0.6)
[1]See Accounting for the Credit Agreement Amendment section below.

Debt - Summary of Accounting fo

Debt - Summary of Accounting for the Credit Agreement Amendment (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - Revolving Credit Facility And Term Loan A [Member] $ in Millions	12 Months Ended
	Mar. 31, 2022 USD ($)
Disclosure In Tabular Form Of Credit Agreement [Line Items]
Loss on Extinguishment of Debt	$ 1.7
Recorded as a Reduction of Outstanding Debt Balances & Amortized Over Life of New Issuances	24
Total	25.7
New Debt Issuance Costs and Call Premiums [Member]
Disclosure In Tabular Form Of Credit Agreement [Line Items]
Loss on Extinguishment of Debt	0.6
Recorded as a Reduction of Outstanding Debt Balances & Amortized Over Life of New Issuances	5.6
Total	6.2
Previously Incurred Debt Issuance Costs [Member]
Disclosure In Tabular Form Of Credit Agreement [Line Items]
Loss on Extinguishment of Debt	1.1
Recorded as a Reduction of Outstanding Debt Balances & Amortized Over Life of New Issuances	18.4
Total	$ 19.5

Film Related Obligations - Summ

Film Related Obligations - Summary of Disclosure In Entirety Of Film Related Obligations (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film related obligations	$ 1,793.5	$ 1,259.9
Less unamortized issuance costs	(10.2)
Total debt, net	1,783.3	1,243.6
Less current portion	(860.3)	(41.4)
Non-current portion of debt	923	1,202.2
Film Related Obligations [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film related obligations	1,949.4	1,951.5
Less unamortized issuance costs	(11.4)	(11.4)
Total debt, net	1,938	1,940.1
Less current portion	(1,393.1)	(923.7)
Non-current portion of debt	544.9	1,016.4
Film Related Obligations [Member] | Production Loans [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film related obligations	1,292.2	1,349.9
Film Related Obligations [Member] | Production Tax Credit Facility [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film related obligations	260	231.8
Film Related Obligations [Member] | Back Log Facility And Other [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film related obligations	287.3	226
Film Related Obligations [Member] | IP Credit Facility [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film related obligations	$ 109.9	$ 143.8

Film Related Obligations - Su_2

Film Related Obligations - Summary of Forth Future Annual Repayment (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
2025	$ 860.3
2026	44.5
2027	888.7
2028	0
2029	0
Total	1,793.5	$ 1,259.9
Less unamortized issuance costs	(10.2)
Long-term debt	1,783.3	1,243.6
Film Related Obligations [Member]
Debt Instrument [Line Items]
2025	1,393.1
2026	393.1
2027	18.8
2028	144.4
2029	0
Thereafter	0
Total	1,949.4	1,951.5
Less unamortized issuance costs	(11.4)	(11.4)
Long-term debt	1,938	1,940.1
Film Related Obligations [Member] | Production Loans [Member]
Debt Instrument [Line Items]
2025	973.3
2026	318.9
2027	0
2028	0
2029	0
Thereafter	0
Total	1,292.2	1,349.9
Film Related Obligations [Member] | Production Tax Credit Facility [Member]
Debt Instrument [Line Items]
2025	260
2026	0
2027	0
2028	0
2029	0
Thereafter	0
Total	260	231.8
Film Related Obligations [Member] | Back Log Facility And Other [Member]
Debt Instrument [Line Items]
2025	118.8
2026	24.1
2027	0
2028	144.4
2029	0
Thereafter	0
Total	287.3	226
Film Related Obligations [Member] | IP Credit Facility [Member]
Debt Instrument [Line Items]
2025	41
2026	50.1
2027	18.8
2028	0
2029	0
Thereafter	0
Total	$ 109.9	$ 143.8

Film Related Obligations - Su_3

Film Related Obligations - Summary of IP Credit Facility Subject To Cumulative Minimum Guaranteed Payment (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - Film Related Obligations [Member] - IP Credit Facility [Member] $ in Millions	Sep. 29, 2022 USD ($)
September 30, 2023 [Member]
Disclosure In Tabular Form Of Minimum Guaranteed Payments IP Credit Facility [Line Items]
Cumulative Minimum Guaranteed Payment Amounts	$ 30.4
Payment Due Date	Nov. 14, 2023
September 30, 2024 [Member]
Disclosure In Tabular Form Of Minimum Guaranteed Payments IP Credit Facility [Line Items]
Cumulative Minimum Guaranteed Payment Amounts	$ 60.7
Payment Due Date	Nov. 14, 2024
September 30, 2025 [Member]
Disclosure In Tabular Form Of Minimum Guaranteed Payments IP Credit Facility [Line Items]
Cumulative Minimum Guaranteed Payment Amounts	$ 91.1
Payment Due Date	Nov. 14, 2025
September 30, 2026 [Member]
Disclosure In Tabular Form Of Minimum Guaranteed Payments IP Credit Facility [Line Items]
Cumulative Minimum Guaranteed Payment Amounts	$ 121.4
Payment Due Date	Nov. 14, 2026
July 30, 2027 [Member]
Disclosure In Tabular Form Of Minimum Guaranteed Payments IP Credit Facility [Line Items]
Cumulative Minimum Guaranteed Payment Amounts	$ 161.9
Payment Due Date	Jul. 30, 2027

Film Related Obligations - Addi

Film Related Obligations - Additional Information (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions		12 Months Ended	19 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2023	Aug. 30, 2022
Disclosure In Entirety Of Film Related Obligations [Line Items]
Long term debt gross	$ 1,793.5	$ 1,793.5	$ 1,793.5	$ 1,259.9
Line of credit facility moratorium period			90 days
Other Loans [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Line of credit facility outstanding	112.3	112.3	$ 112.3
Debt instrument, collateral amount	84.5	84.5	84.5
Contracted receivables	47.8	47.8	47.8
Other Loans [Member] | July 2025 [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Line of credit facility outstanding	24.1	24.1	24.1
Other Loans [Member] | April 2027 [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Line of credit facility outstanding	88.2	$ 88.2	88.2
Other Loans [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Debt instrument variable interest rate spread		6.89%
Film Related Obligations [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Long term debt gross	$ 1,949.4	$ 1,949.4	$ 1,949.4	1,951.5
Film Related Obligations [Member] | Production Loans [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Long term debt weighted average interest rate	6.96%	6.96%	6.96%
Long term debt gross	$ 1,292.2	$ 1,292.2	$ 1,292.2	1,349.9
Film Related Obligations [Member] | Production Loans [Member] | Secured Portion [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Long term debt gross	1,028.9	1,028.9	1,028.9
Film Related Obligations [Member] | Production Loans [Member] | Unsecured Portion [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Long term debt gross	263.3	263.3	263.3
Film Related Obligations [Member] | Production Tax Credit Facility [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Long term debt gross	260	260	260	231.8
Line of credit maximum borrowing capacity	$ 260	$ 260	$ 260
Debt instrument effective interest rate percentage	6.92%	6.92%	6.92%
Line of credit current Borrowing capacity	$ 0	$ 0	$ 0
Line of credit facility expiration date	Jan. 27, 2025
Tax credit receivable	$ 341.4	341.4	341.4
Film Related Obligations [Member] | Production Tax Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Debt instrument variable interest rate spread	0.10%
Film Related Obligations [Member] | Production Tax Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Debt instrument variable interest rate spread	0.25%
Film Related Obligations [Member] | Production Tax Credit Facility [Member] | Base Rate [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Debt instrument variable interest rate spread	0.50%
Debt instrument additional margin percentage	1.50%
Film Related Obligations [Member] | IP Credit Facility [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Long term debt gross	$ 109.9	109.9	109.9	143.8
Line of credit maximum borrowing capacity	$ 161.9	$ 161.9	$ 161.9
Line of credit facility expiration date	Jul. 30, 2027
Film Related Obligations [Member] | IP Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Debt instrument additional margin percentage	2.25%
Long Term Debt Floor Interest Rate Percentage	0.25%	0.25%	0.25%
Film Related Obligations [Member] | IP Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Debt instrument variable interest rate spread	0.11%
Film Related Obligations [Member] | IP Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Debt instrument variable interest rate spread	0.26%
Film Related Obligations [Member] | IP Credit Facility [Member] | Base Rate [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Debt instrument variable interest rate spread	1.25%
Film Related Obligations [Member] | Back Log Facility And Other [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Long term debt gross	$ 287.3	$ 287.3	$ 287.3	226
Line of credit maximum borrowing capacity				175
Line of credit facility expiration date			May 16, 2025
Line of credit expiration period			2 years
Line of credit facility outstanding				$ 175
Film Related Obligations [Member] | Back Log Facility And Other [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Debt instrument additional margin percentage			1.15%
Debt instrument effective interest rate percentage					6.57%
Debt instrument potential additional margin percentage one			1.25%
Debt instrument potential additional margin percentage two			1.50%
Film Related Obligations [Member] | Back Log Facility And Other [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Debt instrument variable interest rate spread			0.10%
Film Related Obligations [Member] | Back Log Facility And Other [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member]
Disclosure In Entirety Of Film Related Obligations [Line Items]
Debt instrument variable interest rate spread			0.25%

Trust Account - Additional Info

Trust Account - Additional Information (Detail) - USD ($)		2 Months Ended	3 Months Ended	12 Months Ended
	Jan. 10, 2022	Dec. 31, 2021	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
United States Treasury Bills [Line Items]
Proceeds from Issuance or Sale of Equity			$ 750,000,000	$ 750,000,000
Proceeds from Issuance Initial Public Offering		$ 0		0	$ 750,000,000
Cash			804,228,813	794,750,266	441,037
Fair value, measurement with unobservable inputs reconciliation, recurring basis, liability, transfers, net			0	0
IPO [Member]
United States Treasury Bills [Line Items]
Proceeds from Issuance Initial Public Offering	$ 750,000,000		735,000,000	735,000,000
Private Placement [Member]
United States Treasury Bills [Line Items]
Proceeds from Issuance of Private Placement			15,000,000	15,000,000
US Treasury Bills [Member]
United States Treasury Bills [Line Items]
Debt securities, held-to-maturity			$ 804,228,813	$ 794,750,266	$ 759,271,905

Trust Account - Summary of Avai

Trust Account - Summary of Available-for-sale Securities Reconciliation (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Trust Account [Line Items]
Quoted Prices in Active Markets (Level 1)	$ 794,750,266	$ 441,037

Trust Account - Summary of Excl

Trust Account - Summary of Excluding Gross Unrealized Holding Gain (Detail) - Fair Value, Inputs, Level 1 [Member] - U.S. Government Treasury Securities [Member]	Dec. 31, 2022 USD ($)	[1]
Trust Account [Line Items]
Amortized Cost	$ 759,271,905
Gross Holding Gain	161,421
Quoted Prices in Active Markets (Level 1)	$ 759,433,326
[1]Maturity date March 23, 2023.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Mar. 31, 2022	Jan. 03, 2024
Commitments and Contingencies [Line Items]
Deferred underwriting commission per unit, shares	$ 0.35		$ 0.35
Deferred underwriting commissions noncurrent	$ 26,250,000	$ 26,250,000	$ 26,250,000
Deferred underwriting fee						$ 26,250,000
Deferred underwriting fee waivable						26,250,000
Temporary equity offering cost	$ 17,325,000
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Commitments and Contingencies [Line Items]
Redeemable Non controlling Interest		$ 123,300,000
Multiemployer Plan, Employee Increase (Decrease), Percentage		80%
Percentage Of Motion Picture Industry Pension Plan		71.20%
Percentage Of Screen Actors Guild Producers Pension Plan		79.06%
Multiemployer Plan, Pension, Significant, Employer Contribution, Cost		$ 58,000,000		$ 87,000,000	$ 90,400,000
Litigation Settlement, Amount Awarded from Other Party					$ 22,700,000
Subsequent Event [Member]
Commitments and Contingencies [Line Items]
Deferred fee payable						26,250,000
Deferred underwriting fee						$ 26,250,000
Over-Allotment Option [Member]
Commitments and Contingencies [Line Items]
Over allotment option period	45 days		45 days
Stock issued during period shares	11,250,000		11,250,000

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of annual repayment of contractual commitments (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] $ in Millions	Mar. 31, 2024 USD ($)
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
2025	$ 446.2	[1]
2026	142.4	[1]
2027	69.4	[1]
2028	43.3	[1]
2029	32.4	[1]
Thereafter	178.3	[1]
Total	912	[1]
Film Related Obligations Commitments [Member]
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
2025	221.4	[2]
2026	45.6	[2]
2027	11.8	[2]
2028	4.5	[2]
2029	0	[2]
Thereafter	0	[2]
Total	283.3	[2]
Interest Payments [Member]
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
2025	126.3	[3]
2026	39.5	[3]
2027	9.9	[3]
2028	3.1	[3]
2029	0	[3]
Thereafter	0	[3]
Total	178.8	[3]
Other Contractual Obligations [Member]
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
2025	98.5
2026	57.3
2027	47.7
2028	35.7
2029	32.4
Thereafter	178.3
Total	$ 449.9
[1]Not included in the amounts above are $123.3 million of redeemable noncontrolling interest, as future amounts and timing are subject to a number of uncertainties such that the Company is unable to make sufficiently reliable estimations of future payments (see Note 11).[2]Film related obligations commitments are not reflected on the combined balance sheets as they did not then meet the criteria for recognition and include the following items: (i) Distribution and marketing commitments represent contractual commitments for future expenditures associated with distribution and marketing of films which the Company will distribute. The payment dates of these amounts are primarily based on the anticipated release date of the film. (ii) Minimum guarantee commitments represent contractual commitments related to the purchase of film rights for pictures to be delivered in the future. (iii) Production loan commitments represent amounts committed for future film production and development to be funded through production financing and recorded as a production loan liability when incurred. Future payments under these commitments are based on anticipated delivery or release dates of the related film or contractual due dates of the commitment. The amounts include estimated future interest payments associated with the commitment.[3]Includes cash interest payments on the Company’s Senior Credit Facilities and film related obligations, based on the applicable SOFR interest rates at March 31, 2024, net of payments and receipts from the Company’s interest rate swaps, and excluding the interest payments on the revolving credit facility as future amounts are not fixed or determinable due to fluctuating balances and interest rates.

Shareholders' Deficit - Additio

Shareholders' Deficit - Additional Information (Detail) - USD ($)				3 Months Ended	12 Months Ended
	Feb. 19, 2022	Dec. 13, 2021	Nov. 05, 2021	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Shareholders Deficit [Line Items]
Preferred Stock, Shares Authorized				1,000,000	1,000,000		1,000,000
Preferred Stock, Par or Stated Value Per Share				$ 0.0001	$ 0.0001		$ 0.0001
Preferred Stock, Shares Issued				0	0		0	0
Preferred Stock, Shares Outstanding				0	0		0	0
Temporary Equity, Shares Outstanding				75,000,000	75,000,000		75,000,000
Founder Shares [Member]
Shareholders Deficit [Line Items]
Stock Conversion Basis				one vote	one vote
Stockholders' Equity Note, Stock Split		one and one-quarter
Founder Shares [Member] | Sponsor [Member]
Shareholders Deficit [Line Items]
Common Stock, Shares, Outstanding	18,750,000
Common Class A [Member]
Shareholders Deficit [Line Items]
Common Stock, Shares Authorized				400,000,000	400,000,000		400,000,000
Common Stock, Par or Stated Value Per Share				$ 0.0001	$ 0.0001		$ 0.0001
Stock Conversion Basis				one vote	one vote
Temporary Equity, Shares Outstanding				75,000,000	75,000,000		75,000,000
Temporary Equity, Shares Issued				75,000,000	75,000,000	75,000,000	75,000,000
Percentage of ownership held by initial shareholders	20%
Common Stock, Shares, Issued				0	0		0	0
Common Stock, Shares, Outstanding				0	0		0	0
Common Class B [Member]
Shareholders Deficit [Line Items]
Common Stock, Shares Authorized				80,000,000	80,000,000		80,000,000
Common Stock, Par or Stated Value Per Share				$ 0.0001	$ 0.0001		$ 0.0001
Percentage of ownership held by initial shareholders		20%
Shares Issued, Shares, Share-based Payment Arrangement, Forfeited	2,812,500	2,812,500	2,812,500
Common Stock, Shares, Issued		4,312,500	17,250,000	18,750,000	18,750,000		18,750,000
Common Stock, Shares, Outstanding	18,750,000		17,250,000	18,750,000	18,750,000		18,750,000
Offering and formation cost			$ 25,000
Common Class B [Member] | Founder Shares [Member]
Shareholders Deficit [Line Items]
Common Stock, Shares Authorized				80,000,000	80,000,000
Common Stock, Par or Stated Value Per Share				$ 0.0001	$ 0.0001
Shares Issued, Shares, Share-based Payment Arrangement, Forfeited		21,562,500
Common Stock, Shares, Outstanding		21,562,500

Warrants - Additional Informati

Warrants - Additional Information (Detail) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Warrants [Line Items]
Minimum lock In period for transfer, assign or sell warrants after completion of IPO	30 days	30 days
Public Warrants [Member]
Warrants [Line Items]
Number of warrants or rights outstanding	25,000,000	25,000,000
Warrants exercisable term from the date of completion of business combination	20 days	20 days
Private Placement Warrants [Member]
Warrants [Line Items]
Number of warrants or rights outstanding	11,733,333	11,733,333
Redemption of warrants [Member] | Share Price Equal or Exceeds Eighteen Rupees per dollar [Member] | Common Class A [Member]
Warrants [Line Items]
Class of warrants, redemption price per unit	0.01%	0.01%
Class of warrants, redemption notice period	30 days	30 days
Share price	$ 18	$ 18
Number of consecutive trading days for determining share price	20 days	20 days
Number of trading days for determining share price	30 days	30 days

PIPE with Reduction Right Lia_2

PIPE with Reduction Right Liability - Additional Information (Detail) - Subscription Agreement [Member] - Accredited Investors [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Disclosure Of Private Investment In Public Equity [Line Items]
Common stock shares subscirbed but not issued	18,172,378	18,172,378
Sale of stock issue price per share	$ 9.63	$ 9.63
Common stock value subscribed	$ 175,000,000	$ 175,000,000
Common Class A [Member]
Disclosure Of Private Investment In Public Equity [Line Items]
Class of warrant or right, exercise price of warrants or rights	$ 0.0001	$ 0.0001
Class of warrant or right, number of securities called by each warrant or right	0.1111	0.1111
Reduction Right Shares [Member]
Disclosure Of Private Investment In Public Equity [Line Items]
Minimum proceeds from the issue of equity estimated	$ 175,000,000	$ 175,000,000

Recurring Fair Value Measurem_3

Recurring Fair Value Measurements - Additional Information (Detail) - USD ($)	2 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash		$ 804,228,813		$ 794,750,266	$ 441,037
Unrealized gain loss on derivatives	$ 0	(1,146,117)	$ 0	544,290	0
Private Investment In Public Equity Reduction Right Liability [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Reduction right expenses				18,797,300
Unrealized gain loss on derivatives				544,290
Private Placement Warrants [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Adjustment of Warrants		$ 234,667	$ 469,333	2,816,000	14,197,333
United States Treasury Bills [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Securities, Held-to-Maturity				$ 794,750,266	$ 759,271,905

Recurring Fair Value Measurem_4

Recurring Fair Value Measurements - Schedule of Fair Value Hierarchy the Company's Liabilities that were Accounted for at Fair Value on a Recurring Basis (Detail) - Level 3 [Member] - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
PIPE with reduction right liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
PIPE with reduction right liability as of March 31, 2024	$ 19,399,127	$ 18,253,010
Private placement warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and Rights Outstanding	$ 234,667	$ 469,333	$ 3,285,333

Recurring Fair Value Measurem_5

Recurring Fair Value Measurements - Summary of Quantitative Information Regarding Level 3 Fair Value Measurements Inputs as their Measurement Dates (Detail) - Fair Value, Inputs, Level 3 [Member]		Mar. 31, 2024 yr $ / shares		Dec. 31, 2023 $ / shares yr		Dec. 31, 2022 $ / shares yr
Ordinary share stock price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		10.7		10.6		9.94
Exercise price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		11.5		11.5		11.5
Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		40		45		31
Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input | yr		5.11		5.28		5.75
Risk-free rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		4.21		3.85		3.98
Dividend yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		0		0		0
Probability of completing the Business Combination [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	[1]			91
Probability of completing a different business combination [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		0.6	[2]	0.8	[3],[4]	9	[5]
Probability of completing lionsgate business combination [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	[6]	94.9		91
[1]Estimated by solving for the implied probability of completing the Business Combination with StudioCo based on the public warrant price and the contemplated exchange price of $0.50, adjusted for the time value of money.[2]Derived as follows: 11%*(1-94.9%), where 11% represents the probability of completing a different business combination based on public trading of rights for special purpose acquisition companies and 94.9% represents the probability of completing the Lionsgate Business Combination.[3]Derived as follows: 9%*(1-91%), where 9% represents the probability of completing a different business combination based on public trading of rights for special purpose acquisition companies and 91% represents the probability of completing the Business Combination with StudioCo.[4]Derived as follows: 9%*(1-91%), where 9% represents the probability of completing a different business combination based on public trading of rights for special purpose acquisition companies and 91% represents the probability of completing the Lionsgate Business Combination.[5]Based on public trading of rights for special purpose acquisition companies and their implied business combination probabilities as of December 31, 2022.[6]Estimated by solving for the implied probability of completing the Lionsgate Business Combination based on the public warrant price and the contemplated exchange price of $0.50, adjusted for the time value of money.

Recurring Fair Value Measurem_6

Recurring Fair Value Measurements - Summary of Quantitative Information Regarding Level 3 Fair Value Measurements Inputs as their Measurement Dates (Parenthetical) (Detail) - Studio Co [Member]	Mar. 31, 2024	Dec. 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Probability of consummating a business combination	94.90%	91%
Measurement Input Probability Rate Of Different Business Combination [Member] | SPAC Market Data Published By Third Party [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	94.9	91
Measurement Input Probability of Completing The Business Combination [Member] | SPAC Market Data Published By Third Party [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	11	9
Measurement Input, Share Price [Member] | SPAC Market Data Published By Third Party [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0.5	0.5

Recurring Fair Value Measurem_7

Recurring Fair Value Measurements - Summary of the Change in the Fair Value of the Warrant Liabilities (Detail) - Warrant Liability [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Level 3 Derivative warrant liability Beginning Balance	$ 469,333	$ 3,285,333	$ 3,285,333	$ 0
Issuance of Private Warrants on January 10, 2022				17,482,666
Change in fair value of derivative warrant liability	(234,666)	(469,333)	(2,816,000)	(14,197,333)
Level 3 Derivative warrant liability Ending Balance	$ 234,667	$ 2,816,000	$ 469,333	$ 3,285,333

Recurring Fair Value Measurem_8

Recurring Fair Value Measurements - Summary of Quantitative Information Regarding Level 3 Fair Value Measurement Inputs for the PIPE with Reduction Right Liability (Detail) - PIPE with reduction right liability [Member]		Mar. 31, 2024 $ / shares yr		Dec. 31, 2023 yr $ / shares		Dec. 22, 2023 yr $ / shares
Ordinary share stock price [Member]
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Fair Value Measurement Of Private Investment In Public Equity [Line Items]
Quantitative information regarding Level 3 fair value measurement inputs | $ / shares		10.7		10.6		10.62
Term [Member]
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Fair Value Measurement Of Private Investment In Public Equity [Line Items]
Quantitative information regarding Level 3 fair value measurement inputs | yr		0.11	[1]	0.28	[1],[2]	0.3	[2]
Risk-free rate [Member]
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Fair Value Measurement Of Private Investment In Public Equity [Line Items]
Quantitative information regarding Level 3 fair value measurement inputs		5.37	[3]	5.2	[3],[4]	5.24	[4]
Probability of completing the Business Combination [Member]
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Fair Value Measurement Of Private Investment In Public Equity [Line Items]
Quantitative information regarding Level 3 fair value measurement inputs	[5]			91		91
Probability of completing the Lionsgate Business Combination [Member]
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Fair Value Measurement Of Private Investment In Public Equity [Line Items]
Quantitative information regarding Level 3 fair value measurement inputs	[6]	94.9		91
[1]Assumes the transaction closes on May 10, 2024 as of March 31, 2024 and April 10, 2024 as of December 31, 2023.[2]Assumes the transaction closes on April 10, 2024.[3]Reflects 1-month U.S. treasury bill rate as of March 31, 2024 and 3-month U.S. treasury bill rate as of December 31, 2023.[4]Reflects 3-month US treasury, secondary market rate as of the valuation date.[5]Estimated by solving for the implied probability of completing the Business Combination with StudioCo based on the public warrant price and the contemplated exchange price of $0.50, adjusted for the time value of money.[6]Estimated by solving for the implied probability of completing the Lionsgate Business Combination based on the public warrant price and the contemplated exchange price of $0.50, adjusted for the time value of money.

Recurring Fair Value Measurem_9

Recurring Fair Value Measurements - Summary of Quantitative Information Regarding Level 3 Fair Value Measurement Inputs for the PIPE with Reduction Right Liability (Parenthetical) (Detail) - PIPE with reduction right liability [Member]	Mar. 31, 2024	Dec. 31, 2023
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Fair Value Measurement Of Private Investment In Public Equity [Line Items]
Warrants and Rights Outstanding, Measurement Input	0.5
Studio Co [Member]
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Fair Value Measurement Of Private Investment In Public Equity [Line Items]
Warrants and Rights Outstanding, Measurement Input		0.5

Recurring Fair Value Measure_10

Recurring Fair Value Measurements - Summary of Change in the Fair Value of the PIPE with Reduction Right Liability (Detail) - PIPE with reduction right liability [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Disclosure In Tabular Form Of Reconciliation In Fair Value Of Private Investment In Public Equity Reduction Right Liability [Line Items]
Level 3 Derivative warrant liability Beginning Balance	$ 18,253,010	$ 0
Issuance of PIPE with reduction right liability on December 22, 2023		18,797,300
Change in fair value of PIPE reduction right liability	1,146,117	(544,290)
Level 3 Derivative warrant liability Ending Balance	$ 19,399,127	$ 18,253,010

Noncontrolling Interests - Summ

Noncontrolling Interests - Summary of Redeemable Noncontrolling Interests (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Redeemable Noncontrolling Interest [Line Items]
Beginning balance	$ 343.6	$ 321.2	$ 219.1
Net loss attributable to redeemable noncontrolling interests	(14.9)	(9.2)	(17.7)
Noncontrolling interests discount accretion	0	13.2	22.7
Adjustments to redemption value	83.4	78.4	98.6
Other	93.2	1.7	0
Cash distributions	(1)	(6.6)	(1.5)
Purchase of noncontrolling interest	(194.6)	(55.1)	0
Ending balance	$ 123.3	$ 343.6	$ 321.2

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions					3 Months Ended	12 Months Ended
	Jan. 02, 2024	Feb. 28, 2023	Apr. 02, 2021	May 29, 2018	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2023	Nov. 14, 2022	Nov. 12, 2015
Redeemable Noncontrolling Interest [Line Items]
Incremental compensation expense						$ 49.2
Three Arts Entertainment [Member]
Redeemable Noncontrolling Interest [Line Items]
Percentage of redeemable non controlling interest ownership percentage	25%				25%	25%	49%
Recoupable non controlling interest value				$ 38.3
Period of recoupable non controlling interest				5 years
Deferred compensation				$ 38.3
Amortized period of deferred compensation				5 years
Noncontrolling Interest, Increase from Business Combination	$ 194.1					$ 194.1
Percentage of Right to Acquire Non-Cotrolling Interest	24%
Incremental compensation expense					$ 49.2	49.2
Three Arts Entertainment [Member] | Other Noncurrent Liabilities [Member]
Redeemable Noncontrolling Interest [Line Items]
Compensatory portion of non controlling interest					$ 93.2	$ 93.2
Pilgrim Media Group [Member]
Redeemable Noncontrolling Interest [Line Items]
Non compensatory non controlling interest									$ 90.1
Percentage of redeemable non controlling interest ownership percentage			25%					25%	37.50%
Exercisable fair value period of redeemable non controlling interest			30 days
Payment on exercised of non controlling interest		$ 36.5
Carrying value of non controlling interest		55.1
Reduction in parent net investment		$ 18.6

Revenue - Summary of Revenue by

Revenue - Summary of Revenue by Segment, Market or Product Line (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	$ 2,986.4	$ 3,083.8	$ 2,716.3
Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	2,986.4	3,083.8	2,716.3
Operating Segments [Member] | Motion Picture Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	1,656.3	1,323.7	1,185.3
Operating Segments [Member] | Motion Picture Segment [Member] | Theatrical [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	226.5	120.7	65.3
Operating Segments [Member] | Motion Picture Segment [Member] | Home Entertainment [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	736.3	598	612.1
Operating Segments [Member] | Motion Picture Segment [Member] | Home Entertainment [Member] | Digital Media [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	652.3	527.5	497.1
Operating Segments [Member] | Motion Picture Segment [Member] | Home Entertainment [Member] | Packaged Media [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	84	70.5	115
Operating Segments [Member] | Motion Picture Segment [Member] | Televison [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	274.4	217.8	257.9
Operating Segments [Member] | Motion Picture Segment [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	391	365	234.4
Operating Segments [Member] | Motion Picture Segment [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	28.1	22.2	15.6
Operating Segments [Member] | Television Production [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	1,330.1	1,760.1	1,531
Operating Segments [Member] | Television Production [Member] | Home Entertainment [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	242.6	245	92
Operating Segments [Member] | Television Production [Member] | Home Entertainment [Member] | Digital Media [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	240.6	241.7	85.1
Operating Segments [Member] | Television Production [Member] | Home Entertainment [Member] | Packaged Media [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	2	3.3	6.9
Operating Segments [Member] | Television Production [Member] | Televison [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	788.5	1,144.3	1,094.5
Operating Segments [Member] | Television Production [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	228.8	277.7	256.5
Operating Segments [Member] | Television Production [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Revenue by segment, market or product line	$ 70.2	$ 93.1	$ 88

Revenue - Summary of Revenue _2

Revenue - Summary of Revenue by Segment, Market or Product Line (Parenthetical) (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue from contract with customer excluding assessed tax	$ 2,986.4	$ 3,083.8	$ 2,716.3
Motion Picture Segment [Member] | Starz Business [Member]
Disaggregation of Revenue [Line Items]
Revenue from contract with customer excluding assessed tax	128.2	44.2	38
Television Production [Member] | Starz Business [Member]
Disaggregation of Revenue [Line Items]
Revenue from contract with customer excluding assessed tax	$ 417.7	$ 731.3	$ 610.2

Revenue - Summary of Remaining

Revenue - Summary of Remaining Performance Obligations (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] $ in Millions	Mar. 31, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 1,765.9
2025 [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	1,180.1
2026 [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	486.3
2027 [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	48.5
Thereafter [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 51

Revenue - Additional Informatio

Revenue - Additional Information (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] $ in Millions	12 Months Ended
	Mar. 31, 2024 USD ($)
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability, Revenue Recognized	$ 113.1
E One [Member]
Disaggregation of Revenue [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, current liabilities, deferred revenue	65.6
Television Production [Member]
Disaggregation of Revenue [Line Items]
Contract with customer performance obligation satisfied in the previous period fixed and variable fee	$ 290.6

Revenue - Summary of Accounts R

Revenue - Summary of Accounts Receivable, Contract Assets and Deferred Revenue (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] $ in Millions	12 Months Ended
	Mar. 31, 2024 USD ($)
Disaggregation of Revenue [Line Items]
Trade accounts receivable (Opening)	$ 8.7
(Benefit) provision for doubtful accounts	(0.3)
Other	1.3
Uncollectible accounts written-off	(3.3)
Trade accounts receivable (Closing)	$ 6.4

Share-Based Compensation - Summ

Share-Based Compensation - Summary Of Share-Based Compensation Expense (Detail) - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	[1]	$ 62.5	$ 73.4	$ 70.2
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation Expense:		54.8	69.2	70.2
Impact of accelerated vesting on equity awards		7.7	4.2	0
Total share-based compensation expense		62.5	73.4	70.2
Tax impact		(15.1)	(17.8)	(16.7)
Reduction in net income		47.4	55.6	53.5
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Reportable Subsegments [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation Expense:		39.8	42.5	50.6
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Reportable Subsegments [Member] | Stock options [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation Expense:		1.7	2.3	9.6
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Reportable Subsegments [Member] | Restricted share units and other share-based compensation [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation Expense:		37.7	39.3	38.6
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Reportable Subsegments [Member] | Share appreciation rights [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation Expense:		0.4	0.9	2.4
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Corporate Segment [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation Expense:		$ 15	$ 26.7	$ 19.6
[1]Total share-based compensation expense in the years ended March 31, 2024, 2023 and 2022 includes $15.0 million, $26.7 million and $19.6 million, respectively, of corporate allocation of share-based compensation expense, representing the allocation of Lionsgate’s corporate employee share-based compensation expense.

Share-Based Compensation - Su_2

Share-Based Compensation - Summary Of Share-Based Compensation Expense, By Expense Category (Detail) - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-Based Compensation Expense:	[1]	$ 62.5	$ 73.4	$ 70.2
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-Based Compensation Expense:		62.5	73.4	70.2
General and administration [Member] | STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-Based Compensation Expense:		54.8	69.2	70.2
Restructuring and other [Member] | STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-Based Compensation Expense:		$ 7.7	$ 4.2	$ 0
[1]Total share-based compensation expense in the years ended March 31, 2024, 2023 and 2022 includes $15.0 million, $26.7 million and $19.6 million, respectively, of corporate allocation of share-based compensation expense, representing the allocation of Lionsgate’s corporate employee share-based compensation expense.

Share-Based Compensation - Su_3

Share-Based Compensation - Summary Of Stock Option, And Share Appreciation Rights (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - Two Thousand And Nineteen Lions Gate Plan [Member] - Stock Option And Share Appreciation Rights [Member] $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Shares Beginning | shares	4.3
Number of Shares Forfeited or expired | shares	(1.9)
Number of Shares Ending | shares	2.4
Number of Shares Vested or expected to vest | shares	2.4
Number of Shares Exercisable | shares	2.4
Weighted- Average Exercise Price Beginning	$ 26.35
Weighted- Average Exercise Price Exercised	7.7
Weighted- Average Exercise Price Exercised Forfeited or expired	30.81
Weighted- Average Exercise Price Ending	22.96
Weighted- Average Exercise Price Vested or expected to vest	22.96
Weighted- Average Exercise Price Exercisable Exercised Forfeited or expired	$ 22.96
Weighted- Average Remaining Contractual Term Ending	2 years 6 months 3 days
Weighted- Average Remaining Contractual Term Vested or expected to vest	2 years 6 months 3 days
Weighted- Average Remaining Contractual Term	2 years 6 months 3 days
Aggregate Intrinsic Value Ending | $	$ 0.1
Aggregate Intrinsic Value Vested or expected to vest | $	0.1
Aggregate Intrinsic Value Exercisable | $	$ 0.1
Common Class B [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Shares Beginning | shares	19
Number of Shares Granted | shares	0.3
Number of Shares Exercised | shares	(0.1)
Number of Shares Forfeited or expired | shares	(2.1)
Number of Shares Ending | shares	17.1
Number of Shares Vested or expected to vest | shares	17
Number of Shares Exercisable | shares	16.4
Weighted- Average Exercise Price Beginning	$ 15.5
Weighted- Average Exercise Price Granted	8.88
Weighted- Average Exercise Price Exercised	7.11
Weighted- Average Exercise Price Exercised Forfeited or expired	27.72
Weighted- Average Exercise Price Ending	13.92
Weighted- Average Exercise Price Vested or expected to vest	13.94
Weighted- Average Exercise Price Exercisable Exercised Forfeited or expired	$ 14.16
Weighted- Average Remaining Contractual Term Ending	5 years 1 month 13 days
Weighted- Average Remaining Contractual Term Vested or expected to vest	5 years 1 month 9 days
Weighted- Average Remaining Contractual Term	4 years 11 months 15 days
Aggregate Intrinsic Value Ending | $	$ 5.9
Aggregate Intrinsic Value Vested or expected to vest | $	5.9
Aggregate Intrinsic Value Exercisable | $	$ 5.6

Share-Based Compensation - Su_4

Share-Based Compensation - Summary Of Stock Option, And Share Appreciation Rights (Parenthetical) (Detail) shares in Millions	12 Months Ended
	Mar. 31, 2024 shares
Stock Option And Share Appreciation Rights [Member] | Maximum [Member] | Common Class A [Member] | STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation options exercised during the period	0.1

Share-Based Compensation - Su_5

Share-Based Compensation - Summary Of Weighted Average Grant-Date Fair Value Of Options Granted (Parenthetical) (Detail) - Two Thousand And Nineteen Lions Gate Plan [Member] - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation by share based award aggregate intrinsic value of stock options exercised during the period	$ 0.2	$ 1.1	$ 2.1
Maximum [Member] | Stock options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares paid for tax witholding for share based compensation	0.1	0.1	0.1

Share-Based Compensation - Su_6

Share-Based Compensation - Summary Of Restricted Share Unit And Restricted Stock Activity (Detail) - Restricted Stock And Restricted Stock Unit [Member] - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	12 Months Ended
	Mar. 31, 2024 $ / shares shares
Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning | shares	0
Existing Granted | shares	0.1
Existing Vested | shares	0
Existing Forfeited | shares	0
Ending | shares	0.1
Weighted- Average Grant- Date Fair Value Beginning | $ / shares	$ 10.95
Weighted- Average Grant- Date Fair Value Granted | $ / shares	8.87
Weighted- Average Grant- Date Fair Value Vested | $ / shares	10.89
Weighted- Average Grant- Date Fair Value Forfeited | $ / shares	0
Weighted- Average Grant- Date Fair Value Ending | $ / shares	$ 9.27
Common Class B [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning | shares	10.8
Existing Granted | shares	6.3
Existing Vested | shares	(7)
Existing Forfeited | shares	(0.3)
Ending | shares	9.8
Weighted- Average Grant- Date Fair Value Beginning | $ / shares	$ 9.9
Weighted- Average Grant- Date Fair Value Granted | $ / shares	8.22
Weighted- Average Grant- Date Fair Value Vested | $ / shares	9.37
Weighted- Average Grant- Date Fair Value Forfeited | $ / shares	8.64
Weighted- Average Grant- Date Fair Value Ending | $ / shares	$ 8.93

Share-Based Compensation - Su_7

Share-Based Compensation - Summary Of Restricted Share Unit And Restricted Stock Activity (Parenthetical) (Detail) - Maximum [Member] - Restricted Stock And Restricted Stock Unit [Member] - Two Thousand And Nineteen Lions Gate Plan [Member] - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation by share based award equity instruments other than options granted during the period	0.1
Share based compensation by share based award equity instruments other than options vested during the period	$ 67.5	$ 40	$ 51

Share-Based Compensation - Su_8

Share-Based Compensation - Summary Of Total Remaining Unrecognized Compensation Cost (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] $ in Millions	12 Months Ended
	Mar. 31, 2024 USD ($)
Total Unrecognized Compensation Cost
Stock Options	$ 2.3
Restricted Share Units and Restricted Stock	40.5
Total	$ 42.8
Stock options [Member]
Total Unrecognized Compensation Cost
Weighted Average Remaining Years	1 year 6 months
Restricted Stock And Restricted Stock Unit [Member]
Total Unrecognized Compensation Cost
Weighted Average Remaining Years	1 year 7 months 6 days

Share-Based Compensation - Su_9

Share-Based Compensation - Summary Of Total Remaining Unrecognized Compensation Cost (Parenthetical) (Detail) - shares shares in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Restricted Stock And Restricted Stock Unit [Member] | Two Thousand And Nineteen Lions Gate Plan [Member] | STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based payment arrangement shares with held for tax obligation	3	1.5	1.8

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - Two Thousand And Nineteen Lions Gate Plan [Member] - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Income tax expense benefit associated with share based compensation	$ 7.4	$ 8.7	$ 12.7
Other Share Based Compensation [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation by share based award shares granted during the period value	$ 2.3	$ 2.3	$ 2.3
Share based compensation by share based award shares granted during the period shares	0.2	0.3	0.1
Maximum [Member] | Stock options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation by share based award period of service	5 years
Share based compensation by share based expiration period	10 years
Maximum [Member] | Restricted Stock And Restricted Share Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation by share based award period of service	3 years
Minimum [Member] | Stock options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation by share based award period of service	1 year
Share based compensation by share based expiration period	7 years
Minimum [Member] | Restricted Stock And Restricted Share Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation by share based award period of service	1 year

Share-Based Compensation - S_10

Share-Based Compensation - Summary Of Weighted Average Grant-Date Fair Value Of Options Granted (Detail) - Two Thousand And Nineteen Lions Gate Plan [Member] - Share-Based Payment Arrangement, Option [Member] - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - $ / shares	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average fair value of grants	$ 4.63	$ 4.56	$ 6.16
Weighted average assumptions:
Risk-free interest rate minimum	4.30%	2.80%	1.10%
Risk-free interest rate maximum	4.50%	3.70%	2.45%
Expected volatility for options		44%
Expected volatility for options minimum	46%		42%
Expected volatility for options maximum	47%		44%
Expected dividend yield	0%	0%	0%
Maximum [Member]
Weighted average assumptions:
Expected option lives (in years)	7 years	7 years	7 years
Minimum [Member]
Weighted average assumptions:
Expected option lives (in years)	3 years 3 months 18 days	3 years 6 months	3 years 3 months 18 days

Leases - Summary Of Components

Leases - Summary Of Components Of Lease Cost (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Lessee Operating Leases [Line Items]
Operating lease cost	$ 48.7	$ 35.3	$ 42.1
Short-term lease cost	96.2	145	233.1
Variable lease cost	3	2.8	1.3
Total lease cost	$ 147.9	$ 183.1	$ 276.5

Leases - Summary Of Supplementa

Leases - Summary Of Supplemental Balance Sheet Information Related To Leases (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Lessee Operating Leases [Line Items]
Right-of-use assets	$ 344.3	$ 116.8
Lease liabilities (current)	44.4	37.7
Lease liabilities (non-current)	329.7	96.4
Operating Leases	$ 374.1	$ 134.1

Leases - Summary Of Weighted Av

Leases - Summary Of Weighted Average In Operating Leases (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]	Mar. 31, 2024	Mar. 31, 2023
Lessee Operating Leases [Line Items]
Weighted average remaining lease term (in years)	9 years 4 months 24 days	4 years 3 months 18 days
Weighted average discount rate	5.37%	3.65%

Leases - Summary Of Expected Fu

Leases - Summary Of Expected Future Payments Relating To The Company's Lease Liabilities (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Lessee Operating Leases [Line Items]
2025	$ 62.9
2026	56.1
2027	49.3
2028	49.2
2029	45.4
Thereafter	220.8
Total lease payments	483.7
Less imputed interest	(109.6)
Total	$ 374.1	$ 134.1

Leases - Additional Information

Leases - Additional Information (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] $ in Millions	12 Months Ended
	Mar. 31, 2024 USD ($)
Lessee Operating Leases [Line Items]
Lessee, Operating Lease, Remaining Lease Term	12 years 3 months
Lessee, Operating Lease, Term of Contract	12 years 3 months
Operating Lease, Payments	$ 250.9
Minimum [Member]
Lessee Operating Leases [Line Items]
Lessee, Operating Lease, Option to Extend	10
Maximum [Member]
Lessee Operating Leases [Line Items]
Lessee, Operating Lease, Option to Extend	12

Fair Value Measurements - Summa

Fair Value Measurements - Summary Of Assets And Liabilities Required To Be Carried At Fair Value On A Recurring Basis (Detail) - Fair Value, Recurring [Member] - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Forward exchange contracts [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Asset		$ 2.9
Liabilities, Fair Value Disclosure [Abstract]
Derivative Liability	$ (2.8)	(0.1)
Forward exchange contracts [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Asset		2.9
Liabilities, Fair Value Disclosure [Abstract]
Derivative Liability	(2.8)	(0.1)
Interest rate swaps [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Asset	35.6	41.1
Interest rate swaps [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Asset	$ 35.6	$ 41.1

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary Of Carrying Values And Fair Values Of The Company (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Term Loan A [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	$ 396.6	$ 424.2
Fair Value	397.3	415.4
Term Loan B [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	816.9	827.2
Fair Value	818.1	817.1
Production Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	1,286.2	1,346.1
Fair Value	1,292.2	1,349.9
Production Tax Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	258.7	229.4
Fair Value	260	231.8
Backlog Facility and Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	285.4	223.7
Fair Value	287.3	226
IP Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	107.6	140.8
Fair Value	$ 109.9	$ 143.8

Income Taxes - Summary Of Compo

Income Taxes - Summary Of Components Of Pretax Income (Loss) (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Schedule Of Income Before Income Tax Domestic And Foreign [Line Items]
United States	$ (143.8)	$ (33.5)	$ 20.4
International	71.1	38.9	(9.2)
Pre Income Tax Expense Benefit	$ (72.7)	$ 5.4	$ 11.2

Income Taxes - Summary Of Compa

Income Taxes - Summary Of Company's Current And Deferred Income Tax Provision (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Current provision:
Federal	$ 20.4	$ 3.2	$ 5.7
States	5.6	(0.5)	3.2
International	12.6	10	7.2
Total current provision	38.6	12.7	16.1
Deferred provision:
Federal	(3.4)	0.4	0.9
States	0.3	(0.1)	0.3
International	(1.3)	1.3	0
Total deferred provision	(4.4)	1.6	1.2
Total provision for income taxes	$ 34.2	$ 14.3	$ 17.3

Income Taxes - Summary Of Diffe

Income Taxes - Summary Of Differences Between Income Tax Rates And The Income Tax Provision (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Schedule Of Differences Between Income Taxes Expected At US Statutory Income Tax Rates And The Income Tax Provision [Line Items]
Income taxes computed at Federal statutory rate	$ (15.3)	$ 1.1	$ 2.4
Foreign operations subject to different income tax rates	6.8	5	7.1
State income tax	5.9	(0.6)	3.5
Remeasurements of originating deferred tax assets and liabilities	4.7	(4.7)	(9.2)
Permanent differences	0.1	2.1	0
Nondeductible share-based compensation	1.2	1.8	(2.7)
Nondeductible officers compensation	7.7	9.8	5.1
Non-controlling interest in partnerships	18.6	1.8	3.7
Foreign derived intangible income	(2.4)	(1.4)	0
Other	2.7	1.7	1.5
Changes in valuation allowance	4.2	(2.3)	5.9
Total provision for income taxes	$ 34.2	$ 14.3	$ 17.3

Income Taxes - Summary Of Incom

Income Taxes - Summary Of Income Tax Effects Of Temporary Differences Between The Book Value And Tax Basis Of Assets And Liabilities (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Deferred tax assets:
Net operating losses	$ 241.9	$ 94.1
Foreign tax credits	0	7.2
Intangible assets	9.5	0
Accrued compensation	42.9	50.7
Operating leases- liabilities	83.5	24.4
Other assets	50.7	14.5
Reserves	21.1	8
Interest	68	21.8
Total deferred tax assets	517.6	220.7
Valuation allowance	(341.6)	(152.2)
Deferred tax assets, net of valuation allowance	176	68.5
Deferred tax liabilities:
Intangible assets	0	(8)
Investment in film and television programs	(56.9)	(3.6)
Unrealized gains on derivative contracts	(32.9)	(33.5)
Operating leases—assets	(78.2)	(21.9)
Other	(21.7)	(19.6)
Total deferred tax liabilities	(189.7)	(86.6)
Net deferred tax liabilities	$ (13.7)	$ (18.1)

Income Taxes - Summary Of The G

Income Taxes - Summary Of The Gross Unrecognized Tax Benefits, Exclusive Of Interest And Penalties (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Gross unrecognized tax benefits, Ending Balance	$ 0
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Gross unrecognized tax benefits, Beginning Balance	0.3	$ 1	$ 0.6
Increases related to current year tax position	0	0	0
Increases related to prior year tax positions	5.3	0	0.4
Decreases related to prior year tax positions	0	0	0
Settlements	0	0	0
Lapse in statute of limitations	(0.3)	(0.7)	0
Gross unrecognized tax benefits, Ending Balance	$ 5.3	$ 0.3	$ 1

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Tax Credit Carryforward, Amount	$ 251.6
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	0.4
Estimate unrecognized tax benefits decrease resulting from prior period tax positions	(1.5)
CANADA
Tax Credit Carryforward, Amount	359.6
SPAIN
Tax Credit Carryforward, Amount	$ 96.1
State and Local Jurisdiction [Member]
Operating Loss Carryforwards		$ 95.1

Restructuring and Other - Summa

Restructuring and Other - Summary of Restructuring and Other and Other Unusual Charges or Benefits (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Other impairments	[1]	$ 12.8	$ 5.9	$ 0
Cash	[2]	27.5	10.8	2.8
Accelerated vesting on equity awards (see Note 13)	[2]	7.7	4.2	0
Total severance costs	[2]	35.2	15	2.8
COVID-19 related charges included in restructuring and other		0	0.1	1
Transaction and other costs	[3]	84.9	6.2	2.5
Total Restructuring and Other		132.9	27.2	6.3
Content charges included in direct operating expense	[4]	1.5	8.1	0
COVID-19 related charges (benefit) included in Direct operating expense	[5]	(0.9)	(8.9)	(5.2)
Charges related to Russia's invasion of Ukraine included in direct operating expense	[6]	0	0	5.9
Total restructuring and other and other unusual charges not included in restructuring and other		$ 133.5	$ 26.4	$ 7
[1]Amounts in the fiscal year ended March 31, 2024 include $12.8 million of development costs written off in connection with changes in strategy in the Television Production segment as a result of the acquisition of eOne. Amounts in the fiscal year ended March 31, 2023 include an impairment of an operating lease right-of-use asset related to the Studio Business and corporate facilities amounting to $5.8 million associated with a portion of a facility lease that will no longer be utilized by the Company. The impairment reflects a decline in market conditions since the inception of the lease impacting potential sublease opportunities, and represents the difference between the estimated fair value, which was determined based on the expected discounted future cash flows of the lease asset, and the carrying value.[2]Severance costs in the fiscal years ended March 31, 2024, 2023 and 2022 were primarily related to restructuring activities and other cost-saving initiatives. In fiscal 2024, amounts were due to restructuring activities including integration of the acquisition of eOne and our Motion Picture and Television Production segment.[3]Amounts in the fiscal years ended March 31, 2024, 2023 and 2022 reflect transaction, integration and legal costs associated with certain strategic transactions, and restructuring activities and also include costs and benefits associated with legal and other matters. In fiscal 2024, these amounts include $49.2 million associated with the acquisition of additional interest in 3 Arts Entertainment. Due to the new arrangement representing a modification of terms of the compensation element under the previous arrangement which resulted in the reclassification of the equity award to a liability award, the Company recognized incremental compensation expense of $49.2 million, representing the excess of the fair value of the modified award over amounts previously expensed. See Note 11 for further information. In addition, transaction and other costs in fiscal 2024 includes approximately $16.6 million of a loss associated with a theft at a production of a 51% owned consolidated entity. The Company expects to recover a portion of this amount under its insurance coverage and from the noncontrolling interest holders of this entity. The remaining amounts in fiscal 2024 primarily represent acquisition and integration costs related to the acquisition of eOne, and costs associated with the separation of the Starz Business from the Studio Business.[4]Amounts represent certain unusual content charges. In the fiscal year ended March 31, 2023, the amounts represent development costs written off as a result of changes in strategy across the Company’s theatrical slate in connection with certain management changes and changes in the theatrical marketplace in the Motion Picture segment. These charges are excluded from segment results and included in amortization of investment in film and television programs in direct operating expense on the combined statement of operations.[5]Amounts reflected in direct operating expense include incremental costs associated with the pausing and restarting of productions including paying/hiring certain cast and crew, maintaining idle facilities and equipment costs resulting from circumstances associated with the COVID-19 global pandemic, net of insurance recoveries of $1.0 million, $8.4 million and $15.6 million in fiscal 2024, 2023 and 2022, respectively. In fiscal years ended March 31, 2024, 2023 and 2022, insurance recoveries exceeded the incremental costs expensed in the year, resulting in a net benefit included in direct operating expense. The Company is in the process of seeking additional insurance recovery for some of these costs. The ultimate amount of insurance recovery cannot be estimated at this time.[6]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.

Restructuring and Other - Sum_2

Restructuring and Other - Summary of Restructuring and Other and Other Unusual Charges or Benefits (Parenthetical) (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2025	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Operating Lease, Impairment Loss			$ 5.8
Equipment Cost For Insurance Recoveries Amount			1	$ 8.4	$ 15.6
Development costs written off			12.8
Incremental compensation expense			49.2
Three Arts Entertainment [Member]
Incremental compensation expense	$ 49.2		$ 49.2
Fifty One Percent Consolidated Entity [Member]
Equity method investment ownership percentage	51%		51%
Loss associated with theft		$ 16.6

Restructuring and Other - Sum_3

Restructuring and Other - Summary of Changes in the Restructuring and Other Severance Liability (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Beginning balance	$ 3.7	$ 0.8	$ 3.9
Accruals	27.5	10.8	2.8
Severance payments	(11.9)	(7.9)	(5.9)
Ending Balance	$ 19.3	$ 3.7	$ 0.8

Restructuring and Other - Sum_4

Restructuring and Other - Summary of Changes in the Restructuring and Other Severance Liability (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Mar. 31, 2024 USD ($)
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Severance Liability	$ 19.3

Segment Information - Summary O

Segment Information - Summary Of Segment Reporting Information By Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Segment general and administration	$ 171.8	$ 161.7	$ 133.3
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Segment Reporting Information [Line Items]
Revenues	2,986.4	3,083.8	2,716.3
Gross Contribution	638	571.6	480.1
Segment general and administration	171.8	161.7	133.3
Segment profit	466.2	409.9	346.8
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Motion Picture [Member]
Segment Reporting Information [Line Items]
Revenues	1,656.3	1,323.7	1,185.3
Gross Contribution	433.3	386.3	356
Segment general and administration	113.9	109.8	93.1
Segment profit	319.4	276.5	262.9
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Television Production [Member]
Segment Reporting Information [Line Items]
Revenues	1,330.1	1,760.1	1,531
Gross Contribution	204.7	185.3	124.1
Segment general and administration	57.9	51.9	40.2
Segment profit	$ 146.8	$ 133.4	$ 83.9

Segment Information - Summary_2

Segment Information - Summary Of Reconciliation Of Total Segment Profit To The Company's Income (loss) (Detail) - USD ($)		2 Months Ended	3 Months Ended		12 Months Ended
		Dec. 31, 2021	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Corporate general and administrative expenses					$ (110,600,000)		$ (100,900,000)		$ (80,000,000)
Adjusted share-based compensation expense					(54,800,000)		(69,200,000)		(70,200,000)
Purchase accounting and related adjustments					(17,100,000)		(61,600,000)		(65,300,000)
Loss from operations		$ (5,000)	$ (3,404,845)	$ (540,513)		$ (24,446,982)		$ (1,628,308)
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Company's total segment profit					466,200,000		409,900,000		346,800,000
Corporate general and administrative expenses	[1]				(110,600,000)		(100,900,000)		(80,000,000)
Adjusted depreciation and amortization	[2]				(10,500,000)		(12,200,000)		(12,400,000)
Restructuring and other					(132,900,000)		(27,200,000)		(6,300,000)
COVID-19 related benefit (charges) included in direct operating expense and distribution and marketing expense	[3]				900,000		8,900,000		5,200,000
Content charges	[4]				(1,500,000)		(8,100,000)		0
Charges related to Russia's invasion of Ukraine	[5]				0		0		(5,900,000)
Adjusted share-based compensation expense	[6]				(54,800,000)		(69,200,000)		(70,200,000)
Purchase accounting and related adjustments	[7]				(17,100,000)		(61,600,000)		(65,300,000)
Loss from operations					139,700,000		139,600,000		111,900,000
Interest expense					(222,500,000)		(162,600,000)		(115,000,000)
Interest and other income					19,200,000		6,400,000		28,000,000
Other expense					(20,000,000)		(21,200,000)		(8,600,000)
Loss on extinguishment of debt					(1,300,000)	(1,300,000)	(1,300,000)		(3,400,000)
Gain on investments, net					3,500,000	$ 44,000,000	44,000,000		1,300,000
Equity interests income (loss)					8,700,000		500,000		(3,000,000)
Income (loss) before income taxes					$ (72,700,000)		$ 5,400,000		$ 11,200,000
[1]Corporate general and administrative expenses reflect the allocations of certain general and administrative expenses from Lionsgate related to certain corporate and shared service functions historically provided by Lionsgate, including, but not limited to, executive oversight, accounting, tax, legal, human resources, occupancy, and other shared services (see Note 1 and Note 20). Amount excludes allocation of share-based compensation expense discussed below. The costs included in corporate general and administrative expenses represent certain corporate executive expense (such as salaries and wages for the office of the Chief Executive Officer, Chief Financial Officer, General Counsel and other corporate officers), investor relations costs, costs of maintaining corporate facilities, and other unallocated common administrative support functions, including corporate accounting, finance and financial reporting, internal and external audit and tax costs, corporate and other legal support functions, and certain information technology and human resources expense.[2]Adjusted depreciation and amortization represents depreciation and amortization as presented on the combined statements of operations less the depreciation and amortization related to the non-cash fair value adjustments to property and equipment and intangible assets acquired in acquisitions which are included in the purchase accounting and related adjustments line item above, as shown in the table below: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Depreciation and amortization $ 15.6 $ 17.9 $ 18.1 Less: Amount included in purchase accounting and related adjustments (5.1 ) (5.7 ) (5.7 ) Adjusted depreciation and amortization $ 10.5 $ 12.2 $ 12.4[3]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.[4]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).[5]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.[6]The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Total share-based compensation expense(i) $ 62.5 $ 73.4 $ 70.2 Less: Amount included in restructuring and other(ii) (7.7 ) (4.2 ) —  Adjusted share-based compensation $ 54.8 $ 69.2 $ 70.2 (i) Total share-based compensation expense in the years ended March 31, 2024, 2023 and 2022 includes $15.0 million, $26.7 million and $19.6 million, respectively, of corporate allocation of share-based compensation expense, representing the allocation of Lionsgate’s corporate employee share-based compensation expense. (ii) Represents share-based compensation expense included in restructuring and other expenses reflecting the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements.[7]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: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Purchase accounting and related adjustments: Direct operating $ —  $ 0.7 $ 0.4 General and administrative expense(i) 12.0 55.2 59.2 Depreciation and amortization 5.1 5.7 5.7 $ 17.1 $ 61.6 $ 65.3 (i)These adjustments include the expense associated with the noncontrolling equity interests in the distributable earnings related to 3 Arts Entertainment, and the non-cash charges for the accretion of the noncontrolling interest discount related to Pilgrim Media Group (through June 2021) and 3 Arts Entertainment (through November 2022), and the amortization of the recoupable portion of the purchase price (through May 2023) related to 3 Arts Entertainment, all of which are accounted for as compensation and are included in general and administrative expense, as presented in the table below. The noncontrolling equity interests in the distributable earnings of 3 Arts Entertainment are reflected as an expense rather than noncontrolling interest in the combined statements of operations due to the relationship to continued employment.

Segment Information - Summary_3

Segment Information - Summary Of Adjusted Depreciation And Amortization Reporting Segment (Detail) - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Less: Amount included in purchase accounting and related adjustments		$ (5.1)	$ (5.7)	$ (5.7)
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Depreciation and amortization		15.6	17.9	18.1
Less: Amount included in purchase accounting and related adjustments		(5.1)	(5.7)	(5.7)
Adjusted depreciation and amortization	[1]	$ 10.5	$ 12.2	$ 12.4
[1]Adjusted depreciation and amortization represents depreciation and amortization as presented on the combined statements of operations less the depreciation and amortization related to the non-cash fair value adjustments to property and equipment and intangible assets acquired in acquisitions which are included in the purchase accounting and related adjustments line item above, as shown in the table below: Year Ended March 31, 2024 2023 2022 (Amounts in millions) Depreciation and amortization $ 15.6 $ 17.9 $ 18.1 Less: Amount included in purchase accounting and related adjustments (5.1 ) (5.7 ) (5.7 ) Adjusted depreciation and amortization $ 10.5 $ 12.2 $ 12.4

Segment Information - Summary_4

Segment Information - Summary Of Reconciles Total Share Based Compensation Expense (Detail) - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Total share-based compensation expense	[1]	$ 62.5	$ 73.4	$ 70.2
Amount included in restructuring and other	[2]	(7.7)	(4.2)	0
Adjusted share-based compensation		$ 54.8	$ 69.2	$ 70.2
[1]Total share-based compensation expense in the years ended March 31, 2024, 2023 and 2022 includes $15.0 million, $26.7 million and $19.6 million, respectively, of corporate allocation of share-based compensation expense, representing the allocation of Lionsgate’s corporate employee share-based compensation expense.[2]Represents share-based compensation expense included in restructuring and other expenses reflecting the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements.

Segment Information - Summary_5

Segment Information - Summary Of Reconciles Total Share Based Compensation Expense (Parentheticals) (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Total share-based compensation expense	$ 15	$ 26.7	$ 19.6

Segment Information - Summary_6

Segment Information - Summary Of Purchase Accounting And Related Adjustments (Detail) - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Direct operating		$ 0	$ 0.7	$ 0.4
General and administrative expense	[1]	12	55.2	59.2
Depreciation and amortization		5.1	5.7	5.7
Purchase accounting and related adjustments		$ 17.1	$ 61.6	$ 65.3
[1]These adjustments include the expense associated with the noncontrolling equity interests in the distributable earnings related to 3 Arts Entertainment, and the non-cash charges for the accretion of the noncontrolling interest discount related to Pilgrim Media Group (through June 2021) and 3 Arts Entertainment (through November 2022), and the amortization of the recoupable portion of the purchase price (through May 2023) related to 3 Arts Entertainment, all of which are accounted for as compensation and are included in general and administrative expense, as presented in the table below. The noncontrolling equity interests in the distributable earnings of 3 Arts Entertainment are reflected as an expense rather than noncontrolling interest in the combined statements of operations due to the relationship to continued employment.

Segment Information - Summary_7

Segment Information - Summary Of Noncontrolling Equity Interest In The Distributable Earnings (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Amortization of recoupable portion of the purchase price	$ 1.3	$ 7.7	$ 7.7
Noncontrolling interest discount amortization	0	13.2	22.7
Noncontrolling equity interest in distributable earnings	10.7	34.3	28.8
Noncontrolling equity interest	$ 12	$ 55.2	$ 59.2

Segment Information - Summary_8

Segment Information - Summary Of General And Administration Of The Company (Detail) - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Segment general and administrative expenses		$ 171.8	$ 161.7	$ 133.3
Corporate general and administrative expenses		110.6	100.9	80
Share-based compensation expense included in general and administrative expense	[1]	54.8	69.2	70.2
Purchase accounting and related adjustments	[2]	12	55.2	59.2
Reconciles segment of general and administration		$ 349.2	$ 387	$ 342.7
[1]Includes share-based compensation expense related to the allocation of Lionsgate corporate and shared employee share-based compensation expenses of $15.0 million in fiscal year 2024 (2023- $26.7 million, 2022 - $19.6 million).[2]These adjustments include the expense associated with the noncontrolling equity interests in the distributable earnings related to 3 Arts Entertainment, and the non-cash charges for the accretion of the noncontrolling interest discount related to Pilgrim Media Group (through June 2021) and 3 Arts Entertainment (through November 2022), and the amortization of the recoupable portion of the purchase price (through May 2023) related to 3 Arts Entertainment, all of which are accounted for as compensation and are included in general and administrative expense, as presented in the table below. The noncontrolling equity interests in the distributable earnings of 3 Arts Entertainment are reflected as an expense rather than noncontrolling interest in the combined statements of operations due to the relationship to continued employment.

Segment Information - Summary_9

Segment Information - Summary Of General And Administration Of The Company (Parentheticals) (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Share-based compensation expense	$ 15	$ 26.7	$ 19.6

Segment Information - Summar_10

Segment Information - Summary Of Reconciliation Of Total Segments Assets To The Company (Detail) - USD ($)		Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Assets		$ 804,744,058	$ 795,907,560		$ 760,412,422
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Assets		5,103,000,000		$ 4,412,700,000
Other Assets	[1]	903,800,000		704,200,000
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Motion Picture [Member]
Assets		1,851,400,000		1,759,400,000
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Television Production [Member]
Assets		$ 2,347,800,000		$ 1,949,100,000
[1]Other unallocated assets primarily consist of cash, other assets and investments.

Segment Information - Summar_11

Segment Information - Summary Of Acquisition Of Investment In Films And Television Programs (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Acquisition of investment in films and television programs	$ 1,120.5	$ 1,568.4	$ 1,750.1
Motion Picture [Member]
Acquisition of investment in films and television programs	418.1	484.5	463.1
Television Production [Member]
Acquisition of investment in films and television programs	$ 702.4	$ 1,083.9	$ 1,287

Segment Information - Summar_12

Segment Information - Summary Of Capital Expenditures (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Mar. 31, 2022
Capital expenditures		$ 9.9	$ 6.5	$ 6.5	$ 6.1
Motion Picture [Member]
Capital expenditures		0		0	0
Television Production [Member]
Capital expenditures		0.3		0.3	0.4
Corporate [Member]
Capital expenditures	[1]	$ 9.6		$ 6.2	$ 5.7
[1]Represents unallocated capital expenditures primarily related to the Company’s corporate headquarters.

Segment Information - Summar_13

Segment Information - Summary Of Revenue From External Customers By Geographic Areas (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Revenue	$ 2,986.4	$ 3,083.8	$ 2,716.3
Maximum [Member]
Percentage Of Total Revenue	10%
Canada [Member]
Revenue	$ 70.4	64	56.7
United States [Member]
Revenue	2,262.3	2,348.8	2,084
Other foreign [Member]
Revenue	$ 653.7	$ 671	$ 575.6

Segment Information - Summar_14

Segment Information - Summary Of Long-lived Assets By Geographic Areas (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions		Mar. 31, 2024	Mar. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	[1]	$ 2,310.6	$ 1,927.3
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	[1]	2,047.6	1,736.5
Other foreign [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	[1]	$ 263	$ 190.8
[1]Long-lived assets represents total assets less the following: current assets, investments, long-term receivables, interest rate swaps, intangible assets, goodwill and deferred tax assets.

Segment Information - Additiona

Segment Information - Additional Information (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Revenues	$ 2,986.4	$ 3,083.8	$ 2,716.3
Percentage of accounts receivable due from one customer		10.50%
Accounts receivable		$ 60
Accounts Receivable, Noncurrent	86.8
Accounts Receivable, Current	$ 100.9
Percentage of accounts receivable due from two customer, current	12.50%
Percentage of accounts receivable due from two customer, non current	10.80%
Starz Business [Member]
Revenues	$ 545.9	775.5	$ 648.2
Amount due from customer	33.4	157.6
Motion Picture And Television Production [Member]
Revenue from one individual external customer	$ 411.1	$ 337.1
Maximum [Member]
Percentage of total revenue	10%
Percentage of accounts receivable due from one customer		10%
Percentage of accounts receivable due from two customer	10%
Maximum [Member] | Motion Picture And Television Production [Member]
Percentage of revenue from one individual external customer	10%	10%

Financial Instruments - Summary

Financial Instruments - Summary of Outstanding Forward Foreign Exchange Contracts (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - Foreign Exchange Forward [Member] € in Millions, £ in Millions, Kč in Millions, Ft in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions	Mar. 31, 2024 GBP (£)	Mar. 31, 2024 USD ($)	Mar. 31, 2024 CZK (Kč)	Mar. 31, 2024 EUR (€)	Mar. 31, 2024 CAD ($)	Mar. 31, 2024 MXN ($)	Mar. 31, 2024 HUF (Ft)	Mar. 31, 2024 NZD ($)
GBP
Disclosure In Tabular Form Of Foreign Exchange Forward Contracts [Line Items]
Derivative Liability, Notional Amount	£ 0.5	$ 0.6
Derivative, Average Forward Exchange Rate	0.79	0.79	0.79	0.79	0.79	0.79	0.79	0.79
CZK
Disclosure In Tabular Form Of Foreign Exchange Forward Contracts [Line Items]
Derivative Liability, Notional Amount		$ 7.7	Kč 180
Derivative, Average Forward Exchange Rate	23.29	23.29	23.29	23.29	23.29	23.29	23.29	23.29
EUR
Disclosure In Tabular Form Of Foreign Exchange Forward Contracts [Line Items]
Derivative Liability, Notional Amount		$ 0.5		€ 0.6
Derivative, Average Forward Exchange Rate	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91
CAD
Disclosure In Tabular Form Of Foreign Exchange Forward Contracts [Line Items]
Derivative Liability, Notional Amount		$ 15.9			$ 21.4
Derivative, Average Forward Exchange Rate	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34
PLN
Disclosure In Tabular Form Of Foreign Exchange Forward Contracts [Line Items]
Derivative Liability, Notional Amount		$ 3
Derivative, Average Forward Exchange Rate	18.95	18.95	18.95	18.95	18.95	18.95	18.95	18.95
MXN
Disclosure In Tabular Form Of Foreign Exchange Forward Contracts [Line Items]
Derivative Liability, Notional Amount						$ 56.7
HUF
Disclosure In Tabular Form Of Foreign Exchange Forward Contracts [Line Items]
Derivative Liability, Notional Amount		$ 4					Ft 1,450
Derivative, Average Forward Exchange Rate	360.17	360.17	360.17	360.17	360.17	360.17	360.17	360.17
NZD
Disclosure In Tabular Form Of Foreign Exchange Forward Contracts [Line Items]
Derivative Liability, Notional Amount		$ 45.3						$ 73.9
Derivative, Average Forward Exchange Rate	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64

Financial Instruments - Summa_2

Financial Instruments - Summary of Designated As Cash Flow Hedges (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - Designated as Hedging Instrument [Member] - Cash Flow Hedging [Member] - Interest Rate Swaption [Member] - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Derivative [Line Items]
Notional Amount		$ 1,700	$ 1,700
Tranche One [Member]
Derivative [Line Items]
Effective Date		May 23, 2018	May 23, 2018
Notional Amount		$ 300	$ 300
Fixed Rate Paid		2.915%	2.915%
Maturity Date		Mar. 24, 2025	Mar. 24, 2025
Tranche Two [Member]
Derivative [Line Items]
Effective Date		May 23, 2018	May 23, 2018
Notional Amount		$ 700	$ 700
Fixed Rate Paid		2.915%	2.915%
Maturity Date	[1]	Mar. 24, 2025	Mar. 24, 2025
Tranche Three [Member]
Derivative [Line Items]
Effective Date		Jun. 25, 2018	Jun. 25, 2018
Notional Amount		$ 200	$ 200
Fixed Rate Paid		2.723%	2.723%
Maturity Date	[1]	Mar. 23, 2025	Mar. 23, 2025
Tranche Four [Member]
Derivative [Line Items]
Effective Date		Jul. 31, 2018	Jul. 31, 2018
Notional Amount		$ 300	$ 300
Fixed Rate Paid		2.885%	2.885%
Maturity Date	[1]	Mar. 23, 2025	Mar. 23, 2025
Tranche Five [Member]
Derivative [Line Items]
Effective Date		Dec. 24, 2018	Dec. 24, 2018
Notional Amount		$ 50	$ 50
Fixed Rate Paid		2.744%	2.744%
Maturity Date	[1]	Mar. 23, 2025	Mar. 23, 2025
Tranche Six [Member]
Derivative [Line Items]
Effective Date		Dec. 24, 2018	Dec. 24, 2018
Notional Amount		$ 100	$ 100
Fixed Rate Paid		2.808%	2.808%
Maturity Date	[1]	Mar. 23, 2025	Mar. 23, 2025
Tranche Seven [Member]
Derivative [Line Items]
Effective Date		Dec. 24, 2018	Dec. 24, 2018
Notional Amount		$ 50	$ 50
Fixed Rate Paid		2.728%	2.728%
Maturity Date	[1]	Mar. 23, 2025	Mar. 23, 2025
[1]Represents the re-designated swaps as described in the May 2022 Transactions section below that were previously not designated cash flow hedges at March 31, 2022.

Financial Instruments - Summa_3

Financial Instruments - Summary of Financial Statement Effect of Derivatives (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Disclosure In Tabular Form Of Impact Of Derivatives On Income Statement And Comprehensive Income Statement [Line Items]
Total direct operating expense on combined statements of operations	$ 1,886.7	$ 2,207.9	$ 1,922.1
Total interest expense on combined statements of operations	222.5	162.6	115
Cash Flow Hedging [Member]
Disclosure In Tabular Form Of Impact Of Derivatives On Income Statement And Comprehensive Income Statement [Line Items]
Total direct operating expense on combined statements of operations	1,886.7	2,207.9	1,922.1
Total interest expense on combined statements of operations	222.5	162.6	115
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Disclosure In Tabular Form Of Impact Of Derivatives On Income Statement And Comprehensive Income Statement [Line Items]
Gain (loss) recognized in accumulated other comprehensive income (loss)	(5.8)	1.7	1.7
Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense	(0.3)	(0.3)	(0.2)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Disclosure In Tabular Form Of Impact Of Derivatives On Income Statement And Comprehensive Income Statement [Line Items]
Gain (loss) recognized in accumulated other comprehensive income (loss)	36.3	81.1	66.5
Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense	41.8	1.4	(15)
Cash Flow Hedging [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Interest Expense [Member]
Disclosure In Tabular Form Of Impact Of Derivatives On Income Statement And Comprehensive Income Statement [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense	$ (7.2)	$ (11.8)	$ (33.8)

Financial Instruments - Summa_4

Financial Instruments - Summary of Balance Sheets Related to the Company's Use of Derivatives (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - Cash Flow Hedging [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Other Current Assets [Member]
Derivative [Line Items]
Derivative Asset	$ 35.6
Derivative Assets (Liabilities), at Fair Value, Net		$ 2.9
Other Current Assets [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Asset	0	2.9
Other Current Assets [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset	35.6	0
Other Noncurrent Assets [Member]
Derivative [Line Items]
Derivative Asset	0
Derivative Assets (Liabilities), at Fair Value, Net		41.1
Other Noncurrent Assets [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Asset	0	0
Other Noncurrent Assets [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset	0	41.1
Other Current Liabilities [Member]
Derivative [Line Items]
Derivative Liability	2.8
Derivative Assets (Liabilities), at Fair Value, Net		0.1
Other Current Liabilities [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Liability	2.8	0.1
Other Current Liabilities [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Liability	$ 0	$ 0

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - Cash Flow Hedging [Member] - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	1 Months Ended
	May 31, 2022	Mar. 31, 2024	Mar. 31, 2023
Interest Rate Swaption [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative amount received on termination of certain contracts	$ 56.4
Reduction in the asset value of the derivative due to termination	188.7
Reduction in the liability value of the derivative due to termination	131.3
Cash flow on termination of derivatives classified as operating activities	188.7
Payment towards derivative instruments classified as financing activities	134.5
Other payments derivative instruments	$ 3.2
Interest Rate Swaption [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Interest rate derivative liability			$ 6.8
Foreign Exchange Forward [Member]
Derivative [Line Items]
Foreign currency cash flow hedge to be reclassified the next twelve months		$ 1.5
Interest Rate Swap [Member]
Derivative [Line Items]
Interest rate cash flow hedge to be reclassified during the next twelve months		$ 30.4

Additional Financial Informat_3

Additional Financial Information - Additional Information (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jul. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Additional Financial Information [Line Items]
Accounts receivable, net		$ 688.6	$ 527
Proceeds from Accounts Receivable Securitization	$ 100
Employee Related Liabilities Current And Noncurrent		116.2	102.8
Interest Paid During the Year		196.9	137.7	$ 85
Income Taxes Paid During the Year		22.8	14.3	$ 13.9
Pooled Monetization Agreement [Member]
Additional Financial Information [Line Items]
Accounts receivable, net		0	52.3
Trade Accounts Receivable [Member]
Additional Financial Information [Line Items]
Accounts receivable, net		$ 449.2	$ 350.9

Additional Financial Informat_4

Additional Financial Information - Summary of Cash, Cash Equivalents and Restricted Cash (Detail) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Nov. 02, 2021	Mar. 31, 2021
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 437,163	$ 999,152		$ 117,696
Total cash, cash equivalents and restricted cash	437,163	999,152	$ 72,520	117,696		$ 0	$ 0
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	277,000,000		210,900,000
Restricted cash included in other current assets	43,700,000		27,500,000
Restricted cash included in other non-current assets	13,700,000		13,000,000
Total cash, cash equivalents and restricted cash	$ 334,400,000	$ 251,400,000	$ 251,400,000	$ 270,300,000	$ 389,000,000			$ 361,300,000

Additional Financial Informat_5

Additional Financial Information - Summary of the Receivables Transferred Under Individual Agreements or Purchases (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Accounts Receivables Transferred Under Individual Agreement [Line Items]
Carrying value of receivables transferred and derecognized	$ 512.3	$ 400.5	$ 285
Net cash proceeds received	491.9	383	278.3
Loss recorded related to transfers of receivables	$ 20.4	$ 17.5	$ 6.7

Additional Financial Informat_6

Additional Financial Information - Summary of the Receivables Transferred Under the Pooled Monetization Agreement (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Accounts Receivables Transferred Under Agreement [Line Items]
Gross cash proceeds received for receivables transferred and derecognized	$ 22.2	$ 167	$ 155.5
Less amounts from collections reinvested under revolving agreement	(9.1)	(94.3)	(102.7)
Proceeds from new transfers	13.1	72.7	52.8
Collections not reinvested and remitted or to be remitted	(13.4)	(66.6)	(46.8)
Net cash proceeds received (paid or to be paid)	(0.3)	6.1	6
Carrying value of receivables transferred and derecognized	22.1	164.8	154.5
Obligations recorded	2.1	5.9	2.9
Loss recorded related to transfers of receivables	$ 2	$ 3.7	$ 1.9

Additional Financial Informat_7

Additional Financial Information - Summary of the Receivables Transferred Under the Pooled Monetization Agreement (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Accounts Receivables Transferred Under Agreement [Line Items]
Receivables Repurchased during the Period	$ 46	$ 27.4	$ 25.5

Additional Financial Informat_8

Additional Financial Information - Summary of Composition of the Company's Other Assets (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Schedule Of Other Assets [Line Items]
Prepaid expenses and other	$ 34.8	$ 36
Restricted cash	43.7	27.5
Contract assets	59.9	63.5
Tax credits receivable	199.1	129.5
Other current assets	373.1	256.5
Prepaid expenses and other	18.3	7.4
Restricted cash	13.7	13
Accounts receivable	111.7	37.8
Contract assets	3.2	5.1
Tax credits receivable	361.7	341.8
Operating lease right-of-use assets	344.3	116.8
Interest rate swap assets	0	41.1
Other non-current assets	852.9	563
Interest rate swap assets	$ 35.6	$ 0

Additional Financial Informat_9

Additional Financial Information - Summary of Composition of the Company's Other Assets (Parenthetical) (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Schedule Of Other Assets [Line Items]
Unamortized discounts on Long Term Non Interest Bearing Receivables	$ 6.2	$ 3.5
Unamortized Discounts on Contract Assets	0.3	0.5
Contract assets	59.9	$ 63.5
E One Acquisition [Member]
Schedule Of Other Assets [Line Items]
Contract assets	$ 14.9

Additional Financial Informa_10

Additional Financial Information - Summary of Non Cash Investing Activities (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Cash Flow Supplemental [Line Items]
Accrued equity method investment	$ 0	$ 0	$ 19

Additional Financial Informa_11

Additional Financial Information - Summary of Changes in the Components of Accumulated Other Comprehensive Income Loss (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance Foreign currency translation adjustments	$ (41.1)	$ (38.9)	$ (34.3)
Other comprehensive loss	(1)	(2.2)	(4.6)
Reclassifications to net loss	0	0	0
Ending Balance Foreign currency translation adjustments	(42.1)	(41.1)	(38.9)
Beginning Balance Net unrealized gain (loss) on cash flow hedges	142.6	49.1	(68.1)
Other comprehensive loss	30.5	82.8	68.2
Reclassifications to net loss	(34.3)	10.7	49
Ending Balance Net unrealized gain (loss) on cash flow hedges	138.8	142.6	49.1
Beginning Balance Total	101.5	10.2	(102.4)
Other comprehensive loss	29.5	80.6	63.6
Reclassifications to net loss	(34.3)	10.7	49
Ending Balance Total	$ 96.7	$ 101.5	$ 10.2

Additional Financial Informa_12

Additional Financial Information - Summary of Changes in the Components of Accumulated Other Comprehensive Income Loss (Parenthetical) (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Additional Financial Information [Line Items]
Loss Included in Direct Operating Expense	$ 0.3	$ 0.3	$ 0.2
Loss included in Interest Expense		$ 10.4	$ 48.8
Gain included in Interest Expense	$ 34.6

Additional Financial Informa_13

Additional Financial Information - Summary of Supplemental Cash Flow Information Related to Leases (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Cash Flow Supplemental Disclosures Related To Leases [Line Items]
Operating cash flows for operating leases	$ 45.1	$ 40.3	$ 44.9
Operating leases	172.1	11.3	51.1
Operating leases—increase in right-of-use assets	103.6	17.4	30.9
Operating leases—increase in lease liability	$ 103.6	$ 17.4	$ 30.9

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)

2 Months Ended

3 Months Ended

12 Months Ended

Feb. 19, 2022

Dec. 13, 2021

Nov. 05, 2021

Dec. 31, 2021

Mar. 31, 2024

Mar. 31, 2023

Mar. 31, 2024

Dec. 31, 2023

Mar. 31, 2023

Dec. 31, 2022

Mar. 31, 2022

May 07, 2024

Related Party Transactions [Line Items]

Notes payable to related party current

$ 300,000

Working capital loans convertible into equity warrants

$ 1,500,000

Promissory Note Issued To The Sponsor [Member]

Related Party Transactions [Line Items]

Debt instrument face value

$ 300,000

Promissory Note Issued To The Sponsor [Member] | Subsequent Event [Member]

Related Party Transactions [Line Items]

Debt instrument face value

$ 2,000,000

Administrative Services Agreement [Member]

Related Party Transactions [Line Items]

Related party transaction expenses payable per month

$ 15,000

Accounts payable and accrued expenses

$ 15,000

$ 15,000

45,000

$ 45,000

Expenses from transactions with related party

0

$ 15,000

$ 45,000

$ 180,000

$ 180,000

Working Capital Loans [Member]

Related Party Transactions [Line Items]

Debt instrument conversion price per share

$ 1.5

Related Party [Member] | Affiliated Entity [Member]

Related Party Transactions [Line Items]

Due to affiliate current

$ 14,537

Common Class B [Member]

Related Party Transactions [Line Items]

Stock issued during the period shares for services

25,000

Stock issued durig the period value for services

$ 17,250,000

Common stock, shares, outstanding

18,750,000

17,250,000

18,750,000

18,750,000

18,750,000

18,750,000

Stock forfeited during the period shares

2,812,500

2,812,500

2,812,500

Percentage of common stock issued and outstanding

20%

20%

20%

Common stock shares lock in period

1 year

Share price

$ 12

Number of trading days for determining the share price

20 days

Total number of trading days for determining the share price

30 days

Common stock shares lock in period one

180 days

Common Class B [Member] | Founder Shares [Member]

Related Party Transactions [Line Items]

Common stock, shares, outstanding

21,562,500

Stock forfeited during the period shares

21,562,500

STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]

Related Party Transactions [Line Items]

Corporate expense allocation

$ 110,600,000

$ 100,900,000

$ 80,000,000

STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Ignite [Member]

Related Party Transactions [Line Items]

Payment made for distribution rights

$ 300,000

STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Ignite [Member] | Michael Burns [Member]

Related Party Transactions [Line Items]

Equity ownership percentage excluding consolidated entity and equity method investee

65.45%

65.45%

STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Ignite [Member] | Hardwick Simmons [Member]

Related Party Transactions [Line Items]

Equity ownership percentage excluding consolidated entity and equity method investee

24.24%

24.24%

Related Party Transactions - Su

Related Party Transactions - Summary of Net Transfers to and from Lionsgate (Detail) - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Related Party Transaction [Line Items]
Share-based compensation (including allocation of share-based compensation)	[1]	$ (62.5)	$ (73.4)	$ (70.2)
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Related Party Transaction [Line Items]
Cash pooling and general financing activities		(199.3)	36.1	(305.2)
Licensing of content	[2]	540	733.3	567.7
Corporate reimbursements		7	13.3	10.8
Corporate expense allocations (excluding allocation of share-based compensation)		27.9	22.3	19.3
Funding of purchases of accounts receivables held for collateral		(85.5)	(183.7)	(172.9)
Net transfers to (from) Parent per combined statements of cash flows		290.1	621.3	119.7
Share-based compensation (including allocation of share-based compensation)		(62.5)	(73.4)	(70.2)
Other non-cash transfer		11.9	2.5	0
Net transfers to (from) Parent per combined statements of equity (deficit)		$ 239.5	$ 550.4	$ 49.5
[1]Total share-based compensation expense in the years ended March 31, 2024, 2023 and 2022 includes $15.0 million, $26.7 million and $19.6 million, respectively, of corporate allocation of share-based compensation expense, representing the allocation of Lionsgate’s corporate employee share-based compensation expense.[2]Reflects the settlement of amounts due from the Starz Business related to the Company’s licensing arrangements with the Starz Business.

Related Party Transactions - _2

Related Party Transactions - Summary of Company's Combined Balance Sheets and Statements of Operations (Detail) - STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Combined Balance Sheets
Accounts receivable		$ 688.6	$ 527
Investment in films and television programs		1,929	1,786.7
Other assets, noncurrent		852.9	563
Accounts payable		246.7	251.1
Other accrued liabilities		282.4	215.4
Participations and residuals, current		647.8	524.4
Participations and residuals, noncurrent		435.1	329.6
Other liabilities		452.5	120.9
Deferred revenue, current		170.6	126.2
Combined Statements of Operations
Revenues		2,986.4	3,083.8	$ 2,716.3
Direct operating expense		1,886.7	2,207.9	1,922.1
Distribution and marketing expense		462.3	304.2	315.2
Interest and other income		19.2	6.4	28
Related Party [Member]
Combined Balance Sheets
Accounts receivable		8.1	10.8
Investment in films and television programs	[1]	2.2	7.9
Other assets, noncurrent	[1]	0	45.8
Total due from related parties		10.3	64.5
Accounts payable	[2]	16.8	16.8
Other accrued liabilities	[1]	0	6.7
Participations and residuals, current		5.5	7.5
Participations and residuals, noncurrent		1.3	2
Other liabilities	[1]	0	41.4
Total due to related parties		23.7	74.4
Deferred revenue, current		0.1	0
Combined Statements of Operations
Revenues		3	4.8	3
Direct operating expense		5	8.3	6.5
Distribution and marketing expense		0.8	0.4	0.2
Interest and other income		$ 0	$ 0	$ 3
[1]As of March 31, 2023, the Company had certain operating leases related to a studio facility owned by an equity-method investee which was sold during the year ended March 31, 2024. Amounts related to these leases as of March 31, 2023 are included in the table above in investment in films and television programs, other assets—noncurrent, other accrued liabilities and other liabilities.[2]Amounts primarily represent production related advances due to certain of its equity method investees.

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)			12 Months Ended
	May 08, 2024 USD ($)	Apr. 24, 2024 USD ($) $ / shares	Mar. 31, 2024 USD ($) $ / shares	May 07, 2024 USD ($)	Apr. 11, 2024 USD ($) $ / shares shares	Apr. 09, 2024 USD ($) $ / shares shares	Jan. 03, 2024 USD ($)	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares	Nov. 05, 2021 USD ($)
Subsequent Event [Line Items]
Deferred Underwriting Fee Waived							$ 26,250,000
Assets Held-in-trust, Noncurrent			$ 804,228,813			$ 184,400,000		$ 794,750,266	$ 759,712,942
Temporary Equity, Aggregate Amount of Redemption Requirement						$ 620,800,000
Temporary Equity, Redemption Price Per Share | $ / shares			$ 10.72			$ 10.74		$ 10.6	$ 10.09
Temporary Equity, Shares Authorized | shares						57,824,777
Promissory Note Issued To The Sponsor [Member]
Subsequent Event [Line Items]
Debt instrument face value										$ 300,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Deferred Underwriting Fee Payable							26,250,000
Deferred Underwriting Fee Waived							$ 26,250,000
Aggregate Transaction Proceeds to Consummate Business Combination					$ 350,000,000
Common stock value subscribed					225,000,000
Assets Held-in-trust, Noncurrent						$ 184,400,000
Temporary Equity, Aggregate Amount of Redemption Requirement						$ 620,800,000
Temporary Equity, Redemption Price Per Share | $ / shares						$ 10.74
Temporary Equity, Shares Authorized | shares						57,824,777
Subsequent Event [Member] | Promissory Note Issued To The Sponsor [Member]
Subsequent Event [Line Items]
Debt instrument face value				$ 2,000,000
Subsequent Event [Member] | Accredited Investors [Member]
Subsequent Event [Line Items]
Common stock value subscribed					$ 175,000,000
Subsequent Event [Member] | Additional Subscription Agreement [Member]
Subsequent Event [Line Items]
Sale of stock issue price per share | $ / shares					$ 10.165
Common stock shares subscribed but not issued | shares					4,918,839
Common stock value subscribed					$ 50,000,000
Subsequent Event [Member] | Commitment Share [Member] | Share Purchase And Non Redemption Agreement [Member]
Subsequent Event [Line Items]
Sale of stock issue price per share | $ / shares		$ 0.0001
Stock split ratio		0.0526
Aggregate open market value of shares issued by the investors		$ 20,000,000
Subsequent Event [Member] | Maximum [Member]
Subsequent Event [Line Items]
Aggregate Transaction Proceeds to Consummate Business Combination					409,500,000
Subsequent Event [Member] | Minimum [Member]
Subsequent Event [Line Items]
Aggregate Transaction Proceeds to Consummate Business Combination					$ 350,000,000
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member]
Subsequent Event [Line Items]
Debt Instrument, Maturity Date			Apr. 15, 2029
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Proceeds From Reverse Recapitalization Transaction Received After Business Combination	$ 330,000,000
Proceeds From Reverse Recapitalization Transaction Receivable	$ 20,000,000
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Subsequent Event [Member] | Lionsgate Studios [Member] | SEAC [Member]
Subsequent Event [Line Items]
Subsidiary, Ownership Percentage, Parent	87.20%
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Subsequent Event [Member] | Screaming Eagle [Member] | Lionsgate Studios [Member] | SEAC [Member]
Subsequent Event [Line Items]
Subsidiary, Ownership Percentage, Noncontrolling Owner	12.80%
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Subsequent Event [Member] | Forecast [Member]
Subsequent Event [Line Items]
Proceeds from Issuance of private placement	$ 274,300,000
Proceeds From Reverse Recapitalization Transaction	350,000,000
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Subsequent Event [Member] | 5.500 Senior Notes [Member]
Subsequent Event [Line Items]
Debt instrument face value	$ 389,900,000
STUDIO BUSINESS OF LIONS GATE ENTERTAINMENT CORP [Member] | Subsequent Event [Member] | 5.500 Senior Notes [Member] | Senior Notes [Member]
Subsequent Event [Line Items]
Debt instrument, interest rate, stated percentage	5.50%
Debt Instrument, Maturity Date	Apr. 15, 2029
Debt Instrument, Interest Rate, Increase (Decrease)	6%
Long-Term Debt, Maturity Date	Apr. 15, 2030