Lionsgate Studios (LION) POS AM 15 Oct 24 Prospectus update (post-effective amendment) Financial data

Cover Page

Cover Page	3 Months Ended
	Jun. 30, 2024
Document Information [Line Items]
Document Type	POS AM
Amendment Flag	true
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 Incorporation, State or Country Code	A1
Entity Primary SIC Number	7812
Entity Tax Identification Number	00-0000000
Entity Address, Address Line One	250 Howe Street
Entity Address, Address Line Two	20th Floor
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V6C 3R8
Amendment Description	Explanatory Note This Post-Effective Amendment No. 1 (the “Amendment”) to the registration statement on Form S-1 (File No. 333-280132) (the “Registration Statement”) of Lionsgate Studios Corp. (the “Company”), is being filed pursuant to the undertakings in the Registration Statement to update and supplement the information contained in the Registration Statement, which was filed initially with the Securities and Exchange Commission (the “SEC”) on June 12, 2024 and declared effective on July 1, 2024 (the “Original Filing”). The Original Filing to which this Amendment relates covered the resale of up to 4,210,000 common shares, without par value, of the Company, which were issued to the selling stockholders named in this prospectus in private placements in connection with the Business Combination (as defined below) pursuant to the terms of the Business Combination Agreement (as defined below). This Amendment is being filed for the purposes of correcting a mathematical error in the combined statement of cash flows for the fiscal year ended March 31, 2022 in the prospectus included in the Original Filing. In addition, this Amendment updates the audited combined balance sheets of the Company as of March 31, 2024 and 2023 and the audited combined statements of operations and equity (deficit) of the Company for each of the three years in the period ended March 31, 2024 to reflect the retroactive application of the reverse recapitalization, as more fully described in Note 1 to the audited combined financial statements included in this Amendment, in all periods prior to the Business Combination (as defined below). No additional securities are being registered under this Amendment. All applicable registration fees were paid at the time of the Original Filing.
Business Contact
Document Information [Line Items]
Contact Personnel Name	Bruce Tobey
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

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
ASSETS
Cash and cash equivalents	$ 167.2	$ 277	$ 210.9
Accounts receivable, net	578	688.6	527
Due from Starz Business	64.4	33.4	157.6
Other current assets	373	373.1	256.5
Total current assets	1,182.6	1,372.1	1,152
Investment in films and television programs, net	2,345.6	1,929	1,786.7
Property and equipment, net	34.3	37.3	23.8
Investments	77.7	74.8	64.7
Intangible assets, net	24.4	25.7	26.9
Goodwill	812.1	811.2	795.6
Other assets	789.1	852.9	563
Total assets	5,265.8	5,103	4,412.7
LIABILITIES
Accounts payable	231.1	246.7	251.1
Content related payables	52.8	41.4	26.6
Other accrued liabilities	273.1	282.4	215.4
Participations and residuals	578.2	647.8	524.4
Film related obligations	1,612.1	1,393.1	923.7
Debt - short term portion	716.3	860.3	41.4
Deferred revenue	388.7	170.6	126.2
Total current liabilities	3,852.3	3,642.3	2,108.8
Debt	847.4	923	1,202.2
Participations and residuals	442.4	435.1	329.6
Film related obligations	356.5	544.9	1,016.4
Other liabilities	440.1	452.5	120.9
Deferred revenue	116.8	118.4	52
Deferred tax liabilities	13.3	13.7	18.1
Total liabilities	6,068.8	6,129.9	4,848
Commitments and contingencies
Redeemable noncontrolling interests	123	123.3	343.6
EQUITY (DEFICIT)
Common shares	289.3	0	0
Accumulated deficit	(1,339.2)	(1,249.1)	(881.9)
Accumulated other comprehensive income	89.1	96.7	101.5
Total Lionsgate Studios Corp shareholders' equity (deficit)	(960.8)	(1,152.4)	(780.4)
Noncontrolling interests	34.8	2.2	1.5
Total equity (deficit)	(926)	(1,150.2)	(778.9)
Total liabilities, redeemable noncontrolling interests and equity (deficit)	$ 5,265.8	$ 5,103	$ 4,412.7

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (in per share)	$ 0	$ 0	$ 0
Common stock, shares authorized (in shares)	Unlimited	Unlimited	Unlimited
Common stock, shares issued (in shares)	288.7	253.4	253.4

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Revenue	$ 588.4	$ 625	$ 2,986.4	$ 3,083.8	$ 2,716.3
Expenses:
Direct operating	355.8	362.1	1,886.7	2,207.9	1,922.1
Distribution and marketing	92.6	129.2	462.3	304.2	315.2
General and administration	92.1	88.4	349.2	387	342.7
Depreciation and amortization	4.6	4.2	15.6	17.9	18.1
Restructuring and other	27.7	4.1	132.9	27.2	6.3
Total expenses	572.8	588	2,846.7	2,944.2	2,604.4
Operating income	15.6	37	139.7	139.6	111.9
Interest expense	(58.6)	(49.9)	(222.5)	(162.6)	(115)
Interest and other income	5.1	2.2	19.2	6.4	28
Other expense	(1.4)	(3.8)	(20)	(21.2)	(8.6)
Loss on extinguishment of debt	(1)	0	(1.3)	(1.3)	(3.4)
Gain on investments, net			3.5	44	1.3
Equity interests income (loss)	0.9	(0.3)	8.7	0.5	(3)
Income tax provision	(5)	(6.6)	(34.2)	(14.3)	(17.3)
Net loss	(44.4)	(21.4)	(106.9)	(8.9)	(6.1)
Loss before income taxes	(39.4)	(14.8)	(72.7)	5.4	11.2
Less: Net loss attributable to noncontrolling interests	0.9	0.9	13.4	8.6	17.2
Net loss attributable to Lionsgate Studios Corp. shareholders	$ (43.5)	$ (20.5)	$ (93.5)	$ (0.3)	$ 11.1
Per share information attributable to Lionsgate Studios Corp. shareholders:
Basic net loss per common share (in USD per share)	$ (0.16)	$ (0.08)	$ (0.42)	$ 0	$ 0.04
Diluted net loss per common share (in USD per share)	$ (0.16)	$ (0.08)	$ (0.42)	$ 0	$ 0.04
Weighted average number of common shares outstanding:
Basic (in shares)	272.4	253.4	253.4	253.4	253.4
Diluted (in shares)	272.4	253.4	253.4	253.4	253.4
Nonrelated Party
Revenue	$ 484.6	$ 527.5	$ 2,440.5	$ 2,308.3	$ 2,068.1
Related Party
Revenue	$ 103.8	$ 97.5	$ 545.9	$ 775.5	$ 648.2

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Net loss	$ (44.4)	$ (21.4)	$ (106.9)	$ (8.9)	$ (6.1)
Foreign currency translation adjustments, net of tax	(3)	0.9	(1)	(2.2)	(4.6)
Net unrealized gain (loss) on cash flow hedges, net of tax	(4.6)	16.9	(3.8)	93.5	117.2
Comprehensive loss	(52)	(3.6)	(111.7)	82.4	106.5
Less: Comprehensive loss attributable to noncontrolling interests	0.9	0.9	13.4	8.6	17.2
Comprehensive loss attributable to Lionsgate Studios Corp. shareholders	$ (51.1)	$ (2.7)	$ (98.3)	$ 91	$ 123.7

UNAUDITED CONDENSED CONSOLIDA_5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) - USD ($) shares in Millions, $ in Millions	Total	Total Lionsgate Studios Corp. Equity (Deficit)	Common Shares	Accumulated Deficit	Parent Net Investment	Accumulated Other Comprehensive Income	Non-controlling Interests		Previously Reported	Previously Reported Total Lionsgate Studios Corp. Equity (Deficit)	Previously Reported Common Shares	Previously Reported Accumulated Deficit	Previously Reported Parent Net Investment	Previously Reported Accumulated Other Comprehensive Income	Previously Reported Non-controlling Interests		Retroactive application of recapitalization	Retroactive application of recapitalization Common Shares	Retroactive application of recapitalization Accumulated Deficit	Retroactive application of recapitalization Parent Net Investment
Beginning balance (in shares) at Mar. 31, 2021			253.4								0							253.4
Beginning balance at Mar. 31, 2021	$ (235.3)	$ (236.9)	$ 0	$ (134.5)	$ 0	$ (102.4)	$ 1.6	[1]	$ (235.3)	$ (236.9)	$ 0	$ 0	$ (134.5)	$ (102.4)	$ 1.6	[1]	$ 0		$ (134.5)	$ 134.5
Net loss	11.6	11.1		11.1			0.5	[1]
Net transfers to Parent	(49.5)	(49.5)		(49.5)
Noncontrolling interests	(0.3)						(0.3)	[1]
Redeemable noncontrolling interests adjustment to redemption value	(98.6)	(98.6)		(98.6)
Other comprehensive income (loss)	112.6	112.6				112.6
Ending balance (in shares) at Mar. 31, 2022			253.4
Ending balance at Mar. 31, 2022	(259.5)	(261.3)	$ 0	(271.5)	0	10.2	1.8	[1]
Net loss	0.3	(0.3)		(0.3)			0.6	[1]
Net transfers to Parent	(550.4)	(550.4)		(550.4)
Noncontrolling interests	(0.9)						(0.9)	[1]
Redeemable noncontrolling interests adjustment to redemption value	(59.7)	(59.7)		(59.7)
Other comprehensive income (loss)	91.3	91.3				91.3
Ending balance (in shares) at Mar. 31, 2023			253.4								0							253.4
Ending balance at Mar. 31, 2023	(778.9)	(780.4)	$ 0	(881.9)	0	101.5	1.5	[1],[2]	(778.9)	(780.4)	$ 0	0	(881.9)	101.5	1.5	[2]			(881.9)	881.9
Net loss	(20.2)	(20.5)		(20.5)			0.3	[2]
Net transfers to Parent	(131.2)	(131.2)		(131.2)
Redeemable noncontrolling interests adjustment to redemption value	(5.9)	(5.9)		(5.9)
Other comprehensive income (loss)	17.8	17.8				17.8
Ending balance (in shares) at Jun. 30, 2023			253.4
Ending balance at Jun. 30, 2023	(918.4)	(920.2)	$ 0	(1,039.5)	0	119.3	1.8	[2]
Beginning balance (in shares) at Mar. 31, 2023			253.4								0							253.4
Beginning balance at Mar. 31, 2023	(778.9)	(780.4)	$ 0	(881.9)	0	101.5	1.5	[1],[2]	(778.9)	(780.4)	$ 0	0	(881.9)	101.5	1.5	[2]			(881.9)	881.9
Net loss	(92)	(93.5)		(93.5)			1.5	[1]
Net transfers to Parent	(239.5)	(239.5)		(239.5)
Noncontrolling interests	(0.8)						(0.8)	[1]
Redeemable noncontrolling interests adjustment to redemption value	(34.2)	(34.2)		(34.2)
Other comprehensive income (loss)	(4.8)	(4.8)				(4.8)
Ending balance (in shares) at Mar. 31, 2024			253.4								0							253.4
Ending balance at Mar. 31, 2024	(1,150.2)	(1,152.4)	$ 0	(1,249.1)	0	96.7	2.2	[1],[2]	$ (1,150.2)	$ (1,152.4)	$ 0	$ 0	$ (1,249.1)	$ 96.7	$ 2.2	[2]			$ (1,249.1)	$ 1,249.1
Net loss	(43.9)	(43.5)		(43.5)			(0.4)	[2]
Net transfers to Parent	(46.4)	(46.4)		(46.4)
Noncontrolling interests	33						33	[2]
Redeemable noncontrolling interests adjustment to redemption value	(0.2)	(0.2)		(0.2)
Other comprehensive income (loss)	(7.6)	(7.6)				(7.6)
Share-based compensation, Lionsgate contribution post Separation	6.6	6.6	$ 6.6
Issuance of LG Studios Common Shares upon Business Combination and PIPE Investments, net of issuance costs (in shares)			35.3
Issuance of LG Studios Common Shares upon Business Combination and PIPE Investments, net of issuance costs	282.7	282.7	$ 282.7
Ending balance (in shares) at Jun. 30, 2024			288.7
Ending balance at Jun. 30, 2024	$ (926)	$ (960.8)	$ 289.3	$ (1,339.2)	$ 0	$ 89.1	$ 34.8	[2]
[1]Excludes redeemable noncontrolling interests, which are reflected in temporary equity (see Note 11).[2]Excludes redeemable noncontrolling interests, which are reflected in temporary equity (see Note 10).

UNAUDITED CONDENSED CONSOLIDA_6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Operating Activities:
Net loss	$ (44.4)	$ (21.4)	$ (106.9)	$ (8.9)	$ (6.1)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	4.6	4.2	15.6	17.9	18.1
Amortization of films and television programs	230.5	254.1	1,347.8	1,649.3	1,497.5
Non-cash charge from the modification of an equity award (see Note 11)			49.2	0	0
Content impairments			12.8	5.9	0
Other impairments	18	0
Amortization of debt financing costs and other non-cash interest	7.9	6	25.1	21.8	46.5
Non-cash share-based compensation	12.6	12.2	62.5	73.4	70.2
Other amortization	9.9	9.2	46	59.9	82.5
Loss on extinguishment of debt	1	0	1.3	1.3	3.4
Equity interests (income) loss	(0.9)	0.3	(8.7)	(0.5)	3
Gain on investments, net			(3.5)	(44)	(1.3)
Deferred income taxes	(0.4)	0.2	(4.4)	1.6	1.2
Changes in operating assets and liabilities:
Proceeds from the termination of interest rate swaps			0	188.7	0
Accounts receivable, net	167.7	82.5	84.9	(136.7)	(33)
Investment in films and television programs, net	(599.4)	(374.1)	(1,120.5)	(1,568.4)	(1,750.1)
Other assets	(11.1)	(1.2)	16.5	(44.9)	(207)
Accounts payable and accrued liabilities	(37)	(14.5)	(48.8)	57.4	(40.6)
Content related payables	6.7	(5.2)	(24.5)	(10.7)	4
Deferred revenue	212.1	38.2	3.2	(24.5)	(4.8)
Participations and residuals	(64.4)	(6.6)	26.8	138.3	(73.4)
Due from Starz Business	(31)	53.8	114.5	(30.8)	(45.1)
Net Cash Flows Provided By (Used In) Operating Activities	(117.6)	37.7	488.9	346.1	(435)
Investing Activities:
Purchase of eOne, net of cash acquired (see Note 2)			(331.1)	0	0
Proceeds from the sale of equity method and other investments			5.2	46.3	1.5
Distributions from equity method investees and other			0.8	1.9	7.2
Increase in loans receivable	0	(0.9)	(3.7)	0	(4.3)
Investment in equity method investees and other	(2)	0	(13.3)	(17.5)	(14)
Acquisition of assets (film library and related assets)	(35)	0	0	0	(161.4)
Purchases of accounts receivables held for collateral	0	(49.8)	(85.5)	(183.7)	(172.9)
Receipts of accounts receivables held for collateral	0	46.3	105.7	190.8	169.3
Capital expenditures	(4.1)	(1.4)	(9.9)	(6.5)	(6.1)
Net Cash Flows Used In Investing Activities	(41.1)	(5.8)	(331.8)	31.3	(180.7)
Financing Activities:
Settlement of financing component of interest rate swaps			0	(134.5)	(28.5)
Distributions to noncontrolling interest	(0.6)	0	(1.7)	(7.6)	(1.5)
Debt - borrowings, net of debt issuance and redemption costs	879.5	490	3,145	1,523	1,494.3
Debt - repurchases and repayments	(1,066.7)	(498.7)	(2,611.4)	(1,745.8)	(1,629.5)
Film related obligations - borrowings	583.2	507.7	1,820.8	1,584.7	1,083
Film related obligations - repayments	(557.9)	(340.9)	(1,942.9)	(956.5)	(272.6)
Purchase of noncontrolling interest	0	(0.6)	(194.6)	(36.5)	0
Parent net investment	(90.4)	(140.2)	(290.1)	(621.3)	(119.7)
Proceeds from Business Combination	294	0
Net Cash Flows Provided By Financing Activities	41.1	17.3	(74.9)	(394.5)	525.5
Net Change In Cash, Cash Equivalents and Restricted Cash	(117.6)	49.2	82.2	(17.1)	(90.2)
Foreign Exchange Effects on Cash, Cash Equivalents and Restricted Cash	(0.2)	(0.8)	0.8	(1.8)	(0.8)
Cash, Cash Equivalents and Restricted Cash - Beginning Of Period	334.4	251.4	251.4	270.3	361.3
Cash, Cash Equivalents and Restricted Cash - End Of Period	$ 216.6	$ 299.8	$ 334.4	$ 251.4	$ 270.3

Description of Business, Basis

Description of Business, Basis of Presentation and Significant Accounting Policies	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Description of Business, Basis of Presentation and Significant Accounting Policies	1. Description of Business, Basis of Presentation and Significant Accounting Policies Nature of Operations Lionsgate Studios Corp. (the “Company,” “Lionsgate Studios,” “we,” “us,” or “our”) is a subsidiary of Lions Gate Entertainment Corp. (“Lionsgate” or “Parent”) which encompasses the motion picture and television studio operations (collectively referred to as the “Studio Business”) of Lionsgate. 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 Separation and Business Combination On May 13, 2024, Lionsgate consummated the transactions contemplated by that certain business combination agreement (the “Business Combination Agreement”), with Screaming Eagle Acquisition Corp., a Cayman Islands exempted company (“SEAC”), SEAC II Corp., a Cayman Islands exempted company and a wholly-owned subsidiary of SEAC (“New SEAC”), LG Sirius Holdings ULC, a British Columbia unlimited liability company and a wholly-owned subsidiary of Lionsgate (“Studio HoldCo”), LG Orion Holdings ULC, a British Columbia unlimited liability company and wholly-owned subsidiary of Lionsgate (“StudioCo”), and other affiliates of SEAC. Pursuant to the terms and conditions of the Business Combination Agreement, the Studio Business was combined with SEAC through a series of transactions, including an amalgamation of StudioCo and New SEAC under a Canadian plan of arrangement (the “Business Combination”). In connection with the closing of the Business Combination, New SEAC changed its name to “Lionsgate Studios Corp.” and continues the existing business operations of the Studio Business of Lionsgate. The Company became a separate publicly traded company and its common shares, without par value (“LG Studios Common Shares”), commenced trading on Nasdaq under the symbol “LION” on May 14, 2024. In connection with and prior to the Business Combination, Lionsgate and StudioCo entered into a separation agreement pursuant to which the assets and liabilities of the Studio Business were transferred to StudioCo such that StudioCo held, directly or indirectly, all of the assets and liabilities of the Studio Business (the “Separation”). The Business Combination was accounted for as a reverse recapitalization in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”). Under this method of accounting, SEAC is treated as the acquired company and the Studio Business is treated as the acquirer for financial reporting purposes. Accordingly, for accounting purposes, the financial statements of Lionsgate Studios 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 LG Studios Common Shares for the historical net assets of SEAC, substantially consisting of cash held in the trust account, accompanied by a recapitalization of the Studio Business equity. The historical net assets were stated at fair value, which approximated historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination are those of the Studio Business. The Studio Business has been determined to be the accounting acquirer in the Business Combination because Lionsgate continues to hold a controlling financial interest. As a result of the Business Combination and additional private investments in public equities (“PIPE”) financing discussed in Note 2, former SEAC public shareholders and founders and new common equity financing investors own approximately 12.2% of LG Studios Common Shares. In addition to establishing the Studio Business as a standalone publicly-traded entity, the transaction resulted in approximately $330.0 million of gross proceeds to Lionsgate received as of June 30, 2024, including $254.3 million in PIPE financing. See Note 2 for additional information related to the Business Combination. Shortly after the closing of the Business Combination, approximately $299.0 million was used by the Company to pay down the Intercompany Note, see Note 7. Basis of Presentation Upon the effective date of the Separation, the Company’s financial statements are presented on a consolidated basis, as Lionsgate completed the contribution of the Studio Business on such date. The unaudited financial statements for all periods presented, including the historical results of the Company prior to the Separation, are now referred to as the “condensed consolidated financial statements”. For periods prior to the Separation, the Company operated as a segment of Lionsgate and not as a separate entity. The Company’s financial statements prior to the Separation were prepared on a carve-out carve-out carve-out For periods subsequent to the Separation, the accompanying unaudited condensed consolidated financial statements include the accounts of Lionsgate Studios and all of its majority-owned and controlled subsidiaries. The unaudited condensed consolidated financial statements have been prepared in accordance with U.S.GAAP for interim financial information and the instructions to quarterly report on Form 10-Q S-X. combined financial statements and related notes for the Certain amounts presented in prior periods have been reclassified to conform to the current period presentation. All revenues and costs as well as assets and liabilities directly associated with the business activity of the Studio Business were included in the accompanying unaudited condensed consolidated financial statements. Revenues and costs associated with the Studio Business were 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, prior to the separation, the Studio Business costs included an allocation of corporate general and administrative expense (inclusive of share-based compensation) which was 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 were generally specifically identifiable as costs of the Studio Business in the accounting records of Lionsgate and were included in the accompanying unaudited condensed consolidated financial statements in periods prior to the Separation. In connection with the Business Combination, on May 9, 2024, Lionsgate and StudioCo entered into a shared services and overhead sharing agreement (the “Shared Services Agreement”) which took effect upon the closing of the Business Combination. The Shared Services Agreement facilitates the allocation to the Company of all corporate general and administrative expenses of Lionsgate, except for an amount of $10.0 million to be allocated annually to the Starz Business of Lionsgate. The $10.0 million allocation of Lionsgate’s corporate general and administrative expenses to the Starz Business pursuant to the Shared Services Agreement is designed to reflect the portion of corporate expenses expended and reflective of the level of effort and costs incurred related to management oversight and services provided for the Starz Business post Separation with consideration of the anticipated separation of the Starz Business. The corporate general and administrative expenses that are allocated to the Company pursuant to the Shared Services Agreement include 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. In addition, the Separation Agreement and the Shared Services Agreement provide that officers, employees and directors of the Company will continue to receive awards of equity and equity-based compensation pursuant to the existing plans of Lionsgate. Such awards will be treated as a capital contribution by Lionsgate to the Company, with the associated stock based compensation expense for such awards allocated to the Company, see Note 13. For periods prior to the Separation, the unaudited condensed combined financial statements of the Studio Business included allocations of corporate general and administrative expenses (inclusive of share-based compensation) from Lionsgate related to the corporate and shared service functions historically provided by Lionsgate. These expenses were 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. Management believes the assumptions underlying these unaudited condensed consolidated financial statements, including the assumptions regarding the allocation of general and administrative expenses from Lionsgate to the Studio Business prior to the Separation, are reasonable. See Note 20 for further detail of the allocations included in the unaudited condensed consolidated financial statements. In connection with the Business Combination, the Company entered into certain intercompany note arrangements, which mirrored the terms and amounts outstanding under Lionsgate’s credit facilities as previously reflected in the historical financial statements of the Studio Business prior to the Separation, see Note 7. 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 unaudited condensed consolidated financial statements for periods prior to the Separation on a carve-out Recent Accounting Pronouncements Segment Reporting: Income Taxes:	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, which has been recast to accumulated deficit as described under Recapitalization 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 Recapitalization 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. Recapitalization On May 13, 2024, Lionsgate consummated the transactions contemplated by that certain business combination agreement (the “Business Combination Agreement”), with Screaming Eagle Acquisition Corp., a Cayman Islands exempted company (“SEAC”), SEAC II Corp., a Cayman Islands exempted company and a wholly-owned subsidiary of SEAC (“New SEAC”), LG Sirius Holdings ULC, a British Columbia unlimited liability company and a wholly-owned subsidiary of Lionsgate (“Studio HoldCo”), LG Orion Holdings ULC, a British Columbia unlimited liability company and wholly-owned subsidiary of Lionsgate (“StudioCo”), and other affiliates of SEAC. Pursuant to the terms and conditions of the Business Combination Agreement, the Studio Business was combined with SEAC through a series of transactions, including an amalgamation of StudioCo and New SEAC under a Canadian plan of arrangement (the “Business Combination”). In connection with the closing of the Business Combination, New SEAC changed its name to “Lionsgate Studios Corp.” and continues the existing business operations of the Studio Business of Lionsgate. The Company became a separate publicly traded company and its common shares, without par value (“LG Studios Common Shares”), commenced trading on Nasdaq under the symbol “LION” on May 14, 2024. In connection with and prior to the Business Combination, Lionsgate and StudioCo entered into a separation agreement pursuant to which the assets and liabilities of the Studio Business were transferred to StudioCo such that StudioCo held, directly or indirectly, all of the assets and liabilities of the Studio Business (the “Separation”). The Business Combination was accounted for as a reverse recapitalization in accordance with U.S GAAP. Under this method of accounting, SEAC is treated as the acquired company and the Studio Business is treated as the acquirer for financial reporting purposes. Accordingly, for accounting purposes, following the Business Combination, the financial statements of Lionsgate Studios 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 LG Studios Common Shares for the historical net assets of SEAC, substantially consisting of cash held in the trust account, accompanied by a recapitalization of the Studio Business equity. The historical net assets were stated at fair value, which approximated historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination are those of the Studio Business. To conform to the retroactive application of the reverse recapitalization, in all periods prior to the Business Combination, parent net investment transactions have been recast to accumulated deficit in the combined balance sheets and the combined statements of equity. The shares and net income (loss) per common share, in all periods prior to the Business Combination, are based on the 253.4 million shares issued to Lionsgate at the closing of the Business Combination. See Net Income (Loss) Per Share Restatement of Statement of Cash Flows for the year ended March 31, 2022 The Company is restating its combined statement of cash flows for the fiscal year ended March 31, 2022 to correct a mathematical error in the previously issued financial statements. The following presents a reconciliation of the impacted financial statement line items as previously reported to the restated amounts for the year ended March 31, 2022 in order to correct the error: As Previously Restatement As (Amounts in millions) Net Cash Flows Provided by Financing Activities $ 644.2 $ (118.7 ) $ 525.5 Net Change In Cash, Cash Equivalents and Restricted Cash $ 28.5 $ (118.7 ) $ (90.2 ) Cash, Cash Equivalents and Restricted Cash - End Of Period $ 389.0 $ (118.7 ) $ 270.3 There was no impact as a result of correcting this previous mathematical error on the combined balance sheets as of March 31, 2024 and 2023, the combined statements of operations for the three years in the period ended March 31, 2024, or on the combined statements of cash flow for the years ended March 31, 2024 and 2023. 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 estimates. 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 to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services or goods. Revenues do not include taxes collected from customers on behalf of taxing authorities such as sales tax and value-added tax. 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. The Company’s content licensing arrangements include fixed fee and minimum guarantee arrangements, and sales or usage based royalties. Fixed Fee or Minimum Guarantees: Sales or Usage Based Royalties: Revenues by Market or Product Line. • Theatrical. picture-by-picture the United States and through a sub-distributor • Home Entertainment. • Digital Media. (pay-per-view video-on-demand Digital Transaction Revenue Sharing Arrangements: 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. Payment terms vary by location and type of c stomer and the nature of the licensing arrangement. However, other than certain multi-year license arrangements; payments are generally due within 60 days after revenue is recognized. For certain multi-year licensing arrangements, primarily in the television, digital media, and international markets, payments may be due over a longer period. When the Company expects the period between fulfillment of its performance obligation and the receipt of payment to be greater than a year, a significant financing component is present. In these cases, such payments are discounted to present value based on a discount rate reflective of a separate financing transaction between the customer and the Company, at contract inception. The significant financing component is recorded as a reduction to revenue and accounts receivable initially, with such accounts receivable discount amortized to interest income over the period to receipt of payment. The Company does not assess contracts with deferred payments for significant financing components if, at contract inception, the Company expects the period between fulfillment of the performance obligation and subsequent payment to be one year or less. 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 $57.4 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- $40.5 million). Restricted cash is included within “other current assets” and “other non-current Investment in Films and Television Programs General. Recording Cost. Amortization. programs. Ultimate Revenue. revenue includes estimates over a period not to exceed ten years following the date of initial release of the motion picture. For an episodic television series, the period over which ultimate revenues are estimated cannot exceed ten years following the date of delivery of the first episode, or, if still in production, five years from the date of delivery of the most recent episode, if later. For titles included in acquired libraries, ultimate revenue includes estimates over a period not to exceed twenty years following the date of acquisition. 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 - 5 years Furniture and equipment 3 - 5 years 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 non-lease non-lease Operating Leases. non-current” non-current” rm. 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 leas es. 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: 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: net income (loss). Impairments of Investments: Company regularly reviews its investments for impairment, including when the carrying value of an investment exceeds its market value. If the Company determines that an investment has sustained an other-than-temporary decline in its value, the investment is written down to its fair value by a charge to earnings. Factors that are considered by the Company in determining whether an other-than-temporary decline in value has occurred include (i) the market value of the security in relation to its cost basis, (ii) the financial condition of the investee, and (iii) the Company’s intent and ability to retain the investment for a sufficient period of time to allow for recovery in the market value of the investment. 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 Identifiable intangible assets with finite lives are amortized to depreciation and amortization expense over their estimated useful lives, ranging from 5 to 15 years. Amortizable intangible assets are tested for impairment whenever events or changes in circumstances (triggering events) indicate that the carrying amount of the asset may not be recoverable. If a triggering event has occurred, an impairment analysis is required. The impairment test first requires a comparison of undiscounted future cash flows expected to be generated over the remaining useful life of an asset to the carrying value of the asset. The impairment test is performed at the lowest level of cash flows associated with the asset. If the carrying value of the asset exceeds the undiscounted future cash flows, the asset would not be deemed to be recoverable. Impairment would then be measured as the excess of the asset’s carrying value over its fair value, which would generally be estimated based on a discounted cash flow (“DCF”) model. The Company monitors its finite-lived intangible assets and changes in the underlying circumstances each reporting period for indicators of possible impairments or a change in the useful life or method of amortization of its finite-lived intangible assets. No such triggering events were identified during the years ended March 31, 2024 and 2023. Goodwill At 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 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’s annual goodwill impairment test for fiscal 2023, the Company performed a qualitative goodwill impairment assessment for all of its reporting units. The Company’s qualitative assessment considered the increase in the market price of the Company’s common shares from September 30, 2022, the recent performance of the Company’s reporting units, and updated forecasts of performance and cash flows, as well as the continuing micro and macroeconomic environment, and industry considerations, and determined that since the quantitative assessment performed in the quarter ended September 30, 2022, there were no events or circumstances that rise to a level that would more likely than not reduce the fair value of those reporting units below their carrying values; therefore, a quantitative goodwill impairment analysis was not required. Management will continue to monitor all of its reporting units for changes in the business environment that could impact the recoverability of goodwill in future periods. The recoverability of goodwill is dependent upon the continued growth of revenue and cash flows from the Company’s business activities. Examples of events or circumstances that could result in changes to the underlying key assumptions and judgments used in the Company’s goodwill impairment tests, and ultimately impact the estimated fair value of the Company’s reporting units may include the global economy; consumer consumption levels of the Company’s content; adverse macroeconomic conditions related to higher inflation and interest rates and currency rate fluctuations, and the impact on the global economy from wars, terrorism and multiple international conflicts, and future bank failures; volatility in the equity and debt markets which could result in higher weighted-average cost of capital; capital 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 pos

Business Combination

Business Combination	3 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Combination	2. Business Combination As discussed in Note 1, on May 13, 2024 (the “Closing Date”) the Company consummated the transactions contemplated by the Business Combination (the “Closing”). The following table presents the number of LG Studios Common Shares issued in connection with the Closing: Number of LG Studios Shares issued to SEAC public shareholders (1) 7,027,873 Shares issued to SEAC Sponsor and its permitted transferees (2) 2,010,000 Shares issued to PIPE Investors (3) 25,759,430 Additional shares issued (4) 448,127 Total shares issued in Business Combination and related transactions 35,245,430 Shares issued to Lionsgate (5) 253,435,794 Total Lionsgate Studios Common Shares following the Closing of the Business Combination 288,681,224 (1) Reflects 7,027,873 LG Studios Common Shares issued to holders of Class A ordinary shares of SEAC (the “SEAC Class A Ordinary Shares”) which were subject to possible redemption. This reflects the 75,000,000 SEAC Class A Ordinary Shares outstanding as of March 31, 2024, net of 67,972,127 SEAC Class A Ordinary Shares which were redeemed prior to the Closing for $730.1 million in aggregate at a weighted average redemption price of $10.745 per share. (2) Reflects 2,010,000 LG Studios Common Shares issued to Eagle Equity Partners V, LLC (the “SEAC Sponsor”) and its permitted transferees in connection with their SEAC Class A Ordinary Shares held after the conversion of their Class B ordinary shares of SEAC (the “SEAC Class B Ordinary Shares”) and repurchase of 16,740,000 SEAC Class B Ordinary Shares pursuant to the Sponsor Securities Repurchase, as described below, prior to the Business Combination. The number of LG Studios Common Shares issued excludes options issued in the Sponsor Securities Repurchase described below, for the purchase of 2,200,000 LG Studios Common Shares subject to certain vesting restrictions pursuant to the Sponsor Option Agreement described below. (3) Reflects 14,141,559 LG Studios Common Shares issued at a purchase price of $9.63 per share and 11,617,871 LG Studios Common Shares issued at a purchase price of $10.165 per share, to certain institutional and accredited investors (the “PIPE Investors”) pursuant to subscription agreements as described below. Amounts exclude 1,953,976 PIPE Shares for which Reduction Rights as described below were exercised. (4) Reflects 254,200 LG Studios Common Shares issued pursuant to share purchase and/or non-redemption “Non-Redemption (5) Reflects 253,435,794 LG Studios Common Shares issued to Lionsgate through a series of transactions, including an amalgamation of StudioCo and New SEAC, as consideration for the cancellation and exchange of each then issued and outstanding common share, without par value, of StudioCo. Under the recapitalization accounting, these shares are reflected as issued and outstanding as of the beginning of the earliest period presented in the unaudited condensed consolidated statements of equity (deficit). The following table presents and reconciles elements of the Business Combination and related transactions to the consolidated statement of cash flows and the consolidated statement of equity (deficit) for the three months ended June 30, 2024 (amounts in millions): Gross cash proceeds from SEAC trust account, net of redemptions (1) $ 75.7 Gross cash proceeds from PIPE Investment, net of Reduction Rights exercised (2) 254.3 Total gross cash proceeds 330.0 Less: SEAC warrant exchange payment (3) (12.5 ) Less: SEAC transaction costs (20.1 ) Less: Lionsgate Studios transaction costs (14.7 ) Net proceeds from the Business Combination and related equity issuances per the condensed consolidated statement of equity (deficit) 282.7 Add: Transaction costs accrued and not paid, net of transaction costs previously paid 11.3 Net cash proceeds from the Business Combination and related equity issuances per the condensed consolidated statement of cash flows $ 294.0 (1) Reflects the remaining $75.7 million in SEAC’s trust account, established at the consummation of SEAC’s initial public offering, after redemptions. As described above, 7,027,873 LG Studios Common Shares were issued to holders of SEAC Class A Ordinary Shares which were subject to possible redemption and not redeemed prior to the Closing. (2) Reflects the gross proceeds from the issuance of 25,759,430 LG Studios Common Shares to PIPE Investors, net of Reduction Rights exercised. (3) Prior to the Closing, each of the then issued and outstanding whole warrants of SEAC, sold as part of SEAC’s initial public offering (the “SEAC Public Warrants”) was automatically exchanged for $0.50 in cash pursuant to the terms of an amendment to the agreement governing the SEAC Public Warrants. As of the Closing, no SEAC Public Warrants were outstanding. PIPE Investment Concurrently with the execution of the Business Combination Agreement, SEAC, New SEAC and Lionsgate entered into subscription agreements with PIPE Investors (the “Initial Subscription Agreements”) pursuant to which PIPE Investors agreed to purchase from the Company an aggregate of 18,172,378 LG Studios Common Shares (the “Initial PIPE Shares”), at a purchase price of $9.63 per share, immediately following the Closing. Pursuant to the Initial Subscription Agreements, certain PIPE Investors elected to offset their commitment under their Initial Subscription Agreement (the “Reduction Right”) with respect to 1,953,976 PIPE Shares, which reduced the Initial PIPE Shares to 16,218,402 shares. PIPE Investors that exercised Reduction Rights were entitled to purchase from SEAC a fractional share of newly issued SEAC Class A Ordinary Shares at a nominal purchase price for every SEAC Class A Ordinary Share for which it exercised its Reduction Right, and resulted in 193,927 newly issued SEAC Class A Ordinary Shares being issued, ultimately 193,927 LG Studios Common Shares as reflected in the table above. Prior to the close of the Business Combination, SEAC, New SEAC and Lionsgate entered into additional subscription agreements with additional PIPE Investors pursuant to which such PIPE Investors agreed to purchase from the Company an aggregate of 11,617,871 LG Studios Common Shares at a purchase price of $10.165 per share, immediately following the Closing. The aggregate gross proceeds from the PIPE Investment received at the Closing was $254.3 million, which amount excludes an aggregate of approximately $20.0 million that remains due from a PIPE Investor that subscribed for 2,076,843 LG Studios Common Shares pursuant to the Initial Subscription Agreements and which shares, as of June 30, 2024, are pending issuance subject to receipt of such amount. Sponsor Option; Lions Gate Parent Issuance and Sponsor Issuance In connection with the Business Combination, SEAC repurchased 16,740,000 of the SEAC Class B Ordinary Shares, representing the SEAC Class B Ordinary Shares in excess of 1,800,000 held by SEAC Sponsor (the “Sponsor Securities Repurchase”), in exchange for an aggregate of $1.00 and 2,200,000 options of SEAC (the “SEAC Sponsor Options”) each of which entitled SEAC Sponsor to purchase one SEAC Class A Ordinary Share at $0.0001 per share, (the “Sponsor Option Agreement”). In connection with the Business Combination, the SEAC Sponsor Options ultimately became options to purchase LG Studios Common Shares pursuant to the terms of the Sponsor Option Agreement, see Note 13. After the repurchase of the SEAC Class B Ordinary Shares, there were 2,010,000 SEAC Class B Ordinary Shares outstanding (consisting of the 1,800,000 and 210,000 of SEAC Class B Ordinary Shares held by the SEAC Sponsor and the independent directors and advisors, respectively) which automatically converted into SEAC Class A Ordinary Shares and were exchanged for 2,010,000 LG Studios Common Shares as reflected in the table above. Non-Redemption In connection with the Business Combination, SEAC and New SEAC entered into non-redemption “Non-Redemption Non-Redemption non-redemption non-redemption Non-Redemption Intercompany Note Repayment Following the close of the Business Combination, the Company transferred the aggregate transaction proceeds less the SEAC warrant exchange payment and SEAC transaction expenses, in cash to Lionsgate in partial repayment of the Intercompany Note, see Note 7.

Acquisitions

Acquisitions	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Acquisitions	3. Acquisitions Acquired Library On June 5, 2024, the Company invested approximately $35.0 million for a 51% members’ interest in a newly formed limited liability company, CP LG Library Holdings, LLC (“CP LG”), with the Company designated as the managing member of CP LG. CP LG used the funds received from the Company, along with funds invested by the 49% member, to acquire a library of 46 films for approximately $68.6 million. Also on June 5, 2024, the Company entered into a distribution agreement with CP LG to distribute the titles in the acquired library. The purchase included the film library (of which $48.3 million of the purchase price was allocated to investment in film and television programs for the film library), accounts receivable and certain liabilities associated with the film library, most notably participations and residuals liabilities. The Company determined that CP LG is a variable interest entity (“VIE”) for which it is the primary beneficiary and is consolidated under the applicable accounting guidance as the Company has the power to direct the significant activities and the right to receive benefits and obligation to absorb losses of CP LG. The Company concluded that the acquired library and related assets and liabilities was not a business and therefore, accounted for the acquisition as an initial consolidation of a VIE that is not a business under the applicable accounting guidance. There was no gain or loss recognized upon initial consolidation of the VIE as the sum of the fair value of the consideration paid and noncontrolling interest equaled the fair value of the net assets on the acquisition date. See Note 10 for the noncontrolling interest recorded related to CP LG. As of June 30, 2024, the unaudited condensed consolidated balance sheet included assets and liabilities of CP LG totaling $79.8 million (which is primarily comprised of investment in film and television programs) and $11.2 million, respectively. The assets and liabilities of CP LG primarily consist of accounts receivable, investment in film and television programs, and participations and residuals. 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 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 approximately $385.1 million, and is subject to further adjustment based on final determination of purchase price adjustments, including for cash, debt, and working capital. 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 consolidated results from December 27, 2023. Allocation of Purchase Consideration. in addition to ensuring all other assets and liabilities have been identified and recorded. The Company has estimated the preliminary fair value of assets acquired and liabilities assumed based on information currently available and will continue to adjust those estimates as additional information pertaining to events or circumstances present at December 27, 2023 becomes available and final appraisals and analysis are completed. The Company will reflect measurement period adjustments, in the period in which the adjustments occur, and the Company will finalize its accounting for the acquisition within one year from December 27, 2023 (see Note 6 for measurement period adjustments recorded through June 30, 2024). A change in the fair value of the net assets may change the amount recognized to goodwill. If the final fair value estimates and tax adjustments related to the net assets acquired decrease from their preliminary estimates, the amount of goodwill will increase and if the final fair value estimates and tax adjustments related to the net assets acquired increase from their preliminary estimates, the amount of goodwill will decrease and may result in a gain on purchase. In addition, the final fair value estimates related to the net assets acquired could impact the amount of amortization expense recorded associated with amounts allocated to film and television programs and other intangible assets. The preliminary goodwill amount is reflected in the table below, and arises from the opportunity for strengthening our global distribution infrastructure and enhanced positioning for motion picture and television projects and selling opportunities. The goodwill will not be amortized for financial reporting purposes, and will not be deductible for federal tax purposes. The fair value measurements were primarily based on significant inputs that are not observable in the market, such as discounted cash flow (DCF) analyses, and thus represent Level 3 fair value measurements. The preliminary allocation of the purchase price to the assets acquired and liabilities assumed (including measurement period adjustments recorded through June 30, 2024, see Note 6), and a reconciliation to total consideration transferred is presented in the table below: (Amounts in millions) Cash and cash equivalents $ 54.1 Accounts receivable 294.6 Investment in films and television programs 371.8 Property and equipment 14.0 Intangible assets 4.0 Other assets (1) 171.8 Accounts payable and accrued liabilities (66.7 ) Content related payable (38.8 ) Participations and residuals (1) (199.6 ) Film related obligations (1) (105.8 ) Other liabilities and deferred revenue (1) (130.9 ) Preliminary fair value of net assets acquired 368.5 Goodwill 16.6 Preliminary purchase price consideration at June 30, 2024 $ 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 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. Three Months Ended 2023 (Amounts in millions) Revenues $ 767.4 Net loss attributable to Lionsgate Studios Corp. $ (311.1 ) The unaudited pro forma condensed consolidated 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 The results of operations of eOne were reflected beginning December 27, 2023, in the Motion Picture and Television Production reportable segments of the Company.	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 approximately $385.1 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 Company will reflect measurement period adjustments, in the period in which the adjustments occur, and the Company will finalize its accounting for the acquisition within one year from December 27, 2023 (see Note 6 for measurement period adjustments recorded through March 31, 2024). A change in the fair value of the net assets may change the amount recognized to goodwill. If the final fair value estimates and tax adjustments related to the net assets acquired decrease from their preliminary estimates, the amount of goodwill will increase and if the final fair value estimates and tax adjustments related to the net assets acquired increase from their preliminary estimates, the amount of goodwill will decrease and may result in a gain on purchase. In addition, the final fair value estimates related to the net assets acquired could impact the amount of amortization expense recorded associated with amounts allocated to film and television programs and other intangible assets. The preliminary goodwill amount is reflected in the table below, and arises from the opportunity for strengthening our global distribution infrastructure and enhanced positioning for motion picture and television projects and selling opportunities. The goodwill will not be amortized for financial reporting purposes, and will not be deductible for federal tax purposes. The fair value measurements were primarily based on significant inputs that are not observable in the market, such as discounted cash flow (DCF) analyses, and thus represent Level 3 fair value measurements. 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 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 The results of operations of eOne were reflected beginning December 27, 2023, in the Motion Picture and Television Production reportable segments of the Company. Spyglass. content partnership .

Investment in Films and Televis

Investment in Films and Television Programs	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Investment in Films and Television Programs	4. 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: June 30, March 31, (Amounts in millions) Investment in Films and Television Programs: Released, net of accumulated amortization $ 966.1 $ 992.2 Completed and not released 301.9 225.4 In progress 1,011.0 644.4 In development 66.6 67.0 Investment in films and television programs, net $ 2,345.6 $ 1,929.0 At June 30, 2024, acquired film and television libraries have remaining unamortized costs of $266.4 million, which are monetized individually and are being amortized on a straight-line basis or the individual-film-forecast method over a weighted average remaining period of approximately 13.0 years (March 31, 2024 - unamortized costs of $223.1 million). Amortization of investment in film and television programs was $230.5 million and $254.1 million for the three months ended June 30, 2024 and 2023, respectively, and was included in direct operating expense in the unaudited condensed consolidated statements of operations. Impairments. Three Months Ended 2024 2023 (Amounts in millions) Impairments by segment: Included in direct operating expen (1) Motion Picture $ 0.3 $ 0.2 (1) Impairments included in direct operating expense are included in the amortization expense amounts disclosed above.	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, March 31, (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 31, 2024, acquired film and television libraries have remaining unamortized costs of $223.1 million, which are monetized individually and are being amortized on a straight-line basis or the individual-film-forecast method over a weighted average remaining period of approximately 12.8 years (March 31, 2023 - unamortized costs of $132.8 million). Amortization of investment in film and television programs was $1,347.8 million, $1,649.3 million and $1,497.5 million for the years ended March 31, 2024, 2023 and 2022, respectively, and was included in direct operating expense in the combined statements of operations. The table below summarizes estimated future amortization expense for the Company’s investment in film and television programs as of March 31, 2024: Year Ending 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. Year Ended 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 informa tion.

Property and Equipment

Property and Equipment	12 Months Ended
	Mar. 31, 2024
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).

Investments

Investments	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Investments	5. Investments The Company’s investments consisted of the following: June 30, 2024 March 31, 2024 (Amounts in millions) Investments in equity method investees $ 71.3 $ 68.4 Other investments 6.4 6.4 $ 77.7 $ 74.8 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. 42. Other.	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
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-Lived Intangible Assets. 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 $5.3 million, $5.7 million and $5.7 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 $4.2 million, $2.5 million, $2.2 million, $2.2 million, and $2.1 million, respectively.

Goodwill

Goodwill	3 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	6. 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, 2024 $ 398.6 $ 412.6 $ 811.2 Measurement period adjustments (1) (3.9 ) 4.8 0.9 Balance as of June 30, 2024 $ 394.7 $ 417.4 $ 812.1 (1) Measurement period adjustments for the acquisition of eOne reflect an increase to goodwill of $0.9 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 a net decrease to accounts receivable of $4.2 million, net increases to content related payables of $3.4 million, and other liabilities of $0.4 million, partially offset by a net increase to other assets of $3.7 million and decreases to accrued liabilities of $1.1 million and participations and residuals of $2.3 million.

Debt

Debt	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Debt Instrument [Line Items]
Debt	7. Debt Total debt of the Company, excluding film related obligations, was as follows: June 30, 2024 March 31, 2024 (Amounts in millions) Intercompany Revolver $ 66.7 $ —  Intercompany Note: LGTV Revolver (1) 585.0 575.0 LGTV Term Loan A (1) 314.4 399.3 LGTV Term Loan B (1) 605.1 819.2 Total corporate debt 1,571.2 1,793.5 Unamortized debt issuance costs (7.5 ) (10.2 ) Total debt, net 1,563.7 1,783.3 Less current portion (716.3 ) (860.3 ) Non-current $ 847.4 $ 923.0 (1) As of March 31, 2024, amounts reflect the balances outstanding under Lionsgate’s Credit Agreement (including the revolving credit facility, term loan A and term loan B, together referred to as the “Lionsgate Senior Credit Facilities”) prior to the Company’s entry into the Intercompany Note with LGCH described below. Intercompany Note and Intercompany Revolver Intercompany Note. Pursuant to the Intercompany Note, LGTV is able to borrow up to $1.1 billion from LGCH on a revolving basis (the “LGTV Revolver”). LGTV also assumed balances of $399.3 million in term A loans (“LGTV Term Loan A”) and $819.2 million in term B loans (“LGTV Term Loan B” and together with the LGTV Revolver and the LGTV Term Loan A, the “LGTV Loans”). Assumed balances of the LGTV Term Loan A and LGTV Term Loan B reflected the outstanding balances of Lionsgate’s term loan A and term loan B under the credit and guarantee agreement dated December 8, 2016, as amended (the “Lionsgate Credit Agreement”). The terms of the Intercompany Note provide that the outstanding obligations and debt service requirements (principal and interest payments) of the Company remain substantially similar to the amounts and terms reflected in historical periods prior to the Separation. Intercompany Revolver LGTV Revolver Availability of Funds & Commitment Fee. Maturity Date: • LGTV Revolver & LGTV Term Loan A: • LGTV Term Loan B: Interest: • LGTV Revolver & LGTV Term Loan A: • LGTV Term Loan B: Required Principal Payments: • LGTV Term Loan A: • LGTV Term Loan B: The LGTV Term Loan A and LGTV Term Loan B also require mandatory prepayments in the event LGCH is required to make a mandatory repayment pursuant to the terms of the Lionsgate Credit Agreement. The Lionsgate Credit Agreement requires repayment in connection with certain asset sales, subject to certain significant exceptions. The LGTV Term Loan B is subject to additional mandatory repayment of its pro rata share (as determined by LGCH) from specified percentages of excess cash flow, as defined in the Lionsgate Credit Agreement. Optional Prepayment: • LGTV Revolver LGTV Term Loan A & LGTV Term Loan B: Guarantee and Security Matters. Covenants. requires the Company observe and perform each of the covenants set forth in the Lionsgate Credit Agreement which include, among other things and subject to certain significant exceptions, restrictions on the ability to declare or pay dividends, create liens, incur additional indebtedness, make investments, dispose of assets and merge or consolidate with any other person. In addition, a net first lien leverage maintenance covenant and an interest coverage ratio maintenance covenant apply to the Lionsgate Credit Agreement and are tested quarterly by Lionsgate. These covenants and ratios are applicable to and computed for the applicable entities pursuant to the Lionsgate Credit Agreement, which includes Lionsgate subsidiaries which are not part of the Company. As of June 30, 2024, the Company and Lionsgate were in compliance with all applicable covenants. Sale Transaction or Change of Control. Lionsgate Exchange Notes and Existing Notes: On May 8, 2024, LGCH1, an indirect, wholly-owned subsidiary of Lionsgate, which is not a consolidated subsidiary of Lionsgate Studios, issued $389.9 million aggregate principal amount of 5.5% senior notes due 2029 (the “Exchange Notes”) in exchange for an equivalent amount of Lionsgate’s existing 5.5% senior notes due 2029 (the “Existing Notes”). The Exchange Notes initially bear interest at 5.5% annually and mature April 15, 2029, with the interest rate increasing to 6.0% and the maturity date extending to April 15, 2030 effective upon Lionsgate’s completion of the separation of the Starz Business from the Studio Business. Lionsgate may redeem the Exchange Notes, in whole at any time, or in part from time to time, prior to or on and after the Separation Closing Date, as defined in the indenture governing the Exchange Notes, at certain specified redemption prices set forth in the indenture governing the Exchange Notes, plus accrued and unpaid interest, if any, to, but not including, the redemption date. The Exchange Notes and Existing Notes and related interest expense are not reflected in the Company’s unaudited condensed consolidated financial statements. The Company and certain of its subsidiaries are guarantors under the Exchange Notes and the Existing Notes. Upon completion of the separation of the Starz Business from the Studio Business, the Exchange Notes will become obligations of the Company and will be reflected in the Company’s financial statements at that time. The outstanding principal balance of the Exchange Notes and Existing Notes totaled $715.0 million at June 30, 2024 and March 31, 2024. As of June 30, 2024, Lionsgate was in compliance with all applicable covenants with respect to the Exchange Notes and the Existing Notes. Debt Transactions LGTV Term Loan A and LGTV Term Loan B Prepayment. In the quarter ended June 30, 2024, the Company used the proceeds from the Business Combination to prepay $84.9 million principal amount of the LGTV Term Loan A and $214.1 million of the LGTV Term Loan B, together with accrued and unpaid interest thereon. Loss on Extinguishment of Debt During the three months ended June 30, 2024 and 2023, the Company recorded a loss on extinguishment of debt related to the transactions described above as summarized in the table below.  Three Months Ended June 30,  2024 2023  (Amounts in millions)  Loss on Extinguishment of Debt: Term Loan A and Term Loan B repayment (1) $ (1.0 ) $ —  (1) See LGTV Term Loan A and LGTV Term Loan B Prepayment	7. Debt Total debt of the Company, excluding film related obligations, was as follows: March 31, 2024 March 31, 2023 (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 Date Year Ending March 31, Debt Type 2025 2026 2027 2028 2029 Thereafter Total (Amounts in millions) Revolving Credit Facility April 2026 $ —  $ —  $ 575.0 $ —  $ —  $ —  $ 575.0 Term Loan A April 2026 41.1 44.5 313.7 —  —  —  399.3 Term Loan B March 2025 819.2 —  —  —  —  —  819.2 $ 860.3 $ 44.5 $ 888.7 $ —  $ —  $ —  $ 1,793.5 Less aggregate unamortized debt issuance costs (10.2 ) $ 1,783.3 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: • 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. Loss on Extinguishment of Debt During the fiscal years ended March 31, 2024, 2023, and 2022, the Company recorded a loss on extinguishment of debt related to the transactions described above as summarized in the table below. 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: creditor-by-creditor • Fees paid to creditors and third-party costs: Term Loan A Credit Agreement Amendment on April 6, 2021. creditor-by-creditor • 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	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film Related Obligations	8. Film Related Obligations June 30, 2024 March 31, 2024 (Amounts in millions) Film related obligations: Production Loans $ 1,306.4 $ 1,292.2 Production Tax Credit Facility 260.0 260.0 Backlog Facility and Other 313.0 287.3 IP Credit Facility 100.6 109.9 Total film related obligations 1,980.0 1,949.4 Unamortized issuance costs (11.4 ) (11.4 ) Total film related obligations, net 1,968.6 1,938.0 Less current portion (1,612.1 ) (1,393.1 ) Total non-current $ 356.5 $ 544.9 Production Loans . Production Tax Credit Facility. non-recourse The maximum principal amount of the Production Tax Credit Facility is $260.0 million, subject to the amount of collateral available, which is based on specified percentages of amounts payable to the Company by governmental authorities pursuant to the tax incentive laws of certain eligible jurisdictions that arise from the 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 June 30, 2024, tax credit receivables amounting to $336.8 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 6.93% at June 30, 2024). The Production Tax Credit Facility matures on January 27, 2025. IP Credit Facility.  Cumulative Period From September 29,  Cumulative Minimum Payment Due Date (in millions) 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 7.77% at June 30, 2024). The IP Credit Facility matures on July 30, 2027. Backlog Facility and Other: Backlog Facility. Other. by the Company, and may be voluntarily repaid at any time without prepayment penalty fees. As of June 30, 2024, there was $138.0 million outstanding (March 31, 2024 - $112.3 million outstanding,) under the “other” loans, incurring SOFR-based interest at a weighted average rate of 6.84%, of which $67.9 million has a contractual repayment date in July 2025 and $70.1 million has a contractual repayment date in April 2027. As of June 30, 2024, accounts receivable amounting to $84.8 million and contracted receivables not yet reflected as accounts receivable on the balance sheet at June 30, 2024 amounting to $81.1 million represented collateral related to the “other” loans. Lionsgate Film Related Obligations The Company is a guarantor under certain film related obligations of the Starz Business of Lionsgate with an outstanding principal balance of $53.8 million and nil at June 30, 2024 and March 31, 2024, respectively, with maturity dates of August 2024.	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 31, 2024: Year Ending March 31, 2025 2026 2027 2028 2029 Thereafter Total (Amounts in millions) Production Loans $ 973.3 $ 318.9 $ — $ — $ — $ — $ 1,292.2 Production Tax Credit Facility (1) 260.0 — — — — — 260.0 Backlog Facility and Other (1) 118.8 24.1 — 144.4 — — 287.3 IP Credit Facility (2) 41.0 50.1 18.8 — — — 109.9 $ 1,393.1 $ 393.1 $ 18.8 $ 144.4 $ — $ — $ 1,949.4 Less unamortized issuance costs (11.4 ) $ 1,938.0 (1) The repayment dates are based on the projected future amount of collateral available under these facilities. Net advances and payments under these facilities can fluctuate depending on the amount of collateral available. (2) Repayment dates are based on the projected future cash flows generated from the exploitation of the rights, subject to a minimum guaranteed payment amount, as applicable (see further information below). Production Loans . Production Tax Credit Facility. non-recourse The maximum principal amount of the Production Tax Credit Facility is $260.0 million, subject to the amount of collateral available, which is based on specified percentages of amounts payable to the Company by governmental authorities pursuant to the tax incentive laws of certain eligible jurisdictions that arise from the 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. Cumulative Period From September 29, 2022 Through: Cumulative Minimum 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. amount of eligible collateral contributed to the facility. Advances under the Backlog Facility bear interest at a rate equal to Term SOFR plus 0.10% to 0.25% depending on the SOFR term (i.e., one, three or six months), plus an applicable margin amounting to 1.15% per annum. The applicable margin is subject to a potential increase to either 1.25% or 1.50% based on the weighted average credit quality rating of the collateral contributed to the facility (effective interest rate of 6.57% at March 31, 2024). The Backlog Facility revolving period ends on May 16, 2025, at which point cash collections from the underlying collateral is used to repay the facility. The facility maturity date is up to 2 years, 90 days after the revolving period ends, currently August 14, 2027. As of March 31, 2024, there was $175.0 million outstanding under the Backlog Facility, and there were no amounts available under the Backlog Facility (March 31, 2023 -$175.0 million outstanding). Other.

Leases

Leases	12 Months Ended
	Mar. 31, 2024
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 31, 2024 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
	Jun. 30, 2024	Mar. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements	9. 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 June 30, 2024 and March 31, 2024: June 30, 2024 March 31, 2024 Level 1 Level 2 Total Level 1 Level 2 Total (Amounts in millions) Assets: Interest rate swaps (see Note 18) $ —  $ 28.1 $ 28.1 $ —  $ 35.6 $ 35.6 Liabilities: Forward exchange contracts (see Note 18) —  (1.6 ) (1.6 ) —  (2.8 ) (2.8 ) The following table sets forth the carrying values and fair values of the Company’s outstanding debt and film related obligations at June 30, 2024 and March 31, 2024: June 30, 2024 March 31, 2024 (Amounts in millions) Carrying Value Fair Value (1) Carrying Fair Value (1) (Level 2) (Level 2) LGTV Term Loan A $ 312.6 $ 312.9 $ 396.6 $ 397.3 LGTV Term Loan B 603.9 604.3 816.9 818.1 Production Loans 1,301.3 1,306.4 1,286.2 1,292.2 Production Tax Credit Facility 259.1 260.0 258.7 260.0 Backlog Facility and Other 309.7 313.0 285.4 287.3 IP Credit Facility 98.5 100.6 107.6 109.9 (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, borrowings under the LGTV Revolver, Intercompany Revolver and borrowings under Lionsgate’s revolving credit facility prior to the Separation, if any. The carrying values of these financial	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 Value (1) Carrying Fair Value (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.

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Noncontrolling Interests	10. Noncontrolling Interests Redeemable Noncontrolling Interests Redeemable noncontrolling interests (included in temporary equity on the consolidated 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 retained earnings or accumulated deficit. The table below presents the reconciliation of changes in redeemable noncontrolling interests: Three Months Ended 2024 2023 (Amounts in millions) Beginning balance $ 123.3 $ 343.6 Net loss attributable to redeemable noncontrolling interests (0.5 ) (1.2 ) Adjustments to redemption value 0.3 6.0 Cash distributions (0.1 ) (0.6 ) Purchase of noncontrolling interest —  (0.6 ) Ending balance $ 123.0 $ 347.2 3 Arts Entertainment. 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, during the fourth quarter of fiscal 2024, approximately $93.2 million was reclassified from mezzanine equity to a liability, and is reflected in “other liabilities - non-current” The redeemable noncontrolling interest balance related to 3 Arts Entertainment reflects the fully vested equity portion of the noncontrolling interest, which remains classified as redeemable noncontrolling interest outside of shareholders’ equity on the Company’s consolidated 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 is being adjusted to its redemption value through accumulated deficit through the sale or purchase right date in January 2027. Subsequent to the January 2024 transactions noted above, changes in the carrying value of the redeemable noncontrolling interest are reflected in the calculation of basic and diluted net income or loss per common share attributable to Lionsgate Studios Corp. shareholders, if dilutive, or to the extent the adjustments represent recoveries of amounts previously reflected in the computation of basic and diluted net income or loss per common share attributable to Lionsgate Studios Corp. shareholders (see Note 12). The liability component of the noncontrolling interest is reflected at its estimated redemption value, with any changes in estimated redemption value recognized as a charge or benefit in general and administrative expense in the consolidated statements of operations over the vesting period (i.e., the period from January 2, 2024 to the sale or purchase right date in January 2027). Earned distributions continue to be accounted for as compensation since such amounts are allocated to the holders based on performance, and are being expensed within general and administrative expense as incurred. Pilgrim Media Group. Other. Other Noncontrolling Interests Other. In addition, the Company has other immaterial noncontrolling interests that are not redeemable.	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 accumulated deficit (as recast from parent net investment in connection with the reverse recapitalization, see Note 1). 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. 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. 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” 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 accumulated deficit (as recast from parent net investment in connection with the reverse recapitalization, see Note 1) through the sale or purchase right date in January 2027. The liability component of the noncontrolling interest, amounting to $93.2 million at March 31, 2024, will be reflected at its estimated redemption value, with any changes in estimated redemption value recognized as a charge or benefit in general and administrative expense in the combined statement of operations over the vesting period (i.e., the period from January 2, 2024 to the sale or purchase right date in January 2027). Earned distributions continue to be accounted for as compensation since such amounts are allocated based on performance, and are being expensed within general and administrative expense as incurred. 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 accumulated deficit (as recast from parent net investment in connection with the reverse recapitalization, see Note 1) 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	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Disaggregation of Revenue [Line Items]
Revenue	11. Revenue Revenue by Segment, Market or Product Line The table below presents revenues by segment, market or product line for the three months ended June 30, 2024 and 2023. The Motion Picture and Television Production segments include the revenues of eOne from the acquisition date of December 27, 2023 (see Note 3). Three Months Ended 2024 2023 (Amounts in millions) Revenue by Type: Motion Picture Theatrical $ 36.0 $ 65.9 Home Entertainment Digital Media 140.1 174.1 Packaged Media 9.2 25.9 Total Home Entertainment 149.3 200.0 Television 88.0 48.5 International 68.3 81.0 Other 5.7 11.1 Total Motion Picture revenues (1) 347.3 406.5 Three Months Ended 2024 2023 (Amounts in millions) Television Production Television 160.2 150.0 International 35.5 31.9 Home Entertainment Digital Media 18.9 11.8 Packaged Media 0.9 0.4 Total Home Entertainment 19.8 12.2 Other 25.6 24.4 Total Television Production revenues (2) 241.1 218.5 Total revenues $ 588.4 $ 625.0 (1) Total Motion Picture revenues for the three months ended June 30, 2024 and 2023 includes $64.2 million and $16.5 million, respectively, of revenues from licensing Motion Picture segment product to the Starz Business. (2) Total Television Production revenues for the three months ended June 30, 2024 and 2023 includes $39.6 million and $81.0 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 June 30, 2024 are as follows: Rest of Year Ending  Year Ending March 31,  2025 2026 2027 Thereafter Total (Amounts in millions) Remaining Performance Obligations $ 1,013.7 $ 661.2 $ 72.3 $ 57.1 $ 1,804.3 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 $89.3 million, including variable and fixed fee arrangements 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 the unaudited condensed consolidated balance sheets or Note 19 for accounts receivable, contract assets and deferred revenue balances at June 30, 2024 and March 31, 2024. 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 (1) June 30, (Amounts in millions) Provision for doubtful accounts $ 6.4 $ (0.4 ) $ 2.5 $ (0.2 ) $ 8.3 (1) Represents a measurement period adjustment to the provision for doubtful accounts acquired in the acquisition of eOne (see Note 3). Contract Assets. Deferred 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 Year Ended March 31, 2024 2023 2022 (Amounts in millions) 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. categories and current and future expected economic conditions. To assess collectability, the Company analyzes market trends, economic conditions, the aging of receivables and customer specific risks, and records a provision for estimated credit losses expected over the lifetime of the receivables in direct operating expense. 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. Deferred Revenue.

Net Loss Per Share

Net Loss Per Share	3 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	12. Net Loss Per Share Basic net loss per share is calculated based on the weighted average common shares outstanding for the period. Basic and diluted net loss per share for the three months ended June 30, 2024 and 2023 is presented below: Three Months Ended June 30, 2024 2023  (Amounts in millions, except per share  amounts) Basic and Diluted Net Loss Per Common Share: Numerator: Net loss attributable to Lionsgate Studios Corp. shareholders $ (43.5 ) $ (20.5 ) Accretion of redeemable noncontrolling interest (0.3 ) —  Net loss attributable to Lionsgate Studios Corp. shareholders after accretion of redeemable noncontrolling interest $ (43.8 ) $ (20.5 ) Denominator: Weighted average common shares outstanding 272.4 253.4 Basic and diluted net loss per common share $ (0.16 ) $ (0.08 ) For periods prior to the Separation, basic net loss per share and diluted net loss per share was calculated based on the 253.4 million shares issued to Lionsgate at the closing of the Business Combination. Additionally, for the three months ended June 30, 2024 and 2023, the outstanding common shares issuable presented below were excluded from diluted net loss per common share because they are contingently issuable upon certain vesting criteria that have not been met as of the reporting period. Three Months Ended 2024 2023 (Amounts in millions) SEAC Sponsor Options 2.2 —

Capital Stock

Capital Stock	3 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Capital Stock	13. Capital Stock (a) Common Shares The Company has an unlimited number of authorized shares following the closing of the Business Combination and at June 30, 2024. As of June 30, 2024, common shares reserved for future issuance include SEAC Sponsor Options described below. As of March 31, 2024 and prior to the Business Combination, the Company was wholly-owned by Lionsgate. (b) SEAC Sponsor Options In connection with the Business Combination, 2,200,000 SEAC Sponsor Options to receive LG Studios Common Shares pursuant to the Sponsor Option Agreement, as described in Note 2, were issued and have an exercise price of $0.0001 per share. The SEAC Sponsor Options will become exercisable (i) on or after the date on which the trading price of LG Studios Common Shares (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) equals or exceeds $16.05 per share or (ii) if a Change of Control (as defined in the Sponsor Option Agreement) occurs, subject to certain conditions. The SEAC Sponsor Options are not considered compensatory nor were they granted in exchange for a good or service. The SEAC Sponsor Options meet the requirements for equity classification because they are considered to be indexed to LG Studios Common Shares and are classified in shareholders’ equity. The Company has recorded the SEAC Sponsor Options to equity at closing of the Business Combination in connection with the reverse recapitalization accounting described at Note 2. (c) Lionsgate Share-based Compensation As described in Note 1, the Separation Agreement and the Shared Services Agreement provide that officers, employees and directors of the Company receive awards of equity and equity-based compensation pursuant to the existing equity incentive plan of Lionsgate, the Lions Gate Entertainment Corp. 2023 Performance Incentive Plan (the “2023 Lionsgate Plan”). Such awards will be treated as a capital contribution by Lionsgate to the Company, and the stock based compensation expenses for such awards will be allocated to the Company Prior to the Separation, the unaudited condensed consolidated financial statements included an allocation of share-based compensation expense attributable to corporate and shared service functions. 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 Company recognized the following share-based compensation expense during the three months ended June 30, 2024 and 2023: Three Months Ended 2024 2023 (Amounts in millions) Compensation Expense: Stock options $ 0.2 $ 0.5 Restricted share units and other share-based compensation 8.0 7.4 Share appreciation rights 0.2 0.1 Total Lionsgate Studios employee share-based compensation expense 8.4 8.0 Corporate allocation of share-based compensation 4.2 3.7 12.6 11.7 Impact of accelerated vesting on equity awards (1) —  0.5 Total share-based compensation expense $ 12.6 $ 12.2 (1) Represents the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements prior to the Separation. Share-based compensation expense, by expense category, consisted of the following: Three Months Ended 2024 2023 (Amounts in millions) Share-Based Compensation Expense: General and administration $ 12.6 $ 11.7 Restructuring and other —  0.5 $ 12.6 $ 12.2 The following table sets forth the stock option, share appreciation rights (“SARs”), restricted stock and restricted share unit activity at Lionsgate for grants related directly to the Company employees and Lionsgate corporate and shared service employees during the three months ended June 30, 2024: Stock Options and SARs Restricted Stock and Restricted Share Units Lions Gate Class A Lions Gate Class B Non-Voting Lions Gate Class A Lions Gate Class B Non-Voting Number Weighted -Average Number Weighted -Average Number Weighted- Number Weighted- (Number of shares in millions) Outstanding at March 31, 2024 2.4 $ 22.96 17.1 $ 13.92 0.1 $ 9.27 9.8 $ 8.93 Granted —  —  —  —  —  —  0.2 $ 7.95 Options exercised or restricted stock or RSUs vested —  —  —  (1) $ 7.13 —  —  (0.6 ) $ 9.17 Forfeited or expired —  (1) $ 11.71 (2.0 ) $ 14.55 —  —  (0.1 ) $ 8.73 Outstanding at June 30, 2024 2.4 $ 23.00 15.1 $ 13.84 0.1 $ 9.27 9.3 $ 8.70 (1) Represents less than 0.1 million shares.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Mar. 31, 2024
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 ten one three years 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 31, 2024, less than 0.1 million shares (2023 and 2022— less than 0.1 million shares) were cancelled to fund withholding tax obligations upon exercise of options. Restricted Share Units 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 Common Stock Weighted- Existing Class B 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, 2024 related to non-vested Total Unrecognized Compensation Cost Weighted Average Remaining Years (Amounts in millions) 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 million shares) were withheld upon the vesting of restricted share units and restricted stock. Lionsgate, and hence the Company, becomes entitled to an income tax deduction in an amount equal to the taxable income reported by the holders 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.

Income Taxes

Income Taxes	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Income Taxes	14. Income Taxes In connection with the Business Combination, on May 13, 2024, the Company and Lionsgate entered into a tax matters agreement (the “Tax Matters Agreement”) that governs the parties’ respective rights, responsibilities and obligations with respect to tax liabilities and benefits, tax attributes, certain indemnification rights with respect to tax matters, the preparation and filing of tax returns, the control of audits and other tax proceedings and other matters regarding taxes. For periods prior to the Business Combination (including the period from April 1, 2024, through May 13, 2024), income taxes were calculated on a separate tax return basis. The separate tax return method applies the accounting guidance for income taxes to the standalone financial statements as if the Company was a separate taxpayer and standalone enterprise. The Company’s U.S. operations, and certain of its non-U.S. Company. Management believes the assumptions supporting the Company’s allocation and presentation of income taxes on a separate tax return basis to be reasonable. For periods following the Business Combination (including the period from May 14, 2024, through June 30, 2024), income taxes were calculated by applying an estimated effective income tax rate to the Company’s ordinary income (loss), adjusted for the income tax effects of items that related discretely to the period, if any. The Company’s income tax expense for the three months ended June 30, 2024 and 2023 differed from the U.S. federal statutory corporate income tax rate of 21 to the	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 $251.6 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 $95.1 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 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	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
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 three months ended June 30, 2024 and 2023, the Company also incurred certain other unusual charges or benefits, which are included in direct operating expense in the consolidated 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 three months ended June 30, 2024 and 2023: Three Months Ended 2024 2023 (Amounts in millions) Restructuring and other: Other impairments (1) $ 18.0 $ —  Severance (2) Cash 3.0 2.0 Accelerated vesting on equity awards (see Note 13) —  0.5 Total severance costs 3.0 2.5 Transaction and other costs (3) 6.7 1.6 Total Restructuring and Other 27.7 4.1 Other unusual charges not included in restructuring and other or the Company’s operating segments: COVID-19 (4) (2.0 ) 0.1 Unallocated rent cost included in direct operating expense (5) 5.2 —  Total restructuring and other and other unusual charges not included in restructuring and other $ 30.9 $ 4.2 (1) Amounts in the three months ended June 30, 2024 relate to impairments of certain operating lease right-of-use (2) Severance costs were primarily related to restructuring, acquisition integration activities and other cost-saving initiatives. (3) Transaction and other costs in the three months ended June 30, 2024 and 2023 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. (4) Amounts include incremental costs incurred, if any, due to circumstances associated with the COVID-19 (5) Amounts represent rent cost for production facilities that were unutilized as a result of the industry strikes, and therefore such amounts are not allocated to the segments. Changes in the restructuring and other severance liability were as follows for the three months ended June 30, 2024 and 2023: Three Months Ended 2024 2023 (Amounts in millions) Severance liability Beginning balance $ 19.3 $ 3.7 Accruals 3.0 2.0 Severance payments (8.2 ) (4.9 ) Ending balance (1) $ 14.1 $ 0.8 (1) As of June 30, 2024, the remaining severance liability of approximately $14.1 million is expected to be paid in the next 12 months.	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 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 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 (6) Amounts represent charges related to Russia’s invasion of Ukraine, primarily related to bad debt reserves for accounts receiva ble f Changes in the restructuring and other severance liability were as follows for the years ended March 31, 2024, 2023 and 2022: Year Ended 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	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
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 3). Three Months Ended 2024 2023 (Amounts in millions) Segment revenues Motion Picture $ 347.3 $ 406.5 Television Production 241.1 218.5 Total revenue $ 588.4 $ 625.0 Gross contribution Motion Picture $ 114.6 $ 98.6 Television Production 28.6 35.6 Total gross contribution 143.2 134.2 Segment general and administration Motion Picture 28.5 29.4 Television Production 17.9 12.7 Total segment general and administration 46.4 42.1 Segment profit Motion Picture 86.1 69.2 Television Production 10.7 22.9 Total segment profit $ 96.8 $ 92.1 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 loss before income taxes is as follows: Three Months Ended 2024 2023 (Amounts in millions) Company’s total segment profit $ 96.8 $ 92.1 Corporate general and administrative expenses (1) (31.0 ) (24.5 ) Adjusted depreciation and amortization (2) (3.6 ) (2.8 ) Restructuring and other (27.7 ) (4.1 ) COVID-19 (3) 2.0 (0.1 ) Content charges (4) —  (0.4 ) Unallocated rent cost included in direct operating expense (5) (5.2 ) —  Adjusted share-based compensation expense (6) (12.6 ) (11.7 ) Purchase accounting and related adjustments (7) (3.1 ) (11.5 ) Operating income 15.6 37.0 Interest expense (58.6 ) (49.9 ) Interest and other income 5.1 2.2 Other expense (1.4 ) (3.8 ) Loss on extinguishment of debt (1.0 ) —  Equity interests income (loss) 0.9 (0.3 ) Loss before income taxes $ (39.4 ) $ (14.8 ) (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 unaudited condensed consolidated statements of operations less the depreciation and amortization related to the non-cash Three Months Ended 2024 2023 (Amounts in millions) Depreciation and amortization $ 4.6 $ 4.2 Less: Amount included in purchase accounting and related adjustments (1.0 ) (1.4 ) Adjusted depreciation and amortization $ 3.6 $ 2.8 (3) Amounts represent the incremental costs, if any, included in direct operating expense resulting from circumstances associated with the COVID-19 (4) Content charges represent certain charges included in direct operating expense in the unaudited condensed consolidated statements of operations, and excluded from segment operating results. (5) Amounts represent rent cost for production facilities that were unutilized as a result of the industry strikes, and therefore such amounts are not allocated to the segments. (6) The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: Three Months Ended 2024 2023 (Amounts in millions) Total share-based compensation expense $ 12.6 $ 12.2 Less: Amount included in restructuring and other (i) —  (0.5 ) Adjusted share-based compensation $ 12.6 $ 11.7 (i) 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) The following sets forth the amounts included in each line item in the financial statements: Three Months Ended 2024 2023 (Amounts in millions) Purchase accounting and related adjustments: General and administrative expense (i) $ 2.1 $ 10.1 Depreciation and amortization 1.0 1.4 $ 3.1 $ 11.5 (i) These adjustments include the expense associated with the noncontrolling equity interests in the distributable earnings related to 3 Arts Entertainment, 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 interest in the distributable earnings of 3 Arts Entertainment are reflected as an expense rather than noncontrolling interest in the unaudited condensed consolidated statement of operations due to the relationship to continued employment. Three Months Ended 2024 2023 (Amounts in millions) Amortization of recoupable portion of the purchase price $ —  $ 1.3 Noncontrolling equity interest in distributable earnings 2.1 8.8 $ 2.1 $ 10.1 See Note 11 for revenues by media or product line as broken down by segment for the three months ended June 30, 2024 and 2023. The following table reconciles segment general and administration expense to the Company’s total consolidated general and administration expense: Three Months Ended 2024 2023 (Amounts in millions) General and administration Segment general and administrative expenses $ 46.4 $ 42.1 Corporate general and administrative expenses 31.0 24.5 Share-based compensation expense included in general and administrative expense 12.6 11.7 Purchase accounting and related adjustments 2.1 10.1 $ 92.1 $ 88.4 The reconciliation of total segment assets to the Company’s total consolidated assets is as follows: June 30, 2024 March 31, 2024 (Amounts in millions) Assets Motion Picture $ 2,051.2 $ 1,851.4 Television Production 2,419.3 2,347.8 Other unallocated assets (1) 795.3 903.8 $ 5,265.8 $ 5,103.0 (1) Other unallocated assets primarily consist of cash, other assets and investments.	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 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 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 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 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 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 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 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 (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 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 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 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 Picture and Television Production segments. 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)

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Contractual Obligation Fiscal Year Maturity Schedule [Line Items]
Commitments and Contingencies	17. 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 June 30, 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.	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 criter ia fo (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.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Derivative [Line Items]
Derivative Instruments and Hedging Activities	18. Derivative Instruments and Hedging Activities Forward Foreign Exchange Contracts The Company enters into forward foreign exchange contracts to hedge its foreign currency exposures on future production expenses and tax credit receivables denominated in various foreign currencies (i.e., cash flow hedges). The Company also enters into forward foreign exchange contracts that economically hedge certain of its foreign currency risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The Company monitors its positions with, and the credit quality of, the financial institutions that are party to its financial transactions. Changes in the fair value of the foreign exchange contracts that are designated as hedges are reflec ted i As of June 30, 2024, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 22 months from June 30, 2024): June 30, 2024 Foreign Currency Foreign Currency US Dollar Weighted Average (Amounts in (Amounts in British Pound Sterling 2.2 GBP in exchange for $ 2.9 0.78 GBP Czech Koruna 180.0 CZK in exchange for $ 7.7 23.29 CZK Euro 9.6 EUR in exchange for $ 9.2 0.96 EUR Canadian Dollar 9.8 CAD in exchange for $ 7.3 1.34 CAD Mexican Peso 18.7 MXN in exchange for $ 0.9 20.70 MXN Hungarian Forint 4,571.3 HUF in exchange for $ 12.6 370.84 HUF New Zealand Dollar 43.6 NZD in exchange for $ 26.7 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 consolidated statements of cash flows. In connection with the Separation, Business Combination and Intercompany Note described in Note 7, the Company assumed the rights, obligations, costs and benefits associated with and provided under the terms of Lionsgate’s floating-to-fixed Designated Cash Flow Hedges. pay-fixed 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 June 25, 2018 $ 200.0 2.723 % March 23, 2025 July 31, 2018 $ 300.0 2.885 % March 23, 2025 December 24, 2018 $ 50.0 2.744 % March 23, 2025 December 24, 2018 $ 100.0 2.808 % March 23, 2025 December 24, 2018 $ 50.0 2.728 % March 23, 2025 Total $ 1,700.0 Financial Statement Effect of Derivatives Unaudited condensed consolidated statements of operations and comprehensive income (loss): pre-tax Three Months Ended 2024 2023 (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts Gain (loss) recognized in accumulated other comprehensive income (loss) $ 0.2 $ (2.5 ) Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense $ (1.0 ) $ 0.4 Three Months Ended 2024 2023 (Amounts in millions) Interest rate swaps Gain recognized in accumulated other comprehensive income (loss) $ 3.5 $ 27.1 Gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense $ 10.9 $ 9.1 Derivatives not designated as cash flow hedges: Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) into interest expense $ (1.6 ) $ (1.9 ) Total direct operating expense on consolidated statements of operations $ 355.8 $ 362.1 Total interest expense on consolidated statements of operations $ 58.6 $ 49.9 Unaudited condensed consolidated balance sheets: As of June 30, 2024 and March 31, 2024, the Company had the following amounts recorded in the accompanying unaudited condensed consolidated balance sheets related to the Company’s use of derivatives: June 30, 2024 Other Current Other Accrued (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ —  $ 1.6 Interest rate swaps 28.1 —  Fair value of derivatives $ 28.1 $ 1.6 March 31, 2024 Other Current Other Accrued (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 As of June 30, 2024, based on the current release schedule, the Company estimates approximately $4.1 million of gains 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 June 30, 2024, the Company estimates approximately $31.1 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	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 its foreign currency exposures on future production expenses and tax credit As of March 31, 2024, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 25 months from March 31, 2024): March 31, 2024 Foreign Currency Foreign Currency US Dollar Weighted Average (Amounts in (Amounts in 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. pay-fixed 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 $56.4 million was classified in the combined statement of cash flows as cash provided by operating activities of $188.7 million reflecting the amount received for the derivative portion of the termination of swaps, and a use of cash in financing activities of $134.5 million reflecting the pay down of the financing component of the Terminated Swaps (inclusive of payments made between April 1, 2022 and the termination date amounting to $3.2 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 (loss) $ (5.8 ) $ 1.7 $ 1.7 Loss reclassified from accumulated other comprehensive income (loss) into direct operating expense (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 (loss) into interest expense 41.8 1.4 (15.0 ) Derivatives not designated as cash flow hedges: Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) into interest expense $ (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 derivati ves: March 31, 2024 Other Current Other Non- Current Assets Other Accrued (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 Current Other Non- Current Assets Other Accrued (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	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Additional Financial Information [Line Items]
Additional Financial Information	19. Additional Financial Information The following tables present supplemental information related to the unaudited condensed consolidated financial statements. Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the unaudited condensed consolidated balance sheets to the total amounts reported in the unaudited condensed consolidated statements of cash flows at June 30, 2024 and March 31, 2024. At June 30, 2024 and March 31, 2024, 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. June 30, 2024 March 31, 2024 (Amounts in millions) Cash and cash equivalents $ 167.2 $ 277.0 Restricted cash included in other current assets 36.6 43.7 Restricted cash included in other non-current 12.8 13.7 Total cash, cash equivalents and restricted cash $ 216.6 $ 334.4 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 unaudited condensed consolidated 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 three months ended June 30, 2024 and 2023. Individual Monetization Agreements. non-payment Three Months Ended 2024 2023 (Amounts in millions) Carrying value of receivables transferred and derecognized $ 107.4 $ 104.3 Net cash proceeds received 104.1 101.6 Loss recorded related to transfers of receivables 3.3 2.7 At June 30, 2024, the outstanding amount of receivables derecognized from the Company’s unaudited condensed consolidated balance sheets, but which the Company continues to service, related to the Company’s individual agreements to monetize trade accounts receivable was $408.0 million (March 31, 2024 - $449.2 million). Pooled Monetization Agreement. non-payment The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the three months ended June 30, 2023: Three Months Ended (Amounts in Gross cash proceeds received for receivables transferred and derecognized $ 5.8 Less amounts from collections reinvested under revolving agreement (2.9 ) Proceeds from new transfers 2.9 Collections not reinvested and remitted or to be remitted 0.5 Net cash proceeds received (paid or to be paid) $ 3.4 Carrying value of receivables transferred and derecognized (1) $ 5.8 Obligations recorded $ 1.1 Loss recorded related to transfers of receivables $ 1.0 (1) Receivables net of unamortized discounts on long-term, non-interest At June 30, 2024 and March 31, 2024, there were no outstanding receivables derecognized from the Company’s unaudited condensed consolidated balance sheet, for which the Company continues to service, related to the pooled monetization agreement. Other Assets The composition of the Company’s other assets is as follows as of June 30, 2024 and March 31, 2024: June 30, 2024 March 31, 2024 (Amounts in millions) Other current assets Prepaid expenses and other $ 35.8 $ 34.8 Restricted cash 36.6 43.7 Contract assets 54.1 59.9 Interest rate swap assets 28.1 35.6 Tax credits receivable 218.4 199.1 $ 373.0 $ 373.1 Other non-current Prepaid expenses and other $ 14.9 $ 18.3 Restricted cash 12.8 13.7 Accounts receivable 82.6 111.7 Contract assets 4.0 3.2 Tax credits receivable 356.5 361.7 Operating lease right-of-use 318.3 344.3 $ 789.1 $ 852.9 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 $109.7 million and $116.2 million at June 30, 2024 and March 31, 2024, respectively. Accumulated Other Comprehensive Income The following table summarizes the changes in the components of accumulated other comprehensive income, net of tax. During the three months ended June 30, 2024 and 2023, there was no income tax expense or benefit reflected in other comprehensive income due to the income tax impact being offset by changes in the Company’s deferred tax valuation allowance. Foreign currency Net unrealized gain Total (Amounts in millions) March 31, 2024 $ (42.1 ) $ 138.8 $ 96.7 Other comprehensive income (loss) (3.0 ) 3.7 0.7 Reclassifications to net loss (1) —  (8.3 ) (8.3 ) June 30, 2024 $ (45.1 ) $ 134.2 $ 89.1 March 31, 2023 $ (41.1 ) $ 142.6 $ 101.5 Other comprehensive income (loss) 0.9 24.5 25.4 Reclassifications to net loss (1) —  (7.6 ) (7.6 ) June 30, 2023 $ (40.2 ) $ 159.5 $ 119.3 (1) Represents a loss of $1.0 million included in direct operating expense and a gain of $9.3 million included in interest expense on the unaudited condensed consolidated statement of operations in the three months ended June 30, 2024 (three months ended June 30, 2023 - gain of $0.4 million included in direct operating expense and gain of $7.2 million included in interest expense) (see Note 18). Supplemental Cash Flow Information Significant non-cash Except for non-cash financing activity described in Note 20, there were no significant non-cash	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 Fac ility. March 31, March 31, (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 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 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 Year Ended 2024 2023 2022 (Amounts in millions) 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 c March 31, March 31, (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 $196.9 million (2023 — $137.7 million; 2022— $85.0 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 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 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
	Jun. 30, 2024	Mar. 31, 2024
Related Party Transaction [Line Items]
Related Party Transactions	20. Related Party Transactions In connection with the Separation and 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 prior to the Separation were settled through parent net investment at the time of the transaction: Lionsgate corporate general and administrative expenses: pursuant to the Shared Services Agreement. Prior to the Separation, during the three months ended June 30, 2024, $14.2 million of corporate expenses were allocated to the Company (three months ended June 30, 2023 - $24.5 million). These amounts exclude corporate expenses of $2.3 million (three months ended June 30, 2023- $5.8 million) that were allocated to Starz prior to the Separation. Share- based compensation: Prior to the Separation, Lionsgate provided share-based compensation related to the Studio Business employees and as part of its corporate expense allocations a proportionate amount of the share-based compensation related to those corporate functions is allocated to the Studio Business. Licensing of content to the Starz Business: Operating expense reimbursement: “Transactions with Lionsgate” Monetization of certain accounts receivables: Transactions with Lionsgate Prior to the Separation, Lionsgate utilized a centralized approach to cash management. Cash generated by the Studio Business was managed by Lionsgate’s centralized treasury function and cash was routinely transferred to the Company or to the Starz Business to fund operating activities when needed. Payables to and receivables from Lionsgate, primarily related to the Starz Business, were 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 were accounted for as parent net investment. Because of this centralized approach to cash management, financial transactions for cash movement and the settlement of payables and receivables when due with Lionsgate were generally accounted for through the parent net investment account. Settlements of amounts payable and receivable when due through the parent net investment account were reflected as cash payments or receipts for the applicable operating transaction within operating activities, with the net change in parent net investment included within financing activities in the unaudited condensed consolidated statements of cash flows. The net transfers to and from Lionsgate through the period prior to the Separation discussed above were as follows: Three Months Ended 2024 2023 (Amounts in millions) Cash pooling and general financing activities $ 92.1 $ 67.4 Licensing of content (1) 1.3 115.0 Corporate reimbursements (5.3 ) 1.3 Corporate expense allocations (excluding allocation of share-based compensation) 2.3 6.3 Funding of purchases of accounts receivables held for collateral —  (49.8 ) Net transfers to Parent per unaudited condensed consolidated statements of cash flows $ 90.4 $ 140.2 Share-based compensation (including allocation of share-based compensation) (6.0 ) (12.2 ) Other non-cash (2) (38.0 ) 3.2 Net transfers to Parent per unaudited condensed consolidated statements of equity (deficit) $ 46.4 $ 131.2 (1) Reflects the settlement of amounts due from the Starz Business related to the Company’s licensing arrangements with the Starz Business. (2) Includes a non-cash	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 accumulated deficit (as recast from parent net investment in connection with the reverse recapitalization, see Note 1). Settlements of amounts payable and receivable when due 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 transactions that otherwise would have been presented as a change in parent net investment prior to the recast to accumulated deficit in connection with the reverse recapitalization described in Note 1, 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 accumulated deficit (as recast from parent net investment in connection with the reverse recapitalization, see Note 1) at the time of the transaction: Licensing of content to the Starz Business: recapitalization, see Note 1). License fees receivable, not yet due from the Starz Business, are reflected in due from the Starz Business on the combined balance sheets. The consideration to which the Company is entitled under the license agreements with the Starz Business is included in revenue from contracts with customers and presented separately in the combined statement of operations (see Note 12). 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 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 Year Ended 2024 2023 2022 (Amounts in millions) 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 65.45% interest in Ignite, and Hardwick Simmons, a director of Lionsgate, owns a 24.24% interest in Ignite. During the year ended March 31, 2024, $0.3 million was paid to Ignite under these agreements (2023-$0.4 million). See Note 1 and Note 21 for a description of the Business Combination Agreement with SEAC. Harry E. Sloan, a director of Lionsgate, is also the Chairman of SEAC, and owns, directly or indirectly, a material interest in Eagle Equity Partners V, LLC, a Delaware limited liability company, the SEAC sponsor. Mr. Sloan recused himself from the decisions to approve the Business Combination made by both the board of directors of SEAC and Lionsgate. Transactions with Equity Method Investees Equity Method Investees. March 31,  2024   2023  (Amounts in millions) 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
	Jun. 30, 2024	Mar. 31, 2024
Subsequent Event [Line Items]
Subsequent Events	21. Subsequent Events eOne IP Credit Facility. repay the eOne IP Credit Facility subject to quarterly required principal payments of $8.5 million, beginning November 14, 2024, with the balance payable at maturity. Advances under the eOne IP Credit Facility bear interest at a rate equal to Term SOFR plus 2.25% per annum. The eOne IP Credit Facility matures on July 3, 2029. LG IP Credit Facility . 2025 The Company used the proceeds from the LG IP Credit Facility to prepay $355.1 million principal amount of the LGTV Term Loan B, together with accrued and unpaid interest thereon.	21. Subsequent Events 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 87.8% 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 12.2% of Lionsgate Studios. In addition to establishing the Studio Business as a standalone publicly-traded entity, the transaction resulted in approximately $330.0 million of gross proceeds to Lionsgate, including $254.3 million in private investments in public equities (“PIPE”) financing, which amount excludes an aggregate of approximately $20.0 million that remains due from a PIPE investor that subscribed for common shares and which shares, are pending issuance subject to receipt of such amount. 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 was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, SEAC was treated as the acquired company and the Studio Business was treated as the acquirer for financial reporting purposes. Accordingly, for accounting purposes, the financial statements of Lionsgate Studios 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 SEAC, substantially consisting of cash held in the trust account, accompanied by a recapitalization of the Studio Business. The Studio Business will continue to be a consolidated subsidiary of Lionsgate. See Note 1.

Description of Business, Basi_2

Description of Business, Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
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
Basis of Presentation	Basis of Presentation Upon the effective date of the Separation, the Company’s financial statements are presented on a consolidated basis, as Lionsgate completed the contribution of the Studio Business on such date. The unaudited financial statements for all periods presented, including the historical results of the Company prior to the Separation, are now referred to as the “condensed consolidated financial statements”. For periods prior to the Separation, the Company operated as a segment of Lionsgate and not as a separate entity. The Company’s financial statements prior to the Separation were prepared on a carve-out carve-out carve-out For periods subsequent to the Separation, the accompanying unaudited condensed consolidated financial statements include the accounts of Lionsgate Studios and all of its majority-owned and controlled subsidiaries. The unaudited condensed consolidated financial statements have been prepared in accordance with U.S.GAAP for interim financial information and the instructions to quarterly report on Form 10-Q S-X. combined financial statements and related notes for the Certain amounts presented in prior periods have been reclassified to conform to the current period presentation. All revenues and costs as well as assets and liabilities directly associated with the business activity of the Studio Business were included in the accompanying unaudited condensed consolidated financial statements. Revenues and costs associated with the Studio Business were 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, prior to the separation, the Studio Business costs included an allocation of corporate general and administrative expense (inclusive of share-based compensation) which was 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 were generally specifically identifiable as costs of the Studio Business in the accounting records of Lionsgate and were included in the accompanying unaudited condensed consolidated financial statements in periods prior to the Separation. In connection with the Business Combination, on May 9, 2024, Lionsgate and StudioCo entered into a shared services and overhead sharing agreement (the “Shared Services Agreement”) which took effect upon the closing of the Business Combination. The Shared Services Agreement facilitates the allocation to the Company of all corporate general and administrative expenses of Lionsgate, except for an amount of $10.0 million to be allocated annually to the Starz Business of Lionsgate. The $10.0 million allocation of Lionsgate’s corporate general and administrative expenses to the Starz Business pursuant to the Shared Services Agreement is designed to reflect the portion of corporate expenses expended and reflective of the level of effort and costs incurred related to management oversight and services provided for the Starz Business post Separation with consideration of the anticipated separation of the Starz Business. The corporate general and administrative expenses that are allocated to the Company pursuant to the Shared Services Agreement include 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. In addition, the Separation Agreement and the Shared Services Agreement provide that officers, employees and directors of the Company will continue to receive awards of equity and equity-based compensation pursuant to the existing plans of Lionsgate. Such awards will be treated as a capital contribution by Lionsgate to the Company, with the associated stock based compensation expense for such awards allocated to the Company, see Note 13. For periods prior to the Separation, the unaudited condensed combined financial statements of the Studio Business included allocations of corporate general and administrative expenses (inclusive of share-based compensation) from Lionsgate related to the corporate and shared service functions historically provided by Lionsgate. These expenses were 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. Management believes the assumptions underlying these unaudited condensed consolidated financial statements, including the assumptions regarding the allocation of general and administrative expenses from Lionsgate to the Studio Business prior to the Separation, are reasonable. See Note 20 for further detail of the allocations included in the unaudited condensed consolidated financial statements. In connection with the Business Combination, the Company entered into certain intercompany note arrangements, which mirrored the terms and amounts outstanding under Lionsgate’s credit facilities as previously reflected in the historical financial statements of the Studio Business prior to the Separation, see Note 7.	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, which has been recast to accumulated deficit as described under Recapitalization 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 Recapitalization 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.
Recapitalization		Recapitalization On May 13, 2024, Lionsgate consummated the transactions contemplated by that certain business combination agreement (the “Business Combination Agreement”), with Screaming Eagle Acquisition Corp., a Cayman Islands exempted company (“SEAC”), SEAC II Corp., a Cayman Islands exempted company and a wholly-owned subsidiary of SEAC (“New SEAC”), LG Sirius Holdings ULC, a British Columbia unlimited liability company and a wholly-owned subsidiary of Lionsgate (“Studio HoldCo”), LG Orion Holdings ULC, a British Columbia unlimited liability company and wholly-owned subsidiary of Lionsgate (“StudioCo”), and other affiliates of SEAC. Pursuant to the terms and conditions of the Business Combination Agreement, the Studio Business was combined with SEAC through a series of transactions, including an amalgamation of StudioCo and New SEAC under a Canadian plan of arrangement (the “Business Combination”). In connection with the closing of the Business Combination, New SEAC changed its name to “Lionsgate Studios Corp.” and continues the existing business operations of the Studio Business of Lionsgate. The Company became a separate publicly traded company and its common shares, without par value (“LG Studios Common Shares”), commenced trading on Nasdaq under the symbol “LION” on May 14, 2024. In connection with and prior to the Business Combination, Lionsgate and StudioCo entered into a separation agreement pursuant to which the assets and liabilities of the Studio Business were transferred to StudioCo such that StudioCo held, directly or indirectly, all of the assets and liabilities of the Studio Business (the “Separation”). The Business Combination was accounted for as a reverse recapitalization in accordance with U.S GAAP. Under this method of accounting, SEAC is treated as the acquired company and the Studio Business is treated as the acquirer for financial reporting purposes. Accordingly, for accounting purposes, following the Business Combination, the financial statements of Lionsgate Studios 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 LG Studios Common Shares for the historical net assets of SEAC, substantially consisting of cash held in the trust account, accompanied by a recapitalization of the Studio Business equity. The historical net assets were stated at fair value, which approximated historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination are those of the Studio Business. To conform to the retroactive application of the reverse recapitalization, in all periods prior to the Business Combination, parent net investment transactions have been recast to accumulated deficit in the combined balance sheets and the combined statements of equity. The shares and net income (loss) per common share, in all periods prior to the Business Combination, are based on the 253.4 million shares issued to Lionsgate at the closing of the Business Combination. See Net Income (Loss) Per Share
Restatement of Statement of Cash Flows for the year ended March 31, 2022		Restatement of Statement of Cash Flows for the year ended March 31, 2022 The Company is restating its combined statement of cash flows for the fiscal year ended March 31, 2022 to correct a mathematical error in the previously issued financial statements. The following presents a reconciliation of the impacted financial statement line items as previously reported to the restated amounts for the year ended March 31, 2022 in order to correct the error: As Previously Restatement As (Amounts in millions) Net Cash Flows Provided by Financing Activities $ 644.2 $ (118.7 ) $ 525.5 Net Change In Cash, Cash Equivalents and Restricted Cash $ 28.5 $ (118.7 ) $ (90.2 ) Cash, Cash Equivalents and Restricted Cash - End Of Period $ 389.0 $ (118.7 ) $ 270.3 There was no impact as a result of correcting this previous mathematical error on the combined balance sheets as of March 31, 2024 and 2023, the combined statements of operations for the three years in the period ended March 31, 2024, or on the combined statements of cash flow for the years ended March 31, 2024 and 2023.
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.
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 unaudited condensed consolidated financial statements for periods prior to the Separation on a carve-out	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 estimates.
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
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 to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services or goods. Revenues do not include taxes collected from customers on behalf of taxing authorities such as sales tax and value-added tax. 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		Licensing Arrangements. The Company’s content licensing arrangements include fixed fee and minimum guarantee arrangements, and sales or usage based royalties. Fixed Fee or Minimum Guarantees: Sales or Usage Based Royalties: Revenues by Market or Product Line. • Theatrical. picture-by-picture the United States and through a sub-distributor • Home Entertainment. • Digital Media. (pay-per-view video-on-demand Digital Transaction Revenue Sharing Arrangements: 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.
Accounts Receivable		Accounts Receivable. Payment terms vary by location and type of c stomer and the nature of the licensing arrangement. However, other than certain multi-year license arrangements; payments are generally due within 60 days after revenue is recognized. For certain multi-year licensing arrangements, primarily in the television, digital media, and international markets, payments may be due over a longer period. When the Company expects the period between fulfillment of its performance obligation and the receipt of payment to be greater than a year, a significant financing component is present. In these cases, such payments are discounted to present value based on a discount rate reflective of a separate financing transaction between the customer and the Company, at contract inception. The significant financing component is recorded as a reduction to revenue and accounts receivable initially, with such accounts receivable discount amortized to interest income over the period to receipt of payment. The Company does not assess contracts with deferred payments for significant financing components if, at contract inception, the Company expects the period between fulfillment of the performance obligation and subsequent payment to be one year or less.
Cash, Cash Equivalents and Restricted Cash		Cash and Cash Equivalents Cash and cash equivalents consist of cash deposits at financial institutions and investments in money market mutual funds.
Restricted Cash		Restricted Cash At March 31, 2024, the Company had restricted cash of $57.4 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- $40.5 million). Restricted cash is included within “other current assets” and “other non-current
Investment in Films and Television Programs		Investment in Films and Television Programs General. Recording Cost. Amortization. programs. Ultimate Revenue. revenue includes estimates over a period not to exceed ten years following the date of initial release of the motion picture. For an episodic television series, the period over which ultimate revenues are estimated cannot exceed ten years following the date of delivery of the first episode, or, if still in production, five years from the date of delivery of the most recent episode, if later. For titles included in acquired libraries, ultimate revenue includes estimates over a period not to exceed twenty years following the date of acquisition. 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 - 5 years Furniture and equipment 3 - 5 years 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 non-lease non-lease Operating Leases. non-current” non-current” rm. 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 leas es. 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.
Finite-Lived Intangible Assets		Finite-Lived Intangible Assets Identifiable intangible assets with finite lives are amortized to depreciation and amortization expense over their estimated useful lives, ranging from 5 to 15 years. Amortizable intangible assets are tested for impairment whenever events or changes in circumstances (triggering events) indicate that the carrying amount of the asset may not be recoverable. If a triggering event has occurred, an impairment analysis is required. The impairment test first requires a comparison of undiscounted future cash flows expected to be generated over the remaining useful life of an asset to the carrying value of the asset. The impairment test is performed at the lowest level of cash flows associated with the asset. If the carrying value of the asset exceeds the undiscounted future cash flows, the asset would not be deemed to be recoverable. Impairment would then be measured as the excess of the asset’s carrying value over its fair value, which would generally be estimated based on a discounted cash flow (“DCF”) model. The Company monitors its finite-lived intangible assets and changes in the underlying circumstances each reporting period for indicators of possible impairments or a change in the useful life or method of amortization of its finite-lived intangible assets. No such triggering events were identified during the years ended March 31, 2024 and 2023.
Goodwill		Goodwill At 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 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’s annual goodwill impairment test for fiscal 2023, the Company performed a qualitative goodwill impairment assessment for all of its reporting units. The Company’s qualitative assessment considered the increase in the market price of the Company’s common shares from September 30, 2022, the recent performance of the Company’s reporting units, and updated forecasts of performance and cash flows, as well as the continuing micro and macroeconomic environment, and industry considerations, and determined that since the quantitative assessment performed in the quarter ended September 30, 2022, there were no events or circumstances that rise to a level that would more likely than not reduce the fair value of those reporting units below their carrying values; therefore, a quantitative goodwill impairment analysis was not required. Management will continue to monitor all of its reporting units for changes in the business environment that could impact the recoverability of goodwill in future periods. The recoverability of goodwill is dependent upon the continued growth of revenue and cash flows from the Company’s business activities. Examples of events or circumstances that could result in changes to the underlying key assumptions and judgments used in the Company’s goodwill impairment tests, and ultimately impact the estimated fair value of the Company’s reporting units may include the global economy; consumer consumption levels of the Company’s content; adverse macroeconomic conditions related to higher inflation and interest rates and currency rate fluctuations, and the impact on the global economy from wars, terrorism and multiple international conflicts, and future bank failures; volatility in the equity and debt markets which could result in higher weighted-average cost of capital; capital 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.
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.
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 represents Lionsgate’s 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 have been considered as financing activities for purposes of the combined statements of cash flows. To conform to the retroactive application of the reverse recapitalization as described above, transactions historically presented as parent net investment have been recast to accumulated deficit in the combined balance sheets and the combined statements of equity.
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 accumulated deficit (as recast from parent net investment in connection with the reverse recapitalization, see Recapitalization 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.
Net Income (Loss) Per Share		Net Income (Loss) Per Share Basic net income (loss) per share is calculated based on the weighted average common shares outstanding for the period. Basic and diluted net income (loss) per share for the years ended March 31, 2024, 2023 and 2022 is presented below: Year Ending March 31,   2024     2023     2022   (Amounts in millions, except per share amounts) Basic and Diluted Net Income (Loss) per Common Share: Numerator: Net income (loss) attributable to Parent $ (93.5 ) $ (0.3 ) $ 11.1 Accretion of redeemable noncontrolling interest (11.9 ) —  —  Net income (loss) attributable to Parent after accretion of redeemable noncontrolling interest $ (105.4 ) $ (0.3 ) $ 11.1 Denominator: Weighted average common shares outstanding 253.4 253.4 253.4 Basic and diluted net loss per common share $ (0.42 ) $ (0.00 ) $ 0.04 Basic net income (loss) per share and diluted net income (loss) per share was calculated based on the 253.4 million shares issued to Lionsgate at the closing of the Business Combination. For the years ended March 31, 2024, 2023 and 2022, there were no outstanding common shares issuable.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Segment Reporting: Income Taxes:	Recent Accounting Pronouncements Segment Reporting: Income Taxes:
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: 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: net income (loss). Impairments of Investments: Company regularly reviews its investments for impairment, including when the carrying value of an investment exceeds its market value. If the Company determines that an investment has sustained an other-than-temporary decline in its value, the investment is written down to its fair value by a charge to earnings. Factors that are considered by the Company in determining whether an other-than-temporary decline in value has occurred include (i) the market value of the security in relation to its cost basis, (ii) the financial condition of the investee, and (iii) the Company’s intent and ability to retain the investment for a sufficient period of time to allow for recovery in the market value of the investment. 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.
Separation and Business Combination	Separation and Business Combination On May 13, 2024, Lionsgate consummated the transactions contemplated by that certain business combination agreement (the “Business Combination Agreement”), with Screaming Eagle Acquisition Corp., a Cayman Islands exempted company (“SEAC”), SEAC II Corp., a Cayman Islands exempted company and a wholly-owned subsidiary of SEAC (“New SEAC”), LG Sirius Holdings ULC, a British Columbia unlimited liability company and a wholly-owned subsidiary of Lionsgate (“Studio HoldCo”), LG Orion Holdings ULC, a British Columbia unlimited liability company and wholly-owned subsidiary of Lionsgate (“StudioCo”), and other affiliates of SEAC. Pursuant to the terms and conditions of the Business Combination Agreement, the Studio Business was combined with SEAC through a series of transactions, including an amalgamation of StudioCo and New SEAC under a Canadian plan of arrangement (the “Business Combination”). In connection with the closing of the Business Combination, New SEAC changed its name to “Lionsgate Studios Corp.” and continues the existing business operations of the Studio Business of Lionsgate. The Company became a separate publicly traded company and its common shares, without par value (“LG Studios Common Shares”), commenced trading on Nasdaq under the symbol “LION” on May 14, 2024. In connection with and prior to the Business Combination, Lionsgate and StudioCo entered into a separation agreement pursuant to which the assets and liabilities of the Studio Business were transferred to StudioCo such that StudioCo held, directly or indirectly, all of the assets and liabilities of the Studio Business (the “Separation”). The Business Combination was accounted for as a reverse recapitalization in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”). Under this method of accounting, SEAC is treated as the acquired company and the Studio Business is treated as the acquirer for financial reporting purposes. Accordingly, for accounting purposes, the financial statements of Lionsgate Studios 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 LG Studios Common Shares for the historical net assets of SEAC, substantially consisting of cash held in the trust account, accompanied by a recapitalization of the Studio Business equity. The historical net assets were stated at fair value, which approximated historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination are those of the Studio Business. The Studio Business has been determined to be the accounting acquirer in the Business Combination because Lionsgate continues to hold a controlling financial interest. As a result of the Business Combination and additional private investments in public equities (“PIPE”) financing discussed in Note 2, former SEAC public shareholders and founders and new common equity financing investors own approximately 12.2% of LG Studios Common Shares. In addition to establishing the Studio Business as a standalone publicly-traded entity, the transaction resulted in approximately $330.0 million of gross proceeds to Lionsgate received as of June 30, 2024, including $254.3 million in PIPE financing. See Note 2 for additional information related to the Business Combination. Shortly after the closing of the Business Combination, approximately $299.0 million was used by the Company to pay down the Intercompany Note, see Note 7.

Description of Business, Basi_3

Description of Business, Basis of Presentation and Significant Accounting Policies (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Accounting Policies [Line Items]
Schedule of Earnings Per Share, Basic and Diluted	Basic and diluted net loss per share for the three months ended June 30, 2024 and 2023 is presented below: Three Months Ended June 30, 2024 2023  (Amounts in millions, except per share  amounts) Basic and Diluted Net Loss Per Common Share: Numerator: Net loss attributable to Lionsgate Studios Corp. shareholders $ (43.5 ) $ (20.5 ) Accretion of redeemable noncontrolling interest (0.3 ) —  Net loss attributable to Lionsgate Studios Corp. shareholders after accretion of redeemable noncontrolling interest $ (43.8 ) $ (20.5 ) Denominator: Weighted average common shares outstanding 272.4 253.4 Basic and diluted net loss per common share $ (0.16 ) $ (0.08 )	Basic net income (loss) per share is calculated based on the weighted average common shares outstanding for the period. Basic and diluted net income (loss) per share for the years ended March 31, 2024, 2023 and 2022 is presented below: Year Ending March 31,   2024     2023     2022   (Amounts in millions, except per share amounts) Basic and Diluted Net Income (Loss) per Common Share: Numerator: Net income (loss) attributable to Parent $ (93.5 ) $ (0.3 ) $ 11.1 Accretion of redeemable noncontrolling interest (11.9 ) —  —  Net income (loss) attributable to Parent after accretion of redeemable noncontrolling interest $ (105.4 ) $ (0.3 ) $ 11.1 Denominator: Weighted average common shares outstanding 253.4 253.4 253.4 Basic and diluted net loss per common share $ (0.42 ) $ (0.00 ) $ 0.04
Schedule of reconciliation of the impacted financial statement		The following presents a reconciliation of the impacted financial statement line items as previously reported to the restated amounts for the year ended March 31, 2022 in order to correct the error: As Previously Restatement As (Amounts in millions) Net Cash Flows Provided by Financing Activities $ 644.2 $ (118.7 ) $ 525.5 Net Change In Cash, Cash Equivalents and Restricted Cash $ 28.5 $ (118.7 ) $ (90.2 ) Cash, Cash Equivalents and Restricted Cash - End Of Period $ 389.0 $ (118.7 ) $ 270.3
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 - 5 years Furniture and equipment 3 - 5 years Leasehold improvements Lease term or the useful life, whichever is shorter Land Not depreciated

Business Combination (Tables)

Business Combination (Tables)	3 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Reverse Recapitalization	The following table presents the number of LG Studios Common Shares issued in connection with the Closing: Number of LG Studios Shares issued to SEAC public shareholders (1) 7,027,873 Shares issued to SEAC Sponsor and its permitted transferees (2) 2,010,000 Shares issued to PIPE Investors (3) 25,759,430 Additional shares issued (4) 448,127 Total shares issued in Business Combination and related transactions 35,245,430 Shares issued to Lionsgate (5) 253,435,794 Total Lionsgate Studios Common Shares following the Closing of the Business Combination 288,681,224 (1) Reflects 7,027,873 LG Studios Common Shares issued to holders of Class A ordinary shares of SEAC (the “SEAC Class A Ordinary Shares”) which were subject to possible redemption. This reflects the 75,000,000 SEAC Class A Ordinary Shares outstanding as of March 31, 2024, net of 67,972,127 SEAC Class A Ordinary Shares which were redeemed prior to the Closing for $730.1 million in aggregate at a weighted average redemption price of $10.745 per share. (2) Reflects 2,010,000 LG Studios Common Shares issued to Eagle Equity Partners V, LLC (the “SEAC Sponsor”) and its permitted transferees in connection with their SEAC Class A Ordinary Shares held after the conversion of their Class B ordinary shares of SEAC (the “SEAC Class B Ordinary Shares”) and repurchase of 16,740,000 SEAC Class B Ordinary Shares pursuant to the Sponsor Securities Repurchase, as described below, prior to the Business Combination. The number of LG Studios Common Shares issued excludes options issued in the Sponsor Securities Repurchase described below, for the purchase of 2,200,000 LG Studios Common Shares subject to certain vesting restrictions pursuant to the Sponsor Option Agreement described below. (3) Reflects 14,141,559 LG Studios Common Shares issued at a purchase price of $9.63 per share and 11,617,871 LG Studios Common Shares issued at a purchase price of $10.165 per share, to certain institutional and accredited investors (the “PIPE Investors”) pursuant to subscription agreements as described below. Amounts exclude 1,953,976 PIPE Shares for which Reduction Rights as described below were exercised. (4) Reflects 254,200 LG Studios Common Shares issued pursuant to share purchase and/or non-redemption “Non-Redemption (5) Reflects 253,435,794 LG Studios Common Shares issued to Lionsgate through a series of transactions, including an amalgamation of StudioCo and New SEAC, as consideration for the cancellation and exchange of each then issued and outstanding common share, without par value, of StudioCo. Under the recapitalization accounting, these shares are reflected as issued and outstanding as of the beginning of the earliest period presented in the unaudited condensed consolidated statements of equity (deficit). The following table presents and reconciles elements of the Business Combination and related transactions to the consolidated statement of cash flows and the consolidated statement of equity (deficit) for the three months ended June 30, 2024 (amounts in millions): Gross cash proceeds from SEAC trust account, net of redemptions (1) $ 75.7 Gross cash proceeds from PIPE Investment, net of Reduction Rights exercised (2) 254.3 Total gross cash proceeds 330.0 Less: SEAC warrant exchange payment (3) (12.5 ) Less: SEAC transaction costs (20.1 ) Less: Lionsgate Studios transaction costs (14.7 ) Net proceeds from the Business Combination and related equity issuances per the condensed consolidated statement of equity (deficit) 282.7 Add: Transaction costs accrued and not paid, net of transaction costs previously paid 11.3 Net cash proceeds from the Business Combination and related equity issuances per the condensed consolidated statement of cash flows $ 294.0 (1) Reflects the remaining $75.7 million in SEAC’s trust account, established at the consummation of SEAC’s initial public offering, after redemptions. As described above, 7,027,873 LG Studios Common Shares were issued to holders of SEAC Class A Ordinary Shares which were subject to possible redemption and not redeemed prior to the Closing. (2) Reflects the gross proceeds from the issuance of 25,759,430 LG Studios Common Shares to PIPE Investors, net of Reduction Rights exercised. (3) Prior to the Closing, each of the then issued and outstanding whole warrants of SEAC, sold as part of SEAC’s initial public offering (the “SEAC Public Warrants”) was automatically exchanged for $0.50 in cash pursuant to the terms of an amendment to the agreement governing the SEAC Public Warrants. As of the Closing, no SEAC Public Warrants were outstanding.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Business Acquisition [Line Items]
Schedule of Business Acquisitions		The Company will reflect measurement period adjustments, in the period in which the adjustments occur, and the Company will finalize its accounting for the acquisition within one year from December 27, 2023 (see Note 6 for measurement period adjustments recorded through March 31, 2024). A change in the fair value of the net assets may change the amount recognized to goodwill. If the final fair value estimates and tax adjustments related to the net assets acquired decrease from their preliminary estimates, the amount of goodwill will increase and if the final fair value estimates and tax adjustments related to the net assets acquired increase from their preliminary estimates, the amount of goodwill will decrease and may result in a gain on purchase. In addition, the final fair value estimates related to the net assets acquired could impact the amount of amortization expense recorded associated with amounts allocated to film and television programs and other intangible assets. The preliminary goodwill amount is reflected in the table below, and arises from the opportunity for strengthening our global distribution infrastructure and enhanced positioning for motion picture and television projects and selling opportunities. The goodwill will not be amortized for financial reporting purposes, and will not be deductible for federal tax purposes. The fair value measurements were primarily based on significant inputs that are not observable in the market, such as discounted cash flow (DCF) analyses, and thus represent Level 3 fair value measurements. 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 Pro Forma Statement of Operations Information	The following unaudited pro forma condensed consolidated statement of operations information presented below illustrates the results of operations of the Company as if the acquisition of eOne as described above occurred on April 1, 2023. The unaudited pro forma condensed consolidated financial information is presented for informational purposes and is not indicative of the results of operations that would have been achieved if the acquisition had occurred on April 1, 2023, nor is it indicative of future results. The statement of operations information below includes the statement of operations of eOne for the three months ended June 30, 2023 combined with the Company’s statement of operations for the three months ended June 30, 2023. Three Months Ended 2023 (Amounts in millions) Revenues $ 767.4 Net loss attributable to Lionsgate Studios Corp. $ (311.1 )	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
Schedule of Purchase Price Allocation to Tangible and Intangible Assets Acquired and Liabilities Assumed	The preliminary allocation of the purchase price to the assets acquired and liabilities assumed (including measurement period adjustments recorded through June 30, 2024, see Note 6), and a reconciliation to total consideration transferred is presented in the table below: (Amounts in millions) Cash and cash equivalents $ 54.1 Accounts receivable 294.6 Investment in films and television programs 371.8 Property and equipment 14.0 Intangible assets 4.0 Other assets (1) 171.8 Accounts payable and accrued liabilities (66.7 ) Content related payable (38.8 ) Participations and residuals (1) (199.6 ) Film related obligations (1) (105.8 ) Other liabilities and deferred revenue (1) (130.9 ) Preliminary fair value of net assets acquired 368.5 Goodwill 16.6 Preliminary purchase price consideration at June 30, 2024 $ 385.1 (1) Includes current and non-current

Programming Content (Tables)

Programming Content (Tables)	12 Months Ended
	Mar. 31, 2024
Summary of Impairment in Investment in Films and Television Programs	Impairments. Year Ended 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.

Investment in Films and Telev_2

Investment in Films and Television Programs (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	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, March 31, (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.
Schedule of Estimated Future Amortization Expense of the Company in Film and Television Programs		The table below summarizes estimated future amortization expense for the Company’s investment in film and television programs as of March 31, 2024: Year Ending 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
Schedule of Capitalized Cost for Film, Monetized on its Own and Film, Monetized in Film Group	Total investment in films and television programs is as follows: June 30, March 31, (Amounts in millions) Investment in Films and Television Programs: Released, net of accumulated amortization $ 966.1 $ 992.2 Completed and not released 301.9 225.4 In progress 1,011.0 644.4 In development 66.6 67.0 Investment in films and television programs, net $ 2,345.6 $ 1,929.0
Schedule of Impairments by Segment	Investment in films and television programs includes write-downs to fair value, which are included in direct operating expense on the unaudited condensed consolidated statements of operations, and represented the following amounts by segment for the three months ended June 30, 2024 and 2023: Three Months Ended 2024 2023 (Amounts in millions) Impairments by segment: Included in direct operating expen (1) Motion Picture $ 0.3 $ 0.2 (1) Impairments included in direct operating expense are included in the amortization expense amounts disclosed above.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Mar. 31, 2024
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)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
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
Schedule of Carrying Amount of Investments, by Category	The Company’s investments consisted of the following: June 30, 2024 March 31, 2024 (Amounts in millions) Investments in equity method investees $ 71.3 $ 68.4 Other investments 6.4 6.4 $ 77.7 $ 74.8

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Summary of 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, 2024 $ 398.6 $ 412.6 $ 811.2 Measurement period adjustments (1) (3.9 ) 4.8 0.9 Balance as of June 30, 2024 $ 394.7 $ 417.4 $ 812.1 (1) Measurement period adjustments for the acquisition of eOne reflect an increase to goodwill of $0.9 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 a net decrease to accounts receivable of $4.2 million, net increases to content related payables of $3.4 million, and other liabilities of $0.4 million, partially offset by a net increase to other assets of $3.7 million and decreases to accrued liabilities of $1.1 million and participations and residuals of $2.3 million.	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-Lived Intangible Assets. 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 $5.3 million, $5.7 million and $5.7 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 $4.2 million, $2.5 million, $2.2 million, $2.2 million, and $2.1 million, respectively.

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of 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, 2024 $ 398.6 $ 412.6 $ 811.2 Measurement period adjustments (1) (3.9 ) 4.8 0.9 Balance as of June 30, 2024 $ 394.7 $ 417.4 $ 812.1 (1) Measurement period adjustments for the acquisition of eOne reflect an increase to goodwill of $0.9 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 a net decrease to accounts receivable of $4.2 million, net increases to content related payables of $3.4 million, and other liabilities of $0.4 million, partially offset by a net increase to other assets of $3.7 million and decreases to accrued liabilities of $1.1 million and participations and residuals of $2.3 million.	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.

Debt (Tables)

Debt (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Debt Instrument [Line Items]
Schedule of Debt	Total debt of the Company, excluding film related obligations, was as follows: June 30, 2024 March 31, 2024 (Amounts in millions) Intercompany Revolver $ 66.7 $ —  Intercompany Note: LGTV Revolver (1) 585.0 575.0 LGTV Term Loan A (1) 314.4 399.3 LGTV Term Loan B (1) 605.1 819.2 Total corporate debt 1,571.2 1,793.5 Unamortized debt issuance costs (7.5 ) (10.2 ) Total debt, net 1,563.7 1,783.3 Less current portion (716.3 ) (860.3 ) Non-current $ 847.4 $ 923.0 (1) As of March 31, 2024, amounts reflect the balances outstanding under Lionsgate’s Credit Agreement (including the revolving credit facility, term loan A and term loan B, together referred to as the “Lionsgate Senior Credit Facilities”) prior to the Company’s entry into the Intercompany Note with LGCH described below.	Total debt of the Company, excluding film related obligations, was as follows: March 31, 2024 March 31, 2023 (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 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,  Cumulative Minimum Payment Due Date (in millions) 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	The following table sets forth future annual contractual principal payment commitments of debt as of March 31, 2024: Maturity Date Year Ending March 31, Debt Type 2025 2026 2027 2028 2029 Thereafter Total (Amounts in millions) Revolving Credit Facility April 2026 $ —  $ —  $ 575.0 $ —  $ —  $ —  $ 575.0 Term Loan A April 2026 41.1 44.5 313.7 —  —  —  399.3 Term Loan B March 2025 819.2 —  —  —  —  —  819.2 $ 860.3 $ 44.5 $ 888.7 $ —  $ —  $ —  $ 1,793.5 Less aggregate unamortized debt issuance costs (10.2 ) $ 1,783.3
Schedule of Loss on Extinguishment of Debt	During the three months ended June 30, 2024 and 2023, the Company recorded a loss on extinguishment of debt related to the transactions described above as summarized in the table below.  Three Months Ended June 30,  2024 2023  (Amounts in millions)  Loss on Extinguishment of Debt: Term Loan A and Term Loan B repayment (1) $ (1.0 ) $ —  (1) See LGTV Term Loan A and LGTV Term Loan B Prepayment	Loss on Extinguishment of Debt During the fiscal years ended March 31, 2024, 2023, and 2022, the Company recorded a loss on extinguishment of debt related to the transactions described above as summarized in the table below. 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)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	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
Schedule of Cumulative Minimum Guaranteed Payments of IP Credit Facility	The cash flows generated from the exploitation of the rights will be applied to repay the IP Credit Facility subject to cumulative minimum guaranteed payment amounts as set forth below:  Cumulative Period From September 29,  Cumulative Minimum Payment Due Date (in millions) 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	The following table sets forth future annual contractual principal payment commitments of debt as of March 31, 2024: Maturity Date Year Ending March 31, Debt Type 2025 2026 2027 2028 2029 Thereafter Total (Amounts in millions) Revolving Credit Facility April 2026 $ —  $ —  $ 575.0 $ —  $ —  $ —  $ 575.0 Term Loan A April 2026 41.1 44.5 313.7 —  —  —  399.3 Term Loan B March 2025 819.2 —  —  —  —  —  819.2 $ 860.3 $ 44.5 $ 888.7 $ —  $ —  $ —  $ 1,793.5 Less aggregate unamortized debt issuance costs (10.2 ) $ 1,783.3
Summary of IP Credit Facility Subject To Cumulative Minimum Guaranteed Payment		The cash flows generated from the exploitation of the rights will be applied to repay the IP Credit Facility subject to cumulative minimum guaranteed payment amounts as set forth below: Cumulative Period From September 29, 2022 Through: Cumulative Minimum 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
Schedule of Components	June 30, 2024 March 31, 2024 (Amounts in millions) Film related obligations: Production Loans $ 1,306.4 $ 1,292.2 Production Tax Credit Facility 260.0 260.0 Backlog Facility and Other 313.0 287.3 IP Credit Facility 100.6 109.9 Total film related obligations 1,980.0 1,949.4 Unamortized issuance costs (11.4 ) (11.4 ) Total film related obligations, net 1,968.6 1,938.0 Less current portion (1,612.1 ) (1,393.1 ) Total non-current $ 356.5 $ 544.9
Film Related Obligations
Disclosure In Entirety Of Film Related Obligations [Line Items]
Schedule of Cumulative Minimum Guaranteed Payments of IP Credit Facility		The following table sets forth future annual repayment of film related obligations as of March 31, 2024: Year Ending March 31, 2025 2026 2027 2028 2029 Thereafter Total (Amounts in millions) Production Loans $ 973.3 $ 318.9 $ — $ — $ — $ — $ 1,292.2 Production Tax Credit Facility (1) 260.0 — — — — — 260.0 Backlog Facility and Other (1) 118.8 24.1 — 144.4 — — 287.3 IP Credit Facility (2) 41.0 50.1 18.8 — — — 109.9 $ 1,393.1 $ 393.1 $ 18.8 $ 144.4 $ — $ — $ 1,949.4 Less unamortized issuance costs (11.4 ) $ 1,938.0 (1) The repayment dates are based on the projected future amount of collateral available under these facilities. Net advances and payments under these facilities can fluctuate depending on the amount of collateral available. (2) Repayment dates are based on the projected future cash flows generated from the exploitation of the rights, subject to a minimum guaranteed payment amount, as applicable (see further information below).

Leases (Tables)

Leases (Tables)	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 31, 2024 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 (Tables

Fair Value Measurements (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Schedule 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 June 30, 2024 and March 31, 2024: June 30, 2024 March 31, 2024 Level 1 Level 2 Total Level 1 Level 2 Total (Amounts in millions) Assets: Interest rate swaps (see Note 18) $ —  $ 28.1 $ 28.1 $ —  $ 35.6 $ 35.6 Liabilities: Forward exchange contracts (see Note 18) —  (1.6 ) (1.6 ) —  (2.8 ) (2.8 )	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 Value (1) Carrying Fair Value (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).
Schedule of Carrying Values and Fair Values of Company's Outstanding Debt, Film Related Obligations, and Interest Rate Swaps	The following table sets forth the carrying values and fair values of the Company’s outstanding debt and film related obligations at June 30, 2024 and March 31, 2024: June 30, 2024 March 31, 2024 (Amounts in millions) Carrying Value Fair Value (1) Carrying Fair Value (1) (Level 2) (Level 2) LGTV Term Loan A $ 312.6 $ 312.9 $ 396.6 $ 397.3 LGTV Term Loan B 603.9 604.3 816.9 818.1 Production Loans 1,301.3 1,306.4 1,286.2 1,292.2 Production Tax Credit Facility 259.1 260.0 258.7 260.0 Backlog Facility and Other 309.7 313.0 285.4 287.3 IP Credit Facility 98.5 100.6 107.6 109.9 (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).

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Schedule of Redeemable Noncontrolling Interest	The table below presents the reconciliation of changes in redeemable noncontrolling interests: Three Months Ended 2024 2023 (Amounts in millions) Beginning balance $ 123.3 $ 343.6 Net loss attributable to redeemable noncontrolling interests (0.5 ) (1.2 ) Adjustments to redemption value 0.3 6.0 Cash distributions (0.1 ) (0.6 ) Purchase of noncontrolling interest —  (0.6 ) Ending balance $ 123.0 $ 347.2	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)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Disaggregation of Revenue [Line Items]
Schedule of Disaggregation of Revenue	The table below presents revenues by segment, market or product line for the three months ended June 30, 2024 and 2023. The Motion Picture and Television Production segments include the revenues of eOne from the acquisition date of December 27, 2023 (see Note 3). Three Months Ended 2024 2023 (Amounts in millions) Revenue by Type: Motion Picture Theatrical $ 36.0 $ 65.9 Home Entertainment Digital Media 140.1 174.1 Packaged Media 9.2 25.9 Total Home Entertainment 149.3 200.0 Television 88.0 48.5 International 68.3 81.0 Other 5.7 11.1 Total Motion Picture revenues (1) 347.3 406.5 Three Months Ended 2024 2023 (Amounts in millions) Television Production Television 160.2 150.0 International 35.5 31.9 Home Entertainment Digital Media 18.9 11.8 Packaged Media 0.9 0.4 Total Home Entertainment 19.8 12.2 Other 25.6 24.4 Total Television Production revenues (2) 241.1 218.5 Total revenues $ 588.4 $ 625.0 (1) Total Motion Picture revenues for the three months ended June 30, 2024 and 2023 includes $64.2 million and $16.5 million, respectively, of revenues from licensing Motion Picture segment product to the Starz Business. (2) Total Television Production revenues for the three months ended June 30, 2024 and 2023 includes $39.6 million and $81.0 million, respectively, of revenues from licensing Television Production segment product to the Starz Business.	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 Year Ended March 31, 2024 2023 2022 (Amounts in millions) 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.
Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at June 30, 2024 are as follows: Rest of Year Ending  Year Ending March 31,  2025 2026 2027 Thereafter Total (Amounts in millions) Remaining Performance Obligations $ 1,013.7 $ 661.2 $ 72.3 $ 57.1 $ 1,804.3	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
Schedule of Accounts Receivable, Provision for Doubtful Accounts	Changes in the provision for doubtful accounts consisted of the following: March 31, (Benefit) Other (1) Uncollectible written-off (1) June 30, (Amounts in millions) Provision for doubtful accounts $ 6.4 $ (0.4 ) $ 2.5 $ (0.2 ) $ 8.3 (1) Represents a measurement period adjustment to the provision for doubtful accounts acquired in the acquisition of eOne (see Note 3).	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.

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Loss Per Share	Basic and diluted net loss per share for the three months ended June 30, 2024 and 2023 is presented below: Three Months Ended June 30, 2024 2023  (Amounts in millions, except per share  amounts) Basic and Diluted Net Loss Per Common Share: Numerator: Net loss attributable to Lionsgate Studios Corp. shareholders $ (43.5 ) $ (20.5 ) Accretion of redeemable noncontrolling interest (0.3 ) —  Net loss attributable to Lionsgate Studios Corp. shareholders after accretion of redeemable noncontrolling interest $ (43.8 ) $ (20.5 ) Denominator: Weighted average common shares outstanding 272.4 253.4 Basic and diluted net loss per common share $ (0.16 ) $ (0.08 )	Basic net income (loss) per share is calculated based on the weighted average common shares outstanding for the period. Basic and diluted net income (loss) per share for the years ended March 31, 2024, 2023 and 2022 is presented below: Year Ending March 31,   2024     2023     2022   (Amounts in millions, except per share amounts) Basic and Diluted Net Income (Loss) per Common Share: Numerator: Net income (loss) attributable to Parent $ (93.5 ) $ (0.3 ) $ 11.1 Accretion of redeemable noncontrolling interest (11.9 ) —  —  Net income (loss) attributable to Parent after accretion of redeemable noncontrolling interest $ (105.4 ) $ (0.3 ) $ 11.1 Denominator: Weighted average common shares outstanding 253.4 253.4 253.4 Basic and diluted net loss per common share $ (0.42 ) $ (0.00 ) $ 0.04
Schedule of Anti-dilutive Shares Issuable	Additionally, for the three months ended June 30, 2024 and 2023, the outstanding common shares issuable presented below were excluded from diluted net loss per common share because they are contingently issuable upon certain vesting criteria that have not been met as of the reporting period. Three Months Ended 2024 2023 (Amounts in millions) SEAC Sponsor Options 2.2 —

Capital Stock (Tables)

Capital Stock (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-Based Compensation Expense	The Company recognized the following share-based compensation expense during the three months ended June 30, 2024 and 2023: Three Months Ended 2024 2023 (Amounts in millions) Compensation Expense: Stock options $ 0.2 $ 0.5 Restricted share units and other share-based compensation 8.0 7.4 Share appreciation rights 0.2 0.1 Total Lionsgate Studios employee share-based compensation expense 8.4 8.0 Corporate allocation of share-based compensation 4.2 3.7 12.6 11.7 Impact of accelerated vesting on equity awards (1) —  0.5 Total share-based compensation expense $ 12.6 $ 12.2 (1) Represents the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements prior to the Separation. Share-based compensation expense, by expense category, consisted of the following: Three Months Ended 2024 2023 (Amounts in millions) Share-Based Compensation Expense: General and administration $ 12.6 $ 11.7 Restructuring and other —  0.5 $ 12.6 $ 12.2	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.
Schedule of Stock Option, SARs, Restricted Stock and Restricted Share Unit Activity	The following table sets forth the stock option, share appreciation rights (“SARs”), restricted stock and restricted share unit activity at Lionsgate for grants related directly to the Company employees and Lionsgate corporate and shared service employees during the three months ended June 30, 2024: Stock Options and SARs Restricted Stock and Restricted Share Units Lions Gate Class A Lions Gate Class B Non-Voting Lions Gate Class A Lions Gate Class B Non-Voting Number Weighted -Average Number Weighted -Average Number Weighted- Number Weighted- (Number of shares in millions) Outstanding at March 31, 2024 2.4 $ 22.96 17.1 $ 13.92 0.1 $ 9.27 9.8 $ 8.93 Granted —  —  —  —  —  —  0.2 $ 7.95 Options exercised or restricted stock or RSUs vested —  —  —  (1) $ 7.13 —  —  (0.6 ) $ 9.17 Forfeited or expired —  (1) $ 11.71 (2.0 ) $ 14.55 —  —  (0.1 ) $ 8.73 Outstanding at June 30, 2024 2.4 $ 23.00 15.1 $ 13.84 0.1 $ 9.27 9.3 $ 8.70 (1) Represents less than 0.1 million shares.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Summary Of Share-Based Compensation Expense	The Company recognized the following share-based compensation expense during the three months ended June 30, 2024 and 2023: Three Months Ended 2024 2023 (Amounts in millions) Compensation Expense: Stock options $ 0.2 $ 0.5 Restricted share units and other share-based compensation 8.0 7.4 Share appreciation rights 0.2 0.1 Total Lionsgate Studios employee share-based compensation expense 8.4 8.0 Corporate allocation of share-based compensation 4.2 3.7 12.6 11.7 Impact of accelerated vesting on equity awards (1) —  0.5 Total share-based compensation expense $ 12.6 $ 12.2 (1) Represents the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements prior to the Separation. Share-based compensation expense, by expense category, consisted of the following: Three Months Ended 2024 2023 (Amounts in millions) Share-Based Compensation Expense: General and administration $ 12.6 $ 11.7 Restructuring and other —  0.5 $ 12.6 $ 12.2	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 ).
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 Common Stock Weighted- Existing Class B 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, 2024 related to non-vested Total Unrecognized Compensation Cost Weighted Average Remaining Years (Amounts in millions) 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 million shares) were withheld upon the vesting of restricted share units and restricted stock.

Income Taxes (Tables)

Income Taxes (Tables)	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)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Schedule of Restructuring and Other	During the three months ended June 30, 2024 and 2023, the Company also incurred certain other unusual charges or benefits, which are included in direct operating expense in the consolidated 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 three months ended June 30, 2024 and 2023: Three Months Ended 2024 2023 (Amounts in millions) Restructuring and other: Other impairments (1) $ 18.0 $ —  Severance (2) Cash 3.0 2.0 Accelerated vesting on equity awards (see Note 13) —  0.5 Total severance costs 3.0 2.5 Transaction and other costs (3) 6.7 1.6 Total Restructuring and Other 27.7 4.1 Other unusual charges not included in restructuring and other or the Company’s operating segments: COVID-19 (4) (2.0 ) 0.1 Unallocated rent cost included in direct operating expense (5) 5.2 —  Total restructuring and other and other unusual charges not included in restructuring and other $ 30.9 $ 4.2 (1) Amounts in the three months ended June 30, 2024 relate to impairments of certain operating lease right-of-use (2) Severance costs were primarily related to restructuring, acquisition integration activities and other cost-saving initiatives. (3) Transaction and other costs in the three months ended June 30, 2024 and 2023 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. (4) Amounts include incremental costs incurred, if any, due to circumstances associated with the COVID-19 (5) Amounts represent rent cost for production facilities that were unutilized as a result of the industry strikes, and therefore such amounts are not allocated to the segments.	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 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 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 (6) Amounts represent charges related to Russia’s invasion of Ukraine, primarily related to bad debt reserves for accounts receiva ble f
Summary of Changes in the Restructuring and Other Severance Liability	Changes in the restructuring and other severance liability were as follows for the three months ended June 30, 2024 and 2023: Three Months Ended 2024 2023 (Amounts in millions) Severance liability Beginning balance $ 19.3 $ 3.7 Accruals 3.0 2.0 Severance payments (8.2 ) (4.9 ) Ending balance (1) $ 14.1 $ 0.8 (1) As of June 30, 2024, the remaining severance liability of approximately $14.1 million is expected to be paid in the next 12 months.	Changes in the restructuring and other severance liability were as follows for the years ended March 31, 2024, 2023 and 2022: Year Ended 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)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Schedule of Segment Information	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 3). Three Months Ended 2024 2023 (Amounts in millions) Segment revenues Motion Picture $ 347.3 $ 406.5 Television Production 241.1 218.5 Total revenue $ 588.4 $ 625.0 Gross contribution Motion Picture $ 114.6 $ 98.6 Television Production 28.6 35.6 Total gross contribution 143.2 134.2 Segment general and administration Motion Picture 28.5 29.4 Television Production 17.9 12.7 Total segment general and administration 46.4 42.1 Segment profit Motion Picture 86.1 69.2 Television Production 10.7 22.9 Total segment profit $ 96.8 $ 92.1	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 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
Schedule of Reconciliation of Total Segment Profit to the Company's Income (Loss) Before Income Taxes	The reconciliation of total segment profit to the Company’s loss before income taxes is as follows: Three Months Ended 2024 2023 (Amounts in millions) Company’s total segment profit $ 96.8 $ 92.1 Corporate general and administrative expenses (1) (31.0 ) (24.5 ) Adjusted depreciation and amortization (2) (3.6 ) (2.8 ) Restructuring and other (27.7 ) (4.1 ) COVID-19 (3) 2.0 (0.1 ) Content charges (4) —  (0.4 ) Unallocated rent cost included in direct operating expense (5) (5.2 ) —  Adjusted share-based compensation expense (6) (12.6 ) (11.7 ) Purchase accounting and related adjustments (7) (3.1 ) (11.5 ) Operating income 15.6 37.0 Interest expense (58.6 ) (49.9 ) Interest and other income 5.1 2.2 Other expense (1.4 ) (3.8 ) Loss on extinguishment of debt (1.0 ) —  Equity interests income (loss) 0.9 (0.3 ) Loss before income taxes $ (39.4 ) $ (14.8 ) (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 unaudited condensed consolidated statements of operations less the depreciation and amortization related to the non-cash Three Months Ended 2024 2023 (Amounts in millions) Depreciation and amortization $ 4.6 $ 4.2 Less: Amount included in purchase accounting and related adjustments (1.0 ) (1.4 ) Adjusted depreciation and amortization $ 3.6 $ 2.8 (3) Amounts represent the incremental costs, if any, included in direct operating expense resulting from circumstances associated with the COVID-19 (4) Content charges represent certain charges included in direct operating expense in the unaudited condensed consolidated statements of operations, and excluded from segment operating results. (5) Amounts represent rent cost for production facilities that were unutilized as a result of the industry strikes, and therefore such amounts are not allocated to the segments. (6) The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: Three Months Ended 2024 2023 (Amounts in millions) Total share-based compensation expense $ 12.6 $ 12.2 Less: Amount included in restructuring and other (i) —  (0.5 ) Adjusted share-based compensation $ 12.6 $ 11.7 (i) 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) The following sets forth the amounts included in each line item in the financial statements: Three Months Ended 2024 2023 (Amounts in millions) Purchase accounting and related adjustments: General and administrative expense (i) $ 2.1 $ 10.1 Depreciation and amortization 1.0 1.4 $ 3.1 $ 11.5 (i) These adjustments include the expense associated with the noncontrolling equity interests in the distributable earnings related to 3 Arts Entertainment, 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 interest in the distributable earnings of 3 Arts Entertainment are reflected as an expense rather than noncontrolling interest in the unaudited condensed consolidated statement of operations due to the relationship to continued employment. Three Months Ended 2024 2023 (Amounts in millions) Amortization of recoupable portion of the purchase price $ —  $ 1.3 Noncontrolling equity interest in distributable earnings 2.1 8.8 $ 2.1 $ 10.1	The reconciliation of total segment profit to the Company’s income (loss) before income taxes is as follows: Year Ended 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 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 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 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 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
Schedule of Reconciliation of Segment General and Administrative Expense to Consolidated	The following table reconciles segment general and administration expense to the Company’s total consolidated general and administration expense: Three Months Ended 2024 2023 (Amounts in millions) General and administration Segment general and administrative expenses $ 46.4 $ 42.1 Corporate general and administrative expenses 31.0 24.5 Share-based compensation expense included in general and administrative expense 12.6 11.7 Purchase accounting and related adjustments 2.1 10.1 $ 92.1 $ 88.4	The following table reconciles segment general and administration to the Company’s total combined general and administration expense: Year Ended 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 (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).
Schedule of Reconciliation of Assets from Segment to Consolidated	The reconciliation of total segment assets to the Company’s total consolidated assets is as follows: June 30, 2024 March 31, 2024 (Amounts in millions) Assets Motion Picture $ 2,051.2 $ 1,851.4 Television Production 2,419.3 2,347.8 Other unallocated assets (1) 795.3 903.8 $ 5,265.8 $ 5,103.0 (1) Other unallocated assets primarily consist of cash, other assets and investments.	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 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 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 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
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 criter ia fo (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.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Derivative Instruments Outstanding	As of June 30, 2024, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 22 months from June 30, 2024): June 30, 2024 Foreign Currency Foreign Currency US Dollar Weighted Average (Amounts in (Amounts in British Pound Sterling 2.2 GBP in exchange for $ 2.9 0.78 GBP Czech Koruna 180.0 CZK in exchange for $ 7.7 23.29 CZK Euro 9.6 EUR in exchange for $ 9.2 0.96 EUR Canadian Dollar 9.8 CAD in exchange for $ 7.3 1.34 CAD Mexican Peso 18.7 MXN in exchange for $ 0.9 20.70 MXN Hungarian Forint 4,571.3 HUF in exchange for $ 12.6 370.84 HUF New Zealand Dollar 43.6 NZD in exchange for $ 26.7 1.64 NZD Designated Cash Flow Hedges. pay-fixed 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 June 25, 2018 $ 200.0 2.723 % March 23, 2025 July 31, 2018 $ 300.0 2.885 % March 23, 2025 December 24, 2018 $ 50.0 2.744 % March 23, 2025 December 24, 2018 $ 100.0 2.808 % March 23, 2025 December 24, 2018 $ 50.0 2.728 % March 23, 2025 Total $ 1,700.0	As of March 31, 2024, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 25 months from March 31, 2024): March 31, 2024 Foreign Currency Foreign Currency US Dollar Weighted Average (Amounts in (Amounts in 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 Designated Cash Flow Hedges. pay-fixed 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
Schedule of Derivative Instruments, Statements of Financial Performance And Comprehensive Income (Loss), Location And Effect	The following table presents the pre-tax Three Months Ended 2024 2023 (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts Gain (loss) recognized in accumulated other comprehensive income (loss) $ 0.2 $ (2.5 ) Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense $ (1.0 ) $ 0.4 Three Months Ended 2024 2023 (Amounts in millions) Interest rate swaps Gain recognized in accumulated other comprehensive income (loss) $ 3.5 $ 27.1 Gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense $ 10.9 $ 9.1 Derivatives not designated as cash flow hedges: Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) into interest expense $ (1.6 ) $ (1.9 ) Total direct operating expense on consolidated statements of operations $ 355.8 $ 362.1 Total interest expense on consolidated statements of operations $ 58.6 $ 49.9	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 (loss) $ (5.8 ) $ 1.7 $ 1.7 Loss reclassified from accumulated other comprehensive income (loss) into direct operating expense (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 (loss) into interest expense 41.8 1.4 (15.0 ) Derivatives not designated as cash flow hedges: Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) into interest expense $ (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
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	As of June 30, 2024 and March 31, 2024, the Company had the following amounts recorded in the accompanying unaudited condensed consolidated balance sheets related to the Company’s use of derivatives: June 30, 2024 Other Current Other Accrued (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ —  $ 1.6 Interest rate swaps 28.1 —  Fair value of derivatives $ 28.1 $ 1.6 March 31, 2024 Other Current Other Accrued (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	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 derivati ves: March 31, 2024 Other Current Other Non- Current Assets Other Accrued (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 Current Other Non- Current Assets Other Accrued (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)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	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 unaudited condensed consolidated balance sheets to the total amounts reported in the unaudited condensed consolidated statements of cash flows at June 30, 2024 and March 31, 2024. At June 30, 2024 and March 31, 2024, 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. June 30, 2024 March 31, 2024 (Amounts in millions) Cash and cash equivalents $ 167.2 $ 277.0 Restricted cash included in other current assets 36.6 43.7 Restricted cash included in other non-current 12.8 13.7 Total cash, cash equivalents and restricted cash $ 216.6 $ 334.4	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 Fac ility. March 31, March 31, (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
Schedule of Transfer of Financial Assets Accounted for as Sales	The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the three months ended June 30, 2024 and 2023: Three Months Ended 2024 2023 (Amounts in millions) Carrying value of receivables transferred and derecognized $ 107.4 $ 104.3 Net cash proceeds received 104.1 101.6 Loss recorded related to transfers of receivables 3.3 2.7 The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the three months ended June 30, 2023: Three Months Ended (Amounts in Gross cash proceeds received for receivables transferred and derecognized $ 5.8 Less amounts from collections reinvested under revolving agreement (2.9 ) Proceeds from new transfers 2.9 Collections not reinvested and remitted or to be remitted 0.5 Net cash proceeds received (paid or to be paid) $ 3.4 Carrying value of receivables transferred and derecognized (1) $ 5.8 Obligations recorded $ 1.1 Loss recorded related to transfers of receivables $ 1.0 (1) Receivables net of unamortized discounts on long-term, non-interest	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 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 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 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 Year Ended 2024 2023 2022 (Amounts in millions) 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
Schedule of Other Assets	The composition of the Company’s other assets is as follows as of June 30, 2024 and March 31, 2024: June 30, 2024 March 31, 2024 (Amounts in millions) Other current assets Prepaid expenses and other $ 35.8 $ 34.8 Restricted cash 36.6 43.7 Contract assets 54.1 59.9 Interest rate swap assets 28.1 35.6 Tax credits receivable 218.4 199.1 $ 373.0 $ 373.1 Other non-current Prepaid expenses and other $ 14.9 $ 18.3 Restricted cash 12.8 13.7 Accounts receivable 82.6 111.7 Contract assets 4.0 3.2 Tax credits receivable 356.5 361.7 Operating lease right-of-use 318.3 344.3 $ 789.1 $ 852.9	The c March 31, March 31, (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
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in the components of accumulated other comprehensive income, net of tax. During the three months ended June 30, 2024 and 2023, there was no income tax expense or benefit reflected in other comprehensive income due to the income tax impact being offset by changes in the Company’s deferred tax valuation allowance. Foreign currency Net unrealized gain Total (Amounts in millions) March 31, 2024 $ (42.1 ) $ 138.8 $ 96.7 Other comprehensive income (loss) (3.0 ) 3.7 0.7 Reclassifications to net loss (1) —  (8.3 ) (8.3 ) June 30, 2024 $ (45.1 ) $ 134.2 $ 89.1 March 31, 2023 $ (41.1 ) $ 142.6 $ 101.5 Other comprehensive income (loss) 0.9 24.5 25.4 Reclassifications to net loss (1) —  (7.6 ) (7.6 ) June 30, 2023 $ (40.2 ) $ 159.5 $ 119.3 (1) Represents a loss of $1.0 million included in direct operating expense and a gain of $9.3 million included in interest expense on the unaudited condensed consolidated statement of operations in the three months ended June 30, 2024 (three months ended June 30, 2023 - gain of $0.4 million included in direct operating expense and gain of $7.2 million included in interest expense) (see Note 18).	The following table summarizes the changes in the components of accumulated other comprehensive income (loss), net of tax. During the years ended March 31, 2024, 2023 and 2022, there was no income tax expense or benefit reflected in other comprehensive income (loss) due to the income tax impact being offset by changes in the Company’s deferred tax valuation allowance. Foreign currency 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 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 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)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Related Party Transaction [Line Items]
Schedule of Net Transfers	The net transfers to and from Lionsgate through the period prior to the Separation discussed above were as follows: Three Months Ended 2024 2023 (Amounts in millions) Cash pooling and general financing activities $ 92.1 $ 67.4 Licensing of content (1) 1.3 115.0 Corporate reimbursements (5.3 ) 1.3 Corporate expense allocations (excluding allocation of share-based compensation) 2.3 6.3 Funding of purchases of accounts receivables held for collateral —  (49.8 ) Net transfers to Parent per unaudited condensed consolidated statements of cash flows $ 90.4 $ 140.2 Share-based compensation (including allocation of share-based compensation) (6.0 ) (12.2 ) Other non-cash (2) (38.0 ) 3.2 Net transfers to Parent per unaudited condensed consolidated statements of equity (deficit) $ 46.4 $ 131.2 (1) Reflects the settlement of amounts due from the Starz Business related to the Company’s licensing arrangements with the Starz Business. (2) Includes a non-cash	The net transfers to and from Lionsgate discussed above were as follows: Year Ended 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 Year Ended 2024 2023 2022 (Amounts in millions) 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 millions) 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.

Description of Business, Basi_4

Description of Business, Basis of Presentation and Significant Accounting Policies - Narrative (Details) - USD ($) shares in Millions, $ in Millions			2 Months Ended	3 Months Ended	12 Months Ended
	May 13, 2024	May 09, 2024	Jun. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Business Acquisition [Line Items]
Debt instrument, maturity date					Apr. 15, 2029
Restricted cash					$ 57.4	$ 40.5
Interest costs capitalized					$ 21	28.1	$ 12.8
Finite lived intangible assets useful lives					5 years
Advertising Expense					$ 347.8	$ 203.4	$ 201.6
Goodwill Impairment Carrying Value					$ 811.2
Proceeds from reverse recapitalization transaction			$ 330
Proceeds from the PIPE investment	$ 254.3		254.3
Repayments of long-term debt			$ 299
Related Party | General and Administrative Expenses Allocated to Parent
Business Acquisition [Line Items]
Amounts of transaction		$ 10		$ (1.3)
Screaming Eagle | Studio Business
Business Acquisition [Line Items]
Ownership percentage by noncontrolling owners	12.20%
Equity Method Investments Investee
Business Acquisition [Line Items]
Equity method investment, ownership percentage					20%
Minimum
Business Acquisition [Line Items]
Variable interest entity, qualitative or quantitative information, ownership percentage					20%
Finite lived intangible assets useful lives					5 years
Minimum | Equity Method Investments Investee
Business Acquisition [Line Items]
Equity method investment, ownership percentage					20%
Maximum
Business Acquisition [Line Items]
Finite lived intangible assets useful lives					15 years
Maximum | Equity Method Investments Investee
Business Acquisition [Line Items]
Equity method investment, ownership percentage					50%
Lionsgate
Business Acquisition [Line Items]
Debt instrument, interest rate, stated percentage					5.50%
Business acquisition, equity interest issued or issuable, number of shares					253.4

Description of Business, Basi_5

Description of Business, Basis of Presentation and Significant Accounting Policies - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended			12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Numerator:
Net income (loss) attributable to Parent		$ (43.5)	$ (20.5)	$ (93.5)	$ (0.3)	$ 11.1
Accretion of redeemable noncontrolling interest				(11.9)	0	0
Net income (loss) attributable to Parent after accretion of redeemable noncontrolling interest		$ (43.8)	$ (20.5)	$ (105.4)	$ (0.3)	$ 11.1
Denominator:
Basic Weighted average common shares outstanding		272.4	253.4	253.4	253.4	253.4
Diluted Weighted average common shares outstanding		272.4	253.4	253.4	253.4	253.4
Basic net loss per common share	$ (0.16)	$ (0.16)	$ (0.08)	$ (0.42)	$ 0	$ 0.04
Diluted net loss per common share	$ (0.16)	$ (0.16)	$ (0.08)	$ (0.42)	$ 0	$ 0.04

Description of Business, Basi_6

Description of Business, Basis of Presentation and Significant Accounting Policies - Schedule of reconciliation of the impacted financial statement (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net Cash Flows Provided by Financing Activities	$ 41.1	$ 17.3	$ (74.9)	$ (394.5)	$ 525.5
Net Change In Cash, Cash Equivalents and Restricted Cash	(117.6)	49.2	82.2	(17.1)	(90.2)
Cash, Cash Equivalents and Restricted Cash - End Of Period	$ 216.6	$ 299.8	$ 334.4	$ 251.4	270.3	$ 361.3
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net Cash Flows Provided by Financing Activities					644.2
Net Change In Cash, Cash Equivalents and Restricted Cash					28.5
Cash, Cash Equivalents and Restricted Cash - End Of Period					389
Revision of Prior Period, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net Cash Flows Provided by Financing Activities					(118.7)
Net Change In Cash, Cash Equivalents and Restricted Cash					(118.7)
Cash, Cash Equivalents and Restricted Cash - End Of Period					$ (118.7)

Description of Business, Basi_7

Description of Business, Basis of Presentation and Significant Accounting Policies - Schedule Of Property and Equipment is Carried at Cost Less Accumulated Depreciation (Details)	12 Months Ended
	Mar. 31, 2024
Computer equipment and software | Maximum
Schedule Of Depreciation On A Straight Line Basis Over The Following Useful Lives [Line Items]
Property, plant and equipment, useful life	5 years
Computer equipment and software | Minimum
Schedule Of Depreciation On A Straight Line Basis Over The Following Useful Lives [Line Items]
Property, plant and equipment, useful life	3 years
Furniture, fixtures and office equipment | Maximum
Schedule Of Depreciation On A Straight Line Basis Over The Following Useful Lives [Line Items]
Property, plant and equipment, useful life	5 years
Furniture, fixtures and office equipment | Minimum
Schedule Of Depreciation On A Straight Line Basis Over The Following Useful Lives [Line Items]
Property, plant and equipment, useful life	3 years
Leasehold improvements
Schedule Of Depreciation On A Straight Line Basis Over The Following Useful Lives [Line Items]
Description of useful lives of property plant and equipment	Lease term or the useful life, whichever is shorter
Land
Schedule Of Depreciation On A Straight Line Basis Over The Following Useful Lives [Line Items]
No depreciation term	Not depreciated

Business Combination - Number o

Business Combination - Number of Shares Common Shares Issued Business Combination (Details) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended
	May 13, 2024	May 12, 2024	Jun. 30, 2024	May 14, 2024	Mar. 31, 2024	Mar. 31, 2023
Business Combination Segment Allocation [Line Items]
Additional shares issued (in shares)	448,127
Total shares issued in Business Combination and related transactions (in shares)	35,245,430
Shares issued to Lionsgate (in shares)	253,435,794
Total outstanding (in shares)	288,681,224
Common shares, shares issued (in shares)			288,700,000		253,400,000	253,400,000
Number of shares issued in transactions (in shares)		254,200
SEAC
Business Combination Segment Allocation [Line Items]
Number of shares issued (in shares)	7,027,873
Number of shares issued in transactions (in shares)		254,200
SEAC Sponsor Options
Business Combination Segment Allocation [Line Items]
Number of shares issued (in shares)	2,010,000
Common shares, shares issued (in shares)	2,200,000
PIPE Investors
Business Combination Segment Allocation [Line Items]
Number of shares issued (in shares)	25,759,430		16,218,402
Number of shares issued in transactions (in shares)	18,172,378
Number of shares excluded for reduction rights (in shares)			1,953,976
PIPE Investors | Offering One
Business Combination Segment Allocation [Line Items]
Number of shares issued in transactions (in shares)	14,141,559
Sale of stock, share price (in USD per share)				$ 9.63
PIPE Investors | Offering Two
Business Combination Segment Allocation [Line Items]
Number of shares issued in transactions (in shares)	11,617,871
Sale of stock, share price (in USD per share)	$ 10.165
Lions Gate Class A Voting Shares | SEAC
Business Combination Segment Allocation [Line Items]
Number of shares issued (in shares)			193,927
Total outstanding (in shares)					75,000,000
Shares repurchased during period (in shares)		67,972,127
Stock repurchased		$ 730.1
Shares repurchased during period, price per share (in USD per share)		$ 10.745
Class B Ordinary Share | SEAC
Business Combination Segment Allocation [Line Items]
Total outstanding (in shares)	2,010,000
Shares repurchased during period (in shares)	16,740,000

Business Combination - Reverse

Business Combination - Reverse Recapitalization (Details) - USD ($) $ / shares in Units, $ in Millions		2 Months Ended	3 Months Ended
	May 13, 2024	Jun. 30, 2024	Jun. 30, 2024
Business Combination Segment Allocation [Line Items]
Gross cash proceeds from SEAC trust account, net of redemptions			$ 75.7
Gross cash proceeds from PIPE Investment, net of Reduction Rights exercised	$ 254.3	$ 254.3
Total gross cash proceeds			330
Less: SEAC warrant exchange payment			(12.5)
Transaction costs			(14.7)
Net proceeds from the Business Combination and related equity issuances per the condensed consolidated statement of equity (deficit)			282.7
Add: Transaction costs accrued and not paid, net of transaction costs previously paid			11.3
Net cash proceeds from the Business Combination and related equity issuances per the condensed consolidated statement of cash flows			294
SEAC
Business Combination Segment Allocation [Line Items]
Transaction costs			$ (20.1)
Number of shares issued (in shares)	7,027,873
SEAC Public Warrants
Business Combination Segment Allocation [Line Items]
Shares issued, price per share (in USD per share)		$ 0.5	$ 0.5
Warrants outstanding		$ 0	$ 0
PIPE Investors
Business Combination Segment Allocation [Line Items]
Number of shares issued (in shares)	25,759,430		16,218,402

Business Combination - Narrativ

Business Combination - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions			2 Months Ended	3 Months Ended
	May 13, 2024	May 12, 2024	Jun. 30, 2024	Jun. 30, 2024	May 14, 2024	Mar. 31, 2024	Mar. 31, 2023
Business Combination Segment Allocation [Line Items]
Number of shares issued in transactions (in shares)		254,200
Common stock, shares outstanding (in shares)	288,681,224
Proceeds from the PIPE investment	$ 254.3		$ 254.3
Proceeds due from the PIPE investment	$ 20
Common stock, shares issued (in shares)			288,700,000	288,700,000		253,400,000	253,400,000
Common Shares
Business Combination Segment Allocation [Line Items]
Number of shares issued (in shares)				193,927
SEAC
Business Combination Segment Allocation [Line Items]
Number of shares issued in transactions (in shares)		254,200
Number of shares issued (in shares)	7,027,873
SEAC | Class A Ordinary Share
Business Combination Segment Allocation [Line Items]
Common stock, shares outstanding (in shares)						75,000,000
Number of shares issued (in shares)				193,927
Shares repurchased during period (in shares)		67,972,127
SEAC | Class B Ordinary Share
Business Combination Segment Allocation [Line Items]
Common stock, shares outstanding (in shares)	2,010,000
Shares repurchased during period (in shares)	16,740,000
PIPE Investors
Business Combination Segment Allocation [Line Items]
Number of shares issued in transactions (in shares)	18,172,378
Number of shares excluded for reduction rights (in shares)				1,953,976
Number of shares issued (in shares)	25,759,430			16,218,402
Number of shares pending issuance (in shares)	2,076,843
PIPE Investors | Offering One
Business Combination Segment Allocation [Line Items]
Number of shares issued in transactions (in shares)	14,141,559
Sale of stock, share price (in USD per share)					$ 9.63
PIPE Investors | Offering Two
Business Combination Segment Allocation [Line Items]
Number of shares issued in transactions (in shares)	11,617,871
Sale of stock, share price (in USD per share)	$ 10.165
Sponsor Securities Repurchase
Business Combination Segment Allocation [Line Items]
Shares issued, price per share (in USD per share)	$ 1
Sponsor Securities Repurchase | Class B Ordinary Share
Business Combination Segment Allocation [Line Items]
Common stock, shares outstanding (in shares)	1,800,000
SEAC Sponsor Options
Business Combination Segment Allocation [Line Items]
Number of shares issued (in shares)	2,010,000
Common stock, shares issued (in shares)	2,200,000
Sponsor Option Agreement
Business Combination Segment Allocation [Line Items]
Common stock, par or stated value per share (in USD per share)	$ 0.0001
Sponsor Agreements with Independent Directors and Advisors | Class B Ordinary Share
Business Combination Segment Allocation [Line Items]
Common stock, shares outstanding (in shares)	210,000

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions					3 Months Ended		12 Months Ended
	Jun. 05, 2024 USD ($) Film	Dec. 27, 2023 USD ($)	Jun. 26, 2023 USD ($)	Jul. 31, 2022 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2021 USD ($)
Business 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					$ (39.4)	$ (14.8)	$ (72.7)	5.4	11.2
Revenue							2,986.4	3,083.8	$ 2,716.3
Number of films acquired | Film	46
Total assets					5,265.8		5,103	4,412.7
Liabilities					6,068.8		6,129.9	$ 4,848
Variable Interest Entity, Primary Beneficiary
Business Acquisition [Line Items]
Total assets					79.8
Liabilities					$ 11.2
CP LG Library Holdings, LLC
Business Acquisition [Line Items]
Consideration transferred	$ 35
Percentage of voting interests acquired	51%
Business combination total consideration including contribution by co venturer	$ 68.6
CP LG Library Holdings, LLC | Film and Television Library
Business Acquisition [Line Items]
Business combination total consideration including contribution by co venturer	$ 48.3
eOne
Business Acquisition [Line Items]
Consideration transferred		$ 385.1
Pro forma impairment of goodwill and trade name at eOne						$ 296.2
eOne | Trade name
Business Acquisition [Line Items]
Weighted average useful life (in years)		5 years
CP LG Library Holdings, LLC
Business Acquisition [Line Items]
Ownership percentage by noncontrolling owners	49%
E One
Business Acquisition [Line Items]
Loss before income taxes							113.8
Revenue							$ 4.9
Minimum
Business Acquisition [Line Items]
Estimated useful life							5 years
Finite-lived intangible asset, useful life							5 years
Minimum | eOne | Film and Television Library
Business Acquisition [Line Items]
Weighted average useful life (in years)		5 years
Maximum
Business Acquisition [Line Items]
Estimated useful life							10 years
Finite-lived intangible asset, useful life							15 years
Maximum | eOne | Film and Television Library
Business Acquisition [Line Items]
Weighted average useful life (in years)		10 years

Acquisitions - Schedule of Purc

Acquisitions - Schedule of Purchase Price Allocation to Tangible and Intangible Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 27, 2023	Jun. 30, 2024	Mar. 31, 2023
Business Acquisition [Line Items]
Goodwill	$ (811.2)		$ (812.1)	$ (795.6)
eOne Acquisition
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
eOne
Business Acquisition [Line Items]
Cash and cash equivalents		$ 54.1
Accounts receivable		294.6
Investment in films and television programs		371.8
Property and equipment		14
Intangible assets		4
Other assets		171.8
Accounts payable and accrued liabilities		(66.7)
Content related payable		(38.8)
Participations and residuals		(199.6)
Film related obligations		(105.8)
Other liabilities and deferred revenue		(130.9)
Preliminary fair value of net assets acquired		368.5
Goodwill		16.6
Preliminary purchase price consideration		$ 385.1

Acquisitions - Schedule of Pro

Acquisitions - Schedule of Pro Forma Statement of Operations Information (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023
Business Acquisition [Line Items]
Revenues		$ 3,380	$ 3,911.6
Net loss attributable to Lionsgate Studios Corp.		$ (376.5)	$ 63.4
eOne
Business Acquisition [Line Items]
Revenues	$ 767.4
Net loss attributable to Lionsgate Studios Corp.	$ (311.1)

Investment in Films and Telev_3

Investment in Films and Television Programs - Schedule of Capitalized Cost for Film, Monetized on its Own and Film, Monetized in Film Group (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Investment in Films and Television Programs:
Released, net of accumulated amortization	$ 966.1	$ 992.2	$ 779.9
Completed and not released	301.9	225.4	289.8
In progress	1,011	644.4	649.1
In development	66.6	67	67.9
Investment in films and television programs, net	$ 2,345.6	$ 1,929	$ 1,786.7

Investment in Films and Telev_4

Investment in Films and Television Programs - Summary of Company's Investments in Films and Television Programs (Parenthetical) (Details) - 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 - Schedule of Impairments by Segment (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [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
Film, Monetized on Its Own, and Film Group, Impairment, Statement of Income [Extensible Enumeration]	Total direct operating expense on consolidated statements of operations, Restructuring and other	Total direct operating expense on consolidated statements of operations, Restructuring and other
Reportable Segments | Motion Picture
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs	$ 0.3	$ 0.2

Investment in Films and Telev_6

Investment in Films and Television Programs - Summary of Company's investment in film and television programs (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2027	Mar. 31, 2026	Mar. 31, 2025
Released, net of accumulated amortization
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
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 - Narrative (Details) - USD ($) $ in Millions			3 Months Ended		12 Months Ended
	Jun. 26, 2023	Jul. 31, 2022	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2023
Schedule of Investments [Line Items]
Unamortized Film and Television Libraries Cost					$ 223.1	$ 132.8
Operating Cycle									12 years 9 months 18 days
Film, monetized in film group, amortization expense	$ 10	$ 10			1,347.8	$ 1,649.3	$ 1,497.5	$ 171.4
Acquired film and television libraries, unamortized costs			$ 266.4		$ 223.1
Acquired libraries, remaining amortization period (in years)			13 years
Amortization of films and television programs and program rights			$ 230.5	$ 254.1

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Line Items]
Property Plant and Equipment Gross Excluding Land	$ 136.7	$ 114.3
Less accumulated depreciation and amortization	(100.6)	(91.7)
Property Plant and Equipment Net Excluding Land	36.1	22.6
Land One Gross	1.2	1.2
Total property, plant and equipment, net	37.3	23.8
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	34.4	27.6
Property and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	18.1	15.2
Computer equipment and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 84.2	$ 71.5

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Depreciation expenses	$ 10.3	$ 12.2	$ 12.4

Investments - Schedule of Carry

Investments - Schedule of Carrying Amount of Investments, by Category (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Investments in equity method investees	$ 71.3	$ 68.4	$ 63.1
Other investments	6.4	6.4	1.6
Investments	$ 77.7	$ 74.8	$ 64.7

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
	Oct. 17, 2022	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Schedule of Equity Method Investments [Line Items]
Income (loss) from equity method investments	$ 43.4	$ 0.9	$ (0.3)	$ 8.7	$ 0.5	$ (3)
STARZPLAY Arabia
Schedule of Equity Method Investments [Line Items]
Equity method investment, amount sold	$ 43.4
Minimum
Schedule of Equity Method Investments [Line Items]
Equity method investments, ownership percentage		6%
Minimum | Equity Method Investment
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage				6%
Maximum
Schedule of Equity Method Investments [Line Items]
Equity method investments, ownership percentage		49%
Maximum | Equity Method Investment
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage				49%

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Summary of Goodwill (Details) $ in Millions	12 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill, balance at beginning of period	$ 795.6
Acquisition of eOne	5.8
Measurement period adjustments	9.8
Goodwill, balance at end of period	811.2
Motion Picture
Goodwill, balance at beginning of period	393.7
Acquisition of eOne	1
Measurement period adjustments	3.9
Goodwill, balance at end of period	398.6
Television Production
Goodwill, balance at beginning of period	401.9
Acquisition of eOne	4.8
Measurement period adjustments	5.9
Goodwill, balance at end of period	$ 412.6

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Goodwill (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Goodwill purchase accounting period adjustments	$ (0.9)	$ 9.8
Net Decrease To Accounts Receivables
Goodwill purchase accounting period adjustments		11.4
Net Decreases To Other Assets
Goodwill purchase accounting period adjustments		12.4
Net Increase To Investment In Films And Television Programs
Goodwill purchase accounting period adjustments		4
Net Decreases To Content Related Payables
Goodwill purchase accounting period adjustments		1.9
Net Decreases To Accrued Liabilities
Goodwill purchase accounting period adjustments		3.8
Net Decreases To Participations And Residuals
Goodwill purchase accounting period adjustments		1.9
Net Decreases To Deferred Revenue
Goodwill purchase accounting period adjustments		$ 2.4

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Summary of Intangible Assets (Details) - 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
Gross Carrying Amount	23.9	31
Accumulated Amortization	21.7	10
Net Carrying Amount	2.2	21
Trademarks and Trade Names
Gross Carrying Amount	7.6	3.6
Accumulated Amortization	3	2.6
Net Carrying Amount	4.6	1
Other
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 (Details) - 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
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 2.1	$ 2.2	$ 2.2	$ 2.5	$ 4.2	$ 5.3	$ 5.7	$ 5.7

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Goodwill [Roll Forward]
Goodwill, balance at beginning of period	$ 811.2	$ 795.6
Measurement period adjustments	0.9	(9.8)
Goodwill, balance at end of period	812.1	811.2
eOne
Goodwill [Roll Forward]
Measurement period adjustments	0.9
Decrease to accounts receivable	4.2
Increase to content related payables	3.4
Increase in other liabilities	0.4
Increase to other assets	3.7
Decrease to accrued liabilities	1.1
Decrease to participation and residuals	2.3
Motion Picture
Goodwill [Roll Forward]
Goodwill, balance at beginning of period	398.6
Measurement period adjustments	(3.9)
Goodwill, balance at end of period	394.7	398.6
Television Production
Goodwill [Roll Forward]
Goodwill, balance at beginning of period	412.6
Measurement period adjustments	4.8
Goodwill, balance at end of period	$ 417.4	$ 412.6

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
Total corporate debt	$ 1,571.2	$ 1,793.5
Less unamortized issuance costs	(7.5)	(10.2)
Total debt, net	1,563.7	1,783.3
Less current portion	(716.3)	(860.3)
Non-current portion of debt	847.4	923
Senior Credit Facilities
Debt Instrument [Line Items]
Total corporate debt		1,793.5	$ 1,259.9
Less unamortized 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 | Intercompany Revolver
Debt Instrument [Line Items]
Total corporate debt	66.7	0
Revolving Credit Facility | LGTV Revolver
Debt Instrument [Line Items]
Total corporate debt	585	575
Revolving Credit Facility | Senior Credit Facilities
Debt Instrument [Line Items]
Total corporate debt		575	0
Term Loan A | Senior Credit Facilities
Debt Instrument [Line Items]
Total corporate debt		399.3	428.2
Term Loan B | Senior Credit Facilities
Debt Instrument [Line Items]
Total corporate debt		819.2	$ 831.7
Term Loans | LGTV Term Loan A
Debt Instrument [Line Items]
Total corporate debt	314.4	399.3
Term Loans | LGTV Term Loan B
Debt Instrument [Line Items]
Total corporate debt	$ 605.1	$ 819.2

Debt - Debt Transactions (Detai

Debt - Debt Transactions (Details) - Term Loans $ in Millions	3 Months Ended
	Jun. 30, 2024 USD ($)
LGTV Term Loan A
Extinguishment of Debt [Line Items]
Principal amount of debt prepaid	$ 84.9
LGTV Term Loan B
Extinguishment of Debt [Line Items]
Principal amount of debt prepaid	$ 214.1

Debt - LGTV Revolver Availabili

Debt - LGTV Revolver Availability of Funds & Commitment Fee - Narrative (Details) $ in Millions			3 Months Ended
	May 13, 2024 USD ($)	Jun. 14, 2023	Jun. 30, 2024 USD ($) INCREASE	May 08, 2024 USD ($)	Mar. 31, 2024 USD ($)
Debt Instrument [Line Items]
Total corporate debt			$ 1,571.2		$ 1,793.5
Revolving Credit Facility | Lions Gate Television Inc. | Minimum
Debt Instrument [Line Items]
Commitment fee percentage			0.25%
Revolving Credit Facility | Lions Gate Television Inc. | Maximum
Debt Instrument [Line Items]
Commitment fee percentage			0.375%
Revolving Credit Facility | Lions Gate Television Inc. | SOFR | Minimum
Debt Instrument [Line Items]
Coupon rate (as percent)		0%
LGTV Revolver | Revolving Credit Facility
Debt Instrument [Line Items]
Total corporate debt			$ 585		575
LGTV Revolver | Revolving Credit Facility | Lions Gate Television Inc.
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity			1,100
Credit facility, available amount			$ 515
LGTV Term Loan A | Revolving Credit Facility | Lions Gate Television Inc.
Debt Instrument [Line Items]
Number of possible increases in margin | INCREASE			2
Effective interest rate (as percent)			7.18%
LGTV Term Loan A | Revolving Credit Facility | Lions Gate Television Inc. | SOFR
Debt Instrument [Line Items]
Basis spread on variable interest rate (as percent)		0.10%
LGTV Term Loan A | Revolving Credit Facility | Lions Gate Television Inc. | SOFR | Minimum
Debt Instrument [Line Items]
Coupon rate (as percent)		0.75%
LGTV Term Loan A | Revolving Credit Facility | Lions Gate Television Inc. | Applicable Margin
Debt Instrument [Line Items]
Basis spread on variable interest rate (as percent)		1.75%
LGTV Term Loan A | Revolving Credit Facility | Lions Gate Television Inc. | LIBOR
Debt Instrument [Line Items]
Potential increases in interest rate upon certain increases to leverage ratios, total			50
Potential increase in interest rate upon certain increases to leverage ratios, per increase			25%
LGTV Term Loan A | Term Loans
Debt Instrument [Line Items]
Total corporate debt			$ 314.4		399.3
LGTV Term Loan A | Term Loans | Lions Gate Television Inc.
Debt Instrument [Line Items]
Total corporate debt				$ 399.3
Quarterly principal payment percent			1.75%
Quarterly principal payment percent, year two			2.50%
LGTV Term Loan B | Term Loans
Debt Instrument [Line Items]
Total corporate debt			$ 605.1		819.2
LGTV Term Loan B | Term Loans | Lions Gate Television Inc.
Debt Instrument [Line Items]
Total corporate debt				$ 819.2
Maximum outstanding principal to trigger maturity			$ 250
Effective interest rate (as percent)			7.68%
Quarterly principal payment percent			0.25%
LGTV Term Loan B | Term Loans | Lions Gate Television Inc. | SOFR
Debt Instrument [Line Items]
Basis spread on variable interest rate (as percent)		0.10%
LGTV Term Loan B | Term Loans | Lions Gate Television Inc. | SOFR | Minimum
Debt Instrument [Line Items]
Coupon rate (as percent)		0%
LGTV Term Loan B | Term Loans | Lions Gate Television Inc. | Applicable Margin
Debt Instrument [Line Items]
Basis spread on variable interest rate (as percent)		2.25%
LGTV Term Loan B | Term Loans | Lions Gate Television Inc. | Base Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate (as percent)		1.25%
Intercompany Revolver | Revolving Credit Facility
Debt Instrument [Line Items]
Total corporate debt			$ 66.7		$ 0
Intercompany Revolver | Revolving Credit Facility | Lions Gate Television Inc.
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 150
Intercompany Revolver | Revolving Credit Facility | Lions Gate Television Inc. | SOFR
Debt Instrument [Line Items]
Basis spread on variable interest rate (as percent)	1.75%

Debt - Lionsgate Exchange Notes

Debt - Lionsgate Exchange Notes and Existing Notes - Narrative (Details) - USD ($) $ in Millions	May 08, 2024	Jun. 30, 2024	Mar. 31, 2024
Debt Instrument [Line Items]
Total corporate debt		$ 1,571.2	$ 1,793.5
Exchange Notes | Senior Notes
Debt Instrument [Line Items]
Debt conversion, original debt, amount	$ 389.9
Coupon rate (as percent)	5.50%
Exchange Notes | Senior Notes | Maximum
Debt Instrument [Line Items]
Coupon rate (as percent)	6%
Exchange Notes and Existing Notes | Senior Notes
Debt Instrument [Line Items]
Total corporate debt		$ 715	$ 715
Existing Notes | Senior Notes
Debt Instrument [Line Items]
Coupon rate (as percent)	5.50%

Debt - Summary of Future Annual

Debt - Summary of Future Annual Contractual Principal Payment Commitments of Debt (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
Total	$ 1,793.5	$ 1,571.2
Less aggregate unamortized debt issuance costs	(10.2)	(7.5)
Total debt, net	1,783.3	$ 1,563.7
Senior Credit Facilities
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)		(16.3)
Total debt, net	$ 1,783.3		1,243.6
Revolving Credit Facility | Senior Credit Facilities
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 | Senior Credit Facilities
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 | Senior Credit Facilities
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 - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Millions

1 Months Ended

2 Months Ended

12 Months Ended

Mar. 24, 2025

Apr. 06, 2024

Mar. 31, 2024

Jun. 14, 2023

Sep. 30, 2022

Apr. 30, 2022

Jun. 30, 2024

Mar. 31, 2024

Mar. 31, 2022

Mar. 31, 2023

Apr. 07, 2021

Apr. 06, 2021

Debt Instrument [Line Items]

Long term debt effective interest rate percentage

6.92%

6.92%

Repayments of long-term debt

$ 299

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

Debt Instrument [Line Items]

Line of credit maximum borrowing capacity

$ 1,250

$ 1,250

Letters of credit

0

0

Available revolving credit facility

$ 675

$ 675

Revolving Credit Facility Including Letter of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Debt instrument variable interest rate spread

0.10%

Long term debt interest rate margin percentage

1.75%

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

Debt Instrument [Line Items]

Repayments of long-term debt

$ 193.6

Term Loan A | Credit Agreement Amendment

Debt Instrument [Line Items]

Debt instrument face value

$ 215.1

$ 444.9

Term Loan A | Beginning September 30, 2022

Debt Instrument [Line Items]

Long term debt principal repayment percentage

1.25%

Term Loan A | Beginning September 30, 2023

Debt Instrument [Line Items]

Long term debt principal repayment percentage

1.75%

Term Loan A | Beginning September 30, 2024 through March 31, 2026

Debt Instrument [Line Items]

Long term debt principal repayment percentage

2.50%

Term Loan A | Alternative Base Rate

Debt Instrument [Line Items]

Debt instrument variable interest rate spread

0.75%

Term Loan A | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

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 two

25%

Potential increase in margin percentage total

50%

Long term debt effective interest rate percentage

7.17%

7.17%

Term Loan B

Debt Instrument [Line Items]

Long term debt principal repayment percentage

0.25%

Repayments of long-term debt

$ 95.3

Debt instrument principal amount of debt repurchased

$ 96

Term Loan B | Alternative Base Rate

Debt Instrument [Line Items]

Debt instrument variable interest rate spread

1.25%

Term Loan B | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Debt instrument variable interest rate spread

0.10%

Long term debt interest rate margin percentage

2.25%

Long term debt floor interest rate percentage

0%

Long term debt effective interest rate percentage

7.67%

7.67%

Revolving Line of Credit Term Loan A and Term Loan B

Debt Instrument [Line Items]

Percentage of ownership change beyond which event of default could be triggered

50%

Revolving Credit Facility | Credit Agreement Amendment

Debt Instrument [Line Items]

Line of credit maximum borrowing capacity

$ 250

$ 1,250

Revolving Credit Facility And Non Payment Term Loan

Debt Instrument [Line Items]

Non repayment of long term debt

$ 250

Revolving Credit Facility And Non Payment Term Loan | Alternative Base Rate

Debt Instrument [Line Items]

Debt instrument variable interest rate spread

0.75%

Revolving Credit Facility And Term Loan A

Debt Instrument [Line Items]

Debt instrument, maturity date

Apr. 06, 2026

Term Loan B

Debt Instrument [Line Items]

Debt instrument, maturity date

Mar. 24, 2025

Minimum | Revolving Credit Facility Including Letter of Credit

Debt Instrument [Line Items]

Line of credit facility commitment fee percentage

0.25%

Maximum | Revolving Credit Facility Including Letter of Credit

Debt Instrument [Line Items]

Line of credit facility commitment fee percentage

0.375%

Lions Gate Senior Notes

Debt Instrument [Line Items]

Senior notes outstanding

$ 715

$ 715

$ 800

Debt - Schedule of Loss on Exti

Debt - Schedule of Loss on Extinguishment of Debt (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Extinguishment of Debt [Line Items]
Loss on extinguishment of debt	$ (1)	$ 0	$ (1.3)	$ (1.3)	$ (3.4)
Term Loan A and Term Loan B Facility
Extinguishment of Debt [Line Items]
Loss on extinguishment of debt	$ (1)	$ 0
Production Loan Prepayment
Extinguishment of Debt [Line Items]
Loss on extinguishment of debt			(1.3)	0	0
Term Loan A
Extinguishment of Debt [Line Items]
Loss on extinguishment of debt			0	(1.3)	0
Revolving Credit Facility And Term Loan A
Extinguishment of Debt [Line Items]
Loss on extinguishment of debt			0	0	(1.7)
Revolving Credit Facility
Extinguishment of Debt [Line Items]
Loss on extinguishment of debt			0	0	(1.1)
Term Loan B
Extinguishment of Debt [Line Items]
Loss on extinguishment of debt			$ 0	$ 0	$ (0.6)

Debt - Summary of Accounting fo

Debt - Summary of Accounting for the Credit Agreement Amendment (Details) - Revolving Credit Facility And Term Loan A $ 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
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
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 - Sche

Film Related Obligations - Schedule of Components (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film related obligations	$ 1,571.2	$ 1,793.5
Less unamortized issuance costs	(7.5)	(10.2)
Total debt, net	1,563.7	1,783.3
Less current portion	(716.3)	(860.3)
Non-current portion of debt	847.4	923
Production Loans	1,306.4	1,292.2
Production Tax Credit Facility	260	260
Backlog Facility and Other	313	287.3
IP Credit Facility	100.6	109.9
Total film related obligations	1,980	1,949.4
Unamortized issuance costs	(11.4)	(11.4)
Total film related obligations, net	1,968.6	1,938
Less current portion	(1,612.1)	(1,393.1)	$ (923.7)
Total non-current film related obligations	$ 356.5	544.9	1,016.4
Film Related Obligations
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 | Production Loans
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film related obligations		1,292.2	1,349.9
Film Related Obligations | Production Tax Credit Facility
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film related obligations		260	231.8
Film Related Obligations | Backlog Facility and Other
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film related obligations		287.3	226
Film Related Obligations | IP Credit Facility
Disclosure In Entirety Of Film Related Obligations [Line Items]
Film related obligations		$ 109.9	$ 143.8

Film Related Obligations - Summ

Film Related Obligations - Summary of Forth Future Annual Repayment (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
Total	$ 1,571.2	$ 1,793.5
Less unamortized issuance costs	(7.5)	(10.2)
Long-term debt	$ 1,563.7	1,783.3
Film Related Obligations
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 | Production Loans
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 | Production Tax Credit Facility
Debt Instrument [Line Items]
2025		260
2026		0
2027		0
2028		0
2029		0
Thereafter		0
Total		260	231.8
Film Related Obligations | Backlog Facility and Other
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 | IP Credit Facility
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 - Sc_2

Film Related Obligations - Schedule of Cumulative Minimum Guaranteed Payments of IP Credit Facility (Details) - IP Credit Facility - USD ($) $ in Millions	Sep. 29, 2022	Jun. 30, 2024
Secured Debt
Debt Instrument [Line Items]
November 14, 2024		$ 60.7
November 14, 2025		91.1
November 14, 2026		121.4
July 30, 2027		$ 161.9
Film Related Obligations | September 30, 2023
Debt Instrument [Line Items]
Cumulative Minimum Guaranteed Payment Amounts	$ 30.4
Payment Due Date	Nov. 14, 2023
Film Related Obligations | September 30, 2024
Debt Instrument [Line Items]
Cumulative Minimum Guaranteed Payment Amounts	$ 60.7
Payment Due Date	Nov. 14, 2024
Film Related Obligations | September 30, 2025
Debt Instrument [Line Items]
Cumulative Minimum Guaranteed Payment Amounts	$ 91.1
Payment Due Date	Nov. 14, 2025
Film Related Obligations | September 30, 2026
Debt Instrument [Line Items]
Cumulative Minimum Guaranteed Payment Amounts	$ 121.4
Payment Due Date	Nov. 14, 2026
Film Related Obligations | July 30, 2027
Debt Instrument [Line Items]
Cumulative Minimum Guaranteed Payment Amounts	$ 161.9
Payment Due Date	Jul. 30, 2027

Film Related Obligations - Narr

Film Related Obligations - Narrative (Details) - USD ($) $ in Millions			3 Months Ended	12 Months Ended	19 Months Ended
	May 16, 2025	Mar. 31, 2024	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2023	Aug. 30, 2022
Total corporate debt		$ 1,793.5	$ 1,571.2	$ 1,793.5	$ 1,793.5
Debt instrument effective interest rate percentage		6.92%		6.92%	6.92%
Line of credit facility moratorium period					90 days
Production Loans		$ 1,292.2	1,306.4	$ 1,292.2	$ 1,292.2
Accounts receivable		688.6	578	688.6	688.6	$ 527
Secured Debt
Production Loans			1,086.9
Production Tax Credit Facility | Revolving Credit Facility
Credit facility, maximum principal amount			260
Credit facility, available amount			0
Collateral			$ 336.8
Production Tax Credit Facility | SOFR | Revolving Credit Facility
Effective interest rate (as percent)			6.93%
Production Tax Credit Facility | SOFR | Minimum | Revolving Credit Facility
Basis spread on variable interest rate (as percent)			0.10%
Production Tax Credit Facility | SOFR | Maximum | Revolving Credit Facility
Basis spread on variable interest rate (as percent)			0.25%
Production Tax Credit Facility | Base Rate | Revolving Credit Facility
Basis spread on variable interest rate (as percent)			0.50%
Production Tax Credit Facility | Applicable Margin | Revolving Credit Facility
Basis spread on variable interest rate (as percent)			1.50%
IP Credit Facility
Credit facility, maximum principal amount			$ 161.9
IP Credit Facility | SOFR
Effective interest rate (as percent)			7.77%
IP Credit Facility | SOFR | Minimum
Basis spread on variable interest rate (as percent)			0.11%
Floor on SOFR (as a percent)			0.25%
IP Credit Facility | SOFR | Maximum
Basis spread on variable interest rate (as percent)			0.26%
IP Credit Facility | Base Rate
Basis spread on variable interest rate (as percent)			1.25%
IP Credit Facility | Applicable Margin
Basis spread on variable interest rate (as percent)			2.25%
Other Loans
Credit facility, outstanding amount		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 | July 2025
Credit facility, outstanding amount		24.1		24.1	24.1
Other Loans | April 2027
Credit facility, outstanding amount		88.2		$ 88.2	88.2
Other Loans | SOFR
Basis spread on variable interest rate (as percent)				6.89%
Programming Notes | Starz Business
Total corporate debt		0	$ 53.8	$ 0	0
Production Loans
Production loans or other loans, weighted average interest rate (as percent)			6.85%
Backlog Facility
Credit facility, maximum principal amount			$ 175
Backlog Facility | Secured Debt
Credit facility, outstanding amount		175	175	175	175
Credit facility, available amount			$ 0
Backlog Facility | Revolving Credit Facility
Debt instrument, term			2 years 90 days
Backlog Facility | SOFR
Effective interest rate (as percent)			6.58%
Backlog Facility | SOFR | Minimum | Revolving Credit Facility
Basis spread on variable interest rate (as percent)			0.10%
Backlog Facility | SOFR | Maximum | Revolving Credit Facility
Basis spread on variable interest rate (as percent)			0.25%
Backlog Facility | Applicable Margin
Basis spread on variable interest rate (as percent)			1.15%
Backlog Facility | Applicable Margin | Minimum | Revolving Credit Facility
Basis spread on variable interest rate (as percent)			1.25%
Backlog Facility | Applicable Margin | Maximum | Revolving Credit Facility
Basis spread on variable interest rate (as percent)			1.50%
Film Related Obligations
Total corporate debt		$ 1,949.4		$ 1,949.4	$ 1,949.4	1,951.5
Film Related Obligations | Production Loans
Long term debt weighted average interest rate		6.96%		6.96%	6.96%
Total corporate debt		$ 1,292.2		$ 1,292.2	$ 1,292.2	1,349.9
Film Related Obligations | Production Loans | Secured Portion
Total corporate debt		1,028.9		1,028.9	1,028.9
Film Related Obligations | Production Loans | Unsecured Portion
Total corporate debt		263.3		263.3	263.3
Film Related Obligations | Production Tax Credit Facility
Total corporate debt		260		260	260	231.8
Credit facility, maximum principal amount		260		260	260
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 | Production Tax Credit Facility | Base Rate
Basis spread on variable interest rate (as percent)				0.50%
Debt instrument additional margin percentage				1.50%
Film Related Obligations | Production Tax Credit Facility | Secured Portion | Minimum
Basis spread on variable interest rate (as percent)				0.10%
Film Related Obligations | Production Tax Credit Facility | Secured Portion | Maximum
Basis spread on variable interest rate (as percent)				0.25%
Film Related Obligations | IP Credit Facility
Total corporate debt		109.9		$ 109.9	109.9	143.8
Credit facility, maximum principal amount		$ 161.9		$ 161.9	$ 161.9
Line of credit facility expiration date				Jul. 30, 2027
Film Related Obligations | IP Credit Facility | SOFR
Debt instrument additional margin percentage		2.25%
Long Term Debt Floor Interest Rate Percentage		0.25%		0.25%	0.25%
Effective interest rate (as percent)		7.75%		7.75%	7.75%
Film Related Obligations | IP Credit Facility | SOFR | Minimum
Basis spread on variable interest rate (as percent)		0.11%
Film Related Obligations | IP Credit Facility | SOFR | Maximum
Basis spread on variable interest rate (as percent)		0.26%
Film Related Obligations | IP Credit Facility | Base Rate
Basis spread on variable interest rate (as percent)		1.25%
Film Related Obligations | Backlog Facility and Other
Total corporate debt		$ 287.3		$ 287.3	$ 287.3	226
Credit facility, maximum principal amount						175
Line of credit facility expiration date	May 16, 2025
Line of credit expiration period					2 years
Credit facility, outstanding amount						$ 175
Film Related Obligations | Backlog Facility and Other | SOFR
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 | Backlog Facility and Other | SOFR | Minimum
Basis spread on variable interest rate (as percent)					0.10%
Film Related Obligations | Backlog Facility and Other | SOFR | Maximum
Basis spread on variable interest rate (as percent)					0.25%
Unsecured Debt
Production Loans			$ 219.5
Loans Payable | Distribution Loan Agreement
Production loans or other loans, weighted average interest rate (as percent)			6.84%
Loan amount		$ 112.3	$ 138	$ 112.3	$ 112.3
Accounts receivable			84.8
Other receivables			81.1
Loans Payable | Distribution Agreement Loan One
Loan amount			67.9
Loans Payable | Distribution Agreement Loan Two
Loan amount			$ 70.1

Leases - Summary Of Components

Leases - Summary Of Components Of Lease Cost (Details) - 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 (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Lessee Operating Leases [Line Items]
Right-of-use assets	$ 318.3	$ 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 (Details)	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 (Details) - 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 - Narrative (Details)

Leases - Narrative (Details) $ 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
Lessee Operating Leases [Line Items]
Lessee, Operating Lease, Option to Extend	10
Maximum
Lessee Operating Leases [Line Items]
Lessee, Operating Lease, Option to Extend	12

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets and Liabilities Required to be Carried at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Assets:
Interest rate swaps (see Note 18)	$ 28.1	$ 35.6
Liabilities:
Derivative Liability	1.6	2.8
Fair Value, Measurements, Recurring
Assets:
Interest rate swaps (see Note 18)	28.1	35.6
Liabilities:
Forward exchange contracts (see Note 18)	(1.6)	(2.8)
Fair Value, Measurements, Recurring | Level 1
Assets:
Interest rate swaps (see Note 18)	0	0
Liabilities:
Forward exchange contracts (see Note 18)	0	0
Fair Value, Measurements, Recurring | Level 2
Assets:
Interest rate swaps (see Note 18)	28.1	35.6
Liabilities:
Forward exchange contracts (see Note 18)	$ (1.6)	(2.8)
Forward exchange contracts | Fair Value, Measurements, Recurring
Assets:
Interest rate swaps (see Note 18)			$ 2.9
Liabilities:
Derivative Liability		(2.8)	(0.1)
Forward exchange contracts | Fair Value, Measurements, Recurring | Level 2
Assets:
Interest rate swaps (see Note 18)			2.9
Liabilities:
Derivative Liability		(2.8)	(0.1)
Interest rate swaps | Fair Value, Measurements, Recurring
Assets:
Interest rate swaps (see Note 18)		35.6	41.1
Interest rate swaps | Fair Value, Measurements, Recurring | Level 2
Assets:
Interest rate swaps (see Note 18)		$ 35.6	$ 41.1

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Carrying Values and Fair Values of Company's Outstanding Debt, Film Related Obligations, and Interest Rate Swaps (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Term Loan A
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Carrying Value		$ 396.6	$ 424.2
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure		397.3	415.4
Term Loan B
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Carrying Value		816.9	827.2
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure		818.1	817.1
Production Loans
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Carrying Value		1,286.2	1,346.1
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure		1,292.2	1,349.9
Production Tax Credit Facility
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Carrying Value		258.7	229.4
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure		260	231.8
Production Tax Credit Facility | Carrying Value | Line of Credit
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Production Tax Credit Facility, fair value disclosure	$ 259.1	258.7
Production Tax Credit Facility | Level 2 | Fair Value | Line of Credit
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Production Tax Credit Facility, fair value disclosure	260	260
Backlog Facility and Other
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Carrying Value		285.4	223.7
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure		287.3	226
Backlog Facility and Other | Carrying Value | Secured Debt
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure	309.7	285.4
Backlog Facility and Other | Level 2 | Fair Value | Secured Debt
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure	313	287.3
IP Credit Facility
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Carrying Value		107.6	140.8
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure		109.9	$ 143.8
LGTV Term Loan A | Carrying Value | Term Loans
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure	312.6	396.6
LGTV Term Loan A | Level 2 | Fair Value | Term Loans
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure	312.9	397.3
LGTV Term Loan B | Carrying Value | Term Loans
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure	603.9	816.9
LGTV Term Loan B | Level 2 | Fair Value | Term Loans
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure	604.3	818.1
Production Loans | Carrying Value
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure	1,301.3	1,286.2
Production Loans | Level 2 | Fair Value
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure	1,306.4	1,292.2
IP Credit Facility | Carrying Value | Secured Debt
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure	98.5	107.6
IP Credit Facility | Level 2 | Fair Value | Secured Debt
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis [Line Items]
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure	$ 100.6	$ 109.9

Noncontrolling Interests - Sche

Noncontrolling Interests - Schedule of Redeemable Noncontrolling Interest (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	$ 123.3	$ 343.6	$ 343.6	$ 321.2	$ 219.1
Beginning balance	123.3	343.6	343.6
Net loss attributable to redeemable noncontrolling interests			(14.9)	(9.2)	(17.7)
Net loss attributable to redeemable noncontrolling interests	(0.5)	(1.2)
Noncontrolling interests discount accretion			0	13.2	22.7
Adjustments to redemption value			83.4	78.4	98.6
Adjustments to redemption value	0.3	6
Other			(93.2)	1.7	0
Cash distributions			(1)	(6.6)	(1.5)
Cash distributions	(0.1)	(0.6)
Purchase of noncontrolling interest	0	(0.6)	(194.6)	(55.1)	0
Ending balance			123.3	343.6	$ 321.2
Ending balance	$ 123	$ 347.2	$ 123.3	$ 343.6

Noncontrolling Interests - Narr

Noncontrolling Interests - Narrative (Details) - USD ($) $ in Millions

3 Months Ended

12 Months Ended

Nov. 12, 2024

Jan. 31, 2024

Jan. 02, 2024

Feb. 28, 2023

Apr. 02, 2021

May 29, 2018

Jun. 30, 2024

Mar. 31, 2024

Jun. 30, 2023

Mar. 31, 2024

Mar. 31, 2023

Mar. 31, 2022

Jan. 31, 2027

Jun. 05, 2024

Nov. 14, 2022

Nov. 12, 2015

Redeemable Noncontrolling Interest [Line Items]

Incremental compensation expense

$ 49.2

Purchase of noncontrolling interest

$ 194.1

$ 0

$ 0.6

194.6

$ 36.5

$ 0

Noncontrolling interests

34.8

$ 2.2

$ 2.2

$ 1.5

Forecast

Redeemable Noncontrolling Interest [Line Items]

Noncontrolling interest, call period (in days)

30 days

3 Arts Entertainment

Redeemable Noncontrolling Interest [Line Items]

Increase in ownership percentage

25%

Noncontrolling interests discount accretion

$ 93.2

3 Arts Entertainment | Forecast

Redeemable Noncontrolling Interest [Line Items]

Noncontrolling owner's right to purchase remaining ownership interest of parent

24%

Pilgrim Media Group

Redeemable Noncontrolling Interest [Line Items]

Ownership percentage

12.50%

CP LG Library Holdings, LLC

Redeemable Noncontrolling Interest [Line Items]

Ownership percentage by noncontrolling owners

49%

Noncontrolling interests

$ 34.5

Three Arts Entertainment

Redeemable Noncontrolling Interest [Line Items]

Percentage of redeemable non controlling interest ownership percentage

25%

25%

25%

49%

37.50%

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 | Other Noncurrent Liabilities

Redeemable Noncontrolling Interest [Line Items]

Compensatory portion of non controlling interest

$ 93.2

$ 93.2

Pilgrim Media Group

Redeemable Noncontrolling Interest [Line Items]

Non compensatory non controlling interest

$ 90.1

Percentage of redeemable non controlling interest ownership percentage

25%

25%

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 - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 588.4	$ 625	$ 2,986.4	$ 3,083.8	$ 2,716.3
Television Production
Disaggregation of Revenue [Line Items]
Revenue	241.1	218.5	1,330.1	1,760.1	1,531
Motion Picture
Disaggregation of Revenue [Line Items]
Revenue	347.3	406.5	1,656.3	1,323.7	1,185.3
Operating segments
Disaggregation of Revenue [Line Items]
Revenue			2,986.4	3,083.8	2,716.3
Operating segments | Motion Picture Segment
Disaggregation of Revenue [Line Items]
Revenue			1,656.3	1,323.7	1,185.3
Operating segments | Motion Picture Segment | Theatrical
Disaggregation of Revenue [Line Items]
Revenue			226.5	120.7	65.3
Operating segments | Motion Picture Segment | Total Home Entertainment
Disaggregation of Revenue [Line Items]
Revenue			736.3	598	612.1
Operating segments | Motion Picture Segment | Total Home Entertainment | Digital Media
Disaggregation of Revenue [Line Items]
Revenue			652.3	527.5	497.1
Operating segments | Motion Picture Segment | Total Home Entertainment | Packaged Media
Disaggregation of Revenue [Line Items]
Revenue			84	70.5	115
Operating segments | Motion Picture Segment | Televison
Disaggregation of Revenue [Line Items]
Revenue			274.4	217.8	257.9
Operating segments | Motion Picture Segment | International
Disaggregation of Revenue [Line Items]
Revenue			391	365	234.4
Operating segments | Motion Picture Segment | Other
Disaggregation of Revenue [Line Items]
Revenue			28.1	22.2	15.6
Operating segments | Television Production
Disaggregation of Revenue [Line Items]
Revenue	241.1	218.5	1,330.1	1,760.1	1,531
Operating segments | Television Production | Digital Media
Disaggregation of Revenue [Line Items]
Revenue	18.9	11.8
Operating segments | Television Production | Packaged Media
Disaggregation of Revenue [Line Items]
Revenue	0.9	0.4
Operating segments | Television Production | Total Home Entertainment
Disaggregation of Revenue [Line Items]
Revenue	19.8	12.2
Operating segments | Television Production | Television
Disaggregation of Revenue [Line Items]
Revenue	160.2	150
Operating segments | Television Production | International
Disaggregation of Revenue [Line Items]
Revenue	35.5	31.9
Operating segments | Television Production | Other
Disaggregation of Revenue [Line Items]
Revenue	25.6	24.4
Operating segments | Television Production | Total Home Entertainment
Disaggregation of Revenue [Line Items]
Revenue			242.6	245	92
Operating segments | Television Production | Total Home Entertainment | Digital Media
Disaggregation of Revenue [Line Items]
Revenue			240.6	241.7	85.1
Operating segments | Television Production | Total Home Entertainment | Packaged Media
Disaggregation of Revenue [Line Items]
Revenue			2	3.3	6.9
Operating segments | Television Production | Televison
Disaggregation of Revenue [Line Items]
Revenue			788.5	1,144.3	1,094.5
Operating segments | Television Production | International
Disaggregation of Revenue [Line Items]
Revenue			228.8	277.7	256.5
Operating segments | Television Production | Other
Disaggregation of Revenue [Line Items]
Revenue			$ 70.2	$ 93.1	$ 88
Operating segments | Motion Picture
Disaggregation of Revenue [Line Items]
Revenue	347.3	406.5
Operating segments | Motion Picture | Digital Media
Disaggregation of Revenue [Line Items]
Revenue	140.1	174.1
Operating segments | Motion Picture | Packaged Media
Disaggregation of Revenue [Line Items]
Revenue	9.2	25.9
Operating segments | Motion Picture | Theatrical
Disaggregation of Revenue [Line Items]
Revenue	36	65.9
Operating segments | Motion Picture | Total Home Entertainment
Disaggregation of Revenue [Line Items]
Revenue	149.3	200
Operating segments | Motion Picture | Television
Disaggregation of Revenue [Line Items]
Revenue	88	48.5
Operating segments | Motion Picture | International
Disaggregation of Revenue [Line Items]
Revenue	68.3	81
Operating segments | Motion Picture | Other
Disaggregation of Revenue [Line Items]
Revenue	$ 5.7	$ 11.1

Revenue - Schedule of Disaggr_2

Revenue - Schedule of Disaggregation of Revenue (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue from contract with customers excluding assessed tax	$ 588.4	$ 625	$ 2,986.4	$ 3,083.8	$ 2,716.3
Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customers excluding assessed tax			2,986.4	3,083.8	2,716.3
Reportable Segments | Starz Business
Disaggregation of Revenue [Line Items]
Revenue from contract with customers excluding assessed tax	64.2	16.5
Motion Picture Segment | Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customers excluding assessed tax			1,656.3	1,323.7	1,185.3
Motion Picture Segment | Starz Business
Disaggregation of Revenue [Line Items]
Revenue from contract with customers excluding assessed tax			128.2	44.2	38
Television Production
Disaggregation of Revenue [Line Items]
Revenue from contract with customers excluding assessed tax	241.1	218.5	1,330.1	1,760.1	1,531
Television Production | Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customers excluding assessed tax	241.1	218.5	1,330.1	1,760.1	1,531
Television Production | Reportable Segments | Starz Business
Disaggregation of Revenue [Line Items]
Revenue from contract with customers excluding assessed tax	$ 39.6	$ 81
Television Production | Starz Business
Disaggregation of Revenue [Line Items]
Revenue from contract with customers excluding assessed tax			$ 417.7	$ 731.3	$ 610.2

Revenue - Schedule of Revenue,

Revenue - Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations	$ 1,804.3	$ 1,765.9
Rest of Year Ending March 31, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations	1,013.7
2025
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations		1,180.1
2026
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations	661.2	486.3
2027
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations	72.3	48.5
Thereafter
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations	$ 57.1	$ 51

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Disaggregation of Revenue [Line Items]
Revenues recognized	$ 74.1	$ 113.1
Revenue recognized in period from performance obligations satisfied in previous period	$ 89.3
E One
Disaggregation of Revenue [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, current liabilities, deferred revenue		65.6
Television Production
Disaggregation of Revenue [Line Items]
Contract with customer performance obligation satisfied in the previous period fixed and variable fee		$ 290.6

Revenue - Schedule of Accounts

Revenue - Schedule of Accounts Receivable, Provision for Doubtful Accounts (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Disaggregation of Revenue [Line Items]
Trade accounts receivable (Opening)	$ 6.4	$ 8.7
Beginning Balance	6.4
(Benefit) provision for doubtful accounts	(0.4)	(0.3)
Other		1.3
Other	2.5
Uncollectible accounts written-off	(0.2)	(3.3)
Trade accounts receivable (Closing)		6.4
Ending Balance	$ 8.3	$ 6.4

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Anti-dilutive Shares Issuable (Details) - shares shares in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
SEAC Sponsor Options
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares issuable (in shares)	2.2	0

Net Loss Per Share - Narrative

Net Loss Per Share - Narrative (Details)	May 13, 2024 shares
Earnings Per Share [Abstract]
Shares issued to Lionsgate (in shares)	253,435,794

Net Loss Per Share - Schedule_2

Net Loss Per Share - Schedule of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended			12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Numerator:
Net loss attributable to Lionsgate Studios Corp. shareholders		$ (43.5)	$ (20.5)	$ (93.5)	$ (0.3)	$ 11.1
Accretion of redeemable noncontrolling interest		(0.3)	0
Net loss attributable to Lionsgate shareholders after accretion of redeemable noncontrolling interest, basic		(43.8)	(20.5)	$ (105.4)	$ (0.3)	$ 11.1
Net loss attributable to Lionsgate shareholders after accretion of redeemable noncontrolling interest, diluted		$ (43.8)	$ (20.5)
Denominator:
Weighted average common shares outstanding, basic (in shares)		272.4	253.4	253.4	253.4	253.4
Weighted average common shares outstanding, diluted (in shares)		272.4	253.4	253.4	253.4	253.4
Basic net loss per common share (in USD per share)	$ (0.16)	$ (0.16)	$ (0.08)	$ (0.42)	$ 0	$ 0.04
Diluted net loss per common share (in USD per share)	$ (0.16)	$ (0.16)	$ (0.08)	$ (0.42)	$ 0	$ 0.04

Capital Stock - Schedule of Sto

Capital Stock - Schedule of Stock Option, SARs, Restricted Stock and Restricted Share Unit Activity (Details) shares in Millions	3 Months Ended
	Jun. 30, 2024 $ / shares shares
Lions Gate Class A Voting Shares | Stock Options and SARs
Number of Shares
Number of Shares, beginning balance	2.4
Granted (in shares)	0
Options exercised (in shares)	0
Forfeited or expired (in shares)	0
Number of Shares, ending balance	2.4
Weighted-Average Exercise Price
Outstanding, weighted average exercise price (in USD per share), beginning Balance | $ / shares	$ 22.96
Granted, weighted average exercise price (in USD per share) | $ / shares	0
Options exercised, weighted average exercise price (in USD per share) | $ / shares	0
Forfeited or expired, weighted average exercise price (in USD per share) | $ / shares	11.71
Outstanding, weighted average exercise price (in USD per share), ending balance | $ / shares	$ 23
Lions Gate Class A Voting Shares | Stock Options and SARs | Maximum
Number of Shares
Forfeited or expired (in shares)	(0.1)
Lions Gate Class A Voting Shares | Restricted Stock and Restricted Share Units (RSUs)
Number of Shares
Outstanding (in shares), beginning balance	0.1
Granted (in shares)	0
Vested (in shares)	0
Forfeited or expired (in shares)	0
Outstanding (in shares), ending balance	0.1
Weighted-Average Grant-Date Fair Value
Outstanding, weighted average grant-date fair value (in USD per share), beginning balance | $ / shares	$ 9.27
Granted, weighted average grant date fair value (in USD per share) | $ / shares	0
Restricted stock or RSUs vested, weighted average grant-date fair value (in USD per share) | $ / shares	0
Forfeited or expired, weighted average grant-date fair value (in USD per share) | $ / shares	0
Outstanding, weighted average grant-date fair value (in USD per share), ending balance | $ / shares	$ 9.27
Lions Gate Class B Non-Voting Shares | Stock Options and SARs
Number of Shares
Number of Shares, beginning balance	17.1
Granted (in shares)	0
Options exercised (in shares)	0
Forfeited or expired (in shares)	(2)
Number of Shares, ending balance	15.1
Weighted-Average Exercise Price
Outstanding, weighted average exercise price (in USD per share), beginning Balance | $ / shares	$ 13.92
Granted, weighted average exercise price (in USD per share) | $ / shares	0
Options exercised, weighted average exercise price (in USD per share) | $ / shares	7.13
Forfeited or expired, weighted average exercise price (in USD per share) | $ / shares	14.55
Outstanding, weighted average exercise price (in USD per share), ending balance | $ / shares	$ 13.84
Lions Gate Class B Non-Voting Shares | Restricted Stock and Restricted Share Units (RSUs)
Number of Shares
Outstanding (in shares), beginning balance	9.8
Granted (in shares)	0.2
Vested (in shares)	(0.6)
Forfeited or expired (in shares)	(0.1)
Outstanding (in shares), ending balance	9.3
Weighted-Average Grant-Date Fair Value
Outstanding, weighted average grant-date fair value (in USD per share), beginning balance | $ / shares	$ 8.93
Granted, weighted average grant date fair value (in USD per share) | $ / shares	7.95
Restricted stock or RSUs vested, weighted average grant-date fair value (in USD per share) | $ / shares	9.17
Forfeited or expired, weighted average grant-date fair value (in USD per share) | $ / shares	8.73
Outstanding, weighted average grant-date fair value (in USD per share), ending balance | $ / shares	$ 8.7

Capital Stock - Schedule of Sha

Capital Stock - Schedule of Share-based Compensation Expense by Category (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Expense [Line Items]
Total share-based compensation expense	$ 12.6	$ 12.2
General and administration
Share-Based Compensation Expense [Line Items]
Total share-based compensation expense	12.6	11.7
Restructuring and other
Share-Based Compensation Expense [Line Items]
Total share-based compensation expense	$ 0	$ 0.5

Capital Stock - Schedule of S_2

Capital Stock - Schedule of Share-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024		Mar. 31, 2023		Mar. 31, 2022
Share-Based Compensation Expense [Line Items]
Total Lionsgate Studios employee share-based compensation expense	$ 8.4	$ 8	$ 62.5		$ 73.4		$ 70.2
Corporate allocation of share-based compensation	4.2	3.7
Share-based payment arrangement, total	12.6	11.7	54.8	[1]	69.2	[1]	70.2	[1]
Impact of accelerated vesting on equity awards	0	0.5	$ 7.7	[2]	$ 4.2	[2]	$ 0	[2]
Total share-based compensation expense	12.6	12.2
Stock options
Share-Based Compensation Expense [Line Items]
Total Lionsgate Studios employee share-based compensation expense	0.2	0.5
Restricted share units and other share-based compensation
Share-Based Compensation Expense [Line Items]
Total Lionsgate Studios employee share-based compensation expense	8	7.4
Share appreciation rights
Share-Based Compensation Expense [Line Items]
Total Lionsgate Studios employee share-based compensation expense	$ 0.2	$ 0.1
[1]The following table reconciles total share-based compensation expense to adjusted 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.

Capital Stock - Narrative (Deta

Capital Stock - Narrative (Details) - $ / shares	Jun. 30, 2024	May 13, 2024	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued (in shares)	288,700,000		253,400,000	253,400,000
Common shares exceeds price per share (in USD per share)	$ 16.05
SEAC Sponsor Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued (in shares)		2,200,000
Sponsor Option Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par or stated value per share (in USD per share)		$ 0.0001

Share-Based Compensation - Summ

Share-Based Compensation - Summary Of Share-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024		Mar. 31, 2023		Mar. 31, 2022
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	$ 0	$ 0.5	7.7	[1]	4.2	[1]	0	[1]
Total share-based compensation expense	8.4	8	62.5		73.4		70.2
Tax impact			(15.1)		(17.8)		(16.7)
Reduction in net income			47.4		55.6		53.5
Stock options
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	0.2	0.5
Share appreciation rights
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	$ 0.2	$ 0.1
Reportable Subsegments
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation Expense:			39.8		42.5		50.6
Reportable Subsegments | Stock options
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation Expense:			1.7		2.3		9.6
Reportable Subsegments | Restricted share units and other share-based compensation
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation Expense:			37.7		39.3		38.6
Reportable Subsegments | Share appreciation rights
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation Expense:			0.4		0.9		2.4
Corporate Segment
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation Expense:			$ 15		$ 26.7		$ 19.6
[1]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.

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - Two Thousand And Nineteen Lions Gate Plan - 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
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 | Stock options
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 | Restricted Stock And Restricted Share Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation by share based award period of service	3 years
Minimum | Stock options
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 | Restricted Stock And Restricted Share Units
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 - Su_2

Share-Based Compensation - Summary Of Share-Based Compensation Expense, By Expense Category (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-Based Compensation Expense:	$ 8.4	$ 8	$ 62.5	$ 73.4	$ 70.2
General and administrative expense
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-Based Compensation Expense:			54.8	69.2	70.2
Restructuring and other
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-Based Compensation Expense:			$ 7.7	$ 4.2	$ 0

Share-Based Compensation - Su_3

Share-Based Compensation - Summary Of Stock Option, And Share Appreciation Rights (Details) - Two Thousand And Nineteen Lions Gate Plan - Stock Option And Share Appreciation Rights $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Common Class A
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Shares, beginning balance | shares	4.3
Forfeited or expired (in shares) | shares	(1.9)
Number of Shares, ending balance | shares	2.4
Number of Shares, Vested or expected to vest | shares	2.4
Number of Shares, Exercisable | shares	2.4
Outstanding, weighted average exercise price (in USD per share), beginning Balance	$ 26.35
Options exercised, weighted average exercise price (in USD per share)	7.7
Forfeited or expired, weighted average exercise price (in USD per share)	30.81
Outstanding, weighted average exercise price (in USD per share), ending balance	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
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Shares, beginning balance | shares	19
Granted (in shares) | shares	0.3
Options exercised (in shares) | shares	(0.1)
Forfeited or expired (in shares) | shares	(2.1)
Number of Shares, ending balance | shares	17.1
Number of Shares, Vested or expected to vest | shares	17
Number of Shares, Exercisable | shares	16.4
Outstanding, weighted average exercise price (in USD per share), beginning Balance	$ 15.5
Granted, weighted average exercise price (in USD per share)	8.88
Options exercised, weighted average exercise price (in USD per share)	7.11
Forfeited or expired, weighted average exercise price (in USD per share)	27.72
Outstanding, weighted average exercise price (in USD per share), ending balance	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) (Details) shares in Millions	12 Months Ended
	Mar. 31, 2024 shares
Stock Option And Share Appreciation Rights | Maximum | Common Class A
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 Restricted Share Unit And Restricted Stock Activity (Details) - Restricted Stock And Restricted Stock Unit	12 Months Ended
	Mar. 31, 2024 $ / shares shares
Common Class A
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding (in shares), beginning balance | shares	0
Granted (in shares) | shares	0.1
Vested (in shares) | shares	0
Forfeited or expired (in shares) | shares	0
Outstanding (in shares), ending balance | shares	0.1
Outstanding, weighted average grant-date fair value (in USD per share), beginning balance | $ / 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
Outstanding, weighted average grant-date fair value (in USD per share), ending balance | $ / shares	$ 9.27
Common Class B
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding (in shares), beginning balance | shares	10.8
Granted (in shares) | shares	6.3
Vested (in shares) | shares	(7)
Forfeited or expired (in shares) | shares	(0.3)
Outstanding (in shares), ending balance | shares	9.8
Outstanding, weighted average grant-date fair value (in USD per share), beginning balance | $ / 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
Outstanding, weighted average grant-date fair value (in USD per share), ending balance | $ / shares	$ 8.93

Share-Based Compensation - Su_6

Share-Based Compensation - Summary Of Restricted Share Unit And Restricted Stock Activity (Parenthetical) (Details) - Restricted Stock And Restricted Stock Unit - Two Thousand And Nineteen Lions Gate Plan - 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 vested during the period	$ 67.5	$ 40
Maximum
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			$ 51

Share-Based Compensation - Su_7

Share-Based Compensation - Summary Of Weighted Average Grant-Date Fair Value Of Options Granted (Details) - Two Thousand And Nineteen Lions Gate Plan - Share-Based Payment Arrangement, Option - $ / 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
Weighted average assumptions:
Expected option lives (in years)	3 years 3 months 18 days	3 years 6 months	3 years 3 months 18 days
Minimum
Weighted average assumptions:
Expected option lives (in years)	7 years	7 years	7 years

Share-Based Compensation- Summa

Share-Based Compensation- Summary Of Weighted Average Grant-Date Fair Value Of Options Granted (Parenthetical) (Details) - Two Thousand And Nineteen Lions Gate Plan - 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 | Stock options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares paid for tax witholding for share based compensation		0.1	0.1

Share-Based Compensation - Su_8

Share-Based Compensation - Summary Of Total Remaining Unrecognized Compensation Cost (Details) $ 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
Total Unrecognized Compensation Cost
Weighted Average Remaining Years	1 year 6 months
Restricted Stock And Restricted Stock Unit
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) (Details) - shares shares in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Restricted Stock And Restricted Stock Unit | Two Thousand And Nineteen Lions Gate Plan
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

Income Taxes - Summary Of Compo

Income Taxes - Summary Of Components Of Pretax Income (Loss) (Details) - 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 (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	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	$ 5	$ 6.6	$ 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 (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	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 U.S. 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	$ 5	$ 6.6	$ 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 (Details) - 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 (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
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 - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Contingency [Line Items]
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
Income Tax Contingency [Line Items]
Tax Credit Carryforward, Amount	359.6
SPAIN
Income Tax Contingency [Line Items]
Tax Credit Carryforward, Amount	$ 96.1
State and Local Jurisdiction
Income Tax Contingency [Line Items]
Operating Loss Carryforwards		$ 95.1

Restructuring and Other - Restr

Restructuring and Other - Restructuring and Other (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Other impairments				$ 12.8	$ 5.9	$ 0
Cash				27.5	10.8	2.8
Accelerated vesting on equity awards (see Note 13)				7.7	4.2	0
Total severance costs				35.2	15	2.8
COVID-19 related charges included in restructuring and other				0	0.1	1
Transaction and other costs				84.9	6.2	2.5
Total Restructuring and Other				132.9	27.2	6.3
COVID-19 related charges (benefit) included in Direct operating expense	[1]			(0.9)	(8.9)	(5.2)
Content charges included in direct operating expense	[2]			1.5	8.1	0
Charges related to Russia's invasion of Ukraine included in direct operating expense	[3]			0	0	5.9
Total restructuring and other and other unusual charges not included in restructuring and other				133.5	26.4	7
Restructuring and other		$ 27.7	$ 4.1	132.9	27.2	6.3
COVID-19 related (charges) benefit included in direct operating expense	[4]			$ (0.9)	$ (8.9)	$ (5.2)
Total restructuring and other and other unusual charges not included in restructuring and other		30.9	4.2
Corporate and reconciling items
Restructuring Cost and Reserve [Line Items]
Restructuring and other		27.7	4.1
COVID-19 related (charges) benefit included in direct operating expense		(2)	0.1
Unallocated rent cost included in direct operating expense		5.2	0
Direct operating expense
Restructuring Cost and Reserve [Line Items]
COVID-19 related (charges) benefit included in direct operating expense		(2)	0.1
Other impairments
Restructuring Cost and Reserve [Line Items]
Restructuring and other		18	0
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and other		3	2.5
Transaction and other costs
Restructuring Cost and Reserve [Line Items]
Restructuring and other		6.7	1.6
Cash | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and other		3	2
Accelerated vesting on equity awards | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and other		$ 0	$ 0.5
[1]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.[2]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.[3]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.[4]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.

Restructuring and Other - Res_2

Restructuring and Other - Restructuring and Other (Details) (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2025	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Operating Lease, Impairment Loss				$ 12.8
Equipment Cost For Insurance Recoveries Amount				1	$ 8.4	$ 15.6
Development costs written off				5.8
Incremental compensation expense				49.2
Insurance recoveries	$ 2
Three Arts Entertainment
Restructuring Cost and Reserve [Line Items]
Incremental compensation expense		$ 49.2		$ 49.2
Fifty One Percent Consolidated Entity
Restructuring Cost and Reserve [Line Items]
Equity method investment ownership percentage		51%		51%
Loss associated with theft			$ 16.6

Restructuring and Other - Sever

Restructuring and Other - Severance Liability Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Beginning balance		$ 3.7	$ 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
Severance liability
Restructuring and Other Severance Liability
Beginning balance	$ 19.3	3.7	3.7
Accruals	3	2
Severance payments	(8.2)	(4.9)
Ending balance	$ 14.1	$ 0.8	$ 19.3	$ 3.7

Restructuring and Other - Summa

Restructuring and Other - Summary of Changes in the Restructuring and Other Severance Liability (Parenthetical) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Jun. 30, 2024
Severance Liability	$ 19.3
Accounts Payable and Accrued Liabilities | Employee Severance
Remaining severance liability, expected to be paid in next 12 months		$ 14.1

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Segment revenues	$ 588.4	$ 625	$ 2,986.4	$ 3,083.8	$ 2,716.3
Gross contribution	143.2	134.2	638	571.6	480.1
Segment general and administration	46.4	42.1	171.8	161.7	133.3
Segment profit	96.8	92.1	466.2	409.9	346.8
Motion Picture
Segment Reporting Information [Line Items]
Segment revenues	347.3	406.5	1,656.3	1,323.7	1,185.3
Gross contribution	114.6	98.6	433.3	386.3	356
Segment general and administration	28.5	29.4	113.9	109.8	93.1
Segment profit	86.1	69.2	319.4	276.5	262.9
Television Production
Segment Reporting Information [Line Items]
Segment revenues	241.1	218.5	1,330.1	1,760.1	1,531
Gross contribution	28.6	35.6	204.7	185.3	124.1
Segment general and administration	17.9	12.7	57.9	51.9	40.2
Segment profit	$ 10.7	$ 22.9	$ 146.8	$ 133.4	$ 83.9

Segment Information - Schedul_2

Segment Information - Schedule of Reconciliation of Total Segment Profit to the Company's Income (Loss) Before Income Taxes (Details) - USD ($) $ in Millions			3 Months Ended		12 Months Ended
		Oct. 17, 2022	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024		Mar. 31, 2023		Mar. 31, 2022
Segment Reporting Information [Line Items]
Company's total segment profit			$ 96.8	$ 92.1	$ 466.2		$ 409.9		$ 346.8
Corporate general and administrative expenses					(110.6)		(100.9)		(80)
Adjusted depreciation and amortization			(3.6)	(2.8)	(10.5)		(12.2)		(12.4)
Restructuring and other			(27.7)	(4.1)	(132.9)		(27.2)		(6.3)
COVID-19 related benefit (charges) included in direct operating expense and distribution and marketing expense	[1]				0.9		8.9		5.2
Content charges	[2]				(1.5)		(8.1)		0
Charges related to Russia's invasion of Ukraine	[3]				0		0		(5.9)
Adjusted share-based compensation expense			(12.6)	(11.7)	(54.8)	[4]	(69.2)	[4]	(70.2)	[4]
Purchase accounting and related adjustments	[5]				(17.1)		(61.6)		(65.3)
Operating income			15.6	37	139.7		139.6		111.9
Interest expense			(58.6)	(49.9)	(222.5)		(162.6)		(115)
Interest and other income			5.1	2.2	19.2		6.4		28
Other expense			(1.4)	(3.8)	(20)		(21.2)		(8.6)
Loss on extinguishment of debt			(1)	0	(1.3)		(1.3)		(3.4)
Gain on investments, net					3.5		44		1.3
Equity interests income (loss)		$ 43.4	0.9	(0.3)	8.7		0.5		(3)
Loss before income taxes			(39.4)	(14.8)	$ (72.7)		$ 5.4		$ 11.2
Operating segments
Segment Reporting Information [Line Items]
Company's total segment profit			96.8	92.1
Corporate
Segment Reporting Information [Line Items]
Corporate general and administrative expenses			(31)	(24.5)
Corporate and reconciling items
Segment Reporting Information [Line Items]
Adjusted depreciation and amortization			(3.6)	(2.8)
Restructuring and other			(27.7)	(4.1)
COVID-19 related benefit (charges) included in direct operating expense and distribution and marketing expense			2	(0.1)
Content charges			0	(0.4)
Unallocated rent cost included in direct operating expense			(5.2)	0
Adjusted share-based compensation expense			(12.6)	(11.7)
Purchase accounting and related adjustments			$ (3.1)	$ (11.5)
[1]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.[2]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).[3]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.[4]The following table reconciles total share-based compensation expense to adjusted share-based compensation expense:[5]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:

Segment Information - Schedul_3

Segment Information - Schedule of Adjusted Depreciation and Amortization (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
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	$ 3.6	$ 2.8	10.5	12.2	12.4
Depreciation and amortization	4.6	4.2	$ 15.6	$ 17.9	$ 18.1
Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted depreciation and amortization	3.6	2.8
Purchase accounting and related adjustments | Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Depreciation and amortization	$ (1)	$ (1.4)

Segment Information - Schedul_4

Segment Information - Schedule of Adjusted Share-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024		Mar. 31, 2023		Mar. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total share-based compensation expense	$ 12.6	$ 12.2	$ 62.5	[1]	$ 73.4	[1]	$ 70.2	[1]
Amount included in restructuring and other	0	(0.5)	(7.7)	[2]	(4.2)	[2]	0	[2]
Adjusted share-based compensation	12.6	11.7	$ 54.8		$ 69.2		$ 70.2
Corporate and reconciling items | Restructuring and other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Amount included in restructuring and other	$ 0	$ (0.5)
[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]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 O

Segment Information - Summary Of Reconciles Total Share Based Compensation Expense (Parentheticals) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Total share-based compensation expense	$ 12.6	$ 12.2	$ 62.5	$ 73.4	$ 70.2
LIONSGATE STUDIOS CORP.
Total share-based compensation expense			$ 15	$ 26.7	$ 19.6

Segment Information - Summary_2

Segment Information - Summary Of Purchase Accounting And Related Adjustments (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
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
Amortization of recoupable portion of the purchase price				1.3		7.7	7.7
Purchase accounting and related adjustments	[2]			17.1		61.6	65.3
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
Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments		$ 3.1	$ 11.5
General and administrative expense
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
General and administrative expense		2.1	10.1
General and administrative expense | Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Amortization of recoupable portion of the purchase price		0	1.3
Purchase accounting and related adjustments		2.1	10.1
Noncontrolling equity interest in distributable earnings		2.1	8.8
Depreciation and amortization expense | Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments		$ 1	$ 1.4
[1](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.[2]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:

Segment Information - Schedul_5

Segment Information - Schedule of Reconciliation of Segment General and Administrative Expense to Consolidated (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting, Other Significant Reconciling Item [Line Items]
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
General and administration		$ 92.1	$ 88.4	$ 349.2	$ 387	$ 342.7
Operating segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Segment general and administrative expenses		46.4	42.1
Corporate
Segment Reporting, Other Significant Reconciling Item [Line Items]
Corporate general and administrative expenses		31	24.5
General and administrative expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Purchase accounting and related adjustments		2.1	10.1
General and administrative expense | Corporate and reconciling items
Segment Reporting, Other Significant Reconciling Item [Line Items]
Share-based compensation expense included in general and administrative expense		$ 12.6	$ 11.7
[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](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 General And Administration Of The Company (Parentheticals) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Allocated share based compensation expenses	$ 8.4	$ 8	$ 62.5	$ 73.4	$ 70.2
Allocation of Corporate and Shared Employee Share Based Compensation
Allocated share based compensation expenses			$ 15	$ 26.7	$ 19.6

Segment Information - Schedul_6

Segment Information - Schedule of Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Millions		Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		$ 5,265.8	$ 5,103	$ 4,412.7
Other unallocated assets
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		5,265.8	5,103
Motion Picture
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets			1,851.4	1,759.4
Motion Picture | Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,051.2	1,851.4
Television Production
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets			2,347.8	1,949.1
Television Production | Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,347.8	2,419.3
Other unallocated assets
Segment Reporting, Asset Reconciling Item [Line Items]
Other Assets	[1]		903.8	$ 704.2
Other unallocated assets | Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		$ 903.8	$ 795.3
[1]Other unallocated assets primarily consist of cash, other assets and investments.

Segment Information - Summary_4

Segment Information - Summary Of Acquisition Of Investment In Films And Television Programs (Details) - 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
Acquisition of investment in films and television programs	418.1	484.5	463.1
Television Production
Acquisition of investment in films and television programs	$ 702.4	$ 1,083.9	$ 1,287

Segment Information - Summary_5

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

Segment Information - Summary_6

Segment Information - Summary Of Revenue From External Customers By Geographic Areas (Details) - 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
Canada
Revenue	70.4	64	56.7
United States
Revenue	2,262.3	2,348.8	2,084
Other foreign
Revenue	$ 653.7	$ 671	$ 575.6

Segment Information - Summary_7

Segment Information - Summary Of Long-lived Assets By Geographic Areas (Details) - 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
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	[1]	2,047.6	1,736.5
Other foreign
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 - Narrative

Segment Information - Narrative (Details) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2023 Segment	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)
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%
Number of Reportable Segments | Segment	2
Starz Business
Revenues		$ 545.9	775.5	$ 648.2
Amount due from customer		33.4	157.6
Motion Picture And Television Production
Revenue from one individual external customer		$ 411.1	$ 337.1
Maximum
Percentage of total revenue		10%
Percentage of accounts receivable due from one customer			10%
Percentage of accounts receivable due from two customer		10%
Maximum | Motion Picture And Television Production
Percentage of revenue from one individual external customer		10%	10%

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Annual Repayment of Contractual Commitments (Details) $ 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
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
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
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.

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Commitments and Contingencies [Line Items]
Redeemable Non controlling Interest	$ 123.3
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	$ 87	$ 90.4
Litigation Settlement, Amount Awarded from Other Party			$ 22.7

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Forward Foreign Exchange Contracts (Details) - Forward exchange contracts € in Millions, £ in Millions, Kč in Millions, Ft in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions	Jun. 30, 2024 GBP (£)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CZK (Kč)	Jun. 30, 2024 EUR (€)	Jun. 30, 2024 CAD ($)	Jun. 30, 2024 MXN ($)	Jun. 30, 2024 HUF (Ft)	Jun. 30, 2024 NZD ($)	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 ($)	Mar. 31, 2024 HUF (Ft)	Mar. 31, 2024 NZD ($)
British Pound Sterling
Derivative [Line Items]
US Dollar Amount or Notional Amount	£ 2.2	$ 2.9							£ 0.5
Derivative Liability, Notional Amount										$ 0.6
Weighted Average Exchange Rate Per $1 USD	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.79	0.79	0.79	0.79	0.79	0.79	0.79	0.79
Czech Koruna
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 7.7	Kč 180								Kč 180
Derivative Liability, Notional Amount										$ 7.7
Weighted Average Exchange Rate Per $1 USD	23.29	23.29	23.29	23.29	23.29	23.29	23.29	23.29	23.29	23.29	23.29	23.29	23.29	23.29	23.29	23.29
Euro
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 9.2		€ 9.6								€ 0.6
Derivative Liability, Notional Amount										$ 0.5
Weighted Average Exchange Rate Per $1 USD	0.96	0.96	0.96	0.96	0.96	0.96	0.96	0.96	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91
Canadian Dollar
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 7.3			$ 9.8								$ 21.4
Derivative Liability, Notional Amount										$ 15.9
Weighted Average Exchange Rate Per $1 USD	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34
PLN
Derivative [Line Items]
Derivative Liability, Notional Amount										$ 3
Weighted Average Exchange Rate Per $1 USD									18.95	18.95	18.95	18.95	18.95	18.95	18.95	18.95
Mexican Peso
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 0.9				$ 18.7								$ 56.7
Weighted Average Exchange Rate Per $1 USD	20.7	20.7	20.7	20.7	20.7	20.7	20.7	20.7
Hungarian Forint
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 12.6					Ft 4,571.3								Ft 1,450
Derivative Liability, Notional Amount										$ 4
Weighted Average Exchange Rate Per $1 USD	370.84	370.84	370.84	370.84	370.84	370.84	370.84	370.84	360.17	360.17	360.17	360.17	360.17	360.17	360.17	360.17
New Zealand Dollar
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 26.7						$ 43.6								$ 73.9
Derivative Liability, Notional Amount										$ 45.3
Weighted Average Exchange Rate Per $1 USD	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Interest Rate Swaps (Details) - USD ($) $ in Millions		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2024
Cash Flow Hedging | Interest Rate Swaption
Derivative [Line Items]
Notional Amount		$ 1,700
Cash Flow Hedging | Tranche One | Interest Rate Swaption
Derivative [Line Items]
Notional Amount		300
Cash Flow Hedging | Tranche Two | Interest Rate Swaption
Derivative [Line Items]
Notional Amount		700
Cash Flow Hedging | Tranche Three | Interest Rate Swaption
Derivative [Line Items]
Notional Amount		200
Cash Flow Hedging | Tranche Four | Interest Rate Swaption
Derivative [Line Items]
Notional Amount		300
Cash Flow Hedging | Tranche Five | Interest Rate Swaption
Derivative [Line Items]
Notional Amount		50
Cash Flow Hedging | Tranche Six | Interest Rate Swaption
Derivative [Line Items]
Notional Amount		100
Cash Flow Hedging | Tranche Seven | Interest Rate Swaption
Derivative [Line Items]
Notional Amount		50
Designated as Hedging Instrument | Interest rate swaps
Derivative [Line Items]
Notional Amount		$ 1,700		$ 1,700
Designated as Hedging Instrument | Interest rate swaps | Interest Rate Swap, Fixed Rate Paid 2.915%, Effective Date May 23, 2018
Derivative [Line Items]
Fixed Rate Paid (as percent)		2.915%		2.915%
Notional Amount		$ 300		$ 300
Designated as Hedging Instrument | Interest rate swaps | Interest Rate Swap 2, Fixed Rate Paid 2.915%, Effective Date May 23, 2018
Derivative [Line Items]
Fixed Rate Paid (as percent)		2.915%		2.915%
Notional Amount		$ 700		$ 700
Designated as Hedging Instrument | Interest rate swaps | Interest Rate Swap, Fixed Rate Paid 2.723%, Effective Date June 25, 2018
Derivative [Line Items]
Fixed Rate Paid (as percent)		2.723%		2.723%
Notional Amount		$ 200		$ 200
Designated as Hedging Instrument | Interest rate swaps | Interest Rate Swap, Fixed Rate Paid 2.885%, Effective Date July 31, 2018
Derivative [Line Items]
Fixed Rate Paid (as percent)		2.885%		2.885%
Notional Amount		$ 300		$ 300
Designated as Hedging Instrument | Interest rate swaps | Interest Rate Swap, Fixed Rate Paid 2.744%, Effective Date December 24, 2018
Derivative [Line Items]
Fixed Rate Paid (as percent)		2.744%		2.744%
Notional Amount		$ 50		$ 50
Designated as Hedging Instrument | Interest rate swaps | Interest Rate Swap, Fixed Rate Paid 2.808%, Effective Date December 24, 2018
Derivative [Line Items]
Fixed Rate Paid (as percent)		2.808%		2.808%
Notional Amount		$ 100		$ 100
Designated as Hedging Instrument | Interest rate swaps | Interest Rate Swap, Fixed Rate Paid 2.728%, Effective Date December 24, 2018
Derivative [Line Items]
Fixed Rate Paid (as percent)		2.728%		2.728%
Notional Amount		$ 50		$ 50
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swaption
Derivative [Line Items]
Notional Amount			$ 1,700
Designated as Hedging Instrument | Cash Flow Hedging | Tranche One | Interest Rate Swaption
Derivative [Line Items]
Effective Date		May 23, 2018	May 23, 2018
Notional Amount			$ 300
Fixed Rate Paid (as percent)		2.915%	2.915%
Maturity Date		Mar. 24, 2025	Mar. 24, 2025
Designated as Hedging Instrument | Cash Flow Hedging | Tranche Two | Interest Rate Swaption
Derivative [Line Items]
Effective Date		May 23, 2018	May 23, 2018
Notional Amount			$ 700
Fixed Rate Paid (as percent)		2.915%	2.915%
Maturity Date	[1]	Mar. 24, 2025	Mar. 24, 2025
Designated as Hedging Instrument | Cash Flow Hedging | Tranche Three | Interest Rate Swaption
Derivative [Line Items]
Effective Date		Jun. 25, 2018	Jun. 25, 2018
Notional Amount			$ 200
Fixed Rate Paid (as percent)		2.723%	2.723%
Maturity Date	[1]	Mar. 23, 2025	Mar. 23, 2025
Designated as Hedging Instrument | Cash Flow Hedging | Tranche Four | Interest Rate Swaption
Derivative [Line Items]
Effective Date		Jul. 31, 2018	Jul. 31, 2018
Notional Amount			$ 300
Fixed Rate Paid (as percent)		2.885%	2.885%
Maturity Date	[1]	Mar. 23, 2025	Mar. 23, 2025
Designated as Hedging Instrument | Cash Flow Hedging | Tranche Five | Interest Rate Swaption
Derivative [Line Items]
Effective Date		Dec. 24, 2018	Dec. 24, 2018
Notional Amount			$ 50
Fixed Rate Paid (as percent)		2.744%	2.744%
Maturity Date	[1]	Mar. 23, 2025	Mar. 23, 2025
Designated as Hedging Instrument | Cash Flow Hedging | Tranche Six | Interest Rate Swaption
Derivative [Line Items]
Effective Date		Dec. 24, 2018	Dec. 24, 2018
Notional Amount			$ 100
Fixed Rate Paid (as percent)		2.808%	2.808%
Maturity Date	[1]	Mar. 23, 2025	Mar. 23, 2025
Designated as Hedging Instrument | Cash Flow Hedging | Tranche Seven | Interest Rate Swaption
Derivative [Line Items]
Effective Date		Dec. 24, 2018	Dec. 24, 2018
Notional Amount			$ 50
Fixed Rate Paid (as percent)		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

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Derivatives Effect on Statement of Operations and Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Total direct operating expense on consolidated statements of operations	$ 355.8	$ 362.1	$ 1,886.7	$ 2,207.9	$ 1,922.1
Total interest expense on consolidated statements of operations	58.6	49.9	222.5	162.6	115
Forward exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive (income) loss	0.2	(2.5)
Gain (loss) reclassified from accumulated other comprehensive (income) loss	(1)	0.4
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive (income) loss	3.5	27.1
Gain (loss) reclassified from accumulated other comprehensive (income) loss	10.9	9.1
Loss reclassified from accumulated other comprehensive income (loss) into interest expense	$ (1.6)	$ (1.9)
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Total direct operating expense on combined statements of operations			1,886.7	2,207.9	1,922.1
Total interest expense on consolidated statements of operations			222.5	162.6	115
Cash Flow Hedging | Designated as Hedging Instrument | Forward exchange contracts
Derivative Instruments, Gain (Loss) [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			(0.3)	(0.3)	(0.2)
Cash Flow Hedging | Designated as Hedging Instrument | Interest rate swaps
Derivative Instruments, Gain (Loss) [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			41.8	1.4	(15)
Cash Flow Hedging | Not Designated as Hedging Instrument | Interest rate swaps | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated other comprehensive (income) loss			$ (7.2)	$ (11.8)	$ (33.8)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Derivatives by Balance Sheet Location (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative Asset	$ 28.1	$ 35.6
Derivative Liability	$ 1.6	$ 2.8
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets	Other current assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other accrued liabilities	Other accrued liabilities
Designated as Hedging Instrument | Interest rate swaps
Derivatives, Fair Value [Line Items]
Derivative Asset	$ 28.1	$ 35.6
Derivative Liability	0	0
Designated as Hedging Instrument | Forward exchange contracts
Derivatives, Fair Value [Line Items]
Derivative Asset	0	0
Derivative Liability	$ 1.6	2.8
Other Current Assets | Cash Flow Hedging | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative Asset		35.6	$ 2.9
Other Current Assets | Cash Flow Hedging | Designated as Hedging Instrument | Forward exchange contracts
Derivatives, Fair Value [Line Items]
Derivative Asset		0	2.9
Other Current Assets | Cash Flow Hedging | Designated as Hedging Instrument | Interest rate swaps
Derivatives, Fair Value [Line Items]
Derivative Asset		35.6	0
Other Non-current Assets | Cash Flow Hedging | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative Asset		0	41.1
Other Non-current Assets | Cash Flow Hedging | Designated as Hedging Instrument | Forward exchange contracts
Derivatives, Fair Value [Line Items]
Derivative Asset		0	0
Other Non-current Assets | Cash Flow Hedging | Designated as Hedging Instrument | Interest rate swaps
Derivatives, Fair Value [Line Items]
Derivative Asset		0	41.1
Other Accrued Liabilities | Cash Flow Hedging | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative Liability		2.8	0.1
Other Accrued Liabilities | Cash Flow Hedging | Designated as Hedging Instrument | Forward exchange contracts
Derivatives, Fair Value [Line Items]
Derivative Liability		2.8	0.1
Other Accrued Liabilities | Cash Flow Hedging | Designated as Hedging Instrument | Interest rate swaps
Derivatives, Fair Value [Line Items]
Derivative Liability		$ 0	$ 0

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	May 31, 2022	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Derivative [Line Items]
Foreign currency cash flow hedge gains estimated to be reclassified into earnings during next 12 months		$ 4.1
Interest rate swap cash flow hedge gain estimated to be reclassified into earnings during next 12 months		$ 31.1
Remaining maturity of forward foreign exchange contracts, maximum		22 months
Interest Rate Swaption | Not Designated as Hedging Instrument | Cash Flow Hedging
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 | Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Interest rate derivative liability				$ 6.8
Forward exchange contracts | Cash Flow Hedging
Derivative [Line Items]
Foreign currency cash flow hedge gains estimated to be reclassified into earnings during next 12 months			$ 1.5
Interest rate swaps | Cash Flow Hedging
Derivative [Line Items]
Interest rate swap cash flow hedge gain estimated to be reclassified into earnings during next 12 months			$ 30.4

Additional Financial Informat_3

Additional Financial Information - Narrative (Details) - USD ($) $ in Millions	1 Months Ended		12 Months Ended
	Jul. 31, 2023	Dec. 31, 2019	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]
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
Employee-related liabilities			116.2			$ 109.7
Individual Monetization Agreements | Trade Accounts Receivable
Accumulated Other Comprehensive Income (Loss) [Line Items]
Derecognized accounts receivable for which the Company continues to service, amount outstanding			449.2			408
Pooled Monetization Agreements | Trade Accounts Receivable
Accumulated Other Comprehensive Income (Loss) [Line Items]
Revolving agreement, maximum amount of receivables allowed to transfer		$ 100
Pooled Monetization Agreement
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accounts receivable, net			0	52.3
Trade Accounts Receivable
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accounts receivable, net			449.2	$ 350.9
Trade Accounts Receivable | Pooled Monetization Agreement
Accumulated Other Comprehensive Income (Loss) [Line Items]
Derecognized accounts receivable for which the Company continues to service, amount outstanding			$ 0			$ 0

Additional Financial Informat_4

Additional Financial Information - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 167.2	$ 277		$ 210.9
Restricted cash included in other current assets	36.6	43.7		27.5
Restricted cash included in other non-current assets	12.8	13.7		13
Total cash, cash equivalents and restricted cash	$ 216.6	$ 334.4	$ 299.8	$ 251.4	$ 270.3	$ 361.3

Additional Financial Informat_5

Additional Financial Information - Receivables Transferred Under Individual Agreements or Purchases (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss) [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
Third-Party Purchases | Trade Accounts Receivable
Accumulated Other Comprehensive Income (Loss) [Line Items]
Carrying value of receivables transferred and derecognized	$ 107.4	$ 104.3
Net cash proceeds received	104.1	101.6
Loss recorded related to transfers of receivables	$ 3.3	$ 2.7

Additional Financial Informat_6

Additional Financial Information - Other Assets and Other Accrued Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Other current assets
Prepaid expenses and other	$ 35.8	$ 34.8	$ 36
Restricted cash		43.7	27.5
Contract assets		59.9	63.5
Tax credits receivable	218.4	199.1	129.5
Other current assets	373	373.1	256.5
Interest rate swap assets		35.6	0
Restricted cash	36.6	43.7	27.5
Contract assets	54.1	59.9
Interest rate swap assets	28.1	35.6
Other non-current assets
Prepaid expenses and other		18.3	7.4
Restricted cash		13.7	13
Accounts receivable	82.6	111.7	37.8
Contract assets		3.2	5.1
Tax credits receivable	356.5	361.7	341.8
Operating lease right-of-use assets	318.3	344.3	116.8
Interest rate swap assets		0	41.1
Other non-current assets	789.1	852.9	563
Prepaid expenses and other	14.9	18.3
Restricted cash	12.8	13.7	$ 13
Contract assets	$ 4	$ 3.2

Additional Financial Informat_7

Additional Financial Information - Summary of Supplemental Cash Flow Information Related to Leases (Details) - 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

Additional Financial Informat_8

Additional Financial Information - Summary of the Receivables Transferred Under the Pooled Monetization Agreement (Details) - 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_9

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

Additional Financial Informa_10

Additional Financial Information - Summary of Composition of the Company's Other Assets (Parenthetical) (Details) - 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
eOne Acquisition
Schedule Of Other Assets [Line Items]
Contract assets	$ 14.9

Additional Financial Informa_11

Additional Financial Information - Summary of Non Cash Investing Activities (Details) - 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_12

Additional Financial Information - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance Foreign currency translation adjustments	$ (42.1)	$ (41.1)	$ (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	138.8	142.6	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	96.7	101.5	101.5	10.2	(102.4)
Other comprehensive income (loss)	0.7	25.4	29.5	80.6	63.6
Reclassifications to net loss	(8.3)	(7.6)	(34.3)	10.7	49
Ending Balance Total	89.1		96.7	101.5	10.2
Beginning balance	(1,150.2)	(778.9)	(778.9)	(259.5)	(235.3)
Ending balance	(926)	(918.4)	(1,150.2)	(778.9)	(259.5)
Foreign currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss)	(3)	0.9
Reclassifications to net loss	0	0
Beginning balance	(42.1)	(41.1)	(41.1)
Ending balance	(45.1)	(40.2)	(42.1)	(41.1)
Net unrealized gain (loss) on cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss)	3.7	24.5
Reclassifications to net loss	(8.3)	(7.6)
Beginning balance	138.8	142.6	142.6
Ending balance	134.2	159.5	138.8	142.6
Net unrealized gain (loss) on cash flow hedges | Direct Operating Expense
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassifications to net loss	1	0.4
Net unrealized gain (loss) on cash flow hedges | Interest Expense
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassifications to net loss	9.3	7.2
Accumulated Other Comprehensive Income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	96.7	101.5	101.5	10.2	(102.4)
Ending balance	$ 89.1	$ 119.3	$ 96.7	$ 101.5	$ 10.2

Additional Financial Informa_13

Additional Financial Information - Summary of Changes in the Components of Accumulated Other Comprehensive Income Loss (Parenthetical) (Details) - 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_14

Additional Financial Information - Accounts Receivable Monetization (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Transfer of Financial Assets Accounted for as Sales [Line Items]
Net cash proceeds received (paid or to be paid)		$ 491.9	$ 383	$ 278.3
Carrying value of receivables transferred and derecognized		512.3	400.5	285
Loss recorded related to transfers of receivables		$ 20.4	$ 17.5	$ 6.7
Trade Accounts Receivable | Pooled Monetization Agreements
Transfer of Financial Assets Accounted for as Sales [Line Items]
Gross cash proceeds received for receivables transferred and derecognized	$ 5.8
Less amounts from collections reinvested under revolving agreement	(2.9)
Proceeds from new transfers	2.9
Collections not reinvested and remitted or to be remitted	0.5
Net cash proceeds received (paid or to be paid)	3.4
Carrying value of receivables transferred and derecognized	5.8
Obligations recorded	1.1
Loss recorded related to transfers of receivables	$ 1

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
	May 09, 2024	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Related Party Transaction [Line Items]
Corporate expense allocation				$ 110.6	$ 100.9	$ 80
General and administration		$ 92.1	$ 88.4	349.2	387	342.7
Corporate general and administrative expenses				110.6	100.9	$ 80
Corporate
Related Party Transaction [Line Items]
Corporate general and administrative expenses		31	24.5
Corporate | Starz Business
Related Party Transaction [Line Items]
Corporate general and administrative expenses		(2.3)
Starz Business
Related Party Transaction [Line Items]
Corporate general and administrative expenses			(5.8)
Corporate Expense Allocation Excluding Share-Based Compensation | Corporate
Related Party Transaction [Line Items]
Corporate general and administrative expenses		14.2	$ 24.5
Ignite
Related Party Transaction [Line Items]
Payment made for distribution rights				$ 0.3	$ 0.4
Ignite | Michael Burns
Related Party Transaction [Line Items]
Equity ownership percentage excluding consolidated entity and equity method investee				65.45%
Ignite | Hardwick Simmons
Related Party Transaction [Line Items]
Equity ownership percentage excluding consolidated entity and equity method investee				24.24%
Related Party | Lionsgate Corporate
Related Party Transaction [Line Items]
General and administration		16.8
Related Party | General and Administrative Expenses Allocated to Parent
Related Party Transaction [Line Items]
Amounts of transaction	$ 10	$ (1.3)

Related Party Transactions - Sc

Related Party Transactions - Schedule of Net Transfers (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Related Party Transaction [Line Items]
Net transfers to (from) Parent per combined statements of cash flows	$ (90.4)	$ (140.2)	$ (290.1)	$ (621.3)	$ (119.7)
Related Party
Related Party Transaction [Line Items]
Cash pooling and general financing activities	92.1	67.4	(199.3)	36.1	(305.2)
Licensing of content	1.3	115	540	733.3	567.7
Corporate reimbursements	(5.3)	1.3	7	13.3	10.8
Corporate expense allocations (excluding allocation of share-based compensation)	2.3	6.3	27.9	22.3	19.3
Funding of purchases of accounts receivables held for collateral	0	(49.8)	(85.5)	(183.7)	(172.9)
Net transfers to (from) Parent per combined statements of cash flows	90.4	140.2	290.1	621.3	119.7
Share-based compensation (including allocation of share-based compensation)	(6)	(12.2)	(62.5)	(73.4)	(70.2)
Other non-cash transfer	(38)	3.2	11.9	2.5	0
Net transfers to Parent per unaudited condensed consolidated statements of equity (deficit)	46.4	$ 131.2	$ 239.5	$ 550.4	$ 49.5
Transfers to parent, net	$ 35

Related Party Transactions - Su

Related Party Transactions - Summary of Company's Combined Balance Sheets and Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Combined Balance Sheets
Other assets, noncurrent	$ 789.1		$ 852.9	$ 563
Accounts payable	231.1		246.7	251.1
Participations and residuals, current	578.2		647.8	524.4
Participations and residuals, noncurrent	442.4		435.1	329.6
Combined Statements of Operations
Revenues			2,986.4	3,083.8	$ 2,716.3
Interest and other income	$ 5.1	$ 2.2	19.2	6.4	28
Related Party
Combined Balance Sheets
Accounts receivable			8.1	10.8
Investment in films and television programs			2.2	7.9
Other assets, noncurrent			0	45.8
Total due from related parties			10.3	64.5
Accounts payable			16.8	16.8
Other accrued liabilities			0	6.7
Participations and residuals, current			5.5	7.5
Participations and residuals, noncurrent			1.3	2
Deferred revenue, current			0.1	0
Other liabilities			0	41.4
Total due to related parties			23.7	74.4
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

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) - USD ($) $ in Thousands			1 Months Ended		2 Months Ended
	May 13, 2024	May 08, 2024	Sep. 30, 2024	Jul. 31, 2024	Jun. 30, 2024	Mar. 31, 2024
Subsequent Event [Line Items]
Proceeds from Issuance of private placement	$ 254,300				$ 254,300
Borrowing amount					$ 1,571,200	$ 1,793,500
Subsequent Event
Subsequent Event [Line Items]
Proceeds From Reverse Recapitalization Transaction Received After Business Combination		$ 330,000
Proceeds From Reverse Recapitalization Transaction Receivable		$ 20,000
Subsequent Event | Lionsgate Studios | SEAC
Subsequent Event [Line Items]
Subsidiary, Ownership Percentage, Parent		87.80%
Subsequent Event | Screaming Eagle | Lionsgate Studios | SEAC
Subsequent Event [Line Items]
Subsidiary, Ownership Percentage, Noncontrolling Owner		12.20%
Subsequent Event | Forecast
Subsequent Event [Line Items]
Proceeds from Issuance of private placement		$ 254,300
Subsequent Event | 5.500 Senior Notes
Subsequent Event [Line Items]
Debt interest face value		$ 389,900
Subsequent Event | 5.500 Senior Notes | Senior Notes
Subsequent Event [Line Items]
Interest rate (as percent)		5.50%
Debt Instrument, Interest Rate, Increase (Decrease)		6%
Subsequent Event | eOne IP Credit Facility | Line of Credit | Revolving Credit Facility
Subsequent Event [Line Items]
Interest rate (as percent)				2.25%
Credit facility, maximum principal amount				$ 340,000
Borrowing amount				340,000
Periodic payment, principal				$ 8,500
Subsequent Event | LG IP Credit Facility | Line of Credit | Revolving Credit Facility
Subsequent Event [Line Items]
Interest rate (as percent)			2.25%
Credit facility, maximum principal amount			$ 455,000
Borrowing amount			455,000
Periodic payment, principal			11,375
Subsequent Event | LGTV Term Loan B
Subsequent Event [Line Items]
Repayment of other long term debt			$ 355,100