Lions Gate Entertainment (LGF-A) 10-Q 9 Feb 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Dec. 31, 2022	Feb. 06, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	1-14880
Entity Registrant Name	LIONS GATE ENTERTAINMENT CORP /CN/
Entity Incorporation, State or Country Code	A1
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
City Area Code	877
Local Phone Number	848-3866
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000929351
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Voting Shares
Document Information [Line Items]
Title of 12(b) Security	Class A Voting Common Shares, no par value per share
Trading Symbol	LGF.A
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		83,471,030
Class B Non-Voting Shares
Document Information [Line Items]
Title of 12(b) Security	Class B Non-Voting Common Shares, no par value per share
Trading Symbol	LGF.B
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		145,486,584
Principal Executive Offices
Document Information [Line Items]
Entity Address, Address Line One	2700 Colorado Avenue
Entity Address, City or Town	Santa Monica
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90404

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022
ASSETS
Cash and cash equivalents	$ 425.4	$ 371.2
Accounts receivable, net	479.8	442.2
Other current assets	293.3	244.7
Total current assets	1,198.5	1,058.1
Investment in films and television programs and program rights, net	3,004.1	3,013.6
Property and equipment, net	87.8	81.2
Investments	65	56
Intangible assets	1,335.7	1,440.2
Goodwill	1,289.5	2,764.5
Other assets	611.9	577.6
Total assets	7,592.5	8,991.2
LIABILITIES
Accounts payable and accrued liabilities	588	585.8
Participations and residuals	532.4	468.5
Film related and other obligations	1,261.2	951.1
Debt - short term portion	39.2	222.8
Deferred revenue	157.8	174.9
Total current liabilities	2,578.6	2,403.1
Debt	2,042.6	2,202.1
Participations and residuals	284.5	265.1
Film related and other obligations	1,094.9	729
Other liabilities	258.4	298.7
Deferred revenue	53.4	49.8
Deferred tax liabilities	38	38.8
Redeemable noncontrolling interests	357.1	321.2
Commitments and contingencies (Note 16)
EQUITY
Accumulated deficit	(2,317.9)	(369.7)
Accumulated other comprehensive income	134.4	29.3
Total Lions Gate Entertainment Corp. shareholders' equity	883.8	2,681.6
Noncontrolling interests	1.2	1.8
Total equity	885	2,683.4
Total liabilities and equity	7,592.5	8,991.2
Class A Voting Shares
EQUITY
Common shares	671.5	668.2
Class B Non-Voting Shares
EQUITY
Common shares	$ 2,395.8	$ 2,353.8

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Dec. 31, 2022	Mar. 31, 2022
Class A Voting Shares
Common shares, no par value	$ 0	$ 0
Authorized common shares	500	500
Common shares, shares issued	83.4	83.3
Class B Non-Voting Shares
Common shares, no par value	$ 0	$ 0
Authorized common shares	500	500
Common shares, shares issued	145.5	142

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues	$ 1,000.1	$ 885.4	$ 2,769.1	$ 2,674.4
Expenses
Direct operating	584.7	517.9	1,744.7	1,487.2
Distribution and marketing	171	198.9	567.1	633.4
General and administration	115	112.5	340	353.1
Depreciation and amortization	46.3	46.3	133.9	134.1
Restructuring and other	75.3	0.5	316.5	7.2
Goodwill impairment	0	0	1,475	0
Total expenses	992.3	876.1	4,577.2	2,615
Operating income (loss)	7.8	9.3	(1,808.1)	59.4
Interest expense	(59.6)	(44.4)	(163)	(130)
Interest and other income	1.7	1.4	4.8	29.4
Other expense	(10.7)	(1.9)	(21.1)	(6.2)
Gain (loss) on extinguishment of debt	38.2	(1.1)	40.3	(28.2)
Gain (loss) on investments	43.4	(0.2)	42.1	1.2
Equity interests income (loss)	0	(2.5)	0.8	(1.4)
Income (loss) before income taxes	20.8	(39.4)	(1,904.2)	(75.8)
Income tax provision	(5.6)	(9.5)	(16.6)	(21.6)
Net income (loss)	15.2	(48.9)	(1,920.8)	(97.4)
Less: Net loss attributable to noncontrolling interests	1.4	3.3	7.3	13.9
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$ 16.6	$ (45.6)	$ (1,913.5)	$ (83.5)
Per share information attributable to Lions Gate Entertainment Corp. shareholders:
Basic net income (loss) per common share (in usd per share)	$ 0.07	$ (0.20)	$ (8.41)	$ (0.37)
Diluted net income (loss) per common share (in usd per share)	$ 0.07	$ (0.20)	$ (8.41)	$ (0.37)
Weighted average number of common shares outstanding:
Basic (in shares)	228.8	225	227.4	223.7
Diluted (in shares)	230.1	225	227.4	223.7

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 15.2	$ (48.9)	$ (1,920.8)	$ (97.4)
Foreign currency translation adjustments, net of tax	3.6	(0.2)	(3.4)	(1.2)
Net unrealized gain on cash flow hedges, net of tax	8.4	21.1	108.5	16.2
Comprehensive income (loss)	27.2	(28)	(1,815.7)	(82.4)
Less: Comprehensive loss attributable to noncontrolling interests	1.4	3.3	7.3	13.9
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$ 28.6	$ (24.7)	$ (1,808.4)	$ (68.5)

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Equity - USD ($) shares in Millions, $ in Millions	Total	Lions Gate Entertainment Corp. Shareholders' Equity	Common Shares Class A Voting Shares	Common Shares Class B Non-Voting Shares	Accumulated Deficit	Accumulated other comprehensive income (loss)	Noncontrolling Interests
Beginning balance, shares at Mar. 31, 2021			83	138.2
Beginning balance at Mar. 31, 2021	$ 2,794.6	$ 2,793	$ 663.2	$ 2,296	$ (82.9)	$ (83.3)	$ 1.6	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options, shares				0.3
Exercise of stock options	3.4	3.4	$ 0.4	$ 3
Share-based compensation, net of share cancellations for taxes, shares			0.1	3.3
Share-based compensation, net of share cancellations for taxes	39.1	39.1	$ 3.3	$ 35.8
Issuance of common shares	0.4	0.4	$ 0.2	$ 0.2
Noncontrolling interests	(0.3)						(0.3)	[1]
Net income (loss)	(83)	(83.5)			(83.5)		0.5	[1]
Other comprehensive income (loss)	15	15				15
Redeemable noncontrolling interests adjustments to redemption value	(33.8)	(33.8)			(33.8)
Ending balance, shares at Dec. 31, 2021			83.1	141.8
Ending balance at Dec. 31, 2021	2,735.4	2,733.6	$ 667.1	$ 2,335	(200.2)	(68.3)	1.8	[1]
Beginning balance, shares at Sep. 30, 2021			83.1	141.6
Beginning balance at Sep. 30, 2021	2,750.4	2,748	$ 665.9	$ 2,314.3	(143)	(89.2)	2.4	[2]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options, shares				0.1
Exercise of stock options	0.7	0.7		$ 0.7
Share-based compensation, net of share cancellations for taxes, shares				0.1
Share-based compensation, net of share cancellations for taxes	21	21	1.1	$ 19.9
Issuance of common shares	0.2	0.2	$ 0.1	$ 0.1
Noncontrolling interests	(1.1)						(1.1)	[2]
Net income (loss)	(45.1)	(45.6)			(45.6)		0.5	[2]
Other comprehensive income (loss)	20.9	20.9				20.9
Redeemable noncontrolling interests adjustments to redemption value	(11.6)	(11.6)			(11.6)
Ending balance, shares at Dec. 31, 2021			83.1	141.8
Ending balance at Dec. 31, 2021	2,735.4	2,733.6	$ 667.1	$ 2,335	(200.2)	(68.3)	1.8	[1]
Beginning balance, shares at Mar. 31, 2022			83.3	142
Beginning balance at Mar. 31, 2022	2,683.4	2,681.6	$ 668.2	$ 2,353.8	(369.7)	29.3	1.8	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options, shares				0.3
Exercise of stock options	3.5	3.5		$ 3.5
Share-based compensation, net of share cancellations for taxes, shares			0.1	3.2
Share-based compensation, net of share cancellations for taxes	41.3	41.3	$ 3	$ 38.3
Issuance of common shares	0.5	0.5	$ 0.3	$ 0.2
Noncontrolling interests	(0.7)						(0.7)	[1]
Net income (loss)	(1,913.4)	(1,913.5)			(1,913.5)		0.1	[1]
Other comprehensive income (loss)	105.1	105.1				105.1
Redeemable noncontrolling interests adjustments to redemption value	(34.7)	(34.7)			(34.7)
Ending balance, shares at Dec. 31, 2022			83.4	145.5
Ending balance at Dec. 31, 2022	885	883.8	$ 671.5	$ 2,395.8	(2,317.9)	134.4	1.2	[2]
Beginning balance, shares at Sep. 30, 2022			83.4	145.2
Beginning balance at Sep. 30, 2022	847.4	845.8	$ 670.4	$ 2,373.5	(2,320.4)	122.3	1.6	[2]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation, net of share cancellations for taxes, shares				0.3
Share-based compensation, net of share cancellations for taxes	23.2	23.2	1	$ 22.2
Issuance of common shares	0.2	0.2	$ 0.1	$ 0.1
Noncontrolling interests	(0.3)						(0.3)	[2]
Net income (loss)	16.5	16.6			16.6		(0.1)	[2]
Other comprehensive income (loss)	12.1	12.1				12.1
Redeemable noncontrolling interests adjustments to redemption value	(14.1)	(14.1)			(14.1)
Ending balance, shares at Dec. 31, 2022			83.4	145.5
Ending balance at Dec. 31, 2022	$ 885	$ 883.8	$ 671.5	$ 2,395.8	$ (2,317.9)	$ 134.4	$ 1.2	[2]
[1]Excludes redeemable noncontrolling interests, which are reflected in temporary equity (see Note 9).[2]Excludes redeemable noncontrolling interests, which are reflected in temporary equity (see Note 9).

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Activities:
Net loss	$ (1,920.8)	$ (97.4)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	133.9	134.1
Amortization of films and television programs and program rights	1,284.4	1,118.7
Amortization of debt financing costs and other non-cash interest	20.1	37.1
Non-cash share-based compensation	59.8	77.5
Other amortization	55.8	71.5
Goodwill impairment	1,475	0
Content and other impairments	299.7	0
(Gain) loss on extinguishment of debt	(40.3)	28.2
Equity interests income (loss)	(0.8)	1.4
Gain on investments	(42.1)	(1.2)
Deferred income taxes	(0.5)	2.6
Changes in operating assets and liabilities:
Proceeds from the termination of interest rate swaps	188.7	0
Accounts receivable, net and other assets	(74.5)	(153.2)
Investment in films and television programs and program rights, net	(1,573.4)	(1,735.4)
Accounts payable and accrued liabilities	(46)	(17.4)
Participations and residuals	84.3	(56.3)
Program rights and other film obligations	(18.1)	25
Deferred revenue	(13.2)	75
Net Cash Flows Used In Operating Activities	(128)	(489.8)
Investing Activities:
Proceeds from the sale of Pantaya	0	123.6
Proceeds from the sale of equity method and other investments	46.3	0
Investment in equity method investees and other	(17.5)	(14)
Distributions from equity method investees	0	3.2
Acquisition of assets (film library and related assets)	0	(161.4)
Increase in loans receivable	0	(4.3)
Capital expenditures	(36.6)	(22.2)
Net Cash Flows Used In Investing Activities	(7.8)	(75.1)
Financing Activities:
Debt - borrowings, net of debt issuance and redemption costs	1,238	2,138.4
Debt - repurchases and repayments	(1,548.3)	(2,375.4)
Film related and other obligations - borrowings	1,384	954
Film related and other obligations - repayments	(694.8)	(305.3)
Settlement of financing component of interest rate swaps	(134.5)	(21.5)
Distributions to noncontrolling interest	(4.8)	(1.2)
Exercise of stock options	3.4	3.4
Tax withholding required on equity awards	(17.3)	(34.7)
Net Cash Flows Provided By Financing Activities	225.7	357.7
Net Change In Cash, Cash Equivalents and Restricted Cash	89.9	(207.2)
Foreign Exchange Effects on Cash, Cash Equivalents and Restricted Cash	(3.5)	(2.2)
Cash, Cash Equivalents and Restricted Cash - Beginning Of Period	384.6	528.7
Cash, Cash Equivalents and Restricted Cash - End Of Period	$ 471	$ 319.3

General

General	9 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General Nature of Operations Lionsgate Entertainment Corp. (the “Company,” “Lionsgate,” "Lions Gate," “we,” “us” or “our”) encompasses world-class motion picture and television studio operations aligned with the STARZ premium global subscription platform to bring a unique and varied portfolio of entertainment to consumers around the world. The Company’s film, television, subscription and location-based entertainment businesses are backed by a 17,000-title library and a valuable collection of iconic film and television franchises. Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Lionsgate and all of its majority-owned and controlled subsidiaries. The unaudited condensed consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to quarterly report on Form 10-Q under the Securities Exchange Act of 1934, as amended, and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been reflected in these unaudited condensed consolidated financial statements. Operating results for the three and nine months ended December 31, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2023. The balance sheet at March 31, 2022 has been derived from the audited financial statements at that date, but does not include all the information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed consolidated financial statements should be read together with the consolidated financial statements and related notes included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2022. Certain amounts presented in prior periods have been reclassified to conform to the current period presentation. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions, including the potential impacts arising from the COVID-19 global pandemic and Russia's invasion of Ukraine, 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 of future viewership used for the amortization of licensed program rights; estimates related to the revenue recognition of sales or usage-based royalties; fair value of equity-based compensation; fair value of assets and liabilities for allocation of the purchase price of companies acquired; income taxes including the assessment of valuation allowances for deferred tax assets; accruals for contingent liabilities; and impairment assessments for investment in films and television programs and licensed program rights, property and equipment, equity investments, goodwill and intangible assets. Actual results could differ from such estimates. Recent Accounting Pronouncements Accounting Guidance Adopted in Fiscal 2023 Government Assistance: In November 2021, the Financial Accounting Standards Board ("FASB") issued guidance which requires certain annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2021, and therefore will be effective beginning with the Company's financial statements issued for the year ending March 31, 2023. While the adoption of this guidance will not have an impact on the Company's consolidated balance sheet or statement of operations, the adoption of this guidance may require additional annual disclosures in the Company's financial statements for the year ending March 31, 2023, which the Company is currently in the process of assessing. Accounting Guidance Adopted in Fiscal 2022 Reference Rate Reform: In March 2020, the FASB issued guidance which provides optional expedients and exceptions for applying U.S. GAAP to contract modifications, hedging relationships, and other transactions affected by the market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates, if certain criteria are met. Additionally, in January 2021, the FASB issued additional guidance, which allows entities to elect certain optional expedients and exceptions when accounting for derivative contracts and certain hedging relationships affected by changes in the interest rates. In December 2022, the FASB issued final guidance deferring the sunset date of the transition relief. The guidance is applicable to contract modifications made between March 12, 2020 and December 31, 2024 and hedging relationships that exist as of the beginning of an interim period that includes March 12, 2020 and new eligible hedging relationships designated in subsequent periods. The Company adopted this guidance on July 1, 2021 and is applying its provisions prospectively through December 31, 2024, with no material impact to the Company’s financial statements.

Acquisitions

Acquisitions	9 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	AcquisitionsSpyglass. On July 15, 2021, the Company purchased approximately 200 feature film titles (the "Spyglass Library") from Spyglass Media Group, LLC ("Spyglass"). The Company also formed a strategic content partnership through an investment of a minority preferred equity interest in Spyglass. The purchase price, including acquisition costs, of the Spyglass Library and preferred equity interest was $191.4 million, of which $171.4 million was paid at closing, $10.0 million was paid in July 2022, and the remaining $10.0 million is to be paid in July 2023. The Spyglass Library was accounted for as an asset acquisition and is included in investment in film and television programs on the Company's unaudited condensed consolidated balance sheet. The equity interest was accounted for as an equity-method investment (see Note 4).

Investment In Films and Televis

Investment In Films and Television Programs and Licensed Program Rights	9 Months Ended
	Dec. 31, 2022
Investment In Films And Television Programs and Program Rights [Abstract]
Investment In Films and Television Programs and Licensed Program Rights	Investment in Films and Television Programs and Licensed Program Rights Total investment in films and television programs and licensed program rights by predominant monetization strategy is as follows: December 31, March 31, (Amounts in millions) Investment in Films and Television Programs: Individual Monetization Released, net of accumulated amortization $ 540.8 $ 557.5 Completed and not released 151.5 121.4 In progress 722.7 574.9 In development 73.5 102.7 1,488.5 1,356.5 Film Group Monetization Released, net of accumulated amortization 557.8 469.5 Completed and not released 401.4 253.2 In progress 193.6 427.6 In development 10.1 11.4 1,162.9 1,161.7 Licensed program rights, net of accumulated amortization 352.7 495.4 Investment in films and television programs and licensed program rights, net $ 3,004.1 $ 3,013.6 At December 31, 2022, acquired film and television libraries have remaining unamortized costs of $138.4 million, which are monetized individually and are being amortized using the individual-film-forecast method over a remaining period of approximately 18.4 years (March 31, 2022 - unamortized costs of $149.9 million). Amortization of investment in film and television programs and licensed program rights by predominant monetization strategy is as follows for the three and nine months ended December 31, 2022 and 2021, and was included in direct operating expense in the unaudited condensed consolidated statements of operations: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Amortization expense: Individual monetization $ 207.9 $ 205.2 $ 711.1 $ 624.7 Film group monetization 82.8 98.6 227.7 219.3 Licensed program rights 94.4 84.8 345.6 274.7 $ 385.1 $ 388.6 $ 1,284.4 $ 1,118.7 Impairments. Investment in films and television programs and licensed program rights includes write-downs to fair value. The following table sets forth impairments by segment and the line item in our unaudited condensed consolidated statement of operations they are recorded in for the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Impairments by segment: Included in direct operating expense: Motion Picture $ 0.6 $ 1.1 $ 1.1 $ 1.2 Television Production — 1.5 4.7 28.1 Included in restructuring and other: Impairments not included in segment operating results (1) 80.8 — 293.8 — $ 81.4 $ 2.6 $ 299.6 $ 29.3 ________________ (1) Represents charges related to the Media Networks restructuring plan initiatives, including content impairment of programming in certain international territories associated with the restructuring of LIONSGATE+ (formerly STARPLAY International), and individual content charges pursuant to a strategic review of content performance across Starz's domestic and international platforms resulting in certain programming being removed from those platforms and written down to fair value. See Note 14 for further information.

Investments

Investments	9 Months Ended
	Dec. 31, 2022
Equity Method Investments, and Investments in Debt and Equity Securities [Abstract]
Investments	Investments The Company's investments consisted of the following: December 31, March 31, (Amounts in millions) Investments in equity method investees $ 63.4 $ 53.9 Other investments 1.6 2.1 $ 65.0 $ 56.0 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. Spyglass is a global premium content company, focused on developing, producing, financing and acquiring motion pictures and television programming across all platforms for worldwide audiences. STARZPLAY Arabia. STARZPLAY Arabia (Playco Holdings Limited) offers a STARZ-branded online subscription video-on-demand service in the Middle East and North Africa. On October 17, 2022, the Company sold a portion of its ownership interest in STARZPLAY Arabia and received net proceeds of $43.4 million, and the Company recorded a gain of $43.4 million on the sale which is included in gain (loss) on investments in our unaudited condensed consolidated statement of operations. Subsequent to the transaction, the Company continues to hold a minority ownership interest in STARZPLAY Arabia. Roadside Attractions . Roadside Attractions is an independent theatrical distribution company. Pantelion Films. Pantelion Films is a joint venture with Videocine, an affiliate of Televisa, which produces, acquires and distributes a slate of English and Spanish language feature films that target Hispanic moviegoers in the U.S. Atom Tickets. Atom Tickets is the first-of-its-kind theatrical mobile ticketing platform and app. Great Point Opportunity Fund. Great Point Opportunity Fund is an operating company that operates Lionsgate Studios Yonkers, a studio facility in Yonkers, New York. 42. 42 is a fully integrated management and production company, producing film, television and content, representing actors, writers, directors, comedians, presenters, producers, casting directors and media book rights; with offices in London and Los Angeles. Other. In addition to the equity method investments discussed above, the Company holds ownership interests in other immaterial equity method investees. Summarized Financial Information. Summarized financial information for the Company's equity method investees on an aggregate basis is set forth below: December 31, March 31, (Amounts in millions) Current assets $ 197.6 $ 125.3 Non-current assets $ 160.3 $ 166.4 Current liabilities $ 188.4 $ 253.9 Non-current liabilities $ 61.9 $ 59.8 Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Revenues $ 57.5 $ 14.7 $ 135.4 $ 51.9 Gross profit $ 9.0 $ 5.5 $ 29.9 $ 14.3 Net loss $ (12.7) $ (16.8) $ (24.6) $ (36.7)

Goodwill

Goodwill	9 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Changes in the carrying value of goodwill by reporting segment were as follows: Motion Television Media Networks Total (Amounts in millions) Balance as of March 31, 2022 $ 393.7 $ 401.9 $ 1,968.9 $ 2,764.5 Impairments — — (1,475.0) (1,475.0) Balance as of December 31, 2022 $ 393.7 $ 401.9 $ 493.9 $ 1,289.5 For the second quarter ended September 30, 2022, due to continued adverse macro and microeconomic conditions, including the competitive environment, continued inflationary trends and recessionary economies worldwide and its impact on the Company's growth in subscribers worldwide, the Company began implementing a plan to restructure its LIONSGATE+ business (formerly STARZPLAY International). This restructuring includes exiting the business in seven international territories (France, Germany, Italy, Spain, Benelux, the Nordics and Japan). The Company's Starz domestic operations have also been impacted by these current market conditions, and the Company has revised its subscriber growth and forecasted cash flow assumptions and implemented certain cost-saving measures. Additionally, companies in the media and entertainment industry, and particularly those with significant streaming platforms, have experienced a decline in market valuations, and reflecting this industry trend, as well as potential capital market transactions, and the factors discussed above, the market price of the Company's common shares had declined significantly through September 30, 2022. Accordingly, for the second quarter ended September 30, 2022, the Company updated its quantitative impairment assessment for all of its reporting units. In performing its quantitative impairment assessment, the fair value of the Company's reporting units was estimated by using a combination of discounted cash flow ("DCF") analyses and market-based valuation methodologies. Based on its quantitative impairment assessment, the Company determined that the fair value of its reporting units exceeded the carrying values for all of its reporting units, except the Media Networks reporting unit which was previously disclosed as a reporting unit "at risk" of impairment. The analysis resulted in a goodwill impairment charge of $1.475 billion in the second quarter ended September 30, 2022 related to the Company's Media Networks reporting unit goodwill, which is recorded in the "goodwill impairment" line item in the unaudited condensed consolidated statement of operations in the nine months ended December 31, 2022. Since the impairment charge reduced the carrying value of the Media Networks reporting unit to its fair value, at September 30, 2022 the fair value and carrying value of the Media Networks reporting unit were equal and thus it continues to be considered "at risk" of impairment. During the third quarter ended December 31, 2022, the Company performed a qualitative goodwill impairment assessment for all reporting units which considered the continuing micro and macroeconomic environment, industry considerations, reporting unit performance and updated forecasts, and determined that since the prior quarter's quantitative assessment, 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, no quantitative goodwill impairment analysis was performed.

Debt

Debt	9 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Total debt of the Company, excluding film related and other obligations, was as follows: December 31, March 31, (Amounts in millions) Corporate debt: Revolving Credit Facility $ — $ — Term Loan A 433.8 638.5 Term Loan B 834.8 844.2 5.500% Senior Notes 857.6 1,000.0 Total corporate debt 2,126.2 2,482.7 Unamortized debt issuance costs (44.4) (57.8) Total debt, net 2,081.8 2,424.9 Less current portion (39.2) (222.8) Non-current portion of debt $ 2,042.6 $ 2,202.1 Senior Credit Facilities (Revolving Credit Facility, Term Loan A and Term Loan B) Revolving Credit Facility Availability of Funds & Commitment Fee. The Revolving Credit Facility provides for borrowings and letters of credit up to an aggregate of $1.25 billion, and at December 31, 2022 there was $1.25 billion available. However, borrowing levels are subject to certain financial covenants as discussed below. There were no letters of credit outstanding at December 31, 2022. The Company is required to pay a quarterly commitment fee on the Revolving Credit Facility of 0.250% to 0.375% per annum, depending on the achievement of certain leverage ratios, as defined in the credit and guarantee agreement dated December 8, 2016, as amended (the "Credit Agreement"), on the total Revolving Credit Facility of $1.25 billion less the amount drawn. Maturity Date: • Revolving Credit Facility & Term Loan A: April 6, 2026 (see Debt Transactions section below for the April 2022 voluntary prepayment of the entire principal amount of the Term Loan A previously due March 22, 2023). • Term Loan B: March 24, 2025. Interest: • Revolving Credit Facility & Term Loan A: The Revolving Credit Facility and term loan A facility due April 2026 (the "Term Loan A") bear interest at a rate per annum equal to LIBOR plus 1.75% (or an alternative base rate plus 0.75%) margin, with a LIBOR floor of zero. The margin is subject to potential increases of up to 50 basis points (two (2) increases of 25 basis points each) upon certain increases to net first lien leverage ratios, as defined in the Credit Agreement (effective interest rate of 6.14% as of December 31, 2022, before the impact of interest rate swaps). • Term Loan B: The term loan B facility due March 2025 (the "Term Loan B") bears interest at a rate per annum equal to LIBOR plus 2.25% margin, with a LIBOR floor of zero (or an alternative base rate plus 1.25% margin) (effective interest rate of 6.64% as of December 31, 2022, before the impact of interest rate swaps). Required Principal Payments: • Term Loan A: Quarterly principal payments, at quarterly rates of 1.25% beginning September 30, 2022, 1.75% beginning September 30, 2023, and 2.50% beginning September 30, 2024 through March 31, 2026, with the balance payable at maturity. • Term Loan B: Quarterly principal payments at a quarterly rate of 0.25%, with the balance payable at maturity. 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: The Company may voluntarily prepay the Revolving Credit Facility and Term Loan A at any time without premium or penalty. • Term Loan B: The Company may voluntarily prepay the Term Loan B at any time without premium or penalty. Security. The Senior Credit Facilities are guaranteed by the guarantors named in the Credit Agreement and are secured by a security interest in substantially all of the assets of Lionsgate and the Guarantors (as defined in the Credit Agreement), subject to certain exceptions. Covenants. The Senior Credit Facilities contain representations and warranties, events of default and affirmative and negative covenants that are customary for similar financings and 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 Revolving Credit Facility and the Term Loan A and are tested quarterly. As of December 31, 2022, the Company was in compliance with all applicable covenants. Change in Control. The Company may also be subject to an event of default upon a change in control (as defined in the Credit Agreement) which, among other things, includes a person or group acquiring ownership or control in excess of 50% of the Company’s common shares. Potential Impact of LIBOR Transition. The Chief Executive of the U.K. Financial Conduct Authority (the “FCA”), which regulates the LIBOR has announced that the FCA will no longer persuade or compel banks to submit rates for the calculation of LIBOR after the end of 2021. For U.S dollar LIBOR, publication of the one-week and two-month LIBOR settings ceased on December 31, 2021, and publication of the overnight and 12-month LIBOR settings will cease after June 30, 2023. Immediately after June 30, 2023, the one-month, three-month and six-month U.S. dollar LIBOR settings will no longer be representative. Given these changes, the LIBOR administrator has advised that no new contracts using U.S. dollar LIBOR should be entered into after December 31, 2021. It is also possible that U.S. LIBOR will be discontinued or modified prior to June 30, 2023. The Company is unable to predict whether or when an alternative reference rate will become a standard global benchmark and suitable replacement for LIBOR. In July 2021, the Alternative Reference Rates Committee, a steering committee comprised of large U.S. financial institutions and other market participants, recommended replacing U.S. dollar LIBOR with the Secured Overnight Financing Rate (“SOFR”), a new index based on transactions in the market for short-term treasury securities. The publication of SOFR began in April 2018, and, therefore, it has a very limited history. Whether SOFR attains market traction as a LIBOR replacement tool remains in question. Under the terms of the Company's Credit Agreement, in the event of the discontinuance of LIBOR, a mutually agreed-upon alternate benchmark rate will be established to replace LIBOR. The Company and Lenders (as defined in the Credit Agreement) shall, in good faith, endeavor to establish an alternate benchmark rate that gives due consideration to prevailing market convention for determining a rate of interest for syndicated loans in the United States at such time, and which places the lenders under the Credit Agreement and the Company in the same economic position that existed immediately prior to the discontinuation of LIBOR. The Company does not anticipate that the discontinuance or modification of LIBOR will materially impact its liquidity or financial position. 5.500% Senior Notes Interest: Bears interest at 5.500% annually (payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2021). Maturity Date: April 15, 2029. Optional Redemption: (i) Prior to April 15, 2024, the Company may redeem the 5.500% Senior Notes in whole at any time, or in part from time to time, at a price equal to 100% of the principal amount of the notes to be redeemed plus a "make-whole" premium, plus accrued and unpaid interest, if any, to, but not including, the redemption date. The make-whole premium is the greater of (i) 1.0% of the principal amount redeemed and (ii) the excess, if any, of the present value at such redemption date of the redemption price at April 15, 2024 (see redemption prices below) plus interest through April 15, 2024 (discounted to the redemption date at the treasury rate plus 50 basis points) over the principal amount of the notes redeemed on the redemption date. (ii) On or after April 15, 2024, the Company may redeem the 5.500% Senior Notes in whole at any time, or in part from time to time, at certain specified redemption prices, plus accrued and unpaid interest, if any, to, but not including, the redemption date. Such redemption prices are as follows (as a percentage of the principal amount redeemed): (i) on or after April 15, 2024 - 102.750%; (ii) on or after April 15, 2025 - 101.375%; and (iii) on or after April 15, 2026 - 100%. In addition, the Company may redeem up to 40% of the aggregate principal amount of the notes at any time and from time to time prior to April 15, 2024 with the net proceeds of certain equity offerings at a price of 105.500% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the redemption date. Security. The 5.500% Senior Notes are unsubordinated, unsecured obligations of the Company. Covenants. The 5.500% Senior Notes contain certain restrictions and covenants that, subject to certain exceptions, limit the Company’s ability to incur additional indebtedness, pay dividends or repurchase the Company’s common shares, make certain loans or investments, and sell or otherwise dispose of certain assets subject to certain conditions, among other limitations. As of December 31, 2022, the Company was in compliance with all applicable covenants. Change in Control. The occurrence of a change of control will be a triggering event requiring the Company to offer to purchase from holders all of the 5.500% Senior Notes, at a price equal to 101% of the principal amount, plus accrued and unpaid interest, if any, to the date of purchase. In addition, certain asset dispositions will be triggering events that may require the Company to use the excess proceeds from such dispositions to make an offer to purchase the 5.500% Senior Notes at 100% of their principal amount, plus accrued and unpaid interest, if any, to the date of purchase. Capacity to Pay Dividends At December 31, 2022, the capacity to pay dividends under the Senior Credit Facilities and the 5.500% Senior Notes significantly exceeded the amount of the Company's accumulated deficit or net loss, and therefore the Company's net loss of $1,920.8 million and accumulated deficit of $2,317.9 million were deemed free of restrictions from paying dividends at December 31, 2022. Debt Transactions: Fiscal 2023: Term Loan A Prepayment. In April 2022, the Company voluntarily prepaid the entire outstanding principal amount of the Term Loan A due March 22, 2023 of $193.6 million, together with accrued and unpaid interest. Senior Notes Repurchases. In the three and nine months ended December 31, 2022, the Company repurchased $123.7 million and $142.4 million, respectively, principal amount of the 5.500% Senior Notes for $81.6 million and $96.2 million, respectively, together with accrued and unpaid interest. Fiscal 2022: Senior Notes Redemption and Issuance. On April 1, 2021, the Company redeemed in full all $518.7 million outstanding principal amount of its 5.875% Senior Notes due November 2024 ("5.875% Senior Notes") and all $545.6 million outstanding principal amount of its 6.375% Senior Notes due February 2024 ("6.375% Senior Notes"). In connection with the early redemption of the 5.875% Senior Notes and the 6.375% Senior Notes, the Company paid a prepayment premium of $15.2 million and $17.4 million, respectively, plus accrued and unpaid interest to the date of redemption, pursuant to the terms of the indentures governing the 5.875% Senior Notes and the 6.375% Senior Notes, respectively. In connection with the redemption of the 5.875% Senior Notes and the 6.375% Senior Notes, on April 1, 2021, the Company issued $1.0 billion aggregate principal amount of 5.500% Senior Notes due April 15, 2029 ("5.500% Senior Notes"). Credit Agreement Amendment. On April 6, 2021, the Company amended its Credit Agreement to, among other things, extend the maturity (the "Extension") of a portion of its revolving credit commitments, amounting to $1.25 billion, and a portion of its outstanding term A loans, amounting to $444.9 million to April 6, 2026, and make certain other changes to the covenants and other provisions therein. Termination of a Portion of Revolving Credit Facility Commitments. On November 2, 2021, the Company terminated its revolving credit commitments with a maturity of March 22, 2023, amounting to $250.0 million remaining after giving effect to the Extension (the "Termination"). After giving effect to the Termination, the Company's remaining revolving credit commitments under its Credit Agreement amounted to $1.25 billion with a maturity of April 6, 2026 (the "Revolving Credit Facility"). Term Loan B Repurchases. During the nine months ended December 31, 2021, the Company completed a series of repurchases of the Term Loan B and, in aggregate, paid $95.3 million to repurchase $96.0 million principal amount of the Term Loan B (none in the three months ended December 31, 2021). (Gain) Loss on Extinguishment of Debt: In accounting for the fiscal 2022 Senior Notes redemption and issuance transactions and credit agreement amendment discussed above, a portion of the refinancing transactions was considered a modification of terms, and a portion was considered a debt extinguishment. During the three and nine months ended December 31, 2022 and 2021, the Company recorded a (gain) loss on extinguishment of debt related to the transactions described above as summarized in the table below: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (Gain) Loss on Extinguishment of Debt: Term Loan A prepayment $ — $ — $ 1.3 $ — Senior Notes repurchases in 2022; Senior Notes redemption and issuance in 2021 (38.2) — (41.6) 24.7 Credit Agreement amendment (Revolving Credit Facility and Term Loan A) — — — 1.7 Termination of a portion of Revolving Credit Facility commitments — 1.1 — 1.1 Term Loan B repurchases and other — — — 0.7 $ (38.2) $ 1.1 $ (40.3) $ 28.2

Film Related and Other Obligati

Film Related and Other Obligations	9 Months Ended
	Dec. 31, 2022
Film Related And Other Obligations [Abstract]
Film Related and Other Obligations	Film Related and Other Obligations December 31, March 31, (Amounts in millions) Program rights and film obligations $ 260.9 $ 278.4 Film related obligations: Production Loans 1,435.7 966.3 Production Tax Credit Facility 231.2 224.0 Programming Notes 54.2 96.4 Backlog Facility and Other 233.6 — IP Credit Facility 152.3 123.5 Total film related obligations 2,107.0 1,410.2 Unamortized debt issuance costs (11.8) (8.5) Total film related obligations, net 2,095.2 1,401.7 Less current portion (1,261.2) (951.1) Total non-current film related and other obligations $ 1,094.9 $ 729.0 Program Rights and Film Obligations Program rights and film obligations 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. Film Related Obligations Film related obligations include production loans, programming notes, the Company's Production Tax Credit Facility, IP Credit Facility, Backlog Facility and other. Production Loans . Production loans represent individual and multi-title loans for the production of film and television programs that the Company produces. The majority of the Company's production loans have contractual repayment dates either at or near the expected completion or release dates, with the exception of certain loans containing repayment dates on a longer term basis, and incur primarily SOFR and LIBOR-based interest at a weighted average rate of 6.43% (before the impact of interest rate swaps, see Note 17 for interest rate swaps). Production loans amounting to $1,344.5 million are secured by collateral which consists of the underlying rights related to the intellectual property (i.e. film or television show), and $91.2 million are unsecured. Programming Notes . Programming notes represent individual unsecured loans for the licensing of film and television programs that the Company licenses. The Company's programming notes have contractual repayment dates in January and April 2023, and incur SOFR and LIBOR-based interest at a weighted average rate of 7.93%. Production Tax Credit Facility. In January 2021, as amended on March 29, 2022, the Company entered into a non-recourse senior secured revolving credit facility (the "Production Tax Credit Facility") based on and secured by collateral consisting solely of certain of the Company’s tax credit receivables. The maximum principal amount of the Production Tax Credit Facility is $235.0 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. 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 5.96% at December 31, 2022). The Production Tax Credit Facility matures on January 27, 2025. As of December 31, 2022, there were no material amounts available under the Production Tax Credit Facility. IP Credit Facility. In July 2021, as amended in September 2022, certain subsidiaries of the Company entered into a senior secured amortizing term credit facility (the "IP Credit Facility") based on and secured by the collateral consisting solely of certain of the Company’s rights in certain library titles, including the Spyglass and other recently acquired libraries. The maximum principal amount of the IP Credit Facility is $161.9 million, subject to the amount of collateral available, which is based on the valuation of cash flows from the libraries. 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 Cumulative Minimum Guaranteed Payment Amounts 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 7.02% at December 31, 2022). The IP Credit Facility matures on July 30, 2027. Backlog Facility and Other: Backlog Facility. In March 2022, as amended in August 2022, certain subsidiaries of the Company entered into a committed secured revolving credit facility (the "Backlog Facility") based on and secured by collateral consisting solely of certain of the Company's fixed fee or minimum guarantee contracts where cash will be received in the future. The maximum principal amount of the Backlog Facility is $175.0 million, subject to the 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 5.61% at December 31, 2022). 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 December 31, 2022, there was $175.0 million outstanding under the Backlog Facility, and there were no amounts available under the Backlog Facility (March 31, 2022 - no amounts outstanding). Other. In June 2022, the Company borrowed $118.6 million under a loan agreement which was secured by contracted receivables which are not yet recognized as revenue under certain licensing agreements (the "June 2022 Distribution Loan"), which was to mature on December 28, 2025. The June 2022 Distribution Loan was fully repaid, with $18.6 million repaid during the quarter ended September 30, 2022, and the remaining outstanding amount of $100.0 million repaid on October 3, 2022. In September 2022, the Company borrowed $43.4 million under a loan agreement which matures on March 28, 2026 (the "September 2022 Distribution Loan") and bears interest at a rate equal to Term SOFR plus 0.11%, plus an applicable margin amounting to 1.50% per annum (effective interest rate of 5.97% at December 31, 2022). In December 2022, the Company borrowed $16.2 million under a loan agreement which matures on November 1, 2025 (the "December 2022 Distribution Loan", and together with the September 2022 Distribution Loan and June 2022 Distribution Loan, the "Distribution Loans"), and bears interest at a rate equal to Term SOFR plus 0.11%, plus an applicable margin amounting to 2.10% per annum (effective interest rate of 6.57% at December 31, 2022). The December 2022 Distribution Loan provides for total borrowings up to an aggregate of $18.7 million. Outstanding loan balances under the Distribution Loans must be repaid with any cash collections from the underlying collateral if and when received by the Company, and may be voluntarily repaid at any time without prepayment penalty fees. As of December 31, 2022, $58.6 million remains outstanding under the Distribution Loans.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	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 December 31, 2022 and March 31, 2022: December 31, 2022 March 31, 2022 Level 1 Level 2 Total Level 1 Level 2 Total Assets: (Amounts in millions) Equity securities with a readily determinable fair value $ — $ — $ — $ 0.5 $ — $ 0.5 Forward exchange contracts (see Note 17) — 13.2 13.2 — 3.5 3.5 Interest rate swaps (see Note 17) (1) — 54.8 54.8 — 120.1 120.1 Liabilities: Forward exchange contracts (see Note 17) — (4.3) (4.3) — (2.8) (2.8) Interest rate swaps (see Note 17) — — — — 28.6 28.6 ________________ (1) Amounts at March 31, 2022 exclude $88.1 million of financing component of interest rate swaps presented in the table below (none at December 31, 2022). 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 December 31, 2022 and March 31, 2022: December 31, 2022 March 31, 2022 (Amounts in millions) Carrying Fair Value (1) Carrying Value Fair Value (1) (Level 2) (Level 2) Term Loan A $ 429.5 $ 412.1 $ 631.9 $ 625.7 Term Loan B 829.8 794.1 837.5 828.3 5.500% Senior Notes 831.0 500.3 965.8 962.5 Production Loans 1,431.7 1,435.7 963.7 966.3 Production Tax Credit Facility 228.8 231.2 221.1 224.0 Programming Notes 54.2 54.2 96.4 96.4 Backlog Facility and Other 231.2 233.6 — — IP Credit Facility 149.1 152.3 120.6 123.5 Financing component of interest rate swaps (2) — — 134.0 122.9 ________________ (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 LIBOR-based yield curves, swap rates, and credit ratings (Level 2 measurements). (2) Amounts at March 31, 2022 include $88.1 million recorded as a reduction of assets under master netting arrangements (none at December 31, 2022). The Company’s financial instruments also include cash and cash equivalents, accounts receivable, accounts payable and 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 December 31, 2022 and March 31, 2022.

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests Redeemable Noncontrolling Interests The table below presents the reconciliation of changes in redeemable noncontrolling interests: Nine Months Ended December 31, 2022 2021 (Amounts in millions) Beginning balance $ 321.2 $ 219.1 Net loss attributable to redeemable noncontrolling interests (7.4) (14.4) Noncontrolling interests discount accretion 13.4 17.7 Adjustments to redemption value 34.7 33.8 Cash distributions (4.8) (1.2) Ending balance $ 357.1 $ 255.0 Redeemable noncontrolling interests (included in temporary equity on the unaudited condensed consolidated balance sheets) relate to the November 12, 2015 acquisition of a controlling interest in Pilgrim Media Group and the May 29, 2018 acquisition of a controlling interest in 3 Arts Entertainment. 3 Arts Entertainment. The noncontrolling interest holders have a right to put the noncontrolling interest of 3 Arts Entertainment, at fair value, exercisable beginning May 29, 2023, for a 60 day period. Beginning 30 days after the expiration of the exercise period for the put rights held by the noncontrolling interest holders, the Company has a right to call the noncontrolling interest of 3 Arts Entertainment, at fair value, for a 60 day period. 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. As of December 31, 2022, the purchase of shares pursuant to the exercise of the put had not been completed. 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. 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. Other Noncontrolling Interests

Revenue

Revenue	9 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue 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. The Company's Media Networks segment generates revenue primarily from the distribution of the Company's STARZ premium subscription video services. Revenue by Segment, Market or Product Line The table below presents revenues by segment, market or product line for the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Revenue by Type: Motion Picture Theatrical $ 11.7 $ 5.7 $ 28.6 $ 50.0 Home Entertainment Digital Media 147.4 113.6 378.5 355.6 Packaged Media 19.3 31.3 55.3 96.4 Total Home Entertainment 166.7 144.9 433.8 452.0 Television 47.0 68.1 147.0 209.7 International 55.3 52.4 166.5 174.5 Other 8.1 4.2 15.7 11.1 Total Motion Picture revenues 288.8 275.3 791.6 897.3 Television Production Television 377.5 340.4 973.1 840.7 International 65.7 55.8 219.4 180.2 Home Entertainment Digital Media 131.2 12.8 205.1 70.6 Packaged Media 1.3 1.7 2.7 5.1 Total Home Entertainment 132.5 14.5 207.8 75.7 Other 29.7 27.9 68.3 64.2 Total Television Production revenues 605.4 438.6 1,468.6 1,160.8 Media Networks - Programming Revenues Domestic 341.7 362.5 1,048.7 1,079.2 International 38.6 26.4 108.8 76.7 380.3 388.9 1,157.5 1,155.9 Intersegment eliminations (274.4) (217.4) (648.6) (539.6) Total revenues $ 1,000.1 $ 885.4 $ 2,769.1 $ 2,674.4 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 December 31, 2022 are as follows: Rest of Year Ending March 31, 2023 Year Ending March 31, 2024 2025 Thereafter Total (Amounts in millions) Remaining Performance Obligations $ 502.3 $ 744.9 $ 451.3 $ 263.9 $ 1,962.4 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 $34.4 million and $116.6 million, including variable and fixed fee arrangements, were recognized during the three and nine months ended December 31, 2022, respectively, from performance obligations satisfied prior to March 31, 2022. These revenues were primarily associated with the distribution of television and theatrical product in electronic sell-through and video-on-demand formats, and to a lesser extent, the distribution of theatrical product in the domestic and international markets related to films initially released in prior periods. 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 18 for accounts receivable, contract assets and deferred revenue balances at December 31, 2022 and March 31, 2022. Accounts Receivable. Accounts receivable are presented net of a provision for doubtful accounts. The Company estimates provisions for accounts receivable based on historical experience for the respective risk 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, 2022 (Benefit) provision for doubtful accounts (1) Uncollectible accounts written-off December 31, 2022 (Amounts in millions) Trade accounts receivable $ 11.5 $ (1.0) $ (0.4) $ 10.1 _______________________ (1) Represents collections on accounts receivable previously reserved. Contract Assets. Contract assets relate to the Company’s conditional right to consideration for completed performance under the contract (e.g., unbilled receivables). Amounts relate primarily to contractual payment holdbacks in cases in which the Company is required to deliver additional episodes or seasons of television content in order to receive payment, complete certain administrative activities, such as guild filings, or allow the Company's customers' audit rights to expire. See Note 18 for contract assets at December 31, 2022 and March 31, 2022. Deferred Revenue. Deferred revenue relates primarily to customer cash advances or deposits received prior to when the Company satisfies the corresponding performance obligation. Revenues of $11.4 million and $141.8 million, respectively, were recognized during the three and nine months ended December 31, 2022 related to the balance of deferred revenue at March 31, 2022.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
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 net income (loss) per share for the three and nine months ended December 31, 2022 and 2021 is presented below: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions, except per share amounts) Basic Net Income (Loss) Per Common Share: Numerator: Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders $ 16.6 $ (45.6) $ (1,913.5) $ (83.5) Denominator: Weighted average common shares outstanding 228.8 225.0 227.4 223.7 Basic net income (loss) per common share $ 0.07 $ (0.20) $ (8.41) $ (0.37) Diluted net income (loss) per common share reflects share purchase options, including share appreciation rights ("SARs"), restricted share units ("RSUs") and restricted stock using the treasury stock method when dilutive, and any contingently issuable shares when dilutive. Diluted net income (loss) per common share for the three and nine months ended December 31, 2022 and 2021 is presented below: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions, except per share amounts) Diluted Net Income (Loss) Per Common Share: Numerator: Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders $ 16.6 $ (45.6) $ (1,913.5) $ (83.5) Denominator: Weighted average common shares outstanding 228.8 225.0 227.4 223.7 Effect of dilutive securities: Share purchase options — — — — Restricted share units and restricted stock 1.3 — — — Adjusted weighted average common shares outstanding 230.1 225.0 227.4 223.7 Diluted net income (loss) per common share $ 0.07 $ (0.20) $ (8.41) $ (0.37) As a result of the net loss in the nine months ended December 31, 2022 and the three and nine months ended December 31, 2021, the dilutive effect of the share purchase options, RSUs and restricted stock, and contingently issuable shares were considered anti-dilutive and, therefore, excluded from diluted net loss per share. The weighted average anti-dilutive shares excluded from the calculation due to the net loss for the nine months ended December 31, 2022 totaled 2.5 million (three and nine months ended December 31, 2021 - 4.5 million and 5.3 million, respectively). Additionally, for the three and nine months ended December 31, 2022 and 2021, the outstanding common shares issuable presented below were excluded from diluted net income (loss) per common share because their inclusion would have had an anti-dilutive effect regardless of net income or loss in the period. Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Anti-dilutive shares issuable Share purchase options 25.2 16.0 22.8 16.0 Restricted share units 5.6 — 2.5 0.6 Other issuable shares 4.3 2.3 3.2 2.1 Total weighted average anti-dilutive shares issuable excluded from diluted net income (loss) per common share 35.1 18.3 28.5 18.7

Capital Stock

Capital Stock	9 Months Ended
	Dec. 31, 2022
Equity and Share-based Compensation [Abstract]
Capital Stock	Capital Stock (a) Common Shares The Company had 500 million authorized Class A voting shares and 500 million authorized Class B non-voting shares at December 31, 2022 and March 31, 2022. The table below outlines common shares reserved for future issuance: December 31, March 31, (Amounts in millions) Stock options and share appreciation rights (SARs) outstanding 24.9 27.6 Restricted stock and restricted share units — unvested 14.5 7.9 Common shares available for future issuance 11.1 18.4 Shares reserved for future issuance 50.5 53.9 (b) Share-based Compensation The Company recognized the following share-based compensation expense during the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Compensation Expense: Stock options $ 1.5 $ 4.1 $ 5.6 $ 15.6 Restricted share units and other share-based compensation 20.8 16.4 49.7 56.4 Share appreciation rights 1.0 2.1 2.4 5.5 23.3 22.6 57.7 77.5 Impact of accelerated vesting on equity awards (1) 1.5 — 2.1 — Total share-based compensation expense $ 24.8 $ 22.6 $ 59.8 $ 77.5 Tax impact (2) (4.1) (4.4) (10.4) (15.3) Increase in net loss or reduction in net income $ 20.7 $ 18.2 $ 49.4 $ 62.2 ___________________ (1) Represents the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements. (2) Represents the income tax benefit recognized in the unaudited condensed consolidated 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: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Share-Based Compensation Expense: Direct operating $ 0.5 $ 0.4 $ 1.2 $ 0.9 Distribution and marketing 0.2 0.2 0.6 0.5 General and administration 22.6 22.0 55.9 76.1 Restructuring and other 1.5 — 2.1 — $ 24.8 $ 22.6 $ 59.8 $ 77.5 The following table sets forth the stock option, SARs, restricted stock and restricted share unit activity during the nine months ended December 31, 2022: Stock Options and SARs Restricted Stock and Restricted Share Units Class A Voting Shares Class B Non-Voting Shares Class A Voting Shares Class B Non-Voting Shares Number of Shares Weighted-Average Exercise Price Number of Shares Weighted-Average Exercise Price Number of Shares Weighted-Average Grant-Date Fair Value Number of Shares Weighted-Average Grant-Date Fair Value (Number of shares in millions) Outstanding at March 31, 2022 5.4 $24.34 22.2 $15.36 — (1) $11.51 7.9 $11.87 Granted — — 0.3 $8.97 — (1) $10.27 11.9 $9.02 Options exercised or restricted stock or RSUs vested — (1) $7.70 (0.4) $10.17 — (1) $11.19 (5.0) $11.99 Forfeited or expired (1.1) $16.58 (1.5) $17.21 — — (0.3) $10.59 Outstanding at December 31, 2022 4.3 $26.31 20.6 $15.22 — (1) $10.95 14.5 $9.49 __________________ (1) Represents less than 0.1 million shares. (c) Share Repurchases

Income Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The income tax provision for the three and nine months ended December 31, 2022 and 2021 is calculated by estimating the Company's annual effective tax rate (estimated annual tax provision divided by estimated annual income before income taxes), and then applying the effective tax rate to income (loss) before income taxes for the period, plus or minus the tax effects of items that relate discretely to the period, if any. The Company's income tax provision differs from the federal statutory rate multiplied by pre-tax income (loss) due to the mix of the Company's pre-tax income (loss) generated across the various jurisdictions in which the Company operates, changes in the valuation allowance against the Company's deferred tax assets, and certain minimum taxes and foreign withholding taxes. The Company's income tax provision for the three and nine months ended December 31, 2022 and 2021 was also impacted by an interest accrual on uncertain tax benefits, and the release of uncertain tax benefits due to the close of audits or expiration of statutory limitations. The Company's income tax provision for the three and nine months ended December 31, 2021 was also impacted by additional uncertain tax benefits related to state income taxes identified during state audits.

Restructuring and Other

Restructuring and Other	9 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Other	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 and nine months ended December 31, 2022 and 2021, the Company also incurred certain other unusual charges or benefits, which are included in direct operating expense and distribution and marketing expense in the consolidated statements of operations as 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 and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Restructuring and other: Content and other impairments (1) $ 80.8 $ — $ 299.7 $ — Severance (2) Cash 2.4 — 14.8 3.8 Accelerated vesting on equity awards (see Note 12) 1.5 — 2.1 — Total severance costs 3.9 — 16.9 3.8 COVID-19 related charges included in restructuring and other (3) — 0.2 0.1 0.9 Transaction and other costs (benefits) (4) (9.4) 0.3 (0.2) 2.5 Total Restructuring and Other 75.3 0.5 316.5 7.2 Other unusual charges not included in restructuring and other or the Company's operating segments: Content charges included in direct operating expense (5) — — 7.2 — COVID-19 related charges (benefit) included in: Direct operating expense (6) (1.8) (2.8) (8.8) (2.3) Distribution and marketing expense — — — 0.3 Total restructuring and other and other unusual charges not included in restructuring and other $ 73.5 $ (2.3) $ 314.9 $ 5.2 _______________________ (1) Media Networks Restructuring: For the second quarter ended September 30, 2022, due to the macro and microeconomic conditions, including the competitive environment, continued inflationary trends and recessionary economies worldwide and its impact on the Company's growth in subscribers worldwide, the Company began a plan to restructure its LIONSGATE+ business (formerly STARZPLAY International). This restructuring includes exiting the business in seven international territories (France, Germany, Italy, Spain, Benelux, the Nordics and Japan). The Company's Starz domestic operations have also been impacted by these current market conditions, and the Company has revised its subscriber growth and forecasted cash flow assumptions and implemented certain cost-saving measures. These changes in forecasted cash flow resulted in an impairment of $1.475 billion of goodwill related to the Media Networks segment in the second quarter ended September 30, 2022, as discussed in Note 5. Other Impairments: Amounts in the nine months ended December 31, 2022 also include an impairment of an operating lease right-of-use asset related to the Studio business and corporate facilities amounting to $5.8 million associated with a portion of a facility lease that will no longer be utilized by the Company. The impairment reflects a decline in market conditions since the inception of the lease impacting potential sublease opportunities, and represents the difference between the estimated fair value, which was determined based on the expected discounted future cash flows of the lease asset, and the carrying value. (2) Severance costs were primarily related to the restructuring activities and other cost-saving initiatives. (3) Amounts represent certain incremental general and administrative costs associated with the COVID-19 global pandemic, such as costs related to transitioning the Company to a remote-work environment, costs associated with return-to-office safety protocols, and other incremental general and administrative costs associated with the COVID-19 global pandemic. (4) Transaction and other costs in the three and nine months ended December 31, 2022 and 2021 reflect transaction, integration and legal costs associated with certain strategic transactions, and restructuring activities and also include costs and benefits associated with certain legal matters. In the three and nine months ended December 31, 2022, these amounts include a benefit of $11.0 million for a settlement of a legal matter related to the Media Networks segment. (5) In the nine months ended December 31, 2022, in connection with certain management changes and changes in the theatrical marketplace in the Motion Picture segment, the Company wrote off approximately $7.2 million of development costs as a result of changes in strategy across its theatrical slate. These charges are excluded from segment results and included in amortization of investment in film and television programs in direct operating expense on the unaudited condensed consolidated statement of operations. (6) 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 $2.8 million and $10.7 million, respectively, in the three and nine months ended December 31, 2022 (three and nine months ended December 31, 2021 - insurance recoveries of $5.0 million and $13.6 million, respectively). In the three and nine months ended December 31, 2022 and 2021, insurance recoveries exceeded the incremental costs expensed in the period, 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. Changes in the restructuring and other severance liability were as follows for the nine months ended December 31, 2022 and 2021: Nine Months Ended December 31, 2022 2021 (Amounts in millions) Severance liability Beginning balance $ 1.5 $ 5.7 Accruals 14.8 3.8 Severance payments (5.0) (8.0) Ending balance (1) $ 11.3 $ 1.5 _______________________

Segment Information

Segment Information	9 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	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 three reportable business segments: (1) Motion Picture, (2) Television Production and (3) Media Networks. We refer to our Motion Picture and Television Production segments collectively as our Studio Business. Studio Business: Motion Picture. 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. Television Production consists of the development, production and worldwide distribution of television productions including television series, television movies and mini-series, and non-fiction programming. Television Production includes the licensing of Starz original series productions to Starz Networks and LIONSGATE+, and the ancillary market distribution of Starz original productions and licensed product. Additionally, the Television Production segment includes the results of operations of 3 Arts Entertainment. Media Networks Business: Media Networks. Media Networks consists of the following product lines (i) Starz Networks, which includes the domestic distribution of STARZ branded premium subscription video services through over-the-top ("OTT") platforms and U.S. multichannel video programming distributors ("MVPDs") including cable operators, satellite television providers and telecommunication companies (collectively, "Distributors") and on a direct-to-consumer basis through the Starz App and (ii) LIONSGATE+, which represents revenues primarily from the OTT distribution of the STARZ premium subscription video services outside of the U.S. (formerly STARZPLAY International). In the ordinary course of business, the Company's reportable segments enter into transactions with one another. The most common types of intersegment transactions include licensing motion pictures or television programming (including Starz original productions) from the Motion Picture and Television Production segments to the Media Networks segment. While intersegment transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses, assets, or liabilities recognized by the segment that is the counterparty to the transaction) are eliminated in consolidation and, therefore, do not affect consolidated results. Segment information is presented in the table below: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Segment revenues Studio Business: Motion Picture $ 288.8 $ 275.3 $ 791.6 $ 897.3 Television Production 605.4 438.6 1,468.6 1,160.8 Total Studio Business 894.2 713.9 2,260.2 2,058.1 Media Networks 380.3 388.9 1,157.5 1,155.9 Intersegment eliminations (274.4) (217.4) (648.6) (539.6) $ 1,000.1 $ 885.4 $ 2,769.1 $ 2,674.4 Intersegment revenues Studio Business: Motion Picture $ 16.2 $ 28.2 $ 30.0 $ 35.4 Television Production 258.2 189.2 618.6 504.2 Total Studio Business 274.4 217.4 648.6 539.6 Media Networks — — — — $ 274.4 $ 217.4 $ 648.6 $ 539.6 Gross contribution Studio Business: Motion Picture $ 97.0 $ 90.2 $ 248.9 $ 283.3 Television Production 82.3 28.6 136.6 79.6 Total Studio Business 179.3 118.8 385.5 362.9 Media Networks 72.4 49.5 104.0 187.1 Intersegment eliminations (8.4) (1.9) (31.3) 3.7 $ 243.3 $ 166.4 $ 458.2 $ 553.7 Segment general and administration Studio Business: Motion Picture $ 20.5 $ 22.7 $ 66.2 $ 69.8 Television Production 10.8 9.3 32.0 28.8 Total Studio Business 31.3 32.0 98.2 98.6 Media Networks 22.9 21.0 70.5 65.0 $ 54.2 $ 53.0 $ 168.7 $ 163.6 Segment profit Studio Business: Motion Picture $ 76.5 $ 67.5 $ 182.7 $ 213.5 Television Production 71.5 19.3 104.6 50.8 Total Studio Business 148.0 86.8 287.3 264.3 Media Networks 49.5 28.5 33.5 122.1 Intersegment eliminations (8.4) (1.9) (31.3) 3.7 $ 189.1 $ 113.4 $ 289.5 $ 390.1 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 general and administrative expense, restructuring and other costs, share-based compensation, certain programming and content charges as a result of changes in management and/or programming and content strategy, certain charges related to the COVID-19 global pandemic, charges related to Russia's invasion of Ukraine, and purchase accounting and related adjustments. The Company believes the presentation of segment profit is relevant and useful for investors because it allows investors to view segment performance in a manner similar to the primary method used by the Company's management and enables them to understand the fundamental performance of the Company's businesses. The reconciliation of total segment profit to the Company’s income (loss) before income taxes is as follows: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Company’s total segment profit $ 189.1 $ 113.4 $ 289.5 $ 390.1 Corporate general and administrative expenses (21.3) (21.8) (69.4) (70.5) Adjusted depreciation and amortization (1) (9.8) (11.7) (29.5) (32.7) Restructuring and other (2) (75.3) (0.5) (316.5) (7.2) Goodwill impairment (3) — — (1,475.0) — COVID-19 related benefit (charges) included in direct operating expense and distribution and marketing expense (4) 1.8 2.8 8.8 2.0 Content charges (5) — — (7.2) — Adjusted share-based compensation expense (6) (23.3) (22.6) (57.7) (77.5) Purchase accounting and related adjustments (7) (53.4) (50.3) (151.1) (144.8) Operating income (loss) 7.8 9.3 (1,808.1) 59.4 Interest expense (59.6) (44.4) (163.0) (130.0) Interest and other income 1.7 1.4 4.8 29.4 Other expense (10.7) (1.9) (21.1) (6.2) Gain (loss) on extinguishment of debt 38.2 (1.1) 40.3 (28.2) Gain (loss) on investments 43.4 (0.2) 42.1 1.2 Equity interests income (loss) — (2.5) 0.8 (1.4) Income (loss) before income taxes $ 20.8 $ (39.4) $ (1,904.2) $ (75.8) ___________________ (1) Adjusted depreciation and amortization represents depreciation and amortization as presented on our unaudited condensed consolidated statements of operations less the depreciation and amortization related to the non-cash fair value adjustments to property and equipment and intangible assets acquired in recent acquisitions which are included in the purchase accounting and related adjustments line item above, as shown in the table below: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Depreciation and amortization $ 46.3 $ 46.3 $ 133.9 $ 134.1 Less: Amount included in purchase accounting and related adjustments (36.5) (34.6) (104.4) (101.4) Adjusted depreciation and amortization $ 9.8 $ 11.7 $ 29.5 $ 32.7 (2) Restructuring and other includes restructuring and severance costs, certain transaction and other costs, and certain unusual items, when applicable (see Note 14). (3) Goodwill impairment reflects the impairment charge recorded in the nine months ended December 31, 2022 related to the Media Networks reporting unit (see Note 5). (4) During the three and nine months ended December 31, 2022 and 2021, 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 14). These charges (benefits) are excluded from segment operating results. (5) Content charges represent certain charges included in direct operating expense in the consolidated statements of operations, and excluded from segment operating results (see Note 14 for further information). (6) The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Total share-based compensation expense $ 24.8 $ 22.6 $ 59.8 $ 77.5 Less: Amount included in restructuring and other (i) (1.5) — (2.1) — Adjusted share-based compensation $ 23.3 $ 22.6 $ 57.7 $ 77.5 (i) Represents share-based compensation expense included in restructuring and other expenses reflecting the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements. (7) Purchase accounting and related adjustments primarily represent the amortization of non-cash fair value adjustments to certain assets acquired in recent acquisitions. These adjustments include the accretion of the noncontrolling interest discount related to Pilgrim Media Group and 3 Arts Entertainment, the amortization of the recoupable portion of the purchase price and the expense associated with the earned distributions related to 3 Arts Entertainment, all of which are accounted for as compensation and are included in general and administrative expense. The following sets forth the amounts included in each line item in the financial statements: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Purchase accounting and related adjustments: Direct operating $ — $ — $ 0.7 $ 0.5 General and administrative expense 16.9 15.7 46.0 42.9 Depreciation and amortization 36.5 34.6 104.4 101.4 $ 53.4 $ 50.3 $ 151.1 $ 144.8 See Note 10 for revenues by media or product line as broken down by segment for the three and nine months ended December 31, 2022 and 2021. The following table reconciles segment general and administration expense to the Company's total consolidated general and administration expense: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) General and administration Segment general and administrative expenses $ 54.2 $ 53.0 $ 168.7 $ 163.6 Corporate general and administrative expenses 21.3 21.8 69.4 70.5 Share-based compensation expense included in general and administrative expense 22.6 22.0 55.9 76.1 Purchase accounting and related adjustments 16.9 15.7 46.0 42.9 $ 115.0 $ 112.5 $ 340.0 $ 353.1 The reconciliation of total segment assets to the Company’s total consolidated assets is as follows: December 31, March 31, (Amounts in millions) Assets Motion Picture $ 1,740.4 $ 1,622.6 Television Production 1,900.7 1,978.9 Media Networks 3,168.8 4,706.7 Other unallocated assets (1) 782.6 683.0 $ 7,592.5 $ 8,991.2 _____________________ (1) Other unallocated assets primarily consist of cash, other assets and investments.

Contingencies

Contingencies	9 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	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 December 31, 2022, 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 nine months ended December 31, 2021, the Company settled with all of the insurers in its previous lawsuits related to insurance reimbursements associated with its previous Starz shareholder litigation settlement, which resulted in a net settlement amount received by the Company of $22.7 million in the nine months ended December 31, 2021, which is included in the “interest and other income” line item on the unaudited condensed consolidated statements of operations.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	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 reflected in accumulated other comprehensive income (loss), and changes in the fair value of foreign exchange contracts that are not designated as hedges and do not qualify for hedge accounting are recorded in direct operating expense. Gains and losses realized upon settlement of the foreign exchange contracts that are designated as hedges are amortized to direct operating expense on the same basis as the production expenses being hedged. As of December 31, 2022, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 33 months from December 31, 2022): December 31, 2022 Foreign Currency Foreign Currency Amount US Dollar Amount Weighted Average Exchange Rate Per $1 USD (Amounts in millions) (Amounts in millions) British Pound Sterling 24.0 GBP in exchange for $27.0 0.89 GBP Czech Koruna 461.6 CZK in exchange for $18.6 24.78 CZK Euro 14.4 EUR in exchange for $10.0 1.45 EUR Canadian Dollar 27.3 CAD in exchange for $19.6 1.39 CAD Polish Zloty 8.0 PLN in exchange for $1.8 4.49 PLN 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 interest rate swaps to facilitate its interest rate risk management activities, which the Company generally designates as cash flow hedges of interest payments on floating-rate borrowings. Pay-fixed swaps effectively convert floating-rate borrowings to fixed-rate borrowings. The unrealized gains or losses from these designated cash flow hedges are deferred in accumulated other comprehensive income (loss) and recognized in interest expense as the interest payments occur. Changes in the fair value of interest rate swaps that are not designated as hedges are recorded in interest expense (see further explanation below). Cash settlements related to interest rate contracts are generally classified as operating activities on the consolidated statements of cash flows. However, due to a financing component (debt host) on a portion of our previously outstanding interest rate swaps (see Terminated Swaps, Designated Cash Flow Hedges at March 31, 2022 table below), the cash flows related to these contracts are classified as financing activities through the date of termination. May 2022 Transactions : In May 2022, the Company terminated certain of its interest rate swap contracts with effective dates of May 19, 2020, June 15, 2020 and August 14, 2020, (the "Terminated Swaps"), as presented in the Terminated Swaps tables below. As a result of the terminations, the Company received approximately $56.4 million. Simultaneously with the termination of the Terminated Swaps, the Company re-designated all other swaps previously not designated (i.e., swaps with effective dates of May 23, 2018, June 25, 2018, July 31, 2018 and December 24, 2018 (the "Re-designated Swaps")) as cash flow hedges of variable rate debt with an aggregate notional amount of $1.4 billion, as presented in the Designated Cash Flow Hedges table below. In addition to the $1.4 billion Re-designated Swaps, the Company also has $300.0 million of other interest rate swaps designated as cash flow hedges as of December 31, 2022. Accordingly, at December 31, 2022, the Company has a total of $1.7 billion of interest rate swaps designated as cash flow hedges (see Designated Cash Flow Hedges table below). Terminated Swaps: Designated Cash Flow Hedges at March 31, 2022: Effective Date Notional Amount Fixed Rate Paid Maturity Date (1) (in millions) May 19, 2020 $700.0 1.923% March 23, 2030 (2) May 19, 2020 $350.0 2.531% March 23, 2027 (2) June 15, 2020 $150.0 2.343% March 23, 2027 (2) August 14, 2020 $200.0 1.840% March 23, 2030 (2) Total $1,400.0 __________________ (1) Subject to a mandatory early termination date of March 23, 2025. (2) These pay-fixed interest rate swaps were considered hybrid instruments with a financing component (debt host) and an embedded at-market derivative that was designated as a cash flow hedge. Not Designated Cash Flow Hedges at March 31, 2022: Effective Date Notional Amount Fixed Rate Received Maturity Date (in millions) May 19, 2020 $700.0 2.915% March 24, 2025 August 14, 2020 $200.0 2.723% March 23, 2025 May 19, 2020 $300.0 2.885% March 23, 2025 May 19, 2020 $50.0 2.744% March 23, 2025 June 15, 2020 $100.0 2.808% March 23, 2025 June 15, 2020 $50.0 2.728% March 23, 2025 Total $1,400.0 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 Swaps (see Designated Cash Flow Hedges table below) at the re-designation date will be amortized as a reduction of interest expense throughout the remaining term of the Re-designated Swaps, unless it becomes probable that the cash flows originally hedged will not occur, in which case the proportionate amount of the loss will be recorded to interest expense at that time. The receipt of approximately $56.4 million was classified in the unaudited condensed consolidated 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). Designated Cash Flow Hedges. As of December 31, 2022, the Company had the following pay-fixed interest rate swaps which have been designated as cash flow hedges outstanding (all related to the Company's LIBOR-based debt, see Note 6 and Note 7): 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 Swaps as described in the May 2022 Transactions section above that were previously not designated cash flow hedges at March 31, 2022. Financial Statement Effect of Derivatives Unaudited condensed consolidated statements of operations and comprehensive income (loss): The following table presents the pre-tax effect of the Company's derivatives on the accompanying unaudited condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts Gain recognized in accumulated other comprehensive income (loss) $ 2.7 $ 1.0 $ 4.4 $ 1.2 Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense $ (0.6) $ 1.0 $ (0.7) $ 0.6 Interest rate swaps Gain (loss) recognized in accumulated other comprehensive income (loss) $ 6.5 $ 8.3 $ 87.8 $ (21.4) Gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense $ 3.6 $ (4.2) $ (5.7) $ (11.5) Derivatives not designated as cash flow hedges: Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) into interest expense $ (2.1) $ (8.5) $ (9.9) $ (25.5) Total direct operating expense on consolidated statements of operations $ 584.7 $ 517.9 $ 1,744.7 $ 1,487.2 Total interest expense on consolidated statements of operations $ 59.6 $ 44.4 $ 163.0 $ 130.0 Unaudited condensed consolidated balance sheets: The Company classifies its forward foreign exchange contracts and interest rate swap agreements within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments (see Note 8). The portion of the swaps reflecting the financing component (debt host) of the hybrid instrument discussed above is recorded at amortized cost and reduced over time based on payments. Pursuant to the Company's accounting policy to offset the fair value amounts recognized for derivative instruments, the Company presents the asset or liability position of the swaps that are with the same counterparty under a master netting arrangement net as either an asset or liability in its unaudited condensed consolidated balance sheets. As of December 31, 2022, there were no swaps outstanding that were subject to a master netting arrangement. As of March 31, 2022, the gross amount of swaps in an asset and liability position that were subject to a master netting arrangement was $169.6 million and $147.3 million, respectively, resulting in an asset recorded in other assets - non-current of $32.0 million and a liability recorded in other liabilities - non-current of $9.8 million. As of December 31, 2022 and March 31, 2022, the Company had the following amounts recorded in the accompanying unaudited condensed consolidated balance sheets related to the Company's use of derivatives: December 31, 2022 Other Current Assets Other Non-Current Assets Accounts Payable and Accrued Liabilities Other Non-Current Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ 13.2 $ — $ 4.3 $ — Interest rate swaps — 54.8 — — Fair value of derivatives $ 13.2 $ 54.8 $ 4.3 $ — March 31, 2022 Other Current Assets Other Non-Current Assets Accounts Payable and Accrued Liabilities Other Non-Current Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ 3.5 $ — $ 2.8 $ — Interest rate swaps — 109.1 — (39.4) Derivatives not designated as cash flow hedges: Interest rate swaps (1) — (77.1) — 56.8 Fair value of derivatives $ 3.5 32.0 $ 2.8 17.4 ________________ (1) Includes $88.1 million and $46.0 million included in other non-current assets and other non-current liabilities, respectively, representing the financing element (debt host) of certain hybrid instruments, which was offset by the pay-variable receive-fixed interest rate swaps outstanding at March 31, 2022. As of December 31, 2022, based on the current release schedule, the Company estimates approximately $3.3 million of gains associated with forward foreign exchange contract cash flow hedges in accumulated other comprehensive income will be reclassified into earnings during the one-year period ending December 31, 2023.

Additional Financial Informatio

Additional Financial Information	9 Months Ended
	Dec. 31, 2022
Additional Financial Information [Abstract]
Additional Financial Information	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 sheet to the total amounts reported in the unaudited condensed consolidated statement of cash flows at December 31, 2022 and March 31, 2022. At December 31, 2022 and March 31, 2022, 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. December 31, March 31, (Amounts in millions) Cash and cash equivalents $ 425.4 $ 371.2 Restricted cash included in other current assets 30.4 13.4 Restricted cash included in other non-current assets 15.2 — Total cash, cash equivalents and restricted cash $ 471.0 $ 384.6 Other Assets The composition of the Company’s other assets is as follows as of December 31, 2022 and March 31, 2022: December 31, March 31, (Amounts in millions) Other current assets Prepaid expenses and other $ 58.5 $ 62.5 Restricted cash 30.4 13.4 Contract assets 57.7 40.5 Tax credits receivable 146.7 128.3 $ 293.3 $ 244.7 Other non-current assets Prepaid expenses and other $ 8.2 $ 10.5 Restricted cash 15.2 — Accounts receivable 25.1 39.0 Contract assets 5.3 9.3 Tax credits receivable 335.8 316.1 Operating lease right-of-use assets 167.5 170.7 Interest rate swap assets 54.8 32.0 $ 611.9 $ 577.6 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 and nine months ended December 31, 2022 and 2021. Individual Monetization Agreements. The Company enters into individual agreements to monetize trade accounts receivable. The third-party purchasers have no recourse to other assets of the Company in the event of non-payment by the customers. The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Carrying value of receivables transferred and derecognized $ 404.5 $ 336.2 $ 1,075.3 $ 1,083.9 Net cash proceeds received 394.5 334.2 1,056.5 1,077.6 Loss recorded related to transfers of receivables 10.0 2.1 18.8 6.2 At December 31, 2022, 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 $522.5 million (March 31, 2022 - $460.5 million). Pooled Monetization Agreement. In December 2019, the Company entered into a revolving agreement, as amended in September 2022, to transfer up to $150.0 million of certain receivables to various financial institutions on a recurring basis in exchange for cash equal to the gross receivables transferred, which expires July 31, 2023. As customers pay their balances, the Company transfers additional receivables into the program. The transferred receivables are fully guaranteed by a bankruptcy-remote wholly-owned subsidiary of the Company, which holds additional receivables in the amount of $54.3 million as of December 31, 2022 that are pledged as collateral under this agreement. The third-party purchasers have no recourse to other assets of the Company in the event of non-payment by the customers. The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Gross cash proceeds received for receivables transferred and derecognized $ 57.3 $ 20.4 $ 156.0 $ 111.8 Less amounts from collections reinvested under revolving agreement (33.3) (12.1) (83.3) (76.0) Proceeds from new transfers 24.0 8.3 72.7 35.8 Collections not reinvested and remitted or to be remitted (24.2) (10.8) (48.0) (44.4) Net cash proceeds received (paid or to be paid) (1) $ (0.2) $ (2.5) $ 24.7 $ (8.6) Carrying value of receivables transferred and derecognized (2) $ 57.0 $ 20.3 $ 154.2 $ 110.9 Obligations recorded $ 1.0 $ — $ 4.4 $ 0.9 Loss recorded related to transfers of receivables $ 0.7 $ (0.1) $ 2.6 $ — ___________________ (1) In addition, during the three and nine months ended December 31, 2022, the Company repurchased $6.5 million and $27.4 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 (three and nine months ended December 31, 2021 - the Company repurchased $25.5 million of receivables previously transferred). (2) Receivables net of unamortized discounts on long-term, non-interest bearing receivables. At December 31, 2022, the outstanding amount of receivables derecognized from the Company's unaudited condensed consolidated balance sheet, but which the Company continues to service, related to the pooled monetization agreement was approximately $76.7 million (March 31, 2022 - $79.5 million). Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in the components of accumulated other comprehensive income (loss), net of tax: Foreign currency translation adjustments Net unrealized gain (loss) on cash flow hedges Total (Amounts in millions) March 31, 2022 $ (19.7) $ 49.0 $ 29.3 Other comprehensive income (loss) (3.4) 92.2 88.8 Reclassifications to net loss (1) — 16.3 16.3 December 31, 2022 $ (23.1) $ 157.5 $ 134.4 March 31, 2021 $ (15.1) $ (68.2) $ (83.3) Other comprehensive loss (1.2) (20.2) (21.4) Reclassifications to net loss (1) — 36.4 36.4 December 31, 2021 $ (16.3) $ (52.0) $ (68.3) ___________________ (1) Represents a loss of $0.7 million included in direct operating expense and a loss of $15.6 million included in interest expense on the unaudited condensed consolidated statement of operations in the nine months ended December 31, 2022 (nine months ended December 31, 2021 - gain of $0.6 million included in direct operating expense and loss of $37.0 million included in interest expense) (see Note 17). Supplemental Cash Flow Information Significant non-cash transactions during the nine months ended December 31, 2022 and 2021 include certain interest rate swap agreements, which are discussed in Note 17, "Derivative Instruments and Hedging Activities". There were no significant non-cash financing activities for the nine months ended December 31, 2022 and 2021. The supplemental schedule of non-cash investing activities is presented below: Nine Months Ended December 31, 2022 2021 (Amounts in millions) Non-cash investing activities: Accrued equity-method investment $ — $ 19.0

General (Policies)

General (Policies)	9 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Lionsgate and all of its majority-owned and controlled subsidiaries. The unaudited condensed consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to quarterly report on Form 10-Q under the Securities Exchange Act of 1934, as amended, and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been reflected in these unaudited condensed consolidated financial statements. Operating results for the three and nine months ended December 31, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2023. The balance sheet at March 31, 2022 has been derived from the audited financial statements at that date, but does not include all the information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed consolidated financial statements should be read together with the consolidated financial statements and related notes included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2022.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions, including the potential impacts arising from the COVID-19 global pandemic and Russia's invasion of Ukraine, 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 of future viewership used for the amortization of licensed program rights; estimates related to the revenue recognition of sales or usage-based royalties; fair value of equity-based compensation; fair value of assets and liabilities for allocation of the purchase price of companies acquired; income taxes including the assessment of valuation allowances for deferred tax assets; accruals for contingent liabilities; and impairment assessments for investment in films and television programs and licensed program rights, property and equipment, equity investments, goodwill and intangible assets. Actual results could differ from such estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Guidance Adopted in Fiscal 2023 Government Assistance: In November 2021, the Financial Accounting Standards Board ("FASB") issued guidance which requires certain annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2021, and therefore will be effective beginning with the Company's financial statements issued for the year ending March 31, 2023. While the adoption of this guidance will not have an impact on the Company's consolidated balance sheet or statement of operations, the adoption of this guidance may require additional annual disclosures in the Company's financial statements for the year ending March 31, 2023, which the Company is currently in the process of assessing. Accounting Guidance Adopted in Fiscal 2022 Reference Rate Reform: In March 2020, the FASB issued guidance which provides optional expedients and exceptions for applying U.S. GAAP to contract modifications, hedging relationships, and other transactions affected by the market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates, if certain criteria are met. Additionally, in January 2021, the FASB issued additional guidance, which allows entities to elect certain optional expedients and exceptions when accounting for derivative contracts and certain hedging relationships affected by changes in the interest rates. In December 2022, the FASB issued final guidance deferring the sunset date of the transition relief. The guidance is applicable to contract modifications made between March 12, 2020 and December 31, 2024 and hedging relationships that exist as of the beginning of an interim period that includes March 12, 2020 and new eligible hedging relationships designated in subsequent periods. The Company adopted this guidance on July 1, 2021 and is applying its provisions prospectively through December 31, 2024, with no material impact to the Company’s financial statements.
Net Income (Loss) Per Share	Basic net income (loss) per share is calculated based on the weighted average common shares outstanding for the period.

Investment In Films and Telev_2

Investment In Films and Television Programs and Licensed Program Rights (Tables)	9 Months Ended
	Dec. 31, 2022
Investment In Films And Television Programs and Program Rights [Abstract]
Investment in Films and Television Programs and Licensed Program Rights	Total investment in films and television programs and licensed program rights by predominant monetization strategy is as follows: December 31, March 31, (Amounts in millions) Investment in Films and Television Programs: Individual Monetization Released, net of accumulated amortization $ 540.8 $ 557.5 Completed and not released 151.5 121.4 In progress 722.7 574.9 In development 73.5 102.7 1,488.5 1,356.5 Film Group Monetization Released, net of accumulated amortization 557.8 469.5 Completed and not released 401.4 253.2 In progress 193.6 427.6 In development 10.1 11.4 1,162.9 1,161.7 Licensed program rights, net of accumulated amortization 352.7 495.4 Investment in films and television programs and licensed program rights, net $ 3,004.1 $ 3,013.6
Amortization of Investment in Films and Television Programs and Licensed Program Rights	Amortization of investment in film and television programs and licensed program rights by predominant monetization strategy is as follows for the three and nine months ended December 31, 2022 and 2021, and was included in direct operating expense in the unaudited condensed consolidated statements of operations: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Amortization expense: Individual monetization $ 207.9 $ 205.2 $ 711.1 $ 624.7 Film group monetization 82.8 98.6 227.7 219.3 Licensed program rights 94.4 84.8 345.6 274.7 $ 385.1 $ 388.6 $ 1,284.4 $ 1,118.7
Impairments By Segment	The following table sets forth impairments by segment and the line item in our unaudited condensed consolidated statement of operations they are recorded in for the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Impairments by segment: Included in direct operating expense: Motion Picture $ 0.6 $ 1.1 $ 1.1 $ 1.2 Television Production — 1.5 4.7 28.1 Included in restructuring and other: Impairments not included in segment operating results (1) 80.8 — 293.8 — $ 81.4 $ 2.6 $ 299.6 $ 29.3 ________________ (1) Represents charges related to the Media Networks restructuring plan initiatives, including content impairment of programming in certain international territories associated with the restructuring of LIONSGATE+ (formerly STARPLAY International), and individual content charges pursuant to a strategic review of content performance across Starz's domestic and international platforms resulting in certain programming being removed from those platforms and written down to fair value. See Note 14 for further information.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Dec. 31, 2022
Equity Method Investments, and Investments in Debt and Equity Securities [Abstract]
Carrying Amount of Investments, By Category	The Company's investments consisted of the following: December 31, March 31, (Amounts in millions) Investments in equity method investees $ 63.4 $ 53.9 Other investments 1.6 2.1 $ 65.0 $ 56.0
Summarized Balance Sheet	Summarized financial information for the Company's equity method investees on an aggregate basis is set forth below: December 31, March 31, (Amounts in millions) Current assets $ 197.6 $ 125.3 Non-current assets $ 160.3 $ 166.4 Current liabilities $ 188.4 $ 253.9 Non-current liabilities $ 61.9 $ 59.8
Summarized Statement of Income	Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Revenues $ 57.5 $ 14.7 $ 135.4 $ 51.9 Gross profit $ 9.0 $ 5.5 $ 29.9 $ 14.3 Net loss $ (12.7) $ (16.8) $ (24.6) $ (36.7)

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying value of goodwill by reporting segment were as follows: Motion Television Media Networks Total (Amounts in millions) Balance as of March 31, 2022 $ 393.7 $ 401.9 $ 1,968.9 $ 2,764.5 Impairments — — (1,475.0) (1,475.0) Balance as of December 31, 2022 $ 393.7 $ 401.9 $ 493.9 $ 1,289.5

Debt (Tables)

Debt (Tables)	9 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt, Excluding Film Related and Other Obligations	Total debt of the Company, excluding film related and other obligations, was as follows: December 31, March 31, (Amounts in millions) Corporate debt: Revolving Credit Facility $ — $ — Term Loan A 433.8 638.5 Term Loan B 834.8 844.2 5.500% Senior Notes 857.6 1,000.0 Total corporate debt 2,126.2 2,482.7 Unamortized debt issuance costs (44.4) (57.8) Total debt, net 2,081.8 2,424.9 Less current portion (39.2) (222.8) Non-current portion of debt $ 2,042.6 $ 2,202.1
Gain (Loss) on Extinguishment of Debt	During the three and nine months ended December 31, 2022 and 2021, the Company recorded a (gain) loss on extinguishment of debt related to the transactions described above as summarized in the table below: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (Gain) Loss on Extinguishment of Debt: Term Loan A prepayment $ — $ — $ 1.3 $ — Senior Notes repurchases in 2022; Senior Notes redemption and issuance in 2021 (38.2) — (41.6) 24.7 Credit Agreement amendment (Revolving Credit Facility and Term Loan A) — — — 1.7 Termination of a portion of Revolving Credit Facility commitments — 1.1 — 1.1 Term Loan B repurchases and other — — — 0.7 $ (38.2) $ 1.1 $ (40.3) $ 28.2

Film Related and Other Obliga_2

Film Related and Other Obligations (Tables)	9 Months Ended
	Dec. 31, 2022
Film Related And Other Obligations [Abstract]
Components	December 31, March 31, (Amounts in millions) Program rights and film obligations $ 260.9 $ 278.4 Film related obligations: Production Loans 1,435.7 966.3 Production Tax Credit Facility 231.2 224.0 Programming Notes 54.2 96.4 Backlog Facility and Other 233.6 — IP Credit Facility 152.3 123.5 Total film related obligations 2,107.0 1,410.2 Unamortized debt issuance costs (11.8) (8.5) Total film related obligations, net 2,095.2 1,401.7 Less current portion (1,261.2) (951.1) Total non-current film related and other obligations $ 1,094.9 $ 729.0
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 Cumulative Minimum Guaranteed Payment Amounts 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

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
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 December 31, 2022 and March 31, 2022: December 31, 2022 March 31, 2022 Level 1 Level 2 Total Level 1 Level 2 Total Assets: (Amounts in millions) Equity securities with a readily determinable fair value $ — $ — $ — $ 0.5 $ — $ 0.5 Forward exchange contracts (see Note 17) — 13.2 13.2 — 3.5 3.5 Interest rate swaps (see Note 17) (1) — 54.8 54.8 — 120.1 120.1 Liabilities: Forward exchange contracts (see Note 17) — (4.3) (4.3) — (2.8) (2.8) Interest rate swaps (see Note 17) — — — — 28.6 28.6 ________________ (1) Amounts at March 31, 2022 exclude $88.1 million of financing component of interest rate swaps presented in the table below (none at December 31, 2022).
Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis	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 December 31, 2022 and March 31, 2022: December 31, 2022 March 31, 2022 (Amounts in millions) Carrying Fair Value (1) Carrying Value Fair Value (1) (Level 2) (Level 2) Term Loan A $ 429.5 $ 412.1 $ 631.9 $ 625.7 Term Loan B 829.8 794.1 837.5 828.3 5.500% Senior Notes 831.0 500.3 965.8 962.5 Production Loans 1,431.7 1,435.7 963.7 966.3 Production Tax Credit Facility 228.8 231.2 221.1 224.0 Programming Notes 54.2 54.2 96.4 96.4 Backlog Facility and Other 231.2 233.6 — — IP Credit Facility 149.1 152.3 120.6 123.5 Financing component of interest rate swaps (2) — — 134.0 122.9 ________________ (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 LIBOR-based yield curves, swap rates, and credit ratings (Level 2 measurements). (2) Amounts at March 31, 2022 include $88.1 million recorded as a reduction of assets under master netting arrangements (none at December 31, 2022).

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	9 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	The table below presents the reconciliation of changes in redeemable noncontrolling interests: Nine Months Ended December 31, 2022 2021 (Amounts in millions) Beginning balance $ 321.2 $ 219.1 Net loss attributable to redeemable noncontrolling interests (7.4) (14.4) Noncontrolling interests discount accretion 13.4 17.7 Adjustments to redemption value 34.7 33.8 Cash distributions (4.8) (1.2) Ending balance $ 357.1 $ 255.0

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The table below presents revenues by segment, market or product line for the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Revenue by Type: Motion Picture Theatrical $ 11.7 $ 5.7 $ 28.6 $ 50.0 Home Entertainment Digital Media 147.4 113.6 378.5 355.6 Packaged Media 19.3 31.3 55.3 96.4 Total Home Entertainment 166.7 144.9 433.8 452.0 Television 47.0 68.1 147.0 209.7 International 55.3 52.4 166.5 174.5 Other 8.1 4.2 15.7 11.1 Total Motion Picture revenues 288.8 275.3 791.6 897.3 Television Production Television 377.5 340.4 973.1 840.7 International 65.7 55.8 219.4 180.2 Home Entertainment Digital Media 131.2 12.8 205.1 70.6 Packaged Media 1.3 1.7 2.7 5.1 Total Home Entertainment 132.5 14.5 207.8 75.7 Other 29.7 27.9 68.3 64.2 Total Television Production revenues 605.4 438.6 1,468.6 1,160.8 Media Networks - Programming Revenues Domestic 341.7 362.5 1,048.7 1,079.2 International 38.6 26.4 108.8 76.7 380.3 388.9 1,157.5 1,155.9 Intersegment eliminations (274.4) (217.4) (648.6) (539.6) Total revenues $ 1,000.1 $ 885.4 $ 2,769.1 $ 2,674.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at December 31, 2022 are as follows: Rest of Year Ending March 31, 2023 Year Ending March 31, 2024 2025 Thereafter Total (Amounts in millions) Remaining Performance Obligations $ 502.3 $ 744.9 $ 451.3 $ 263.9 $ 1,962.4 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.
Accounts Receivable, Provision for Doubtful Accounts	Changes in the provision for doubtful accounts consisted of the following: March 31, 2022 (Benefit) provision for doubtful accounts (1) Uncollectible accounts written-off December 31, 2022 (Amounts in millions) Trade accounts receivable $ 11.5 $ (1.0) $ (0.4) $ 10.1 _______________________

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	9 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Basic Net Income (Loss) Per Common Share	Basic net income (loss) per share for the three and nine months ended December 31, 2022 and 2021 is presented below: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions, except per share amounts) Basic Net Income (Loss) Per Common Share: Numerator: Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders $ 16.6 $ (45.6) $ (1,913.5) $ (83.5) Denominator: Weighted average common shares outstanding 228.8 225.0 227.4 223.7 Basic net income (loss) per common share $ 0.07 $ (0.20) $ (8.41) $ (0.37)
Diluted Net Income (Loss) Per Common Share	Diluted net income (loss) per common share for the three and nine months ended December 31, 2022 and 2021 is presented below: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions, except per share amounts) Diluted Net Income (Loss) Per Common Share: Numerator: Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders $ 16.6 $ (45.6) $ (1,913.5) $ (83.5) Denominator: Weighted average common shares outstanding 228.8 225.0 227.4 223.7 Effect of dilutive securities: Share purchase options — — — — Restricted share units and restricted stock 1.3 — — — Adjusted weighted average common shares outstanding 230.1 225.0 227.4 223.7 Diluted net income (loss) per common share $ 0.07 $ (0.20) $ (8.41) $ (0.37)
Anti-dilutive Shares Issuable	Additionally, for the three and nine months ended December 31, 2022 and 2021, the outstanding common shares issuable presented below were excluded from diluted net income (loss) per common share because their inclusion would have had an anti-dilutive effect regardless of net income or loss in the period. Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Anti-dilutive shares issuable Share purchase options 25.2 16.0 22.8 16.0 Restricted share units 5.6 — 2.5 0.6 Other issuable shares 4.3 2.3 3.2 2.1 Total weighted average anti-dilutive shares issuable excluded from diluted net income (loss) per common share 35.1 18.3 28.5 18.7

Capital Stock (Tables)

Capital Stock (Tables)	9 Months Ended
	Dec. 31, 2022
Equity and Share-based Compensation [Abstract]
Common Shares Reserved For Future Issuance	The table below outlines common shares reserved for future issuance: December 31, March 31, (Amounts in millions) Stock options and share appreciation rights (SARs) outstanding 24.9 27.6 Restricted stock and restricted share units — unvested 14.5 7.9 Common shares available for future issuance 11.1 18.4 Shares reserved for future issuance 50.5 53.9
Share-Based Compensation Expense	The Company recognized the following share-based compensation expense during the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Compensation Expense: Stock options $ 1.5 $ 4.1 $ 5.6 $ 15.6 Restricted share units and other share-based compensation 20.8 16.4 49.7 56.4 Share appreciation rights 1.0 2.1 2.4 5.5 23.3 22.6 57.7 77.5 Impact of accelerated vesting on equity awards (1) 1.5 — 2.1 — Total share-based compensation expense $ 24.8 $ 22.6 $ 59.8 $ 77.5 Tax impact (2) (4.1) (4.4) (10.4) (15.3) Increase in net loss or reduction in net income $ 20.7 $ 18.2 $ 49.4 $ 62.2 ___________________ (1) Represents the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements. (2) Represents the income tax benefit recognized in the unaudited condensed consolidated 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: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Share-Based Compensation Expense: Direct operating $ 0.5 $ 0.4 $ 1.2 $ 0.9 Distribution and marketing 0.2 0.2 0.6 0.5 General and administration 22.6 22.0 55.9 76.1 Restructuring and other 1.5 — 2.1 — $ 24.8 $ 22.6 $ 59.8 $ 77.5
Schedule of Stock Option, SARs, Restricted Stock and Restricted Share Unit Activity	The following table sets forth the stock option, SARs, restricted stock and restricted share unit activity during the nine months ended December 31, 2022: Stock Options and SARs Restricted Stock and Restricted Share Units Class A Voting Shares Class B Non-Voting Shares Class A Voting Shares Class B Non-Voting Shares Number of Shares Weighted-Average Exercise Price Number of Shares Weighted-Average Exercise Price Number of Shares Weighted-Average Grant-Date Fair Value Number of Shares Weighted-Average Grant-Date Fair Value (Number of shares in millions) Outstanding at March 31, 2022 5.4 $24.34 22.2 $15.36 — (1) $11.51 7.9 $11.87 Granted — — 0.3 $8.97 — (1) $10.27 11.9 $9.02 Options exercised or restricted stock or RSUs vested — (1) $7.70 (0.4) $10.17 — (1) $11.19 (5.0) $11.99 Forfeited or expired (1.1) $16.58 (1.5) $17.21 — — (0.3) $10.59 Outstanding at December 31, 2022 4.3 $26.31 20.6 $15.22 — (1) $10.95 14.5 $9.49 __________________ (1) Represents less than 0.1 million shares.

Restructuring and Other (Tables

Restructuring and Other (Tables)	9 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Other	During the three and nine months ended December 31, 2022 and 2021, the Company also incurred certain other unusual charges or benefits, which are included in direct operating expense and distribution and marketing expense in the consolidated statements of operations as 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 and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Restructuring and other: Content and other impairments (1) $ 80.8 $ — $ 299.7 $ — Severance (2) Cash 2.4 — 14.8 3.8 Accelerated vesting on equity awards (see Note 12) 1.5 — 2.1 — Total severance costs 3.9 — 16.9 3.8 COVID-19 related charges included in restructuring and other (3) — 0.2 0.1 0.9 Transaction and other costs (benefits) (4) (9.4) 0.3 (0.2) 2.5 Total Restructuring and Other 75.3 0.5 316.5 7.2 Other unusual charges not included in restructuring and other or the Company's operating segments: Content charges included in direct operating expense (5) — — 7.2 — COVID-19 related charges (benefit) included in: Direct operating expense (6) (1.8) (2.8) (8.8) (2.3) Distribution and marketing expense — — — 0.3 Total restructuring and other and other unusual charges not included in restructuring and other $ 73.5 $ (2.3) $ 314.9 $ 5.2 _______________________ (1) Media Networks Restructuring: For the second quarter ended September 30, 2022, due to the macro and microeconomic conditions, including the competitive environment, continued inflationary trends and recessionary economies worldwide and its impact on the Company's growth in subscribers worldwide, the Company began a plan to restructure its LIONSGATE+ business (formerly STARZPLAY International). This restructuring includes exiting the business in seven international territories (France, Germany, Italy, Spain, Benelux, the Nordics and Japan). The Company's Starz domestic operations have also been impacted by these current market conditions, and the Company has revised its subscriber growth and forecasted cash flow assumptions and implemented certain cost-saving measures. These changes in forecasted cash flow resulted in an impairment of $1.475 billion of goodwill related to the Media Networks segment in the second quarter ended September 30, 2022, as discussed in Note 5. Other Impairments: Amounts in the nine months ended December 31, 2022 also include an impairment of an operating lease right-of-use asset related to the Studio business and corporate facilities amounting to $5.8 million associated with a portion of a facility lease that will no longer be utilized by the Company. The impairment reflects a decline in market conditions since the inception of the lease impacting potential sublease opportunities, and represents the difference between the estimated fair value, which was determined based on the expected discounted future cash flows of the lease asset, and the carrying value. (2) Severance costs were primarily related to the restructuring activities and other cost-saving initiatives. (3) Amounts represent certain incremental general and administrative costs associated with the COVID-19 global pandemic, such as costs related to transitioning the Company to a remote-work environment, costs associated with return-to-office safety protocols, and other incremental general and administrative costs associated with the COVID-19 global pandemic. (4) Transaction and other costs in the three and nine months ended December 31, 2022 and 2021 reflect transaction, integration and legal costs associated with certain strategic transactions, and restructuring activities and also include costs and benefits associated with certain legal matters. In the three and nine months ended December 31, 2022, these amounts include a benefit of $11.0 million for a settlement of a legal matter related to the Media Networks segment. (5) In the nine months ended December 31, 2022, in connection with certain management changes and changes in the theatrical marketplace in the Motion Picture segment, the Company wrote off approximately $7.2 million of development costs as a result of changes in strategy across its theatrical slate. These charges are excluded from segment results and included in amortization of investment in film and television programs in direct operating expense on the unaudited condensed consolidated statement of operations. (6) 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 $2.8 million and $10.7 million, respectively, in the three and nine months ended December 31, 2022 (three and nine months ended December 31, 2021 - insurance recoveries of $5.0 million and $13.6 million, respectively). In the three and nine months ended December 31, 2022 and 2021, insurance recoveries exceeded the incremental costs expensed in the period, 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. Changes in the restructuring and other severance liability were as follows for the nine months ended December 31, 2022 and 2021: Nine Months Ended December 31, 2022 2021 (Amounts in millions) Severance liability Beginning balance $ 1.5 $ 5.7 Accruals 14.8 3.8 Severance payments (5.0) (8.0) Ending balance (1) $ 11.3 $ 1.5 _______________________

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment information is presented in the table below: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Segment revenues Studio Business: Motion Picture $ 288.8 $ 275.3 $ 791.6 $ 897.3 Television Production 605.4 438.6 1,468.6 1,160.8 Total Studio Business 894.2 713.9 2,260.2 2,058.1 Media Networks 380.3 388.9 1,157.5 1,155.9 Intersegment eliminations (274.4) (217.4) (648.6) (539.6) $ 1,000.1 $ 885.4 $ 2,769.1 $ 2,674.4 Intersegment revenues Studio Business: Motion Picture $ 16.2 $ 28.2 $ 30.0 $ 35.4 Television Production 258.2 189.2 618.6 504.2 Total Studio Business 274.4 217.4 648.6 539.6 Media Networks — — — — $ 274.4 $ 217.4 $ 648.6 $ 539.6 Gross contribution Studio Business: Motion Picture $ 97.0 $ 90.2 $ 248.9 $ 283.3 Television Production 82.3 28.6 136.6 79.6 Total Studio Business 179.3 118.8 385.5 362.9 Media Networks 72.4 49.5 104.0 187.1 Intersegment eliminations (8.4) (1.9) (31.3) 3.7 $ 243.3 $ 166.4 $ 458.2 $ 553.7 Segment general and administration Studio Business: Motion Picture $ 20.5 $ 22.7 $ 66.2 $ 69.8 Television Production 10.8 9.3 32.0 28.8 Total Studio Business 31.3 32.0 98.2 98.6 Media Networks 22.9 21.0 70.5 65.0 $ 54.2 $ 53.0 $ 168.7 $ 163.6 Segment profit Studio Business: Motion Picture $ 76.5 $ 67.5 $ 182.7 $ 213.5 Television Production 71.5 19.3 104.6 50.8 Total Studio Business 148.0 86.8 287.3 264.3 Media Networks 49.5 28.5 33.5 122.1 Intersegment eliminations (8.4) (1.9) (31.3) 3.7 $ 189.1 $ 113.4 $ 289.5 $ 390.1
Reconciliation Of Total Segment Profit To The Company's Income (Loss) Before Income Taxes	The reconciliation of total segment profit to the Company’s income (loss) before income taxes is as follows: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Company’s total segment profit $ 189.1 $ 113.4 $ 289.5 $ 390.1 Corporate general and administrative expenses (21.3) (21.8) (69.4) (70.5) Adjusted depreciation and amortization (1) (9.8) (11.7) (29.5) (32.7) Restructuring and other (2) (75.3) (0.5) (316.5) (7.2) Goodwill impairment (3) — — (1,475.0) — COVID-19 related benefit (charges) included in direct operating expense and distribution and marketing expense (4) 1.8 2.8 8.8 2.0 Content charges (5) — — (7.2) — Adjusted share-based compensation expense (6) (23.3) (22.6) (57.7) (77.5) Purchase accounting and related adjustments (7) (53.4) (50.3) (151.1) (144.8) Operating income (loss) 7.8 9.3 (1,808.1) 59.4 Interest expense (59.6) (44.4) (163.0) (130.0) Interest and other income 1.7 1.4 4.8 29.4 Other expense (10.7) (1.9) (21.1) (6.2) Gain (loss) on extinguishment of debt 38.2 (1.1) 40.3 (28.2) Gain (loss) on investments 43.4 (0.2) 42.1 1.2 Equity interests income (loss) — (2.5) 0.8 (1.4) Income (loss) before income taxes $ 20.8 $ (39.4) $ (1,904.2) $ (75.8) ___________________ (1) Adjusted depreciation and amortization represents depreciation and amortization as presented on our unaudited condensed consolidated statements of operations less the depreciation and amortization related to the non-cash fair value adjustments to property and equipment and intangible assets acquired in recent acquisitions which are included in the purchase accounting and related adjustments line item above, as shown in the table below: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Depreciation and amortization $ 46.3 $ 46.3 $ 133.9 $ 134.1 Less: Amount included in purchase accounting and related adjustments (36.5) (34.6) (104.4) (101.4) Adjusted depreciation and amortization $ 9.8 $ 11.7 $ 29.5 $ 32.7 (2) Restructuring and other includes restructuring and severance costs, certain transaction and other costs, and certain unusual items, when applicable (see Note 14). (3) Goodwill impairment reflects the impairment charge recorded in the nine months ended December 31, 2022 related to the Media Networks reporting unit (see Note 5). (4) During the three and nine months ended December 31, 2022 and 2021, 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 14). These charges (benefits) are excluded from segment operating results. (5) Content charges represent certain charges included in direct operating expense in the consolidated statements of operations, and excluded from segment operating results (see Note 14 for further information). (6) The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Total share-based compensation expense $ 24.8 $ 22.6 $ 59.8 $ 77.5 Less: Amount included in restructuring and other (i) (1.5) — (2.1) — Adjusted share-based compensation $ 23.3 $ 22.6 $ 57.7 $ 77.5 (i) Represents share-based compensation expense included in restructuring and other expenses reflecting the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements. (7) Purchase accounting and related adjustments primarily represent the amortization of non-cash fair value adjustments to certain assets acquired in recent acquisitions. These adjustments include the accretion of the noncontrolling interest discount related to Pilgrim Media Group and 3 Arts Entertainment, the amortization of the recoupable portion of the purchase price and the expense associated with the earned distributions related to 3 Arts Entertainment, all of which are accounted for as compensation and are included in general and administrative expense. The following sets forth the amounts included in each line item in the financial statements: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Purchase accounting and related adjustments: Direct operating $ — $ — $ 0.7 $ 0.5 General and administrative expense 16.9 15.7 46.0 42.9 Depreciation and amortization 36.5 34.6 104.4 101.4 $ 53.4 $ 50.3 $ 151.1 $ 144.8
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 Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) General and administration Segment general and administrative expenses $ 54.2 $ 53.0 $ 168.7 $ 163.6 Corporate general and administrative expenses 21.3 21.8 69.4 70.5 Share-based compensation expense included in general and administrative expense 22.6 22.0 55.9 76.1 Purchase accounting and related adjustments 16.9 15.7 46.0 42.9 $ 115.0 $ 112.5 $ 340.0 $ 353.1
Reconciliation of Assets from Segment to Consolidated	The reconciliation of total segment assets to the Company’s total consolidated assets is as follows: December 31, March 31, (Amounts in millions) Assets Motion Picture $ 1,740.4 $ 1,622.6 Television Production 1,900.7 1,978.9 Media Networks 3,168.8 4,706.7 Other unallocated assets (1) 782.6 683.0 $ 7,592.5 $ 8,991.2 _____________________ (1) Other unallocated assets primarily consist of cash, other assets and investments.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments Outstanding	As of December 31, 2022, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 33 months from December 31, 2022): December 31, 2022 Foreign Currency Foreign Currency Amount US Dollar Amount Weighted Average Exchange Rate Per $1 USD (Amounts in millions) (Amounts in millions) British Pound Sterling 24.0 GBP in exchange for $27.0 0.89 GBP Czech Koruna 461.6 CZK in exchange for $18.6 24.78 CZK Euro 14.4 EUR in exchange for $10.0 1.45 EUR Canadian Dollar 27.3 CAD in exchange for $19.6 1.39 CAD Polish Zloty 8.0 PLN in exchange for $1.8 4.49 PLN Terminated Swaps: Designated Cash Flow Hedges at March 31, 2022: Effective Date Notional Amount Fixed Rate Paid Maturity Date (1) (in millions) May 19, 2020 $700.0 1.923% March 23, 2030 (2) May 19, 2020 $350.0 2.531% March 23, 2027 (2) June 15, 2020 $150.0 2.343% March 23, 2027 (2) August 14, 2020 $200.0 1.840% March 23, 2030 (2) Total $1,400.0 __________________ (1) Subject to a mandatory early termination date of March 23, 2025. (2) These pay-fixed interest rate swaps were considered hybrid instruments with a financing component (debt host) and an embedded at-market derivative that was designated as a cash flow hedge. Not Designated Cash Flow Hedges at March 31, 2022: Effective Date Notional Amount Fixed Rate Received Maturity Date (in millions) May 19, 2020 $700.0 2.915% March 24, 2025 August 14, 2020 $200.0 2.723% March 23, 2025 May 19, 2020 $300.0 2.885% March 23, 2025 May 19, 2020 $50.0 2.744% March 23, 2025 June 15, 2020 $100.0 2.808% March 23, 2025 June 15, 2020 $50.0 2.728% March 23, 2025 Total $1,400.0 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 Swaps (see Designated Cash Flow Hedges table below) at the re-designation date will be amortized as a reduction of interest expense throughout the remaining term of the Re-designated Swaps, unless it becomes probable that the cash flows originally hedged will not occur, in which case the proportionate amount of the loss will be recorded to interest expense at that time. The receipt of approximately $56.4 million was classified in the unaudited condensed consolidated 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). Designated Cash Flow Hedges. As of December 31, 2022, the Company had the following pay-fixed interest rate swaps which have been designated as cash flow hedges outstanding (all related to the Company's LIBOR-based debt, see Note 6 and Note 7): 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 __________________
Schedule of Derivative Instruments, Statements of Financial Performance And Comprehensive Income (Loss), Location And Effect	The following table presents the pre-tax effect of the Company's derivatives on the accompanying unaudited condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts Gain recognized in accumulated other comprehensive income (loss) $ 2.7 $ 1.0 $ 4.4 $ 1.2 Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense $ (0.6) $ 1.0 $ (0.7) $ 0.6 Interest rate swaps Gain (loss) recognized in accumulated other comprehensive income (loss) $ 6.5 $ 8.3 $ 87.8 $ (21.4) Gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense $ 3.6 $ (4.2) $ (5.7) $ (11.5) Derivatives not designated as cash flow hedges: Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) into interest expense $ (2.1) $ (8.5) $ (9.9) $ (25.5) Total direct operating expense on consolidated statements of operations $ 584.7 $ 517.9 $ 1,744.7 $ 1,487.2 Total interest expense on consolidated statements of operations $ 59.6 $ 44.4 $ 163.0 $ 130.0
Derivative Instruments by Balance Sheet Location	As of December 31, 2022 and March 31, 2022, the Company had the following amounts recorded in the accompanying unaudited condensed consolidated balance sheets related to the Company's use of derivatives: December 31, 2022 Other Current Assets Other Non-Current Assets Accounts Payable and Accrued Liabilities Other Non-Current Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ 13.2 $ — $ 4.3 $ — Interest rate swaps — 54.8 — — Fair value of derivatives $ 13.2 $ 54.8 $ 4.3 $ — March 31, 2022 Other Current Assets Other Non-Current Assets Accounts Payable and Accrued Liabilities Other Non-Current Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ 3.5 $ — $ 2.8 $ — Interest rate swaps — 109.1 — (39.4) Derivatives not designated as cash flow hedges: Interest rate swaps (1) — (77.1) — 56.8 Fair value of derivatives $ 3.5 32.0 $ 2.8 17.4 ________________ (1) Includes $88.1 million and $46.0 million included in other non-current assets and other non-current liabilities, respectively, representing the financing element (debt host) of certain hybrid instruments, which was offset by the pay-variable receive-fixed interest rate swaps outstanding at March 31, 2022.

Additional Financial Informat_2

Additional Financial Information (Tables)	9 Months Ended
	Dec. 31, 2022
Additional Financial Information [Abstract]
Schedule 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 sheet to the total amounts reported in the unaudited condensed consolidated statement of cash flows at December 31, 2022 and March 31, 2022. At December 31, 2022 and March 31, 2022, 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. December 31, March 31, (Amounts in millions) Cash and cash equivalents $ 425.4 $ 371.2 Restricted cash included in other current assets 30.4 13.4 Restricted cash included in other non-current assets 15.2 — Total cash, cash equivalents and restricted cash $ 471.0 $ 384.6
Schedule of Other Assets	The composition of the Company’s other assets is as follows as of December 31, 2022 and March 31, 2022: December 31, March 31, (Amounts in millions) Other current assets Prepaid expenses and other $ 58.5 $ 62.5 Restricted cash 30.4 13.4 Contract assets 57.7 40.5 Tax credits receivable 146.7 128.3 $ 293.3 $ 244.7 Other non-current assets Prepaid expenses and other $ 8.2 $ 10.5 Restricted cash 15.2 — Accounts receivable 25.1 39.0 Contract assets 5.3 9.3 Tax credits receivable 335.8 316.1 Operating lease right-of-use assets 167.5 170.7 Interest rate swap assets 54.8 32.0 $ 611.9 $ 577.6
Summary of Receivables Transferred	The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Carrying value of receivables transferred and derecognized $ 404.5 $ 336.2 $ 1,075.3 $ 1,083.9 Net cash proceeds received 394.5 334.2 1,056.5 1,077.6 Loss recorded related to transfers of receivables 10.0 2.1 18.8 6.2 The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the three and nine months ended December 31, 2022 and 2021: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 (Amounts in millions) Gross cash proceeds received for receivables transferred and derecognized $ 57.3 $ 20.4 $ 156.0 $ 111.8 Less amounts from collections reinvested under revolving agreement (33.3) (12.1) (83.3) (76.0) Proceeds from new transfers 24.0 8.3 72.7 35.8 Collections not reinvested and remitted or to be remitted (24.2) (10.8) (48.0) (44.4) Net cash proceeds received (paid or to be paid) (1) $ (0.2) $ (2.5) $ 24.7 $ (8.6) Carrying value of receivables transferred and derecognized (2) $ 57.0 $ 20.3 $ 154.2 $ 110.9 Obligations recorded $ 1.0 $ — $ 4.4 $ 0.9 Loss recorded related to transfers of receivables $ 0.7 $ (0.1) $ 2.6 $ — ___________________ (1) In addition, during the three and nine months ended December 31, 2022, the Company repurchased $6.5 million and $27.4 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 (three and nine months ended December 31, 2021 - the Company repurchased $25.5 million of receivables previously transferred). (2) Receivables net of unamortized discounts on long-term, non-interest bearing receivables.
Schedule of Accumulated Other Comprehensive Loss	The following table summarizes the changes in the components of accumulated other comprehensive income (loss), net of tax: Foreign currency translation adjustments Net unrealized gain (loss) on cash flow hedges Total (Amounts in millions) March 31, 2022 $ (19.7) $ 49.0 $ 29.3 Other comprehensive income (loss) (3.4) 92.2 88.8 Reclassifications to net loss (1) — 16.3 16.3 December 31, 2022 $ (23.1) $ 157.5 $ 134.4 March 31, 2021 $ (15.1) $ (68.2) $ (83.3) Other comprehensive loss (1.2) (20.2) (21.4) Reclassifications to net loss (1) — 36.4 36.4 December 31, 2021 $ (16.3) $ (52.0) $ (68.3) ___________________ (1) Represents a loss of $0.7 million included in direct operating expense and a loss of $15.6 million included in interest expense on the unaudited condensed consolidated statement of operations in the nine months ended December 31, 2022 (nine months ended December 31, 2021 - gain of $0.6 million included in direct operating expense and loss of $37.0 million included in interest expense) (see Note 17).
Supplemental Schedule of Non-Cash Investing Activities	The supplemental schedule of non-cash investing activities is presented below: Nine Months Ended December 31, 2022 2021 (Amounts in millions) Non-cash investing activities: Accrued equity-method investment $ — $ 19.0

General (Narrative) (Details)

General (Narrative) (Details) title in Thousands	Dec. 31, 2022 title
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of titles in library	17

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - Spyglass Library $ in Millions	Jul. 15, 2021 USD ($) title	Jul. 31, 2023 USD ($)	Jul. 31, 2022 USD ($)
Asset Acquisition [Line Items]
Number of titles acquired | title	200
Spyglass
Asset Acquisition [Line Items]
Purchase price of asset acquisition and preferred equity interest	$ 191.4
Cash paid at closing for assets acquisition and preferred equity interest	$ 171.4
Asset acquisition and preferred equity interest, deferred purchase consideration paid or payable			$ 10
Spyglass | Forecast
Asset Acquisition [Line Items]
Asset acquisition and preferred equity interest, deferred purchase consideration paid or payable		$ 10

Investment In Films and Telev_3

Investment In Films and Television Programs and Licensed Program Rights (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Dec. 31, 2022	Mar. 31, 2022
Segment Reporting Information [Line Items]
Acquired film and television libraries, unamortized costs	$ 138.4	$ 149.9
Acquired libraries, remaining amortization period	18 years 4 months 24 days

Investment In Films and Telev_4

Investment In Films and Television Programs and Licensed Program Rights (Investment in Films and Television Programs and Licensed Program Rights) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022
Individual Monetization
Released, net of accumulated amortization	$ 540.8	$ 557.5
Completed and not released	151.5	121.4
In progress	722.7	574.9
In development	73.5	102.7
Total	1,488.5	1,356.5
Film Group Monetization
Released, net of accumulated amortization	557.8	469.5
Completed and not released	401.4	253.2
In progress	193.6	427.6
In development	10.1	11.4
Total	1,162.9	1,161.7
Licensed program rights, net of accumulated amortization	352.7	495.4
Investment in films and television programs and licensed program rights, net	$ 3,004.1	$ 3,013.6

Investment In Films and Telev_5

Investment In Films and Television Programs and Licensed Program Rights (Amortization Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Investment In Films And Television Programs and Program Rights [Abstract]
Individual monetization	$ 207.9	$ 205.2	$ 711.1	$ 624.7
Film group monetization	82.8	98.6	227.7	219.3
Licensed program rights	94.4	84.8	345.6	274.7
Total amortization of films and television programs and licensed program rights	$ 385.1	$ 388.6	$ 1,284.4	$ 1,118.7

Investment In Films and Telev_6

Investment In Films and Television Programs and Licensed Program Rights (Impairments) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs and licensed program rights	$ 81.4	$ 2.6	$ 299.6	$ 29.3
Restructuring and other	$ 75.3	$ 0.5	$ 316.5	$ 7.2
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	Total direct operating expense on consolidated statements of operations, Restructuring and other	Total direct operating expense on consolidated statements of operations, Restructuring and other
Content and other impairments
Segment Reporting Information [Line Items]
Restructuring and other	$ 80.8	$ 0	$ 299.7	$ 0
Not included in segment operating results
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs and licensed program rights	80.8	0	293.8	0
Motion Picture | Reportable Segments
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs and licensed program rights	0.6	1.1	1.1	1.2
Television Production | Reportable Segments
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs and licensed program rights	0	$ 1.5	4.7	$ 28.1
Media Networks | Content and other impairments
Segment Reporting Information [Line Items]
Restructuring and other	$ 80.8		$ 293.8

Investments (Investments by Cat

Investments (Investments by Category) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022
Equity Method Investments, and Investments in Debt and Equity Securities [Abstract]
Investments in equity method investees	$ 63.4	$ 53.9
Other investments	1.6	2.1
Investments	$ 65	$ 56

Investments (Equity Method Inve

Investments (Equity Method Investments Narrative) (Details) - USD ($) $ in Millions	Oct. 17, 2022	Dec. 31, 2022
STARZPLAY Arabia
Schedule of Equity Method Investments [Line Items]
Net proceeds from sale of portion of ownership interest	$ 43.4
Equity method investment, gain on sale of a portion of ownership interest	$ 43.4
Minimum
Schedule of Equity Method Investments [Line Items]
Equity method investments, ownership percentage		6%
Maximum
Schedule of Equity Method Investments [Line Items]
Equity method investments, ownership percentage		49%

Investments (Summarized Balance

Investments (Summarized Balance Sheet) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022
Schedule of Equity Method Investments [Line Items]
Current assets	$ 1,198.5	$ 1,058.1
Current liabilities	2,578.6	2,403.1
Equity Method Investees
Schedule of Equity Method Investments [Line Items]
Current assets	197.6	125.3
Non-current assets	160.3	166.4
Current liabilities	188.4	253.9
Non-current liabilities	$ 61.9	$ 59.8

Investments (Summarized Stateme

Investments (Summarized Statements of Operations) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Net loss	$ 15.2	$ (48.9)	$ (1,920.8)	$ (97.4)
Equity Method Investees
Schedule of Equity Method Investments [Line Items]
Revenues	57.5	14.7	135.4	51.9
Gross profit	9	5.5	29.9	14.3
Net loss	$ (12.7)	$ (16.8)	$ (24.6)	$ (36.7)

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill, balance at beginning of period			$ 2,764.5
Goodwill impairment	$ 0	$ 0	(1,475)	$ 0
Goodwill, balance at end of period	1,289.5		1,289.5
Motion Picture
Goodwill [Roll Forward]
Goodwill, balance at beginning of period			393.7
Goodwill impairment			0
Goodwill, balance at end of period	393.7		393.7
Television Production
Goodwill [Roll Forward]
Goodwill, balance at beginning of period			401.9
Goodwill impairment			0
Goodwill, balance at end of period	401.9		401.9
Media Networks
Goodwill [Roll Forward]
Goodwill, balance at beginning of period			1,968.9
Goodwill impairment			(1,475)
Goodwill, balance at end of period	$ 493.9		$ 493.9

Goodwill (Narrative) (Details)

Goodwill (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Goodwill impairment	$ 0		$ 0	$ 1,475	$ 0
Media Networks
Goodwill [Line Items]
Goodwill impairment				1,475
Media Networks | Media Networks
Goodwill [Line Items]
Goodwill impairment		$ 1,475		$ 1,475

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022	Apr. 01, 2021
Debt Instrument [Line Items]
Total corporate debt	$ 2,126.2	$ 2,482.7
Unamortized debt issuance costs	(44.4)	(57.8)
Total debt, net	2,081.8	2,424.9
Less current portion	(39.2)	(222.8)
Non-current portion of debt	2,042.6	2,202.1
Revolving Credit Facility
Debt Instrument [Line Items]
Total corporate debt	0	0
Term Loans | Term Loan A
Debt Instrument [Line Items]
Total corporate debt	433.8	638.5
Term Loans | Term Loan B
Debt Instrument [Line Items]
Total corporate debt	834.8	844.2
Senior Notes | 5.500% Senior Notes
Debt Instrument [Line Items]
Total corporate debt	$ 857.6	$ 1,000
Coupon rate	5.50%		5.50%

Debt (Narrative - Transactions)

Debt (Narrative - Transactions) (Details) - USD ($) $ in Millions		1 Months Ended
	Apr. 01, 2021	Apr. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Nov. 02, 2021	Apr. 06, 2021
Revolving Credit Facility
Debt Instrument [Line Items]
Principal amount of debt instrument amended						$ 1,250
Revolving credit facility, maximum borrowing capacity			$ 1,250
5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Coupon rate	5.50%		5.50%
Debt instrument, principal amount repurchased			$ 142.4
Debt instrument, amount paid for repurchases			96.2
Principal amount issued	$ 1,000
5.875% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Coupon rate	5.875%
Principal amount of debt redeemed	$ 518.7
Debt instrument, redemption premium	$ 15.2
6.375% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Coupon rate	6.375%
Principal amount of debt redeemed	$ 545.6
Debt instrument, redemption premium	$ 17.4
Term Loan A | Term Loans
Debt Instrument [Line Items]
Principal amount of debt redeemed		$ 193.6
Principal amount of debt instrument amended						$ 444.9
Term Loan B | Term Loans
Debt Instrument [Line Items]
Debt instrument, principal amount repurchased				$ 96
Debt instrument, amount paid for repurchases				95.3
Term Loan B | Term Loans
Debt Instrument [Line Items]
Debt instrument, principal amount repurchased				$ 0
2023 Revolving Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Amount of revolving credit facility commitments terminated					$ 250
2026 Revolving Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity					$ 1,250
5.500% Senior Notes One | Senior Notes
Debt Instrument [Line Items]
Debt instrument, principal amount repurchased			123.7
Debt instrument, amount paid for repurchases			$ 81.6

Debt (Narrative - Senior Credit

Debt (Narrative - Senior Credit Facilities) (Details) $ in Millions	9 Months Ended
	Dec. 31, 2022 USD ($) increase
Revolving Credit Facility
Line of Credit Facility [Abstract]
Revolving credit facility, maximum borrowing capacity	$ 1,250
Revolving credit facility, available amount	$ 1,250
Number of possible increases in margin | increase	2
Effective interest rate	6.14%
Change in control, trigger percentage	50%
Letter of Credit
Line of Credit Facility [Abstract]
Letters of credit outstanding, amount	$ 0
Minimum | Revolving Credit Facility
Line of Credit Facility [Abstract]
Revolving credit facility, commitment fee annual percentage	0.25%
Maximum | Revolving Credit Facility
Line of Credit Facility [Abstract]
Revolving credit facility, commitment fee annual percentage	0.375%
Base Rate | Revolving Credit Facility
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	0.75%
LIBOR | Revolving Credit Facility
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	1.75%
Potential increases in interest rate upon certain increases to leverage ratios, total	0.50%
Potential increase in interest rate upon certain increases to leverage ratios, per increase	0.25%
LIBOR | Minimum | Revolving Credit Facility
Line of Credit Facility [Abstract]
Coupon rate	0%
Term Loan A | Term Loans
Line of Credit Facility [Abstract]
Quarterly principal payment percent	1.25%
Quarterly principal payment percent, year two	1.75%
Quarterly principal payment percent, year three	2.50%
Quarterly principal payment percent, year four	2.50%
Term Loan B | Term Loans
Line of Credit Facility [Abstract]
Effective interest rate	6.64%
Quarterly principal payment percent	0.25%
Term Loan B | Base Rate | Term Loans
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	1.25%
Term Loan B | LIBOR | Term Loans
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	2.25%
Term Loan B | LIBOR | Minimum | Term Loans
Line of Credit Facility [Abstract]
Coupon rate	0%

Debt (Narrative - Senior Notes)

Debt (Narrative - Senior Notes) (Details) - USD ($) $ in Millions	9 Months Ended
	Dec. 31, 2022	Apr. 01, 2021
Senior Credit Facilities And Senior Notes
Debt Instrument [Line Items]
Net loss, amount free of restrictions	$ 1,920.8
Accumulated deficit, amount free of restrictions	$ 2,317.9
5.500% Senior Notes
Debt Instrument [Line Items]
Basis spread on treasury rate	0.50%
5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Coupon rate	5.50%	5.50%
Debt instrument redemption premium percentage, as a percentage of principal amount prepaid or redeemed	1%
Debt instrument, redemption period one | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	100%
Debt instrument, redemption price, percentage of principal amount that may be redeemed, certain equity offerings	40%
Debt instrument, redemption price, certain equity offerings, percentage	105.50%
Debt instrument, redemption, period two | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	102.75%
Debt instrument, redemption, period three | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	101.375%
Debt instrument, redemption, period four | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	100%
Change in Control | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	101%
Certain Asset Disposition | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	100%

Debt (Gain (Loss) on Extinguish

Debt (Gain (Loss) on Extinguishment of Debt) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Extinguishment of Debt [Line Items]
(Gain) loss on extinguishment of debt	$ (38.2)	$ 1.1	$ (40.3)	$ 28.2
Term Loan A
Extinguishment of Debt [Line Items]
(Gain) loss on extinguishment of debt	0	0	(1.3)	0
Senior Notes
Extinguishment of Debt [Line Items]
(Gain) loss on extinguishment of debt	38.2	0	41.6	(24.7)
Revolving Credit Facility and Term Loan A
Extinguishment of Debt [Line Items]
(Gain) loss on extinguishment of debt	0	0	0	(1.7)
Term Loan B and Other
Extinguishment of Debt [Line Items]
(Gain) loss on extinguishment of debt	0	0	0	(0.7)
Revolving Credit Facility
Extinguishment of Debt [Line Items]
(Gain) loss on extinguishment of debt	$ 0	$ (1.1)	$ 0	$ (1.1)

Film Related and Other Obliga_3

Film Related and Other Obligations (Components) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022
Film Related And Other Obligations [Abstract]
Program rights and film obligations	$ 260.9	$ 278.4
Production Loans	1,435.7	966.3
Production Tax Credit Facility	231.2	224
Programming Notes	54.2	96.4
Backlog Facility and Other	233.6	0
IP Credit Facility	152.3	123.5
Total film related obligations	2,107	1,410.2
Unamortized debt issuance costs	(11.8)	(8.5)
Total film related obligations, net	2,095.2	1,401.7
Less current portion	(1,261.2)	(951.1)
Total non-current film related and other obligations	$ 1,094.9	$ 729

Film Related and Other Obliga_4

Film Related and Other Obligations (Narrative) (Details) - USD ($) $ in Millions			3 Months Ended	9 Months Ended
	Dec. 31, 2022	Oct. 03, 2022	Sep. 30, 2022	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022
Production Loans	$ 1,435.7			$ 1,435.7		$ 966.3
Secured Debt
Production Loans	1,344.5			1,344.5
Unsecured Debt
Production Loans	$ 91.2			$ 91.2
Production Loans
Production loans or programming notes, weighted average interest rate	6.43%			6.43%
Programming Notes
Production loans or programming notes, weighted average interest rate	7.93%			7.93%
Production Tax Credit Facility | Revolving Credit Facility
Credit facility, maximum principal amount	$ 235			$ 235
Credit facility, available amount	$ 0			$ 0
Production Tax Credit Facility | Revolving Credit Facility | Base Rate
Basis spread on variable interest rate (as a percent)				0.50%
Production Tax Credit Facility | Revolving Credit Facility | SOFR
Effective interest rate	5.96%			5.96%
Production Tax Credit Facility | Revolving Credit Facility | SOFR | Minimum
Basis spread on variable interest rate (as a percent)				0.10%
Production Tax Credit Facility | Revolving Credit Facility | SOFR | Maximum
Basis spread on variable interest rate (as a percent)				0.25%
Production Tax Credit Facility | Revolving Credit Facility | Applicable Margin
Basis spread on variable interest rate (as a percent)				1.50%
Backlog Facility | Revolving Credit Facility
Debt Instrument, Term				2 years 90 days
Backlog Facility | Revolving Credit Facility | SOFR | Minimum
Basis spread on variable interest rate (as a percent)				0.10%
Backlog Facility | Revolving Credit Facility | SOFR | Maximum
Basis spread on variable interest rate (as a percent)				0.25%
Backlog Facility | Revolving Credit Facility | Applicable Margin | Minimum
Basis spread on variable interest rate (as a percent)				1.25%
Backlog Facility | Revolving Credit Facility | Applicable Margin | Maximum
Basis spread on variable interest rate (as a percent)				1.50%
Backlog Facility | Secured Debt
Credit facility, maximum principal amount	$ 175			$ 175
Credit Facility, outstanding amount	175			175		$ 0
Credit facility, available amount	$ 0			$ 0
Backlog Facility | Secured Debt | SOFR
Effective interest rate	5.61%			5.61%
Backlog Facility | Secured Debt | Applicable Margin
Basis spread on variable interest rate (as a percent)				1.15%
IP Credit Facility | Secured Debt
Credit facility, maximum principal amount	$ 161.9			$ 161.9
IP Credit Facility | Secured Debt | Base Rate
Basis spread on variable interest rate (as a percent)				1.25%
IP Credit Facility | Secured Debt | SOFR
Effective interest rate	7.02%			7.02%
IP Credit Facility | Secured Debt | SOFR | Minimum
Basis spread on variable interest rate (as a percent)				0.11%
Floor on SOFR (as a percent)	0.25%			0.25%
IP Credit Facility | Secured Debt | SOFR | Maximum
Basis spread on variable interest rate (as a percent)				0.26%
IP Credit Facility | Secured Debt | Applicable Margin
Basis spread on variable interest rate (as a percent)				2.25%
Distribution Loan Agreement | Loans Payable
Loan amount	$ 58.6			$ 58.6
Distribution Agreement Loan One | Loans Payable
Loan amount					$ 118.6
Repayments of secured debt		$ 100	$ 18.6
Distribution Agreement Loan Two | Loans Payable
Loan amount			$ 43.4
Distribution Agreement Loan Two | SOFR | Loans Payable
Basis spread on variable interest rate (as a percent)				0.11%
Effective interest rate	5.97%
Distribution Agreement Loan Two | Applicable Margin | Loans Payable
Basis spread on variable interest rate (as a percent)				1.50%
Distribution Agreement Loan Three | Loans Payable
Credit facility, maximum principal amount	$ 18.7			$ 18.7
Loan amount	$ 16.2			$ 16.2
Distribution Agreement Loan Three | SOFR | Loans Payable
Basis spread on variable interest rate (as a percent)				0.11%
Effective interest rate	6.57%
Distribution Agreement Loan Three | Applicable Margin | Loans Payable
Basis spread on variable interest rate (as a percent)				2.10%

Film Related and Other Obliga_5

Film Related and Other Obligations - Cumulative Minimum Guaranteed Payments of IP Credit Facility (Details) - Secured Debt - IP Credit Facility $ in Millions	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
November 14, 2023	$ 30.4
November 14, 2024	60.7
November 14, 2025	91.1
November 14, 2026	121.4
July 30, 2027	$ 161.9

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Required to be Carried at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022
Assets:
Interest rate swaps	$ 54.8	$ 32
Other Non-Current Assets
Assets:
Interest rate swaps	54.8	32
Other Non-Current Assets | Interest rate swaps, financing element
Liabilities:
Financing element of certain hybrid instruments	0	88.1
Fair Value, Measurements, Recurring
Assets:
Equity securities with a readily determinable fair value	0	0.5
Forward exchange contracts	13.2	3.5
Interest rate swaps	54.8	120.1
Liabilities:
Forward exchange contracts	(4.3)	(2.8)
Interest rate swaps	0	28.6
Fair Value, Measurements, Recurring | Level 1
Assets:
Equity securities with a readily determinable fair value	0	0.5
Forward exchange contracts	0	0
Interest rate swaps	0	0
Liabilities:
Forward exchange contracts	0	0
Interest rate swaps	0	0
Fair Value, Measurements, Recurring | Level 2
Assets:
Equity securities with a readily determinable fair value	0	0
Forward exchange contracts	13.2	3.5
Interest rate swaps	54.8	120.1
Liabilities:
Forward exchange contracts	(4.3)	(2.8)
Interest rate swaps	$ 0	$ 28.6

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Values And Fair Values Of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022	Apr. 01, 2021
Other Non-Current Assets | Interest rate swaps, financing element
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]
Financing element of certain hybrid instruments	$ 0	$ 88.1
Senior Notes | 5.500% Senior Notes
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]
Coupon rate	5.50%		5.50%
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]
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure	$ 0	134
Carrying Value | Term Loans | 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]
Loans, fair value disclosure	429.5	631.9
Carrying Value | Term Loans | 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]
Loans, fair value disclosure	829.8	837.5
Carrying Value | Senior Notes | 5.500% Senior Notes
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]
Senior Notes, fair value disclosure	831	965.8
Carrying Value | Production Loans | 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]
Loans, fair value disclosure	1,431.7	963.7
Carrying Value | Secured Debt | 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]
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure	231.2	0
Carrying Value | Secured Debt | 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]
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure	149.1	120.6
Carrying Value | Programming Notes | Programming Notes
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]
Senior Notes, fair value disclosure	54.2	96.4
Carrying Value | Line of Credit | 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]
Production Tax Credit Facility, fair value disclosure	228.8	221.1
Fair Value | Fair Value (Level 2)
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	0	122.9
Fair Value | Fair Value (Level 2) | Term Loans | 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]
Loans, fair value disclosure	412.1	625.7
Fair Value | Fair Value (Level 2) | Term Loans | 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]
Loans, fair value disclosure	794.1	828.3
Fair Value | Fair Value (Level 2) | Senior Notes | 5.500% Senior Notes
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]
Senior Notes, fair value disclosure	500.3	962.5
Fair Value | Fair Value (Level 2) | Production Loans | 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]
Loans, fair value disclosure	1,435.7	966.3
Fair Value | Fair Value (Level 2) | Secured Debt | 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]
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure	233.6	0
Fair Value | Fair Value (Level 2) | Secured Debt | 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]
Backlog Facility and Other, IP Credit Facility and Financing component of interest rate swaps, fair value disclosure	152.3	123.5
Fair Value | Fair Value (Level 2) | Programming Notes | Programming Notes
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]
Senior Notes, fair value disclosure	54.2	96.4
Fair Value | Fair Value (Level 2) | Line of Credit | 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]
Production Tax Credit Facility, fair value disclosure	$ 231.2	$ 224

Noncontrolling Interests (Narra

Noncontrolling Interests (Narrative) (Details)			9 Months Ended
	Nov. 12, 2024	Nov. 12, 2022	Dec. 31, 2022	Nov. 14, 2022
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling Interest, Call Period		30 days
Forecast
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling Interest, Call Period	30 days
3 Arts Entertainment
Redeemable Noncontrolling Interest [Line Items]
Put rights exercise period			60 days
Period after expiration of put rights that call rights begin			30 days
Call rights exercise period			60 days
Pilgrim Media Group
Redeemable Noncontrolling Interest [Line Items]
Portion of noncontrolling interest redeemable after first term			25%	25%

Noncontrolling Interests (Chang

Noncontrolling Interests (Changes In Redeemable Noncontrolling Interest) (Details) - USD ($) $ in Millions	9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	$ 321.2	$ 219.1
Net loss attributable to redeemable noncontrolling interests	(7.4)	(14.4)
Noncontrolling interests discount accretion	13.4	17.7
Adjustments to redemption value	34.7	33.8
Cash distributions	(4.8)	(1.2)
Ending balance	$ 357.1	$ 255

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 1,000.1	$ 885.4	$ 2,769.1	$ 2,674.4
Operating segments | Motion Picture
Disaggregation of Revenue [Line Items]
Revenues	288.8	275.3	791.6	897.3
Operating segments | Motion Picture | Theatrical
Disaggregation of Revenue [Line Items]
Revenues	11.7	5.7	28.6	50
Operating segments | Motion Picture | Digital Media
Disaggregation of Revenue [Line Items]
Revenues	147.4	113.6	378.5	355.6
Operating segments | Motion Picture | Packaged Media
Disaggregation of Revenue [Line Items]
Revenues	19.3	31.3	55.3	96.4
Operating segments | Motion Picture | Home Entertainment
Disaggregation of Revenue [Line Items]
Revenues	166.7	144.9	433.8	452
Operating segments | Motion Picture | Television
Disaggregation of Revenue [Line Items]
Revenues	47	68.1	147	209.7
Operating segments | Motion Picture | International
Disaggregation of Revenue [Line Items]
Revenues	55.3	52.4	166.5	174.5
Operating segments | Motion Picture | Other
Disaggregation of Revenue [Line Items]
Revenues	8.1	4.2	15.7	11.1
Operating segments | Television Production
Disaggregation of Revenue [Line Items]
Revenues	605.4	438.6	1,468.6	1,160.8
Operating segments | Television Production | Television
Disaggregation of Revenue [Line Items]
Revenues	377.5	340.4	973.1	840.7
Operating segments | Television Production | Digital Media
Disaggregation of Revenue [Line Items]
Revenues	131.2	12.8	205.1	70.6
Operating segments | Television Production | Packaged Media
Disaggregation of Revenue [Line Items]
Revenues	1.3	1.7	2.7	5.1
Operating segments | Television Production | Home Entertainment
Disaggregation of Revenue [Line Items]
Revenues	132.5	14.5	207.8	75.7
Operating segments | Television Production | International
Disaggregation of Revenue [Line Items]
Revenues	65.7	55.8	219.4	180.2
Operating segments | Television Production | Other
Disaggregation of Revenue [Line Items]
Revenues	29.7	27.9	68.3	64.2
Operating segments | Media Networks
Disaggregation of Revenue [Line Items]
Revenues	380.3	388.9	1,157.5	1,155.9
Operating segments | Media Networks | Programming
Disaggregation of Revenue [Line Items]
Revenues	380.3	388.9	1,157.5	1,155.9
Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(274.4)	(217.4)	(648.6)	(539.6)
Intersegment Eliminations | Motion Picture
Disaggregation of Revenue [Line Items]
Revenues	(16.2)	(28.2)	(30)	(35.4)
Intersegment Eliminations | Television Production
Disaggregation of Revenue [Line Items]
Revenues	(258.2)	(189.2)	(618.6)	(504.2)
Intersegment Eliminations | Media Networks
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Domestic | Operating segments | Media Networks | Programming
Disaggregation of Revenue [Line Items]
Revenues	341.7	362.5	1,048.7	1,079.2
International | Operating segments | Media Networks | Programming
Disaggregation of Revenue [Line Items]
Revenues	$ 38.6	$ 26.4	$ 108.8	$ 76.7

Revenue (Remaining Performance

Revenue (Remaining Performance Obligations - Timing) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligations	$ 1,962.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligations	$ 502.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations, performance period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligations	$ 744.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations, performance period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligations	$ 451.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations, performance period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligations	$ 263.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations, performance period

Revenue (Provision for Doubtful

Revenue (Provision for Doubtful Accounts) (Details) $ in Millions	9 Months Ended
	Dec. 31, 2022 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 11.5
(Benefit) provision for doubtful accounts	(1)
Uncollectible accounts written-off	(0.4)
Ending Balance	$ 10.1

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Dec. 31, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue recognized in period from performance obligations satisfied in previous period	$ 34.4	$ 116.6
Revenues recognized	$ 11.4	$ 141.8

Net Income (Loss) Per Share (Ba

Net Income (Loss) Per Share (Basic) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$ 16.6	$ (45.6)	$ (1,913.5)	$ (83.5)
Denominator:
Weighted average common shares outstanding, basic (in shares)	228.8	225	227.4	223.7
Basic net income (loss) per common share (in usd per share)	$ 0.07	$ (0.20)	$ (8.41)	$ (0.37)

Net Income (Loss) Per Share (Di

Net Income (Loss) Per Share (Diluted) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$ 16.6	$ (45.6)	$ (1,913.5)	$ (83.5)
Denominator:
Weighted average common shares outstanding, basic (in shares)	228.8	225	227.4	223.7
Effect of dilutive securities:
Share purchase options	0	0	0	0
Restricted share units and restricted stock (in shares)	1.3	0	0	0
Diluted (in shares)	230.1	225	227.4	223.7
Diluted net income (loss) per common share (in usd per share)	$ 0.07	$ (0.20)	$ (8.41)	$ (0.37)

Net Income (Loss) Per Share (An

Net Income (Loss) Per Share (Anti-Dilutive Shares Issuable) (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares excluded from calculation of diluted earnings per share due to net loss (in shares)		4.5	2.5	5.3
Anti-dilutive shares issuable (in shares)	35.1	18.3	28.5	18.7
Share purchase options
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares issuable (in shares)	25.2	16	22.8	16
Restricted Share Units (RSUs)
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares issuable (in shares)	5.6	0	2.5	0.6
Other issuable shares
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares issuable (in shares)	4.3	2.3	3.2	2.1

Capital Stock (Narrative) (Deta

Capital Stock (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended	9 Months Ended	187 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2022	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchases of common shares, value	$ 0	$ 0	$ 288.1
Share repurchase program, remaining authorized repurchase amount	$ 179.9	$ 179.9	$ 179.9
Class A Voting Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized common shares (in shares)	500	500	500	500
Class B Non-Voting Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized common shares (in shares)	500	500	500	500

Capital Stock (Common Shares Re

Capital Stock (Common Shares Reserved for Future Issuance) (Details) - shares shares in Millions	Dec. 31, 2022	Mar. 31, 2022
Common Shares Reserved For Future Issuance [Line Items]
Shares reserved for future issuance (in shares)	50.5	53.9
Stock Options and SARs
Common Shares Reserved For Future Issuance [Line Items]
Shares reserved for future issuance (in shares)	24.9	27.6
Restricted Stock and Restricted Share Units - Unvested
Common Shares Reserved For Future Issuance [Line Items]
Shares reserved for future issuance (in shares)	14.5	7.9
Common shares available for future issuance
Common Shares Reserved For Future Issuance [Line Items]
Shares reserved for future issuance (in shares)	11.1	18.4

Capital Stock (Share-Based Comp

Capital Stock (Share-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	$ 23.3	$ 22.6	$ 57.7	$ 77.5
Impact of accelerated vesting on equity awards	1.5	0	2.1	0
Total share-based compensation expense	24.8	22.6	59.8	77.5
Tax impact	(4.1)	(4.4)	(10.4)	(15.3)
Increase in net loss or reduction in net income	20.7	18.2	49.4	62.2
Stock Options
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	1.5	4.1	5.6	15.6
Restricted Share Units and Other Share-based Compensation
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	20.8	16.4	49.7	56.4
Share Appreciation Rights (SARs)
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	$ 1	$ 2.1	$ 2.4	$ 5.5

Capital Stock (Share-based Co_2

Capital Stock (Share-based Compensation Expense by Category) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	$ 24.8	$ 22.6	$ 59.8	$ 77.5
Direct operating
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	0.5	0.4	1.2	0.9
Distribution and marketing
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	0.2	0.2	0.6	0.5
General and administration
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	22.6	22	55.9	76.1
Restructuring and other
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	$ 1.5	$ 0	$ 2.1	$ 0

Capital Stock (Stock Option, SA

Capital Stock (Stock Option, SARs, Restricted Stock and Restricted Share Unit Activity) (Details) shares in Millions	9 Months Ended
	Dec. 31, 2022 $ / shares shares
Class A Voting Shares | Stock Options and SARs
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at March 31, 2022 (in shares)	5.4
Granted (in shares)	0
Options exercised (in shares)	0
Forfeited or expired (in shares)	(1.1)
Outstanding at December 31, 2022 (in shares)	4.3
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding at March 31, 2022, weighted average exercise price (in usd per share) | $ / shares	$ 24.34
Granted, weighted average exercise price (in usd per share) | $ / shares	0
Options exercised, weighted average exercise price (in usd per share) | $ / shares	7.70
Forfeited or expired, weighted average exercise price (in usd per share) | $ / shares	16.58
Outstanding at December 31, 2022, weighted average exercise price (in usd per share) | $ / shares	$ 26.31
Class A Voting Shares | Restricted Stock and Restricted Share Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at March 31, 2022 (in shares)	0
Granted (in shares)	0
Vested (in shares)	0
Forfeited or expired (in shares)	0
Outstanding at December 31, 2022 (in shares)	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding at March 31, 2022, weighted average grant-date fair value (in usd per share) | $ / shares	$ 11.51
Granted, weighted average grant date fair value (in usd per share) | $ / shares	10.27
Restricted stock or RSUs vested, weighted average grant-date fair value (in usd per share) | $ / shares	11.19
Forfeited or expired, weighted average grant-date fair value (in usd per share) | $ / shares	0
Outstanding at December 31, 2022, weighted average grant-date fair value (in usd per share) | $ / shares	$ 10.95
Class B Non-Voting Shares | Stock Options and SARs
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at March 31, 2022 (in shares)	22.2
Granted (in shares)	0.3
Options exercised (in shares)	(0.4)
Forfeited or expired (in shares)	(1.5)
Outstanding at December 31, 2022 (in shares)	20.6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding at March 31, 2022, weighted average exercise price (in usd per share) | $ / shares	$ 15.36
Granted, weighted average exercise price (in usd per share) | $ / shares	8.97
Options exercised, weighted average exercise price (in usd per share) | $ / shares	10.17
Forfeited or expired, weighted average exercise price (in usd per share) | $ / shares	17.21
Outstanding at December 31, 2022, weighted average exercise price (in usd per share) | $ / shares	$ 15.22
Class B Non-Voting Shares | Restricted Stock and Restricted Share Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at March 31, 2022 (in shares)	7.9
Granted (in shares)	11.9
Vested (in shares)	(5)
Forfeited or expired (in shares)	(0.3)
Outstanding at December 31, 2022 (in shares)	14.5
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding at March 31, 2022, weighted average grant-date fair value (in usd per share) | $ / shares	$ 11.87
Granted, weighted average grant date fair value (in usd per share) | $ / shares	9.02
Restricted stock or RSUs vested, weighted average grant-date fair value (in usd per share) | $ / shares	11.99
Forfeited or expired, weighted average grant-date fair value (in usd per share) | $ / shares	10.59
Outstanding at December 31, 2022, weighted average grant-date fair value (in usd per share) | $ / shares	$ 9.49
Maximum | Class A Voting Shares | Stock Options and SARs
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options exercised (in shares)	(0.1)
Forfeited or expired (in shares)	(0.1)
Maximum | Class A Voting Shares | Restricted Stock and Restricted Share Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at March 31, 2022 (in shares)	0.1
Outstanding at December 31, 2022 (in shares)	0.1
Maximum | Class B Non-Voting Shares | Stock Options and SARs
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted (in shares)	0.1

Restructuring and Other (Restru

Restructuring and Other (Restructuring and Other) (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and other	$ 75.3		$ 0.5	$ 316.5	$ 7.2
Total restructuring and other and other unusual charges not included in restructuring and other	73.5		(2.3)	314.9	5.2
Insurance recoveries	2.8		5	10.7	13.6
Goodwill impairment	0		0	1,475	0
Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring initiative, expected cost remaining	100			100
Restructuring initiative, expected future cash outlay	75			75
Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring initiative, expected cost remaining	125			125
Restructuring initiative, expected future cash outlay	100			100
Motion Picture
Restructuring Cost and Reserve [Line Items]
Goodwill impairment				0
Media Networks
Restructuring Cost and Reserve [Line Items]
Goodwill impairment				1,475
Media Networks | Media Networks
Restructuring Cost and Reserve [Line Items]
Goodwill impairment		$ 1,475		1,475
Direct operating expense
Restructuring Cost and Reserve [Line Items]
Content charges	0		0	7.2	0
Direct operating expense	(1.8)		(2.8)	(8.8)	(2.3)
Distribution and marketing
Restructuring Cost and Reserve [Line Items]
Distribution and marketing expense	0		0	0	0.3
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and other	3.9		0	16.9	3.8
Severance | Cash
Restructuring Cost and Reserve [Line Items]
Restructuring and other	2.4		0	14.8	3.8
Severance | Accelerated vesting on equity awards
Restructuring Cost and Reserve [Line Items]
Restructuring and other	1.5		0	2.1	0
COVID-19 related charges
Restructuring Cost and Reserve [Line Items]
Restructuring and other	0		0.2	0.1	0.9
Transaction and other costs (benefits)
Restructuring Cost and Reserve [Line Items]
Restructuring and other	(9.4)		0.3	(0.2)	2.5
Transaction and other costs (benefits) | Media Networks
Restructuring Cost and Reserve [Line Items]
Settlement of legal matter	11			11
Content and other impairments
Restructuring Cost and Reserve [Line Items]
Restructuring and other	80.8		$ 0	299.7	$ 0
Future cash expenditures				85
Operating Lease, Impairment Loss				5.8
Content and other impairments | Media Networks
Restructuring Cost and Reserve [Line Items]
Restructuring and other	$ 80.8			$ 293.8

Restructuring and Other (Severa

Restructuring and Other (Severance Liability Rollforward) (Details) - Severance liability - USD ($) $ in Millions	9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Restructuring and Other Severance Liability
Beginning balance	$ 1.5	$ 5.7
Accruals	14.8	3.8
Severance payments	(5)	(8)
Ending balance	11.3	$ 1.5
Accounts Payable and Accrued Liabilities
Restructuring Cost and Reserve [Line Items]
Remaining severance liability, expected to be paid in next 12 months	$ 11.3

Segment Information (Segment In

Segment Information (Segment Information) (Details) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of reportable business segments | segment			3
Segment revenues	$ 1,000.1	$ 885.4	$ 2,769.1	$ 2,674.4
Gross contribution	243.3	166.4	458.2	553.7
Segment general and administration	54.2	53	168.7	163.6
Segment profit	189.1	113.4	289.5	390.1
Reportable Segments
Segment Reporting Information [Line Items]
Segment general and administration	54.2	53	168.7	163.6
Segment profit	189.1	113.4	289.5	390.1
Reportable Segments | Studio Business
Segment Reporting Information [Line Items]
Segment revenues	894.2	713.9	2,260.2	2,058.1
Gross contribution	179.3	118.8	385.5	362.9
Segment general and administration	31.3	32	98.2	98.6
Segment profit	148	86.8	287.3	264.3
Reportable Segments | Motion Picture
Segment Reporting Information [Line Items]
Segment revenues	288.8	275.3	791.6	897.3
Gross contribution	97	90.2	248.9	283.3
Segment general and administration	20.5	22.7	66.2	69.8
Segment profit	76.5	67.5	182.7	213.5
Reportable Segments | Television Production
Segment Reporting Information [Line Items]
Segment revenues	605.4	438.6	1,468.6	1,160.8
Gross contribution	82.3	28.6	136.6	79.6
Segment general and administration	10.8	9.3	32	28.8
Segment profit	71.5	19.3	104.6	50.8
Reportable Segments | Media Networks
Segment Reporting Information [Line Items]
Segment revenues	380.3	388.9	1,157.5	1,155.9
Gross contribution	72.4	49.5	104	187.1
Segment general and administration	22.9	21	70.5	65
Segment profit	49.5	28.5	33.5	122.1
Intersegment Eliminations
Segment Reporting Information [Line Items]
Segment revenues	(274.4)	(217.4)	(648.6)	(539.6)
Gross contribution	(8.4)	(1.9)	(31.3)	3.7
Segment profit	(8.4)	(1.9)	(31.3)	3.7
Intersegment Eliminations | Studio Business
Segment Reporting Information [Line Items]
Segment revenues	(274.4)	(217.4)	(648.6)	(539.6)
Intersegment Eliminations | Motion Picture
Segment Reporting Information [Line Items]
Segment revenues	(16.2)	(28.2)	(30)	(35.4)
Intersegment Eliminations | Television Production
Segment Reporting Information [Line Items]
Segment revenues	(258.2)	(189.2)	(618.6)	(504.2)
Intersegment Eliminations | Media Networks
Segment Reporting Information [Line Items]
Segment revenues	$ 0	$ 0	$ 0	$ 0

Segment Information (Reconcilia

Segment Information (Reconciliation Of Total Segment Profit To The Company's Income (Loss) Before Income Taxes) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Company’s total segment profit	$ 189.1	$ 113.4	$ 289.5	$ 390.1
Adjusted depreciation and amortization	(9.8)	(11.7)	(29.5)	(32.7)
Restructuring and other	(75.3)	(0.5)	(316.5)	(7.2)
Goodwill impairment	0	0	(1,475)	0
Adjusted share-based compensation expense	(23.3)	(22.6)	(57.7)	(77.5)
Operating income (loss)	7.8	9.3	(1,808.1)	59.4
Interest expense	(59.6)	(44.4)	(163)	(130)
Interest and other income	1.7	1.4	4.8	29.4
Other expense	(10.7)	(1.9)	(21.1)	(6.2)
Gain (loss) on extinguishment of debt	38.2	(1.1)	40.3	(28.2)
Gain (loss) on investments	43.4	(0.2)	42.1	1.2
Equity interests income (loss)	0	(2.5)	0.8	(1.4)
Income (loss) before income taxes	20.8	(39.4)	(1,904.2)	(75.8)
Operating segments
Segment Reporting Information [Line Items]
Company’s total segment profit	189.1	113.4	289.5	390.1
Corporate
Segment Reporting Information [Line Items]
Corporate general and administrative expenses	(21.3)	(21.8)	(69.4)	(70.5)
Corporate and reconciling items
Segment Reporting Information [Line Items]
Adjusted depreciation and amortization	(9.8)	(11.7)	(29.5)	(32.7)
Restructuring and other	(75.3)	(0.5)	(316.5)	(7.2)
Goodwill impairment	0	0	(1,475)	0
COVID-19 related (charges) benefit included in direct operating expense and distribution and marketing expense	1.8	2.8	8.8	2
Content Charges	0	0	(7.2)	0
Adjusted share-based compensation expense	(23.3)	(22.6)	(57.7)	(77.5)
Purchase accounting and related adjustments	$ (53.4)	$ (50.3)	$ (151.1)	$ (144.8)

Segment Information (Adjusted D

Segment Information (Adjusted Depreciation and Amortization, and COVID-19 Related Costs) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Depreciation and amortization	$ 46.3	$ 46.3	$ 133.9	$ 134.1
Adjusted depreciation and amortization	9.8	11.7	29.5	32.7
Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted depreciation and amortization	9.8	11.7	29.5	32.7
Direct operating expense	(1.8)	(2.8)	(8.8)	(2)
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	$ (36.5)	$ (34.6)	$ (104.4)	$ (101.4)

Segment Information (Adjusted S

Segment Information (Adjusted Share-Based Compensation) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Share-based compensation expense	$ 24.8	$ 22.6	$ 59.8	$ 77.5
Amount included in restructuring and other	(1.5)	0	(2.1)	0
Adjusted share-based compensation expense	23.3	22.6	57.7	77.5
Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted share-based compensation expense	23.3	22.6	57.7	77.5
General and administrative expense
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Share-based compensation expense	22.6	22	55.9	76.1
Restructuring and other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Share-based compensation expense	1.5	0	2.1	0
Restructuring and other | Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Amount included in restructuring and other	$ 1.5	$ 0	$ 2.1	$ 0

Segment Information (Purchase A

Segment Information (Purchase Accounting and Related Adjustments) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments	$ 53.4	$ 50.3	$ 151.1	$ 144.8
Direct operating | Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments	0	0	0.7	0.5
General and administrative expense
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments	16.9	15.7	46	42.9
General and administrative expense | Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments	16.9	15.7	46	42.9
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	$ 36.5	$ 34.6	$ 104.4	$ 101.4

Segment Information (Reconcil_2

Segment Information (Reconciliation of Segment General and Administration to Consolidated) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting, Other Significant Reconciling Item [Line Items]
Segment general and administrative expenses	$ 54.2	$ 53	$ 168.7	$ 163.6
General and administration	115	112.5	340	353.1
Operating segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Segment general and administrative expenses	54.2	53	168.7	163.6
Corporate
Segment Reporting, Other Significant Reconciling Item [Line Items]
Corporate general and administrative expenses	21.3	21.8	69.4	70.5
Corporate and reconciling items
Segment Reporting, Other Significant Reconciling Item [Line Items]
Purchase accounting and related adjustments	53.4	50.3	151.1	144.8
General and administrative expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Purchase accounting and related adjustments	16.9	15.7	46	42.9
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	22.6	22	55.9	76.1
Purchase accounting and related adjustments	$ 16.9	$ 15.7	$ 46	$ 42.9

Segment Information (Reconcil_3

Segment Information (Reconciliation of Total Assets By Segment to Consolidated Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 7,592.5	$ 8,991.2
Operating segments | Motion Picture
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,740.4	1,622.6
Operating segments | Television Production
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,900.7	1,978.9
Operating segments | Media Networks
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	3,168.8	4,706.7
Other unallocated assets
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 782.6	$ 683

Contingencies (Narrative) (Deta

Contingencies (Narrative) (Details) $ in Millions	9 Months Ended
	Dec. 31, 2021 USD ($)
Insurance Litigation
Loss Contingencies [Line Items]
Net settlement amount	$ 22.7

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	2 Months Ended	9 Months Ended
	May 31, 2022	May 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Mar. 31, 2021
Derivative [Line Items]
Remaining maturity of forward foreign exchange contracts, maximum			33 months
Unrealized gains in AOCI at time of termination			$ (885)	$ (2,735.4)	$ (847.4)	$ (2,683.4)	$ (2,750.4)	$ (2,794.6)
Foreign currency cash flow hedge gains estimated to be reclassified into earnings during next 12 months			3.3
Reduction of asset value of derivative	$ 188.7		(188.7)	0
Interest rate swap cash flow hedge gain estimated to be reclassified into earnings during next 12 months			25.7
Net Cash Provided by (Used in) Operating Activities			(128)	(489.8)
Net Cash Provided by (Used in) Financing Activities			(225.7)	$ (357.7)
Interest rate swaps
Derivative [Line Items]
Proceeds from terminated swaps	56.4
Gross amount of swaps in an asset position subject to master netting arrangement						169.6
Gross amount of swaps in an liability position subject to master netting arrangement						147.3
Net asset of swaps subject to master netting arrangement						32
Net liability of swaps subject to master netting arrangement						$ 9.8
Reduction of debt host	131.3	$ (3.2)
Net Cash Provided by (Used in) Operating Activities	188.7
Net Cash Provided by (Used in) Financing Activities	134.5
Interest rate swaps | Accumulated Gain (Loss), Net, Cash Flow Hedge Discontinued, Including Noncontrolling Interest
Derivative [Line Items]
Unrealized gains in AOCI at time of termination	180.4	180.4
Interest rate swaps | Designated as Hedging Instrument
Derivative [Line Items]
US Dollar Amount or Notional Amount			1,700
Derivative Liability	$ 6.8	$ 6.8
Interest rate swaps | Interest Rate Swaps, Re-designated Swaps | Designated as Hedging Instrument
Derivative [Line Items]
US Dollar Amount or Notional Amount			1,400
Interest rate swaps | Interest Rate Swap, Fixed Rate Paid 2.915%, Effective Date May 23, 2018 | Designated as Hedging Instrument
Derivative [Line Items]
US Dollar Amount or Notional Amount			$ 300

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Forward Foreign Exchange Contracts) (Details) - Forward exchange contracts € in Millions, £ in Millions, zł in Millions, Kč in Millions, $ in Millions, $ in Millions	Dec. 31, 2022 GBP (£)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CZK (Kč)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 CAD ($)	Dec. 31, 2022 PLN (zł)
British Pounds Sterling
Derivative [Line Items]
US Dollar Amount or Notional Amount	£ 24	$ 27
Weighted average exchange rate per $1 USD	0.89	0.89	0.89	0.89	0.89	0.89
Czech Republic, Koruna
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 18.6	Kč 461.6
Weighted average exchange rate per $1 USD	24.78	24.78	24.78	24.78	24.78	24.78
Euro Member Countries, Euro
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 10		€ 14.4
Weighted average exchange rate per $1 USD	1.45	1.45	1.45	1.45	1.45	1.45
Canada, Dollars
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 19.6			$ 27.3
Weighted average exchange rate per $1 USD	1.39	1.39	1.39	1.39	1.39	1.39
Poland, Zlotych
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 1.8				zł 8
Weighted average exchange rate per $1 USD	4.49	4.49	4.49	4.49	4.49	4.49

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Interest Rate Swaps) (Details) - Interest rate swaps - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022
Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	$ 1,700
Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		$ 1,400
Not Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		1,400
Interest Rate Swap, Fixed Rate Paid 1.923%, Effective Date May 19, 2020 | Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		$ 700
Fixed Rate Paid or Received		1.923%
Interest Rate Swap, Fixed Rate Paid 2.531%, Effective Date May 19, 2020 | Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		$ 350
Fixed Rate Paid or Received		2.531%
Interest Rate Swap, Fixed Rate Paid 2.343%, Effective Date June 15, 2020 | Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		$ 150
Fixed Rate Paid or Received		2.343%
Interest Rate Swap, Fixed Rate Paid 1.840%, Effective Date August 14, 2020 | Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		$ 200
Fixed Rate Paid or Received		1.84%
Interest Rate Swap, Fixed Rate Received 2.915%, Effective Date May 19, 2020 | Not Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		$ 700
Fixed Rate Paid or Received		2.915%
Interest Rate Swap, Fixed Rate Received 2.723%, Effective Date August 14, 2020 | Not Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		$ 200
Fixed Rate Paid or Received		2.723%
Interest Rate Swap, Fixed Rate Received 2.885%, Effective Date May 19, 2020 | Not Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		$ 300
Fixed Rate Paid or Received		2.885%
Interest Rate Swap, Fixed Rate Received 2.744%, Effective Date May 19, 2020 | Not Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		$ 50
Fixed Rate Paid or Received		2.744%
Interest Rate Swap, Fixed Rate Received 2.808%, Effective Date June 15, 2020 | Not Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		$ 100
Fixed Rate Paid or Received		2.808%
Interest Rate Swap, Fixed Rate Received 2.728%, Effective Date June 15, 2020 | Not Designated as Hedging Instrument | Terminated Swaps
Derivative [Line Items]
Notional amount		$ 50
Fixed Rate Paid or Received		2.728%
Interest Rate Swap, Fixed Rate Paid 2.915%, Effective Date May 23, 2018 | Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	$ 300
Fixed Rate Paid or Received	2.915%
Interest Rate Swap 2, Fixed Rate Paid 2.915%, Effective Date May 23, 2018 | Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	$ 700
Fixed Rate Paid or Received	2.915%
Interest Rate Swap, Fixed Rate Paid 2.723%, Effective Date June 25, 2018 | Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	$ 200
Fixed Rate Paid or Received	2.723%
Interest Rate Swap, Fixed Rate Paid 2.885%, Effective Date July 31, 2018 | Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	$ 300
Fixed Rate Paid or Received	2.885%
Interest Rate Swap, Fixed Rate Paid 2.744%, Effective Date December 24, 2018 | Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	$ 50
Fixed Rate Paid or Received	2.744%
Interest Rate Swap, Fixed Rate Paid 2.808%, Effective Date December 24, 2018 | Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	$ 100
Fixed Rate Paid or Received	2.808%
Interest Rate Swap, Fixed Rate Paid 2.728%, Effective Date December 24, 2018 | Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	$ 50
Fixed Rate Paid or Received	2.728%

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities (Derivatives Effect on Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Total direct operating expense on consolidated statements of operations	$ 584.7	$ 517.9	$ 1,744.7	$ 1,487.2
Total interest expense on consolidated statements of operations	59.6	44.4	163	130
Forward exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive loss	2.7	1	4.4	1.2
Gain (loss) reclassified from accumulated other comprehensive loss	(0.6)	1	(0.7)	0.6
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive loss	6.5	8.3	87.8	(21.4)
Gain (loss) reclassified from accumulated other comprehensive loss	3.6	(4.2)	(5.7)	(11.5)
Loss reclassified from accumulated other comprehensive income (loss) into interest expense	$ (2.1)	$ (8.5)	$ (9.9)	$ (25.5)

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities (Derivatives by Balance Sheet Location) (Details) - USD ($) $ in Millions	Dec. 31, 2022	May 31, 2022	Mar. 31, 2022
Derivatives, Fair Value [Line Items]
Derivative Asset	$ 54.8		$ 32
Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	13.2		3.5
Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	54.8		32
Accounts Payable and Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	4.3		2.8
Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	0		17.4
Interest rate swaps, financing element | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Financing element of certain hybrid instruments	0		88.1
Designated as Hedging Instrument | Forward exchange contracts | Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	13.2		3.5
Designated as Hedging Instrument | Forward exchange contracts | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	0		0
Designated as Hedging Instrument | Forward exchange contracts | Accounts Payable and Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	4.3		2.8
Designated as Hedging Instrument | Forward exchange contracts | Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	0		0
Designated as Hedging Instrument | Interest rate swaps
Derivatives, Fair Value [Line Items]
Derivative Liability		$ 6.8
Designated as Hedging Instrument | Interest rate swaps | Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	0		0
Designated as Hedging Instrument | Interest rate swaps | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	54.8		109.1
Designated as Hedging Instrument | Interest rate swaps | Accounts Payable and Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	0		0
Designated as Hedging Instrument | Interest rate swaps | Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	$ 0		(39.4)
Not Designated as Hedging Instrument | Interest rate swaps | Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset			0
Not Designated as Hedging Instrument | Interest rate swaps | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset			(77.1)
Not Designated as Hedging Instrument | Interest rate swaps | Accounts Payable and Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability			0
Not Designated as Hedging Instrument | Interest rate swaps | Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability			56.8
Not Designated as Hedging Instrument | Interest rate swaps, financing element | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Financing element of certain hybrid instruments			88.1
Not Designated as Hedging Instrument | Interest rate swaps, financing element | Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Financing element of certain hybrid instruments			$ 46

Additional Financial Informat_3

Additional Financial Information (Cash, Cash Equivalents and Restricted Cash) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Additional Financial Information [Abstract]
Cash and cash equivalents	$ 425.4	$ 371.2
Restricted cash included in other current assets	30.4	13.4
Restricted cash included in other non-current assets	15.2	0
Total cash, cash equivalents and restricted cash	$ 471	$ 384.6	$ 319.3	$ 528.7

Additional Financial Informat_4

Additional Financial Information (Other Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Mar. 31, 2022
Other current assets
Prepaid expenses and other	$ 58.5	$ 62.5
Restricted cash	30.4	13.4
Contract assets	57.7	40.5
Tax credits receivable	146.7	128.3
Other current assets	293.3	244.7
Other non-current assets
Prepaid expenses and other	8.2	10.5
Restricted cash	15.2	0
Accounts receivable	25.1	39
Contract assets	5.3	9.3
Tax credits receivable	335.8	316.1
Operating lease right-of-use assets	167.5	170.7
Interest rate swaps	54.8	32
Other non-current assets	$ 611.9	$ 577.6

Additional Financial Informat_5

Additional Financial Information (Accounts Receivable Monetization) (Details) - Trade Accounts Receivable - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Dec. 31, 2019	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Individual Monetization Agreements
Transfer of Financial Assets Accounted for as Sales [Line Items]
Net cash proceeds received or (paid or to be paid)		$ 394.5	$ 334.2	$ 1,056.5	$ 1,077.6
Carrying value of receivables transferred and derecognized		404.5	336.2	1,075.3	1,083.9
Loss recorded related to transfers of receivables		10	2.1	18.8	6.2
Derecognized accounts receivable for which the Company continues to service, amount outstanding		522.5		522.5		$ 460.5
Pooled Monetization Agreements
Transfer of Financial Assets Accounted for as Sales [Line Items]
Gross cash proceeds received for receivables transferred and derecognized		57.3	20.4	156	111.8
Less amounts from collections reinvested under revolving agreement		(33.3)	(12.1)	(83.3)	(76)
Proceeds from new transfers		24	8.3	72.7	35.8
Collections not reinvested and remitted or to be remitted		(24.2)	(10.8)	(48)	(44.4)
Net cash proceeds received or (paid or to be paid)		(0.2)	(2.5)	24.7	(8.6)
Carrying value of receivables transferred and derecognized		57	20.3	154.2	110.9
Obligations recorded		1	0	4.4	0.9
Loss recorded related to transfers of receivables		0.7	(0.1)	2.6	0
Derecognized accounts receivable for which the Company continues to service, amount outstanding		76.7		76.7		$ 79.5
Revolving agreement, maximum amount of receivables allowed to transfer	$ 150
Accounts receivable pledged as collateral under pooled monetization agreement		54.3		54.3
Purchases of receivables previously transferred		$ 6.5	$ 25.5	$ 27.4	$ 25.5

Additional Financial Informat_6

Additional Financial Information (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 2,683.4	$ 2,794.6
Ending balance	885	2,735.4
Foreign currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(19.7)	(15.1)
Other comprehensive loss	(3.4)	(1.2)
Reclassifications to net loss	0	0
Ending balance	(23.1)	(16.3)
Net unrealized gain (loss) on cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	49	(68.2)
Other comprehensive loss	92.2	(20.2)
Reclassifications to net loss	16.3	36.4
Ending balance	157.5	(52)
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	0.7	(0.6)
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	15.6	37
Accumulated other comprehensive income (loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	29.3	(83.3)
Other comprehensive loss	88.8	(21.4)
Reclassifications to net loss	16.3	36.4
Ending balance	$ 134.4	$ (68.3)

Additional Financial Informat_7

Additional Financial Information (Supplemental Cash Flow Information) (Details) - USD ($) $ in Millions	9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Non-cash investing activities
Accrued equity-method investment	$ 0	$ 19