Lions Gate Entertainment (LGF-A) 10-Q 8 Aug 24 2025 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Jun. 30, 2024	Aug. 05, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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	2025
Document Fiscal Period Focus	Q1
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		83,567,087
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		156,372,198
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	Jun. 30, 2024	Mar. 31, 2024
ASSETS
Cash and cash equivalents	$ 192.5	$ 314
Accounts receivable, net	654.5	753
Other current assets	396.9	396.5
Total current assets	1,243.9	1,463.5
Investment in films and television programs and program rights, net	3,215.6	2,762.2
Property and equipment, net	85.3	88.5
Investments	77.7	74.8
Intangible assets, net	954	991.8
Goodwill	812.1	811.2
Other assets	833.6	900.7
Total assets	7,222.2	7,092.7
LIABILITIES
Accounts payable	320.2	327.6
Content related payables	186.7	190
Other accrued liabilities	328.6	355.1
Participations and residuals	608.9	678.4
Film related obligations	1,666	1,393.1
Debt - short term portion	649.6	860.3
Deferred revenue	374.2	187.6
Total current liabilities	4,134.2	3,992.1
Debt	1,544.9	1,619.7
Participations and residuals	442.4	435.1
Film related obligations	356.4	544.9
Other liabilities	529	556.4
Deferred revenue	116.8	118.4
Deferred tax liabilities	24.5	13.3
Total liabilities	7,148.2	7,279.9
Commitments and contingencies (Note 16)
Redeemable noncontrolling interests	123	123.3
EQUITY (DEFICIT)
Accumulated deficit	(3,242.7)	(3,576.7)
Accumulated other comprehensive income	93.1	116
Total Lions Gate Entertainment Corp. shareholders' equity (deficit)	14.6	(312.7)
Noncontrolling interests	(63.6)	2.2
Total equity (deficit)	(49)	(310.5)
Total liabilities, redeemable noncontrolling interests and equity (deficit)	7,222.2	7,092.7
Class A Voting Shares
EQUITY (DEFICIT)
Common shares	673.8	673.6
Class B Non-Voting Shares
EQUITY (DEFICIT)
Common shares	$ 2,490.4	$ 2,474.4

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2024	Mar. 31, 2024
Class A Voting Shares
Common shares, no par value	$ 0	$ 0
Authorized common shares	500	500
Common shares, shares issued (in shares)	83.6	83.6
Class B Non-Voting Shares
Common shares, no par value	$ 0	$ 0
Authorized common shares	500	500
Common shares, shares issued (in shares)	152.3	151.7

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues	$ 834.7	$ 908.6
Expenses
Direct operating	429.2	481.2
Distribution and marketing	198.6	244.2
General and administration	119.5	123.6
Depreciation and amortization	46.1	44.4
Restructuring and other	22.5	32
Total expenses	815.9	925.4
Operating income (loss)	18.8	(16.8)
Interest expense	(68.8)	(62)
Interest and other income	5.1	1.9
Other expense	(3.1)	(5.7)
Gain (loss) on extinguishment of debt	(5.9)	21.2
Equity interests income (loss)	0.9	(0.3)
Loss before income taxes	(53)	(61.7)
Income tax provision	(10.1)	(9.8)
Net loss	(63.1)	(71.5)
Less: Net loss attributable to noncontrolling interests	3.7	0.8
Net loss attributable to Lions Gate Entertainment Corp. shareholders	$ (59.4)	$ (70.7)
Per share information attributable to Lions Gate Entertainment Corp. shareholders:
Basic net loss per common share (in usd per share)	$ (0.25)	$ (0.31)
Diluted net loss per common share (in usd per share)	$ (0.25)	$ (0.31)
Weighted average number of common shares outstanding:
Basic (in shares)	235.6	230.2
Diluted (in shares)	235.6	230.2

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (63.1)	$ (71.5)
Foreign currency translation adjustments, net of tax	(2.9)	0.8
Net unrealized gain (loss) on cash flow hedges, net of tax	(4.6)	16.9
Comprehensive loss	(70.6)	(53.8)
Less: Comprehensive loss attributable to noncontrolling interests	3.7	0.8
Comprehensive loss attributable to Lions Gate Entertainment Corp. shareholders	$ (66.9)	$ (53)

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Equity (Deficit) - USD ($) shares in Millions, $ in Millions	Total	Lions Gate Entertainment Corp. Shareholders' Equity (Deficit)	Common Shares Class A Voting Shares	Common Shares Class B Non-Voting Shares	Accumulated Deficit	Accumulated other comprehensive income	Noncontrolling Interests
Beginning balance, shares at Mar. 31, 2023			83.5	145.9
Beginning balance at Mar. 31, 2023	$ 786	$ 784.5	$ 672.3	$ 2,430.9	$ (2,439.6)	$ 120.9	$ 1.5	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation, net of share cancellations for taxes, shares				2.1
Share-based compensation, net of share cancellations for taxes	0.3	0.3	0.3
Issuance of common shares	0.6	0.6	$ 0.3	$ 0.3
Net loss	(70.4)	(70.7)			(70.7)		0.3	[1]
Other comprehensive income (loss)	17.7	17.7				17.7
Redeemable noncontrolling interests adjustments to redemption value	(6)	(6)			(6)
Ending balance, shares at Jun. 30, 2023			83.5	148
Ending balance at Jun. 30, 2023	728.2	726.4	$ 672.9	$ 2,431.2	(2,516.3)	138.6	1.8	[1]
Beginning balance, shares at Mar. 31, 2024			83.6	151.7
Beginning balance at Mar. 31, 2024	(310.5)	(312.7)	$ 673.6	$ 2,474.4	(3,576.7)	116	2.2	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation, net of share cancellations for taxes, shares				0.6
Share-based compensation, net of share cancellations for taxes	16.2	16.2	$ 0.2	$ 16
Sale of noncontrolling interest in Lionsgate Studios Corp. (see Note 2)	282.7	378.3			393.7	(15.4)	(95.6)
Noncontrolling interests	33						33	[1]
Net loss	(62.6)	(59.4)			(59.4)		(3.2)	[1]
Other comprehensive income (loss)	(7.5)	(7.5)				(7.5)
Redeemable noncontrolling interests adjustments to redemption value	(0.3)	(0.3)			(0.3)
Ending balance, shares at Jun. 30, 2024			83.6	152.3
Ending balance at Jun. 30, 2024	$ (49)	$ 14.6	$ 673.8	$ 2,490.4	$ (3,242.7)	$ 93.1	$ (63.6)	[1]
[1]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	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Activities:
Net loss	$ (63.1)	$ (71.5)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	46.1	44.4
Amortization of films and television programs and program rights	287.7	359.9
Amortization of debt financing costs and other non-cash interest	8.7	6.8
Non-cash share-based compensation	18.1	16.5
Other amortization	10.8	11.8
Content and other impairments	19.9	28
(Gain) loss on extinguishment of debt	5.9	(21.2)
Equity interests (income) loss	(0.9)	0.3
Deferred income taxes	11.2	0.2
Changes in operating assets and liabilities:
Accounts receivable, net	155.8	76.7
Investment in films and television programs and program rights, net	(694.3)	(445.4)
Other assets	(10.8)	(1.5)
Accounts payable and accrued liabilities	(56.5)	(20.3)
Participations and residuals	(65.4)	(7.4)
Content related payables	(12.8)	12.2
Deferred revenue	180.7	39.7
Net Cash Flows Provided By (Used In) Operating Activities	(158.9)	29.2
Investing Activities:
Investment in equity method investees and other	(2)	0
Acquisition of assets (film library and related assets)	(35)	0
Increase in loans receivable	0	(0.9)
Capital expenditures	(9)	(8.9)
Net Cash Flows Used In Investing Activities	(46)	(9.8)
Financing Activities:
Debt - borrowings, net of debt issuance and redemption costs	771.8	490
Debt - repurchases and repayments	(1,065.4)	(560.1)
Film related obligations - borrowings	636.9	569.9
Film related obligations - repayments	(557.8)	(423.7)
Sale of noncontrolling interest in Lionsgate Studios Corp. (see Note 2)	294	0
Purchase of noncontrolling interest	0	(0.6)
Distributions to noncontrolling interest	(0.6)	0
Exercise of stock options	0	0.1
Tax withholding required on equity awards	(3)	(15.1)
Net Cash Flows Provided By Financing Activities	75.9	60.5
Net Change In Cash, Cash Equivalents and Restricted Cash	(129)	79.9
Foreign Exchange Effects on Cash, Cash Equivalents and Restricted Cash	(0.5)	1.2
Cash, Cash Equivalents and Restricted Cash - Beginning Of Period	371.4	313
Cash, Cash Equivalents and Restricted Cash - End Of Period	$ 241.9	$ 394.1

General

General	3 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General Nature of Operations Lions Gate 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 more than 20,000-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 months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2025. The balance sheet at March 31, 2024 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, 2024. 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 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 and assets 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 Segment Reporting: In November 2023, the Financial Accounting Standards Board (“FASB”) issued guidance which expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. This guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and therefore will be effective beginning with the Company’s financial statements issued for the fiscal year ending March 31, 2025 and subsequent interim periods, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance on its consolidated financial statements and disclosures. Income Taxes: In December 2023, the FASB issued guidance which expands income tax disclosures by requiring public business entities, on an annual basis, to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. Additionally, this guidance requires all entities disaggregate disclosures by jurisdiction on the amount of income taxes paid (net of refunds received), income or loss from continuing operations before income tax expense (or benefit) and income tax expense (or benefit) from continuing operations. This guidance is effective for fiscal years beginning after December 15, 2024, and therefore will be effective beginning with the Company’s financial statements issued for the fiscal year ending March 31, 2026 with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance on its consolidated financial statements and disclosures.

Acquisitions

Acquisitions	3 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions	Acquisitions Acquired Library On June 5, 2024, the Company invested approximately $35.0 million for a 51% members' interest in a newly formed limited liability company, CP LG Library Holdings, LLC (“CP LG”), with the Company designated as the managing member of CP LG. CP LG used the funds received from the Company, along with funds invested by the 49% member, to acquire a library of 46 films for approximately $68.6 million. Also on June 5, 2024, the Company entered into a distribution agreement with CP LG to distribute the titles in the acquired library. The purchase included the film library (of which $48.3 million of the purchase price was allocated to investment in film and television programs for the film library), accounts receivable and certain liabilities associated with the film library, most notably participations and residuals liabilities. The Company determined that CP LG is a variable interest entity (“VIE”) for which it is the primary beneficiary and is consolidated under the applicable accounting guidance as the Company has the power to direct the significant activities and the right to receive benefits and obligation to absorb losses of CP LG. The Company concluded that the acquired library and related assets and liabilities was not a business and therefore, accounted for the acquisition as an initial consolidation of a VIE that is not a business under the applicable accounting guidance. There was no gain or loss recognized upon initial consolidation of the VIE as the sum of the fair value of the consideration paid and noncontrolling interest equaled the fair value of the net assets on the acquisition date. See Note 9 for the noncontrolling interest recorded related to CP LG. As of June 30, 2024, the unaudited condensed consolidated balance sheet included assets and liabilities of CP LG totaling $79.8 million (which is primarily comprised of investment in film and television programs) and $11.2 million, respectively. The assets and liabilities of CP LG primarily consist of accounts receivable, investment in film and television programs, and participations and residuals. Business Combination Agreement On May 13, 2024, the Company consummated the business combination agreement (the “Business Combination Agreement”) with Screaming Eagle Acquisition Corp., a Cayman Islands exempted company (“SEAC”), SEAC II Corp., a Cayman Islands exempted company and a wholly-owned subsidiary of SEAC (“New SEAC”), LG Sirius Holdings ULC, a British Columbia unlimited liability company and a wholly-owned subsidiary of the Company (“Studio HoldCo”), LG Orion Holdings ULC, a British Columbia unlimited liability company and a wholly-owned subsidiary of the Company (“StudioCo”) and other affiliates of SEAC (the "Closing"). Pursuant to the terms and conditions of the Business Combination Agreement, the Studio Business was combined with SEAC through a series of transactions, including an amalgamation of StudioCo and New SEAC under a Canadian plan of arrangement (the “Business Combination”). In connection with the closing of the Business Combination, New SEAC changed its name to “Lionsgate Studios Corp.” (referred to as “Lionsgate Studios”) and continues the existing business operations of StudioCo, which consists of the Studio Business of Lionsgate. The "Studio Business" consists of the businesses of Lionsgate's Motion Picture and Television Production segments, together with substantially all of Lionsgate's corporate general and administrative functions and costs. Lionsgate Studios became a separate publicly traded company and its common shares commenced trading on Nasdaq under the symbol “LION” on May 14, 2024. In connection with and prior to the Business Combination, the Company and StudioCo entered into a separation agreement pursuant to which the assets and liabilities of the Studio Business were transferred to StudioCo such that StudioCo held, directly or indirectly, all of the assets and liabilities of the Studio Business (the “Separation”). Following the transaction, approximately 87.8% of the total shares of Lionsgate Studios continue to be held by the Company, while former SEAC public shareholders and founders and common equity financing investors own approximately 12.2% of Lionsgate Studios. In addition to establishing Lionsgate Studios as a standalone publicly-traded entity, the transaction resulted in approximately $330.0 million of gross proceeds to the Company, including $254.3 million in private investments in public equities ("PIPE") financing, which amount excludes an aggregate of approximately $20.0 million that remains due from a PIPE Investor that subscribed for common shares and which shares, as of June 30, 2024, are pending issuance subject to receipt of such amount. The net proceeds were used to partially pay down amounts outstanding under the Term Loan A and Term Loan B pursuant to the Credit Agreement (see Note 6). The Business Combination has been accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, SEAC was treated as the acquired company and the Studio Business was treated as the acquirer for financial reporting purposes. Accordingly, for accounting purposes, the financial statements of Lionsgate Studios will represent a continuation of the financial statements of the Studio Business, with the Business Combination treated as the equivalent of the Studio Business issuing stock for the historical net assets of SEAC, substantially consisting of cash held in the trust account, accompanied by a recapitalization of the Studio Business equity. The historical net assets of SEAC were stated at fair value, which approximates historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination are those of the Studio Business. The Studio Business continues to be a consolidated subsidiary of the Company. In connection with the Business Combination, as described above, approximately 12.2% of the Lionsgate Studios common shares were issued to the SEAC public shareholders and founders and other common equity financing investors in exchange for net proceeds of $282.7 million. The following table reconciles the gross proceeds to the net proceeds reflected in the consolidated statement of cash flows and the consolidated statement of equity (deficit): (Amounts in millions) Total gross cash proceeds $ 330.0 Less: SEAC warrant exchange payment (1) (12.5) Less: Transaction costs (34.8) Net proceeds from the sale of noncontrolling interest in Lionsgate Studios Corp. per the condensed consolidated statement of equity (deficit) 282.7 Add: Transaction costs accrued and not paid, net of transaction costs previously paid 11.3 Net cash proceeds from the sale of noncontrolling interest in Lionsgate Studios per the condensed consolidated statement of cash flows $ 294.0 ______________ (1) Prior to the Closing, each of the then issued and outstanding whole warrants of SEAC, sold as part of SEAC’s initial public offering (the “SEAC Public Warrants”) was automatically exchanged for $0.50 in cash pursuant to the terms of an amendment to the agreement governing the SEAC Public Warrants. As of the Closing, no SEAC Public Warrants were outstanding. The Company recorded a reduction of noncontrolling interest in shareholders' equity (deficit) of $95.6 million and a reduction of accumulated other comprehensive income of $15.4 million for the issuance of the Lionsgate Studios common shares, which was based upon the 12.2% ownership interest in the carrying value of Lionsgate Studios. The reduction in noncontrolling interest was due to the negative carrying value of Lionsgate Studios as of May 13, 2024, partially offset by an amount allocated to certain options described below. The difference between the net cash proceeds and the amounts recorded as noncontrolling interest and accumulated other comprehensive income was reflected as a reduction of accumulated deficit in the consolidated statement of shareholders' equity (deficit). See Note 9. In connection with the Business Combination, 2,200,000 options (the "Sponsor Options") to receive Lionsgate Studios common shares, were issued to certain noncontrolling interest holders, with an exercise price of $0.0001 per share. The Sponsor Options will become exercisable (i) on or after the date on which the trading price of Lionsgate Studios common shares (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) equals or exceeds $16.05 per share or (ii) if a Change of Control (as defined in the sponsor option agreement) occurs, subject to certain conditions. The Company has recorded the Sponsor Options as part of the noncontrolling interest recorded. eOne Acquisition On December 27, 2023, the Company, and its subsidiaries, Lions Gate Entertainment Inc., a Delaware corporation (“LGEI”), and Lions Gate International Motion Pictures S.à.r.l., a Luxembourg société à responsabilité limitée (“LGIMP” and, with the Company and LGEI, collectively the “Buyers”), completed the acquisition of all of the issued and outstanding equity interests of the companies constituting the Entertainment One television and film (“eOne”) business from Hasbro, Inc., a Rhode Island corporation (“Hasbro”), pursuant to that certain Equity Purchase Agreement (the “Purchase Agreement”) dated August 3, 2023. The aggregate cash purchase price was approximately $385.1 million, and was subject to further adjustment based on final determination of purchase price adjustments, including for cash, debt, and working capital. Subsequent to June 30, 2024, the final purchase price was determined, resulting in a $12.0 million reduction of the purchase price. The acquisition of eOne, a film and television production and distribution company, builds the Company's film and television library, strengthens the Company's scripted and unscripted television business, and continues to expand the Company's presence in Canada and the U.K. The acquisition was accounted for under the acquisition method of accounting, with the financial results of eOne included in the Company's consolidated results from December 27, 2023. Allocation of Purchase Consideration. The Company has made a preliminary estimate of the allocation of the preliminary purchase price of eOne to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair value. The Company is still evaluating the fair value of film and television programs and libraries, projects in development, intangible assets, participations and residuals liabilities and income taxes, in addition to ensuring all other assets and liabilities have been identified and recorded. The Company has estimated the preliminary fair value of assets acquired and liabilities assumed based on information currently available and will continue to adjust those estimates as additional information pertaining to events or circumstances present at December 27, 2023 becomes available and final appraisals and analysis are completed. The Company will reflect measurement period adjustments, in the period in which the adjustments occur, and the Company will finalize its accounting for the acquisition within one year from December 27, 2023 (see Note 5 for measurement period adjustments recorded through June 30, 2024). A change in the fair value of the net assets may change the amount recognized to goodwill. If the final fair value estimates and tax adjustments related to the net assets acquired decrease from their preliminary estimates, the amount of goodwill will increase and if the final fair value estimates and tax adjustments related to the net assets acquired increase from their preliminary estimates, the amount of goodwill will decrease and may result in a gain on purchase. In addition, the final fair value estimates related to the net assets acquired could impact the amount of amortization expense recorded associated with amounts allocated to film and television programs and other intangible assets. The preliminary goodwill amount is reflected in the table below, and arises from the opportunity for strengthening our global distribution infrastructure and enhanced positioning for motion picture and television projects and selling opportunities. The goodwill will not be amortized for financial reporting purposes, and will not be deductible for federal tax purposes. The fair value measurements were primarily based on significant inputs that are not observable in the market, such as discounted cash flow (DCF) analyses, and thus represent Level 3 fair value measurements. The preliminary allocation of the purchase price to the assets acquired and liabilities assumed (including measurement period adjustments recorded through June 30, 2024, see Note 5), and a reconciliation to total consideration transferred is presented in the table below: (Amounts in millions) Cash and cash equivalents $ 54.1 Accounts receivable 294.6 Investment in films and television programs 371.8 Property and equipment 14.0 Intangible assets 4.0 Other assets (1) 171.8 Accounts payable and accrued liabilities (66.7) Content related payable (38.8) Participations and residuals (1) (199.6) Film related obligations (1) (105.8) Other liabilities and deferred revenue (1) (130.9) Preliminary fair value of net assets acquired 368.5 Goodwill 16.6 Preliminary purchase price consideration at June 30, 2024 (2) $ 385.1 ______________ (1) Includes current and non-current amounts. (2) The preliminary purchase price consideration excludes amounts related to the settlement of the final purchase price subsequent to June 30, 2024, as disclosed above. Investment in films and television programs includes the preliminary fair value of completed films and television programs which have been produced by eOne or for which eOne has acquired distribution rights, as well as the preliminary fair value of films and television programs in production, pre-production and development. For investment in films and television programs, the fair value was preliminarily estimated based on forecasted cash flows discounted to present value at a rate commensurate with the risk of the assets. Titles that were released less than three years prior to the acquisition date (December 27, 2023) were valued individually and will be amortized using the individual film forecast method, based on the ratio of current period revenues to management’s estimated remaining total gross revenues to be earned ("ultimate revenue"). Titles released more than three years prior to the acquisition date were valued as part of a library and will be amortized on a straight-line basis over the estimated useful life of 5 years to 10 years. The intangible assets acquired include trade names with a weighted average estimated useful life of 5 years. The fair value of the trade names was preliminarily estimated based on the present value of the hypothetical cost savings that could be realized by the owner of the trade names as a result of not having to pay a stream of royalty payments to another party. These cost savings were calculated based on a DCF analysis of the hypothetical royalty payment that a licensee would be required to pay in exchange for use of the trade names, reduced by the tax effect realized by the licensee on the royalty payments. Other preliminary fair value adjustments were made to property and equipment and right-of-use lease assets to reflect the fair value of certain assets upon acquisition. Deferred taxes, net of any required valuation allowance, were preliminarily adjusted to record the deferred tax impact of acquisition accounting adjustments primarily related to amounts allocated to film and television programs, other intangible assets, and certain property and equipment, right-of-use lease assets, and other liabilities. The fair value of eOne's cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, participations and residuals, film related obligations and other liabilities were estimated to approximate their book values. Pro Forma Statement of Operations Information. The following unaudited pro forma condensed consolidated statement of operations information presented below illustrates the results of operations of the Company as if the acquisition of eOne as described above occurred on April 1, 2023. The unaudited pro forma condensed consolidated financial information is presented for informational purposes and is not indicative of the results of operations that would have been achieved if the acquisition had occurred on April 1, 2023, nor is it indicative of future results. The statement of operations information below includes the statement of operations of eOne for the three months ended June 30, 2023 combined with the Company's statement of operations for the three months ended June 30, 2023. Three Months Ended June 30, 2023 (Amounts in millions) Revenues $ 1,051.0 Net loss attributable to Lions Gate Entertainment Corp. shareholders $ (361.3) The unaudited pro forma condensed consolidated financial information includes, where applicable, adjustments for (i) reductions in amortization expense from the fair value adjustments to investment in films and television programs, (ii) reduction in amortization expense related to acquired intangible assets, (iii) reduction in depreciation expense from the fair value of property and equipment, (iv) transaction costs and other one-time non-recurring costs, (v) increase in interest expense resulting from financing the acquisition with borrowings under the Company's revolving credit facility, (vi) elimination of intercompany activity between eOne and the Company, and (vii) associated tax-related impacts of adjustments. These pro forma adjustments are based on available information as of the date hereof and upon assumptions that the Company believes are reasonable to reflect the impact of the acquisition of eOne on the Company's historical financial information on a supplemental pro forma basis. The unaudited pro forma condensed consolidated statement of operations information does not include adjustments related to integration activities, operating efficiencies or cost savings. In addition, the unaudited pro forma condensed consolidated financial information for the three months ended June 30, 2023 includes an impairment of goodwill and trade name of $296.2 million which was reflected in the statement of operations of eOne for the three months ended June 30, 2023. The results of operations of eOne were reflected beginning December 27, 2023, in the Motion Picture and Television Production reportable segments of the Company.

Investment In Films and Televis

Investment In Films and Television Programs and Licensed Program Rights	3 Months Ended
	Jun. 30, 2024
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: June 30, March 31, (Amounts in millions) Investment in Films and Television Programs: Individual Monetization Released, net of accumulated amortization $ 863.6 $ 878.3 Completed and not released 301.9 225.4 In progress 681.2 469.2 In development 65.5 65.7 1,912.2 1,638.6 Film Group Monetization Released, net of accumulated amortization 539.5 497.1 Completed and not released 94.7 170.1 In progress 362.0 179.0 In development 4.8 4.3 1,001.0 850.5 Licensed program rights, net of accumulated amortization 302.4 273.1 Investment in films and television programs and licensed program rights, net $ 3,215.6 $ 2,762.2 At June 30, 2024, acquired film and television libraries have remaining unamortized costs of $266.4 million, which are monetized individually and are being amortized on a straight-line basis or the individual-film-forecast method over a weighted-average remaining period of approximately 13.0 years (March 31, 2024 - unamortized costs of $223.1 million). Amortization of investment in film and television programs and licensed program rights by predominant monetization strategy is as follows, and was included in direct operating expense in the unaudited condensed consolidated statements of operations: Three Months Ended June 30, 2024 2023 (Amounts in millions) Amortization expense: Individual monetization $ 162.8 $ 181.1 Film group monetization 76.9 111.2 Licensed program rights 48.0 67.6 $ 287.7 $ 359.9 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 months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Impairments by segment: Included in direct operating expense (1) : Motion Picture $ 0.3 $ 0.2 Impairments not included in segment operating results (2) : Included in restructuring and other 1.9 28.0 $ 2.2 $ 28.2 ________________ (1) Impairments included in direct operating expense are included in the amortization expense amounts reflected in the table above which presents amortization of investment in film and television programs and licensed program rights by predominant monetization strategy. (2) Represents charges related to the Media Networks restructuring plan initiatives. See Note 14 for further information.

Investments

Investments	3 Months Ended
	Jun. 30, 2024
Equity Method Investments, and Investments in Debt and Equity Securities [Abstract]
Investments	Investments The Company's investments consisted of the following: June 30, March 31, (Amounts in millions) Investments in equity method investees $ 71.3 $ 68.4 Other investments 6.4 6.4 $ 77.7 $ 74.8 Equity Method Investments: The Company has investments in various equity method investees with ownership percentages ranging from approximately 6% to 49%. These investments include: Spyglass. 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. 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. 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.

Goodwill

Goodwill	3 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	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, 2024 (1) $ 398.6 $ 412.6 $ — $ 811.2 Measurement period adjustments (2) (3.9) 4.8 — 0.9 Balance as of June 30, 2024 (1) $ 394.7 $ 417.4 $ — $ 812.1 ________________ (1) As of June 30, 2024 and March 31, 2024, accumulated goodwill impairment losses totaled $1.969 billion related to the Media Networks reporting unit. (2) Measurement period adjustments for the acquisition of eOne reflect an increase to goodwill of $0.9 million resulting from a net decrease in estimated fair value of the net assets acquired. The decrease in the estimated fair value of the net assets acquired consisted of a net decrease to accounts receivable of $4.2 million, net increases to content related payables of $3.4 million, and other liabilities of $0.4 million, partially offset by a net increase to other assets of $3.7 million, and decreases to accrued liabilities of $1.1 million and participations and residuals of $2.3 million.

Debt

Debt	3 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt Total debt of the Company, excluding film related obligations, was as follows: June 30, March 31, (Amounts in millions) Corporate debt: Revolving Credit Facility $ 585.0 $ 575.0 Term Loan A 314.4 399.3 Term Loan B 605.1 819.2 5.5% Senior Notes 715.0 715.0 Total corporate debt 2,219.5 2,508.5 Unamortized debt issuance costs (25.0) (28.5) Total debt, net 2,194.5 2,480.0 Less current portion (649.6) (860.3) Non-current portion of debt $ 1,544.9 $ 1,619.7 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 June 30, 2024 there was $665.0 million available. However, borrowing levels are subject to certain financial covenants as discussed below. There were no letters of credit outstanding at June 30, 2024. 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. The outstanding amounts may become due on December 23, 2024 (i.e., 91 days prior to March 24, 2025) prior to its maturity on April 6, 2026 in the event that the aggregate principal amount of outstanding Term Loan B in excess of $250 million has not been repaid, refinanced or extended to have a maturity date on or after July 6, 2026. The Company expects to repay and/or refinance and extend the maturity date of the Term Loan B prior to December 23, 2024 such that the maturity of the revolving credit facility and Term Loan A are not accelerated. • 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 SOFR plus 0.10% plus 1.75% margin (or an alternative base rate plus 0.75%), with a SOFR floor of zero. The margin is subject to potential increases of up to 50 basis points (two 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 7.18% as of June 30, 2024, before the impact of interest rate swaps, see Note 17 for 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 SOFR plus 0.10% plus 2.25% margin, with a SOFR floor of zero (or an alternative base rate plus 1.25% margin) (effective interest rate of 7.68% as of June 30, 2024, before the impact of interest rate swaps). Required Principal Payments: • Term Loan A: Quarterly principal payments, at quarterly rates of 1.75% and increasing to 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 & Term Loan B: The Company may voluntarily prepay the Revolving Credit Facility, Term Loan A and 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 June 30, 2024, 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. 5.5% Senior Notes Interest: Bears interest at 5.5% annually (payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2021). See Changes Upon Separation of the Starz Business from the Studio Business below for further information. Maturity Date: April 15, 2029. See Changes Upon Separation of the Starz Business from the Studio Business below for further information. Optional Redemption: (i) On or after April 15, 2024, the Company may redeem the 5.5% 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%. See Changes Upon Separation of the Starz Business from the Studio Business below for further information. Security. The 5.5% Senior Notes are unsubordinated, unsecured obligations of the Company. Covenants. The 5.5% 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 June 30, 2024, 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 5.5% 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 5.5% Senior Notes at 100% of their principal amount, plus accrued and unpaid interest, if any, to the date of purchase. Changes Upon Separation of the Starz Business from the Studio Business. As described below in the 5.5% Senior Notes Exchange disclosure, effective upon completion of the separation of the Starz Business from the Studio Business, the interest rate will increase to 6.0% and the maturity date will extend to April 15, 2030 for a portion of the 5.5% Senior Notes (the Exchange Notes, as defined below) which amounted to $389.9 million at June 30, 2024. The "Starz Business" consists of the business of Lionsgate's Media Networks segment. On or after the Separation Closing Date, as defined in the indenture to Exchange Notes, the Company may redeem the Exchange 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 the Separation Closing Date until, but excluding, the one-year anniversary thereof - 103.0%; (ii) on or after the one-year anniversary of the Separation Closing Date until, but excluding the two-year anniversary thereof - 102.0%; (iii) on or after the two-year anniversary of the Separation Closing Date until, but excluding the three-year anniversary thereof - 101.0% (iv) on or after the three-year anniversary of the Separation Closing Date and thereafter - 100%. The Exchange Notes will initially be guaranteed by all existing obligors under the Existing Notes (as defined below), and upon completion of the separation of the Studio Business and the Starz Business, the Exchange Notes will be guaranteed exclusively by entities which are part of the Studio Business. Capacity to Pay Dividends At June 30, 2024, the capacity to pay dividends under the Senior Credit Facilities and the 5.5% Senior Notes significantly exceeded the amount of the Company's accumulated deficit or net loss, and therefore the Company's net loss of $63.1 million and accumulated deficit of $3,242.7 million were deemed free of restrictions from paying dividends at June 30, 2024. Debt Transactions: Term Loan A and Term Loan B Prepayment. In the quarter ended June 30, 2024, the Company used the proceeds from the Business Combination to prepay $84.9 million principal amount of the Term Loan A and $214.1 million of the Term Loan B, together with accrued and unpaid interest thereon. 5.5% Senior Notes Exchange. On May 8, 2024, an indirect, wholly-owned subsidiary of the Company issued $389.9 million aggregate principal amount of 5.5% senior notes due 2029 (the "Exchange Notes") in exchange for an equivalent amount of the existing 5.5% Senior Notes due 2029 (the "Existing Notes"). The Exchange Notes initially bear interest at 5.5% annually and mature April 15, 2029, with the interest rate increasing to 6.0% and the maturity date extending to April 15, 2030 effective upon completion of the separation of the Starz Business from the Studio Business, both of which are currently held in subsidiaries consolidated by the Company. Senior Notes Repurchases. In the three months ended June 30, 2023, the Company repurchased $85.0 million principal amount of the 5.5% Senior Notes for $61.4 million, together with accrued and unpaid interest. Gain (Loss) on Extinguishment of Debt: During the three months ended June 30, 2024 and 2023, 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 2024 2023 (Amounts in millions) Gain (Loss) on Extinguishment of Debt: Senior Notes exchange and repurchases (1) $ (4.9) $ 21.2 Term Loan A and B prepayments (1.0) — $ (5.9) $ 21.2 ________________ (1) The

Film Related Obligations

Film Related Obligations	3 Months Ended
	Jun. 30, 2024
Film Related Obligations [Abstract]
Film Related Obligations	Film Related Obligations June 30, March 31, (Amounts in millions) Film related obligations: Production Loans $ 1,306.4 $ 1,292.2 Production Tax Credit Facility 260.0 260.0 Programming Notes 53.8 — Backlog Facility and Other 313.0 287.3 IP Credit Facility 100.6 109.9 Total film related obligations 2,033.8 1,949.4 Unamortized issuance costs (11.4) (11.4) Total film related obligations, net 2,022.4 1,938.0 Less current portion (1,666.0) (1,393.1) Total non-current film related obligations $ 356.4 $ 544.9 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-based interest at a weighted average rate of 6.85% (before the impact of interest rate swaps, see Note 17 for interest rate swaps). Production loans amounting to $1,086.9 million are secured by collateral which consists of the underlying rights related to the intellectual property (i.e. film or television show), and $219.5 million are unsecured. Production Tax Credit Facility. In January 2021, as amended in March 2024, 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 $260.0 million, subject to the amount of collateral available, which is based on specified percentages of amounts payable to the Company by governmental authorities pursuant to the tax incentive laws of certain eligible jurisdictions that arise from the production or exploitation of motion pictures and television programming in such jurisdiction. Cash collections from the underlying collateral (tax credit receivables) are used to repay the Production Tax Credit Facility. As of June 30, 2024, tax credit receivables amounting to $336.8 million represented collateral related to the Production Tax Credit Facility. Advances under the Production Tax Credit Facility bear interest at a rate equal to SOFR plus 0.10% to 0.25% depending on the SOFR term (i.e., one, three or six months), plus 1.50% per annum or the base rate plus 0.50% per annum (effective interest rate of 6.93% at June 30, 2024). The Production Tax Credit Facility matures on January 27, 2025. As of June 30, 2024, there were no amounts available under the Production Tax Credit Facility. Programming Notes . Programming notes represent individual unsecured loans for the licensing of film and television programs that the Company licenses, related to the Company's Media Networks business. The Company's programming notes have contractual repayment dates in August 2024, and incur SOFR-based interest at a weighted average rate of 8.73%. 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 acquired library titles. 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, 2024 $60.7 November 14, 2024 September 30, 2025 $91.1 November 14, 2025 September 30, 2026 $121.4 November 14, 2026 July 30, 2027 $161.9 July 30, 2027 Advances under the IP Credit Facility bear interest at a rate equal to, at the Company’s option, SOFR plus 0.11% to 0.26% depending on the SOFR term (i.e., one or three months) plus 2.25% per annum (with a SOFR floor of 0.25%) or the base rate plus 1.25% per annum (effective interest rate of 7.77% at June 30, 2024). The IP Credit Facility matures on July 30, 2027. Backlog Facility and Other: Backlog Facility. 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 6.58% at June 30, 2024). The Backlog Facility revolving period ends on May 16, 2025, at which point cash collections from the underlying collateral is used to repay the facility. The facility maturity date is up to 2 years, 90 days after the revolving period ends, currently August 14, 2027. As of June 30, 2024, there was $175.0 million outstanding under the Backlog Facility, and there were no amounts available under the Backlog Facility (March 31, 2024 - $175.0 million outstanding). Other.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Jun. 30, 2024
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 June 30, 2024 and March 31, 2024: June 30, 2024 March 31, 2024 Level 1 Level 2 Total Level 1 Level 2 Total Assets: (Amounts in millions) Interest rate swaps (see Note 17) $ — $ 28.1 $ 28.1 $ — $ 35.6 $ 35.6 Liabilities: Forward exchange contracts (see Note 17) — (1.6) (1.6) — (2.8) (2.8) The following table sets forth the carrying values and fair values of the Company’s outstanding debt and film related obligations at June 30, 2024 and March 31, 2024: June 30, 2024 March 31, 2024 (Amounts in millions) Carrying Value Fair Value (1) Carrying Value Fair Value (1) (Level 2) (Level 2) Term Loan A $ 312.6 $ 312.9 $ 396.6 $ 397.3 Term Loan B 603.9 604.3 816.9 818.1 5.5% Senior Notes 697.4 547.9 696.6 536.2 Production Loans 1,301.2 1,306.4 1,286.2 1,292.2 Production Tax Credit Facility 259.1 260.0 258.7 260.0 Programming Notes 53.8 53.8 — — Backlog Facility and Other 309.7 313.0 285.4 287.3 IP Credit Facility 98.5 100.6 107.6 109.9 ________________ (1) The Company measures the fair value of its outstanding debt and interest rate swaps using discounted cash flow techniques that use observable market inputs, such as SOFR-based yield curves, swap rates, and credit ratings (Level 2 measurements). The Company’s financial instruments also include cash and cash equivalents, accounts receivable, accounts payable, content related payables, other accrued liabilities, other liabilities, and borrowings under the Revolving Credit Facility, if any. The carrying values of these financial instruments approximated the fair values at June 30, 2024 and March 31, 2024.

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended
	Jun. 30, 2024
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests Redeemable Noncontrolling Interests Redeemable noncontrolling interests (included in temporary equity on the consolidated balance sheets) primarily relate to 3 Arts Entertainment and Pilgrim Media Group, as further described below. Redeemable noncontrolling interests are measured at the greater of (i) the redemption amount that would be paid if settlement occurred at the balance sheet date less the amount attributed to unamortized noncontrolling interest discount if applicable, or (ii) the historical value resulting from the original acquisition date value plus or minus any earnings or loss attribution, plus the amount of amortized noncontrolling interest discount, less the amount of cash distributions that are not accounted for as compensation, if any. The amount of the redemption value in excess of the historical values of the noncontrolling interest, if any, is recognized as an increase to redeemable noncontrolling interest and a charge to retained earnings or accumulated deficit. The table below presents the reconciliation of changes in redeemable noncontrolling interests: Three Months Ended June 30, 2024 2023 (Amounts in millions) Beginning balance $ 123.3 $ 343.6 Net loss attributable to redeemable noncontrolling interests (0.5) (1.2) Adjustments to redemption value 0.3 6.0 Cash distributions (0.1) (0.6) Purchase of noncontrolling interest — (0.6) Ending balance $ 123.0 $ 347.2 3 Arts Entertainment. During the fourth quarter of the year ended March 31, 2024 (in January 2024), the Company closed on the acquisition of an additional 25% of 3 Arts Entertainment representing approximately half of the noncontrolling interest for $194.1 million. In addition, the Company purchased certain profit interests held by certain managers and entered into certain option rights agreements, which replaced the put and call rights under the previous arrangement by providing noncontrolling interest holders the right to sell to the Company and the Company the right to purchase their remaining (24%) interest beginning in January 2027. At the completion of the purchase, a portion of the noncontrolling interest continued to be considered compensatory, as it was subject to forfeiture provisions upon termination of employment under certain circumstances, and the remaining portion represented the noncontrolling interest holders' fully vested equity interest. Under the new arrangement, the holders' right to sell their interest to the Company, and the Company's right to purchase the noncontrolling interest, are based on a formula-based amount (i.e., a fixed EBITDA multiple), subject to a minimum purchase price, rather than being based on fair value. Since the redemption features described above were based on a formula using a fixed multiple, the compensatory portion of the noncontrolling interest is now considered a liability award, and as a result, during the fourth quarter of fiscal 2024, approximately $93.2 million was reclassified from mezzanine equity to a liability, and is reflected in "other liabilities - non-current" in the consolidated balance sheet at March 31, 2024 and June 30, 2024. The redeemable noncontrolling interest balance related to 3 Arts Entertainment reflects the fully vested equity portion of the noncontrolling interest, which remains classified as redeemable noncontrolling interest outside of shareholders' equity on the Company's consolidated balance sheets due to the purchase and sale rights beginning in 2027 which were determined to be embedded in the noncontrolling interest, and are outside the control of the Company. The redeemable noncontrolling interest is being adjusted to its redemption value through accumulated deficit through the sale or purchase right date in January 2027. Subsequent to the January 2024 transactions noted above, changes in the carrying value of the redeemable noncontrolling interest are reflected in the calculation of basic and diluted net income or loss per common share attributable to Lions Gate Entertainment Corp. shareholders, if dilutive, or to the extent the adjustments represent recoveries of amounts previously reflected in the computation of basic and diluted net income or loss per common share attributable to Lions Gate Entertainment Corp. shareholders (see Note 11). The liability component of the noncontrolling interest is reflected at its estimated redemption value, with any changes in estimated redemption value recognized as a charge or benefit in general and administrative expense in the consolidated statements of operations over the vesting period (i.e., the period from January 2, 2024 to the sale or purchase right date in January 2027). Earned distributions continue to be accounted for as compensation since such amounts are allocated to the holders based on performance, and are being expensed within general and administrative expense as incurred. Pilgrim Media Group. As of June 30, 2024, the Company had a remaining redeemable noncontrolling interest representing 12.5% of Pilgrim Media Group. As of June 30, 2024, the noncontrolling interest holder had a right to put and the Company had a right to call the noncontrolling interest at fair value, subject to a cap, exercisable for thirty (30) days beginning November 12, 2024, as amended. The put and call options were determined to be embedded in the noncontrolling interest, and because the put rights were outside the control of the Company, the noncontrolling interest holder's interest is presented as redeemable noncontrolling interest outside of shareholders' equity on the Company's consolidated balance sheets. Other. The Company has other immaterial redeemable noncontrolling interests. Other Noncontrolling Interests The Company has other noncontrolling interests that are not redeemable, which are classified in shareholder's equity on the Company's consolidated balance sheets. These noncontrolling interests include: Lionsgate Studios. In connection with the Business Combination discussed in Note 2, on May 13, 2024, the Company recorded a noncontrolling interest representing approximately 12.2% of Lionsgate Studios amounting to a reduction of noncontrolling interest in shareholders' equity (deficit) of $95.6 million, due to the negative carrying value of Lionsgate Studios at May 13, 2024, partially offset by an amount allocated to certain options. See Note 2 for further information. Other. In connection with the Company's investment in CP LG and acquisition of the acquired library and related assets and liabilities discussed in Note 2, on June 5, 2024, the Company recorded a noncontrolling interest representing approximately 49% of CP LG amounting to $34.5 million. See Note 2 for further information.

Revenue

Revenue	3 Months Ended
	Jun. 30, 2024
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 marketplaces. 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 months ended June 30, 2024 and 2023. The Motion Picture and Television Production segments include the revenues of eOne from the acquisition date of December 27, 2023 (see Note 2). Three Months Ended June 30, 2024 2023 (Amounts in millions) Revenue by Type: Motion Picture Theatrical $ 36.0 $ 65.9 Home Entertainment Digital Media 140.1 174.1 Packaged Media 9.2 25.9 Total Home Entertainment 149.3 200.0 Television 88.0 48.5 International 68.3 81.0 Other 5.7 11.1 Total Motion Picture revenues 347.3 406.5 Television Production Television 160.2 150.0 International 35.5 31.9 Home Entertainment Digital Media 18.9 11.8 Packaged Media 0.9 0.4 Total Home Entertainment 19.8 12.2 Other 25.6 24.4 Total Television Production revenues 241.1 218.5 Media Networks - Programming Revenues Domestic (1) 345.3 341.6 International 4.8 39.5 350.1 381.1 Intersegment eliminations (103.8) (97.5) Total revenues $ 834.7 $ 908.6 (1) During the quarter ended June 30, 2024, the Company changed the presentation of Media Networks programming revenues to reflect revenues from Canada in the "Domestic" line item above in order to be consistent with how management is now reviewing the Media Networks segment. Revenues from Canada of $4.2 million for the three months ended June 30, 2023 were reclassified to "Domestic" from "International" in the table above to conform to the current period presentation. Remaining performance obligations represent deferred revenue on the balance sheet plus fixed fee or minimum guarantee contracts where the revenue will be recognized and the cash received in the future (i.e., backlog). Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at June 30, 2024 are as follows: Rest of Year Ending March 31, 2025 Year Ending March 31, 2026 2027 Thereafter Total (Amounts in millions) Remaining Performance Obligations $ 1,041.2 $ 661.2 $ 72.3 $ 57.1 $ 1,831.8 The above table does not include estimates of variable consideration for transactions involving sales or usage-based royalties in exchange for licenses of intellectual property. The revenues included in the above table include all fixed fee contracts regardless of duration. Revenues of $89.3 million including variable and fixed fee arrangements, were recognized during the three months ended June 30, 2024 from performance obligations satisfied prior to March 31, 2024. 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 June 30, 2024 and March 31, 2024. 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, 2024 (Benefit) provision for doubtful accounts Other (1) Uncollectible accounts written-off June 30, 2024 (Amounts in millions) Provision for doubtful accounts $ 7.2 $ (0.5) 2.5 $ (0.2) $ 9.0 ______________________ (1) Represents a measurement period adjustment to the provision for doubtful accounts acquired in the acquisition of eOne (see Note 2). 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 June 30, 2024 and March 31, 2024. 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 $97.1 million were recognized during the three months ended June 30, 2024 related to the balance of deferred revenue at March 31, 2024.

Net Loss Per Share

Net Loss Per Share	3 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share Basic net loss per share is calculated based on the weighted average common shares outstanding for the period. Basic and diluted net loss per share for the three months ended June 30, 2024 and 2023 is presented below: Three Months Ended June 30, 2024 2023 (Amounts in millions, except per share amounts) Basic and Diluted Net Loss Per Common Share: Numerator: Net loss attributable to Lions Gate Entertainment Corp. shareholders $ (59.4) $ (70.7) Accretion of redeemable noncontrolling interest (0.3) — Net loss attributable to Lions Gate Entertainment Corp. shareholders after accretion of redeemable noncontrolling interest $ (59.7) $ (70.7) Denominator: Weighted average common shares outstanding 235.6 230.2 Basic and diluted net loss per common share $ (0.25) $ (0.31) As a result of the net loss in the three months ended June 30, 2024 and 2023, 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 three months ended June 30, 2024 and 2023 totaled 4.8 million and 5.6 million, respectively. Additionally, for the three months ended June 30, 2024 and 2023, the outstanding common shares issuable presented below were excluded from diluted net loss per common share because their inclusion would have had an anti-dilutive effect regardless of net income or loss in the period. Three Months Ended June 30, 2024 2023 (Amounts in millions) Anti-dilutive shares issuable Share purchase options 13.8 17.0 Restricted share units — 0.2 Other issuable shares 3.8 3.8 Total weighted average anti-dilutive shares issuable excluded from diluted net income (loss) per common share 17.6 21.0

Capital Stock

Capital Stock	3 Months Ended
	Jun. 30, 2024
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 June 30, 2024 and March 31, 2024. The table below outlines common shares reserved for future issuance: June 30, March 31, (Amounts in millions) Stock options and share appreciation rights (SARs) outstanding 18.7 20.7 Restricted share units and restricted stock — unvested 12.7 13.4 Common shares available for future issuance 17.5 15.4 Shares reserved for future issuance 48.9 49.5 (b) Share-based Compensation The Company recognized the following share-based compensation expense during the three months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Compensation Expense: Stock options $ 0.2 $ 0.9 Restricted share units and other share-based compensation 17.7 14.3 Share appreciation rights 0.2 0.7 18.1 15.9 Impact of accelerated vesting on equity awards (1) — 0.5 Total share-based compensation expense $ 18.1 $ 16.4 ___________________ (1) Represents the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements. Share-based compensation expense, by expense category, consisted of the following: Three Months Ended June 30, 2024 2023 (Amounts in millions) Share-Based Compensation Expense: Direct operating $ 0.7 $ 0.4 Distribution and marketing 0.2 0.2 General and administration 17.2 15.3 Restructuring and other — 0.5 $ 18.1 $ 16.4 The following table sets forth the stock option, SARs, restricted stock and restricted share unit activity during the three months ended June 30, 2024: 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, 2024 2.4 $22.96 18.3 $13.73 0.1 $9.27 13.3 $8.71 Granted — — — — — — 0.2 $7.95 Options exercised or restricted stock or RSUs vested — — — (1) $7.13 — — (0.8) $9.11 Forfeited or expired — (1) $11.71 (2.0) $14.55 — — (0.1) $8.46 Outstanding at June 30, 2024 2.4 $23.00 16.3 $13.64 0.1 $9.27 12.6 $8.68 __________________ (1) Represents less than 0.1 million shares. (c) Share Repurchases

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The income tax provision for the three months ended June 30, 2024 and 2023 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 income tax rate applied to income (loss) before taxes due to the mix of earnings generated across the various jurisdictions in which operations are conducted, in addition to the tax deductions generated through the Company's capital structure. The Company's income tax provision for the three months ended June 30, 2024 and 2023 was impacted by changes in the valuation allowances against certain U.S. and foreign deferred tax assets, certain minimum taxes and foreign withholding taxes. The Company's income tax provision for the three months ended June 30, 2024 and 2023 also benefited from 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 months ended June 30, 2024 was also impacted by additional deferred tax expense as a result of the Separation that occurred during the quarter.

Restructuring and Other

Restructuring and Other	3 Months Ended
	Jun. 30, 2024
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 months ended June 30, 2024 and 2023, the Company also incurred certain other unusual charges or benefits, which are included in direct operating expense in the consolidated statements of operations and are described below. The following table sets forth restructuring and other and these other unusual charges or benefits and the statement of operations line items they are included in for the three months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Restructuring and other: Content and other impairments (1) $ 19.9 $ 28.0 Severance (2) Cash 3.1 4.3 Accelerated vesting on equity awards (see Note 12) — 0.5 Total severance costs 3.1 4.8 Transaction and other costs (benefits) (3) (0.5) (0.8) Total Restructuring and Other 22.5 32.0 Other unusual charges not included in restructuring and other or the Company's operating segments: COVID-19 related charges (benefit) included in direct operating expense (4) (3.1) 0.2 Unallocated rent cost included in direct operating expense (5) 5.2 — Total restructuring and other and other unusual charges not included in restructuring and other $ 24.6 $ 32.2 _______________________ (1) Media Networks Restructuring: During fiscal 2024, the Company continued executing its restructuring plan, which included exiting all international territories except for Canada and India, and included an evaluation of the programming on Starz's domestic and international platforms. Other Impairments: Amounts in the three months ended June 30, 2024 also include impairments of certain operating lease right-of-use and leasehold improvement assets related to the Television Production segment amounting to $18.0 million associated with facility leases that will no longer be utilized by the Company, primarily related to the integration of eOne. (2) Severance costs were primarily related to restructuring, acquisition integration activities and other cost-saving initiatives. (3) Transaction and other costs in the three months ended June 30, 2024 and 2023 reflect transaction, integration and legal costs associated with certain strategic transactions, and restructuring activities and also include costs and benefits associated with legal and other matters. In the three months ended June 30, 2024 and 2023, transaction and other costs also includes a benefit of $7.1 million and $3.8 million, respectively, associated with an arrangement to migrate subscribers in some of the exited territories to a third-party in connection with the Starz international restructuring. (4) Amounts include incremental costs incurred, if any, due to circumstances associated with the COVID-19 global pandemic, net of insurance recoveries of $3.2 million in the three months ended June 30, 2024 (three months ended June 30, 2023 - immaterial insurance recoveries). In the three months ended June 30, 2024, insurance recoveries exceeded the incremental costs expensed in the period, resulting in a net benefit included in direct operating expense. (5) Amounts represent rent cost for production facilities that were unutilized as a result of the industry strikes, and therefore such amounts are not allocated to the segments. Changes in the restructuring and other severance liability were as follows for the three months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Severance liability Beginning balance $ 23.6 $ 8.7 Accruals 3.1 4.3 Severance payments (10.0) (8.2) Ending balance (1) $ 16.7 $ 4.8 _______________________ (1)

Segment Information

Segment Information	3 Months Ended
	Jun. 30, 2024
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. The Company refers to its Motion Picture and Television Production segments collectively as the 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, on a direct-to-consumer basis through the Starz App, and through U.S. and Canada multichannel video programming distributors ("MVPDs") including cable operators, satellite television providers and telecommunication companies (collectively, "Distributors"); and (ii) Other, which represents revenues primarily from the OTT distribution of the Company's STARZ branded premium subscription video services outside of the U.S. and Canada. 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. The Motion Picture and Television Production segments include the results of operations of eOne from the acquisition date of December 27, 2023 (see Note 2). Three Months Ended June 30, 2024 2023 (Amounts in millions) Segment revenues Studio Business: Motion Picture $ 347.3 $ 406.5 Television Production 241.1 218.5 Total Studio Business 588.4 625.0 Media Networks 350.1 381.1 Intersegment eliminations (103.8) (97.5) $ 834.7 $ 908.6 Intersegment revenues Studio Business: Motion Picture $ 64.2 $ 16.5 Television Production 39.6 81.0 Total Studio Business 103.8 97.5 Media Networks — — $ 103.8 $ 97.5 Gross contribution Studio Business: Motion Picture $ 114.6 $ 98.6 Television Production 28.6 35.6 Total Studio Business 143.2 134.2 Media Networks 78.0 57.7 Intersegment eliminations (11.3) (7.9) $ 209.9 $ 184.0 Segment general and administration Studio Business: Motion Picture $ 28.5 $ 29.4 Television Production 17.9 12.7 Total Studio Business 46.4 42.1 Media Networks 20.5 25.8 $ 66.9 $ 67.9 Segment profit Studio Business: Motion Picture $ 86.1 $ 69.2 Television Production 10.7 22.9 Total Studio Business 96.8 92.1 Media Networks 57.5 31.9 Intersegment eliminations (11.3) (7.9) $ 143.0 $ 116.1 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, 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 loss before income taxes is as follows: Three Months Ended June 30, 2024 2023 (Amounts in millions) Company’s total segment profit $ 143.0 $ 116.1 Corporate general and administrative expenses (1) (33.3) (30.4) Adjusted depreciation and amortization (2) (8.5) (10.0) Restructuring and other (22.5) (32.0) COVID-19 related benefit (charges) included in direct operating expense (3) 3.1 (0.2) Unallocated rent cost included in direct operating expense (4) (5.2) — Adjusted share-based compensation expense (5) (18.1) (15.9) Purchase accounting and related adjustments (6) (39.7) (44.4) Operating income (loss) 18.8 (16.8) Interest expense (68.8) (62.0) Interest and other income 5.1 1.9 Other expense (3.1) (5.7) Gain (loss) on extinguishment of debt (5.9) 21.2 Equity interests income (loss) 0.9 (0.3) Loss before income taxes $ (53.0) $ (61.7) ___________________ (1) Corporate general and administrative expenses include certain corporate executive expense (such as salaries and wages for the office of the Chief Executive Officer, Chief Financial Officer, General Counsel and other corporate officers), investor relations costs, costs of maintaining corporate facilities, and other unallocated common administrative support functions, including corporate accounting, finance and financial reporting, internal and external audit and tax costs, corporate and other legal support functions, and certain information technology and human resources expense. (2) Adjusted depreciation and amortization represents depreciation and amortization as presented on 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 acquisitions which are included in the purchase accounting and related adjustments line item above, as shown in the table below: Three Months Ended June 30, 2024 2023 (Amounts in millions) Depreciation and amortization $ 46.1 $ 44.4 Less: Amount included in purchase accounting and related adjustments (37.6) (34.4) Adjusted depreciation and amortization $ 8.5 $ 10.0 (3) Amounts represent the incremental costs, if any, included in direct operating expense resulting from circumstances associated with the COVID-19 global pandemic, net of insurance recoveries (see Note 14). These benefits (charges) are excluded from segment operating results. (4) Amounts represent rent cost for production facilities that were unutilized as a result of the industry strikes, and therefore such amounts are not allocated to the segments. (5) The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: Three Months Ended June 30, 2024 2023 (Amounts in millions) Total share-based compensation expense $ 18.1 $ 16.4 Less: Amount included in restructuring and other (i) — (0.5) Adjusted share-based compensation $ 18.1 $ 15.9 (i) Represents share-based compensation expense included in restructuring and other expenses reflecting the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements. (6) Purchase accounting and related adjustments primarily represent the amortization of non-cash fair value adjustments to certain assets acquired in acquisitions. The following sets forth the amounts included in each line item in the financial statements: Three Months Ended June 30, 2024 2023 (Amounts in millions) Purchase accounting and related adjustments: General and administrative expense (i) $ 2.1 $ 10.0 Depreciation and amortization 37.6 34.4 $ 39.7 $ 44.4 (i) These adjustments include the expense associated with the noncontrolling equity interests in the distributable earnings related to 3 Arts Entertainment, and the amortization of the recoupable portion of the purchase price (through May 2023) related to 3 Arts Entertainment, all of which are accounted for as compensation and are included in general and administrative expense, as presented in the table below. The noncontrolling equity interest in the distributable earnings of 3 Arts Entertainment are reflected as an expense rather than noncontrolling interest in the unaudited condensed consolidated statement of operations due to the relationship to continued employment. Three Months Ended June 30, 2024 2023 (Amounts in millions) Amortization of recoupable portion of the purchase price $ — $ 1.3 Noncontrolling equity interest in distributable earnings 2.1 8.7 $ 2.1 $ 10.0 See Note 10 for revenues by media or product line as broken down by segment for the three months ended June 30, 2024 and 2023. The following table reconciles segment general and administration expense to the Company's total consolidated general and administration expense: Three Months Ended June 30, 2024 2023 (Amounts in millions) General and administration Segment general and administrative expenses $ 66.9 $ 67.9 Corporate general and administrative expenses 33.3 30.4 Share-based compensation expense included in general and administrative expense 17.2 15.3 Purchase accounting and related adjustments 2.1 10.0 $ 119.5 $ 123.6 The reconciliation of total segment assets to the Company’s total consolidated assets is as follows: June 30, March 31, (Amounts in millions) Assets Motion Picture $ 2,051.2 $ 1,851.4 Television Production 2,419.4 2,347.8 Media Networks 2,102.5 2,036.7 Other unallocated assets (1) 649.1 856.8 $ 7,222.2 $ 7,092.7 _____________________ (1) Other unallocated assets primarily consist of cash, other assets and investments.

Contingencies

Contingencies	3 Months Ended
	Jun. 30, 2024
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 June 30, 2024, the Company is not a party to any material pending claims or legal proceeding and is not aware of any other claims that it believes could, individually or in the aggregate, have a material adverse effect on the Company's financial position, results of operations or cash flows.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Jun. 30, 2024
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 June 30, 2024, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 22 months from June 30, 2024): June 30, 2024 Foreign Currency Foreign Currency Amount US Dollar Amount Weighted Average Exchange Rate Per $1 USD (Amounts in millions) (Amounts in millions) British Pound Sterling 2.2 GBP in exchange for $2.9 0.78 GBP Czech Koruna 180.0 CZK in exchange for $7.7 23.29 CZK Euro 9.6 EUR in exchange for $9.2 0.96 EUR Canadian Dollar 9.8 CAD in exchange for $7.3 1.34 CAD Mexican Peso 18.7 MXN in exchange for $0.9 20.70 MXN Hungarian Forint 4,571.3 HUF in exchange for $12.6 370.84 HUF New Zealand Dollar 43.6 NZD in exchange for $26.7 1.64 NZD Interest Rate Swaps The Company is exposed to the impact of interest rate changes primarily through its borrowing activities. The Company’s objective is to mitigate the impact of interest rate changes on earnings and cash flows. The Company primarily uses pay-fixed 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. Designated Cash Flow Hedges. As of June 30, 2024 and March 31, 2024, the Company had the following pay-fixed interest rate swaps, which have been designated as cash flow hedges outstanding (all related to the Company's SOFR-based debt, see Note 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 June 25, 2018 $200.0 2.723% March 23, 2025 July 31, 2018 $300.0 2.885% March 23, 2025 December 24, 2018 $50.0 2.744% March 23, 2025 December 24, 2018 $100.0 2.808% March 23, 2025 December 24, 2018 $50.0 2.728% March 23, 2025 Total $1,700.0 Financial Statement Effect of Derivatives Unaudited condensed consolidated statements of operations and comprehensive 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 loss for the three months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts Gain (loss) recognized in accumulated other comprehensive income (loss) $ 0.2 $ (2.5) Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense $ (1.0) $ 0.4 Interest rate swaps Gain recognized in accumulated other comprehensive income (loss) $ 3.5 $ 27.1 Gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense $ 10.9 $ 9.1 Derivatives not designated as cash flow hedges: Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) into interest expense $ (1.6) $ (1.9) Total direct operating expense on consolidated statements of operations $ 429.2 $ 481.2 Total interest expense on consolidated statements of operations $ 68.8 $ 62.0 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). 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 June 30, 2024 and March 31, 2024, there were no swaps outstanding that were subject to a master netting arrangement. As of June 30, 2024 and March 31, 2024, the Company had the following amounts recorded in the accompanying unaudited condensed consolidated balance sheets related to the Company's use of derivatives: June 30, 2024 Other Current Assets Other Accrued Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ — $ 1.6 Interest rate swaps 28.1 — Fair value of derivatives $ 28.1 $ 1.6 March 31, 2024 Other Current Assets Other Accrued Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ — $ 2.8 Interest rate swaps 35.6 — Fair value of derivatives $ 35.6 $ 2.8 As of June 30, 2024, based on the current release schedule, the Company estimates approximately $4.1 million of gains associated with forward foreign exchange contract cash flow hedges in accumulated other comprehensive income (loss) will be reclassified into earnings during the one-year period ending June 30, 2025.

Additional Financial Informatio

Additional Financial Information	3 Months Ended
	Jun. 30, 2024
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 sheets to the total amounts reported in the unaudited condensed consolidated statements of cash flows at June 30, 2024 and March 31, 2024. At June 30, 2024 and March 31, 2024, restricted cash represents primarily amounts related to required cash reserves for interest payments associated with the Production Tax Credit Facility, IP Credit Facility, and Backlog Facility. June 30, March 31, (Amounts in millions) Cash and cash equivalents $ 192.5 $ 314.0 Restricted cash included in other current assets 36.6 43.7 Restricted cash included in other non-current assets 12.8 13.7 Total cash, cash equivalents and restricted cash $ 241.9 $ 371.4 Other Assets The composition of the Company’s other assets is as follows as of June 30, 2024 and March 31, 2024: June 30, March 31, (Amounts in millions) Other current assets Prepaid expenses and other $ 59.7 $ 58.2 Restricted cash 36.6 43.7 Contract assets 54.1 59.9 Interest rate swap assets 28.1 35.6 Tax credits receivable 218.4 199.1 $ 396.9 $ 396.5 Other non-current assets Prepaid expenses and other $ 16.7 $ 21.6 Restricted cash 12.8 13.7 Accounts receivable 82.6 111.7 Contract assets 4.0 3.2 Tax credits receivable 356.5 361.7 Operating lease right-of-use assets 361.0 388.8 $ 833.6 $ 900.7 Accounts Receivable Monetization Under the Company's accounts receivable monetization programs, the Company has entered into (1) individual agreements to monetize certain of its trade accounts receivable directly with third-party purchasers and (2) a revolving agreement to monetize designated pools of trade accounts receivable with various financial institutions, as further described below. Under these programs, the Company transfers receivables to purchasers in exchange for cash proceeds, and the Company continues to service the receivables for the purchasers. The Company accounts for the transfers of these receivables as a sale, removes (derecognizes) the carrying amount of the receivables from its balance sheets and classifies the proceeds received as cash flows from operating activities in the statements of cash flows. The Company records a loss on the sale of these receivables reflecting the net proceeds received (net of any obligations incurred), less the carrying amount of the receivables transferred. The loss is reflected in the "other expense" line item on the unaudited condensed consolidated statements of operations. The Company receives fees for servicing the accounts receivable for the purchasers, which represent the fair value of the services and were immaterial for the three months ended June 30, 2024 and 2023. Individual Monetization Agreements. 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 months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Carrying value of receivables transferred and derecognized $ 313.7 $ 341.3 Net cash proceeds received 308.6 336.6 Loss recorded related to transfers of receivables 5.1 4.7 At June 30, 2024, the outstanding amount of receivables derecognized from the Company's unaudited condensed consolidated balance sheets, but which the Company continues to service, related to the Company's individual agreements to monetize trade accounts receivable was $557.4 million (March 31, 2024 - $613.4 million). Pooled Monetization Agreement. In December 2019, the Company entered into a revolving agreement, as amended in July 2023, to transfer up to $100.0 million of certain receivables to various financial institutions on a recurring basis in exchange for cash equal to the gross receivables transferred, which matured on October 1, 2023. As customers paid their balances, the Company would transfer additional receivables into the program. The transferred receivables were fully guaranteed by a bankruptcy-remote wholly-owned subsidiary of the Company. The third-party purchasers had 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 months ended June 30, 2023: Three Months Ended June 30, 2023 (Amounts in millions) Gross cash proceeds received for receivables transferred and derecognized $ 5.8 Less amounts from collections reinvested under revolving agreement (2.9) Proceeds from new transfers 2.9 Collections not reinvested and remitted or to be remitted 0.5 Net cash proceeds received (paid or to be paid) $ 3.4 Carrying value of receivables transferred and derecognized (1) $ 5.8 Obligations recorded $ 1.1 Loss recorded related to transfers of receivables $ 1.0 ___________________ (1) Receivables net of unamortized discounts on long-term, non-interest bearing receivables. At June 30, 2024 and March 31, 2024, there were no outstanding receivables derecognized from the Company's unaudited condensed consolidated balance sheet, for which the Company continues to service, related to the pooled monetization agreement. Content related payables Content related payables include minimum guarantees and accrued licensed program rights obligations, which represent amounts payable for film or television rights that the Company has acquired or licensed. Other Accrued Liabilities Other accrued liabilities include employee related liabilities (such as accrued bonuses and salaries and wages) of $139.6 million and $147.4 million at June 30, 2024 and March 31, 2024, respectively. Accumulated Other Comprehensive Income The following table summarizes the changes in the components of accumulated other comprehensive income, net of tax. During the three months ended June 30, 2024 and 2023, there was no income tax expense or benefit reflected in other comprehensive income due to the income tax impact being offset by changes in the Company’s deferred tax valuation allowance. Foreign currency translation adjustments Net unrealized gain (loss) on cash flow hedges Total (Amounts in millions) March 31, 2024 $ (22.7) $ 138.7 $ 116.0 Other comprehensive income (loss) (2.9) 3.7 0.8 Reclassifications to net loss (1) — (8.3) (8.3) Reclassifications to noncontrolling interest (2) 3.6 (19.0) (15.4) June 30, 2024 $ (22.0) $ 115.1 $ 93.1 March 31, 2023 $ (21.6) $ 142.5 $ 120.9 Other comprehensive income (loss) 0.8 24.5 25.3 Reclassifications to net loss (1) — (7.6) (7.6) June 30, 2023 $ (20.8) $ 159.4 $ 138.6 ___________________ (1) Represents a loss of $1.0 million included in direct operating expense and a gain of $9.3 million included in interest expense on the unaudited condensed consolidated statement of operations in the three months ended June 30, 2024 (three months ended June 30, 2023 - gain of $0.4 million included in direct operating expense and a gain of $7.2 million included in interest expense) (see Note 17). (2) Represents amounts reclassified in connection with the noncontrolling interest recorded for the proportionate ownership interest in the carrying value of Lionsgate Studios (see Note 2). Supplemental Cash Flow Information Significant non-cash transactions during the three months ended June 30, 2024 and 2023 include certain interest rate swap agreements, which are discussed in Note 17, "Derivative Instruments and Hedging Activities".

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events eOne IP Credit Facility.

General (Policies)

General (Policies)	3 Months Ended
	Jun. 30, 2024
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 months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2025. The balance sheet at March 31, 2024 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, 2024.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the financial statements relate to ultimate revenue and costs used for the amortization of investment in films and television programs; estimates 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 and assets 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.
Net Income (Loss) Per Share	Basic net loss per share is calculated based on the weighted average common shares outstanding for the period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Segment Reporting: In November 2023, the Financial Accounting Standards Board (“FASB”) issued guidance which expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. This guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and therefore will be effective beginning with the Company’s financial statements issued for the fiscal year ending March 31, 2025 and subsequent interim periods, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance on its consolidated financial statements and disclosures. Income Taxes: In December 2023, the FASB issued guidance which expands income tax disclosures by requiring public business entities, on an annual basis, to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. Additionally, this guidance requires all entities disaggregate disclosures by jurisdiction on the amount of income taxes paid (net of refunds received), income or loss from continuing operations before income tax expense (or benefit) and income tax expense (or benefit) from continuing operations. This guidance is effective for fiscal years beginning after December 15, 2024, and therefore will be effective beginning with the Company’s financial statements issued for the fiscal year ending March 31, 2026 with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance on its consolidated financial statements and disclosures.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule Reconciling Proceeds of Business Combination	The following table reconciles the gross proceeds to the net proceeds reflected in the consolidated statement of cash flows and the consolidated statement of equity (deficit): (Amounts in millions) Total gross cash proceeds $ 330.0 Less: SEAC warrant exchange payment (1) (12.5) Less: Transaction costs (34.8) Net proceeds from the sale of noncontrolling interest in Lionsgate Studios Corp. per the condensed consolidated statement of equity (deficit) 282.7 Add: Transaction costs accrued and not paid, net of transaction costs previously paid 11.3 Net cash proceeds from the sale of noncontrolling interest in Lionsgate Studios per the condensed consolidated statement of cash flows $ 294.0 ______________ (1) Prior to the Closing, each of the then issued and outstanding whole warrants of SEAC, sold as part of SEAC’s initial public offering (the “SEAC Public Warrants”) was automatically exchanged for $0.50 in cash pursuant to the terms of an amendment to the agreement governing the SEAC Public Warrants. As of the Closing, no SEAC Public Warrants were outstanding.
Schedule of Purchase Price Allocation to Tangible and Intangible Assets Acquired and Liabilities Assumed	The preliminary allocation of the purchase price to the assets acquired and liabilities assumed (including measurement period adjustments recorded through June 30, 2024, see Note 5), and a reconciliation to total consideration transferred is presented in the table below: (Amounts in millions) Cash and cash equivalents $ 54.1 Accounts receivable 294.6 Investment in films and television programs 371.8 Property and equipment 14.0 Intangible assets 4.0 Other assets (1) 171.8 Accounts payable and accrued liabilities (66.7) Content related payable (38.8) Participations and residuals (1) (199.6) Film related obligations (1) (105.8) Other liabilities and deferred revenue (1) (130.9) Preliminary fair value of net assets acquired 368.5 Goodwill 16.6 Preliminary purchase price consideration at June 30, 2024 (2) $ 385.1 ______________ (1) Includes current and non-current amounts. (2) The preliminary purchase price consideration excludes amounts related to the settlement of the final purchase price subsequent to June 30, 2024, as disclosed above.
Pro Forma Statement of Operations Information	The following unaudited pro forma condensed consolidated statement of operations information presented below illustrates the results of operations of the Company as if the acquisition of eOne as described above occurred on April 1, 2023. The unaudited pro forma condensed consolidated financial information is presented for informational purposes and is not indicative of the results of operations that would have been achieved if the acquisition had occurred on April 1, 2023, nor is it indicative of future results. The statement of operations information below includes the statement of operations of eOne for the three months ended June 30, 2023 combined with the Company's statement of operations for the three months ended June 30, 2023. Three Months Ended June 30, 2023 (Amounts in millions) Revenues $ 1,051.0 Net loss attributable to Lions Gate Entertainment Corp. shareholders $ (361.3)

Investment In Films and Telev_2

Investment In Films and Television Programs and Licensed Program Rights (Tables)	3 Months Ended
	Jun. 30, 2024
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: June 30, March 31, (Amounts in millions) Investment in Films and Television Programs: Individual Monetization Released, net of accumulated amortization $ 863.6 $ 878.3 Completed and not released 301.9 225.4 In progress 681.2 469.2 In development 65.5 65.7 1,912.2 1,638.6 Film Group Monetization Released, net of accumulated amortization 539.5 497.1 Completed and not released 94.7 170.1 In progress 362.0 179.0 In development 4.8 4.3 1,001.0 850.5 Licensed program rights, net of accumulated amortization 302.4 273.1 Investment in films and television programs and licensed program rights, net $ 3,215.6 $ 2,762.2
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, and was included in direct operating expense in the unaudited condensed consolidated statements of operations: Three Months Ended June 30, 2024 2023 (Amounts in millions) Amortization expense: Individual monetization $ 162.8 $ 181.1 Film group monetization 76.9 111.2 Licensed program rights 48.0 67.6 $ 287.7 $ 359.9
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 months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Impairments by segment: Included in direct operating expense (1) : Motion Picture $ 0.3 $ 0.2 Impairments not included in segment operating results (2) : Included in restructuring and other 1.9 28.0 $ 2.2 $ 28.2 ________________ (1) Impairments included in direct operating expense are included in the amortization expense amounts reflected in the table above which presents amortization of investment in film and television programs and licensed program rights by predominant monetization strategy. (2) Represents charges related to the Media Networks restructuring plan initiatives. See Note 14 for further information.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Jun. 30, 2024
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: June 30, March 31, (Amounts in millions) Investments in equity method investees $ 71.3 $ 68.4 Other investments 6.4 6.4 $ 77.7 $ 74.8

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Jun. 30, 2024
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, 2024 (1) $ 398.6 $ 412.6 $ — $ 811.2 Measurement period adjustments (2) (3.9) 4.8 — 0.9 Balance as of June 30, 2024 (1) $ 394.7 $ 417.4 $ — $ 812.1 ________________ (1) As of June 30, 2024 and March 31, 2024, accumulated goodwill impairment losses totaled $1.969 billion related to the Media Networks reporting unit. (2) Measurement period adjustments for the acquisition of eOne reflect an increase to goodwill of $0.9 million resulting from a net decrease in estimated fair value of the net assets acquired. The decrease in the estimated fair value of the net assets acquired consisted of a net decrease to accounts receivable of $4.2 million, net increases to content related payables of $3.4 million, and other liabilities of $0.4 million, partially offset by a net increase to other assets of $3.7 million, and decreases to accrued liabilities of $1.1 million and participations and residuals of $2.3 million.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt, Excluding Film Related and Other Obligations	Total debt of the Company, excluding film related obligations, was as follows: June 30, March 31, (Amounts in millions) Corporate debt: Revolving Credit Facility $ 585.0 $ 575.0 Term Loan A 314.4 399.3 Term Loan B 605.1 819.2 5.5% Senior Notes 715.0 715.0 Total corporate debt 2,219.5 2,508.5 Unamortized debt issuance costs (25.0) (28.5) Total debt, net 2,194.5 2,480.0 Less current portion (649.6) (860.3) Non-current portion of debt $ 1,544.9 $ 1,619.7
Gain (Loss) on Extinguishment of Debt	During the three months ended June 30, 2024 and 2023, 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 2024 2023 (Amounts in millions) Gain (Loss) on Extinguishment of Debt: Senior Notes exchange and repurchases (1) $ (4.9) $ 21.2 Term Loan A and B prepayments (1.0) — $ (5.9) $ 21.2 ________________ (1) The

Film Related Obligations (Table

Film Related Obligations (Tables)	3 Months Ended
	Jun. 30, 2024
Film Related Obligations [Abstract]
Components	June 30, March 31, (Amounts in millions) Film related obligations: Production Loans $ 1,306.4 $ 1,292.2 Production Tax Credit Facility 260.0 260.0 Programming Notes 53.8 — Backlog Facility and Other 313.0 287.3 IP Credit Facility 100.6 109.9 Total film related obligations 2,033.8 1,949.4 Unamortized issuance costs (11.4) (11.4) Total film related obligations, net 2,022.4 1,938.0 Less current portion (1,666.0) (1,393.1) Total non-current film related obligations $ 356.4 $ 544.9
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, 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)	3 Months Ended
	Jun. 30, 2024
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 June 30, 2024 and March 31, 2024: June 30, 2024 March 31, 2024 Level 1 Level 2 Total Level 1 Level 2 Total Assets: (Amounts in millions) Interest rate swaps (see Note 17) $ — $ 28.1 $ 28.1 $ — $ 35.6 $ 35.6 Liabilities: Forward exchange contracts (see Note 17) — (1.6) (1.6) — (2.8) (2.8)
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 and film related obligations at June 30, 2024 and March 31, 2024: June 30, 2024 March 31, 2024 (Amounts in millions) Carrying Value Fair Value (1) Carrying Value Fair Value (1) (Level 2) (Level 2) Term Loan A $ 312.6 $ 312.9 $ 396.6 $ 397.3 Term Loan B 603.9 604.3 816.9 818.1 5.5% Senior Notes 697.4 547.9 696.6 536.2 Production Loans 1,301.2 1,306.4 1,286.2 1,292.2 Production Tax Credit Facility 259.1 260.0 258.7 260.0 Programming Notes 53.8 53.8 — — Backlog Facility and Other 309.7 313.0 285.4 287.3 IP Credit Facility 98.5 100.6 107.6 109.9 ________________ (1) The Company measures the fair value of its outstanding debt and interest rate swaps using discounted cash flow techniques that use observable market inputs, such as SOFR-based yield curves, swap rates, and credit ratings (Level 2 measurements).

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	3 Months Ended
	Jun. 30, 2024
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	The table below presents the reconciliation of changes in redeemable noncontrolling interests: Three Months Ended June 30, 2024 2023 (Amounts in millions) Beginning balance $ 123.3 $ 343.6 Net loss attributable to redeemable noncontrolling interests (0.5) (1.2) Adjustments to redemption value 0.3 6.0 Cash distributions (0.1) (0.6) Purchase of noncontrolling interest — (0.6) Ending balance $ 123.0 $ 347.2

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The table below presents revenues by segment, market or product line for the three months ended June 30, 2024 and 2023. The Motion Picture and Television Production segments include the revenues of eOne from the acquisition date of December 27, 2023 (see Note 2). Three Months Ended June 30, 2024 2023 (Amounts in millions) Revenue by Type: Motion Picture Theatrical $ 36.0 $ 65.9 Home Entertainment Digital Media 140.1 174.1 Packaged Media 9.2 25.9 Total Home Entertainment 149.3 200.0 Television 88.0 48.5 International 68.3 81.0 Other 5.7 11.1 Total Motion Picture revenues 347.3 406.5 Television Production Television 160.2 150.0 International 35.5 31.9 Home Entertainment Digital Media 18.9 11.8 Packaged Media 0.9 0.4 Total Home Entertainment 19.8 12.2 Other 25.6 24.4 Total Television Production revenues 241.1 218.5 Media Networks - Programming Revenues Domestic (1) 345.3 341.6 International 4.8 39.5 350.1 381.1 Intersegment eliminations (103.8) (97.5) Total revenues $ 834.7 $ 908.6 (1)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at June 30, 2024 are as follows: Rest of Year Ending March 31, 2025 Year Ending March 31, 2026 2027 Thereafter Total (Amounts in millions) Remaining Performance Obligations $ 1,041.2 $ 661.2 $ 72.3 $ 57.1 $ 1,831.8
Accounts Receivable, Provision for Doubtful Accounts	Changes in the provision for doubtful accounts consisted of the following: March 31, 2024 (Benefit) provision for doubtful accounts Other (1) Uncollectible accounts written-off June 30, 2024 (Amounts in millions) Provision for doubtful accounts $ 7.2 $ (0.5) 2.5 $ (0.2) $ 9.0 ______________________ (1)

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Basic and Diluted Net Loss Per Share	Basic and diluted net loss per share for the three months ended June 30, 2024 and 2023 is presented below: Three Months Ended June 30, 2024 2023 (Amounts in millions, except per share amounts) Basic and Diluted Net Loss Per Common Share: Numerator: Net loss attributable to Lions Gate Entertainment Corp. shareholders $ (59.4) $ (70.7) Accretion of redeemable noncontrolling interest (0.3) — Net loss attributable to Lions Gate Entertainment Corp. shareholders after accretion of redeemable noncontrolling interest $ (59.7) $ (70.7) Denominator: Weighted average common shares outstanding 235.6 230.2 Basic and diluted net loss per common share $ (0.25) $ (0.31)
Anti-dilutive Shares Issuable	Additionally, for the three months ended June 30, 2024 and 2023, the outstanding common shares issuable presented below were excluded from diluted net loss per common share because their inclusion would have had an anti-dilutive effect regardless of net income or loss in the period. Three Months Ended June 30, 2024 2023 (Amounts in millions) Anti-dilutive shares issuable Share purchase options 13.8 17.0 Restricted share units — 0.2 Other issuable shares 3.8 3.8 Total weighted average anti-dilutive shares issuable excluded from diluted net income (loss) per common share 17.6 21.0

Capital Stock (Tables)

Capital Stock (Tables)	3 Months Ended
	Jun. 30, 2024
Equity and Share-based Compensation [Abstract]
Common Shares Reserved For Future Issuance	The table below outlines common shares reserved for future issuance: June 30, March 31, (Amounts in millions) Stock options and share appreciation rights (SARs) outstanding 18.7 20.7 Restricted share units and restricted stock — unvested 12.7 13.4 Common shares available for future issuance 17.5 15.4 Shares reserved for future issuance 48.9 49.5
Share-Based Compensation Expense	The Company recognized the following share-based compensation expense during the three months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Compensation Expense: Stock options $ 0.2 $ 0.9 Restricted share units and other share-based compensation 17.7 14.3 Share appreciation rights 0.2 0.7 18.1 15.9 Impact of accelerated vesting on equity awards (1) — 0.5 Total share-based compensation expense $ 18.1 $ 16.4 ___________________ (1) Represents the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements. Share-based compensation expense, by expense category, consisted of the following: Three Months Ended June 30, 2024 2023 (Amounts in millions) Share-Based Compensation Expense: Direct operating $ 0.7 $ 0.4 Distribution and marketing 0.2 0.2 General and administration 17.2 15.3 Restructuring and other — 0.5 $ 18.1 $ 16.4
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 three months ended June 30, 2024: 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, 2024 2.4 $22.96 18.3 $13.73 0.1 $9.27 13.3 $8.71 Granted — — — — — — 0.2 $7.95 Options exercised or restricted stock or RSUs vested — — — (1) $7.13 — — (0.8) $9.11 Forfeited or expired — (1) $11.71 (2.0) $14.55 — — (0.1) $8.46 Outstanding at June 30, 2024 2.4 $23.00 16.3 $13.64 0.1 $9.27 12.6 $8.68 __________________ (1) Represents less than 0.1 million shares.

Restructuring and Other (Tables

Restructuring and Other (Tables)	3 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Other	During the three months ended June 30, 2024 and 2023, the Company also incurred certain other unusual charges or benefits, which are included in direct operating expense in the consolidated statements of operations and are described below. The following table sets forth restructuring and other and these other unusual charges or benefits and the statement of operations line items they are included in for the three months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Restructuring and other: Content and other impairments (1) $ 19.9 $ 28.0 Severance (2) Cash 3.1 4.3 Accelerated vesting on equity awards (see Note 12) — 0.5 Total severance costs 3.1 4.8 Transaction and other costs (benefits) (3) (0.5) (0.8) Total Restructuring and Other 22.5 32.0 Other unusual charges not included in restructuring and other or the Company's operating segments: COVID-19 related charges (benefit) included in direct operating expense (4) (3.1) 0.2 Unallocated rent cost included in direct operating expense (5) 5.2 — Total restructuring and other and other unusual charges not included in restructuring and other $ 24.6 $ 32.2 _______________________ (1) Media Networks Restructuring: During fiscal 2024, the Company continued executing its restructuring plan, which included exiting all international territories except for Canada and India, and included an evaluation of the programming on Starz's domestic and international platforms. Other Impairments: Amounts in the three months ended June 30, 2024 also include impairments of certain operating lease right-of-use and leasehold improvement assets related to the Television Production segment amounting to $18.0 million associated with facility leases that will no longer be utilized by the Company, primarily related to the integration of eOne. (2) Severance costs were primarily related to restructuring, acquisition integration activities and other cost-saving initiatives. (3) Transaction and other costs in the three months ended June 30, 2024 and 2023 reflect transaction, integration and legal costs associated with certain strategic transactions, and restructuring activities and also include costs and benefits associated with legal and other matters. In the three months ended June 30, 2024 and 2023, transaction and other costs also includes a benefit of $7.1 million and $3.8 million, respectively, associated with an arrangement to migrate subscribers in some of the exited territories to a third-party in connection with the Starz international restructuring. (4) Amounts include incremental costs incurred, if any, due to circumstances associated with the COVID-19 global pandemic, net of insurance recoveries of $3.2 million in the three months ended June 30, 2024 (three months ended June 30, 2023 - immaterial insurance recoveries). In the three months ended June 30, 2024, insurance recoveries exceeded the incremental costs expensed in the period, resulting in a net benefit included in direct operating expense. (5) Amounts represent rent cost for production facilities that were unutilized as a result of the industry strikes, and therefore such amounts are not allocated to the segments. Changes in the restructuring and other severance liability were as follows for the three months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Severance liability Beginning balance $ 23.6 $ 8.7 Accruals 3.1 4.3 Severance payments (10.0) (8.2) Ending balance (1) $ 16.7 $ 4.8 _______________________ (1)

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment information is presented in the table below. The Motion Picture and Television Production segments include the results of operations of eOne from the acquisition date of December 27, 2023 (see Note 2). Three Months Ended June 30, 2024 2023 (Amounts in millions) Segment revenues Studio Business: Motion Picture $ 347.3 $ 406.5 Television Production 241.1 218.5 Total Studio Business 588.4 625.0 Media Networks 350.1 381.1 Intersegment eliminations (103.8) (97.5) $ 834.7 $ 908.6 Intersegment revenues Studio Business: Motion Picture $ 64.2 $ 16.5 Television Production 39.6 81.0 Total Studio Business 103.8 97.5 Media Networks — — $ 103.8 $ 97.5 Gross contribution Studio Business: Motion Picture $ 114.6 $ 98.6 Television Production 28.6 35.6 Total Studio Business 143.2 134.2 Media Networks 78.0 57.7 Intersegment eliminations (11.3) (7.9) $ 209.9 $ 184.0 Segment general and administration Studio Business: Motion Picture $ 28.5 $ 29.4 Television Production 17.9 12.7 Total Studio Business 46.4 42.1 Media Networks 20.5 25.8 $ 66.9 $ 67.9 Segment profit Studio Business: Motion Picture $ 86.1 $ 69.2 Television Production 10.7 22.9 Total Studio Business 96.8 92.1 Media Networks 57.5 31.9 Intersegment eliminations (11.3) (7.9) $ 143.0 $ 116.1
Reconciliation Of Total Segment Profit To The Company's Income (Loss) Before Income Taxes	The reconciliation of total segment profit to the Company’s loss before income taxes is as follows: Three Months Ended June 30, 2024 2023 (Amounts in millions) Company’s total segment profit $ 143.0 $ 116.1 Corporate general and administrative expenses (1) (33.3) (30.4) Adjusted depreciation and amortization (2) (8.5) (10.0) Restructuring and other (22.5) (32.0) COVID-19 related benefit (charges) included in direct operating expense (3) 3.1 (0.2) Unallocated rent cost included in direct operating expense (4) (5.2) — Adjusted share-based compensation expense (5) (18.1) (15.9) Purchase accounting and related adjustments (6) (39.7) (44.4) Operating income (loss) 18.8 (16.8) Interest expense (68.8) (62.0) Interest and other income 5.1 1.9 Other expense (3.1) (5.7) Gain (loss) on extinguishment of debt (5.9) 21.2 Equity interests income (loss) 0.9 (0.3) Loss before income taxes $ (53.0) $ (61.7) ___________________ (1) Corporate general and administrative expenses include certain corporate executive expense (such as salaries and wages for the office of the Chief Executive Officer, Chief Financial Officer, General Counsel and other corporate officers), investor relations costs, costs of maintaining corporate facilities, and other unallocated common administrative support functions, including corporate accounting, finance and financial reporting, internal and external audit and tax costs, corporate and other legal support functions, and certain information technology and human resources expense. (2) Adjusted depreciation and amortization represents depreciation and amortization as presented on 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 acquisitions which are included in the purchase accounting and related adjustments line item above, as shown in the table below: Three Months Ended June 30, 2024 2023 (Amounts in millions) Depreciation and amortization $ 46.1 $ 44.4 Less: Amount included in purchase accounting and related adjustments (37.6) (34.4) Adjusted depreciation and amortization $ 8.5 $ 10.0 (3) Amounts represent the incremental costs, if any, included in direct operating expense resulting from circumstances associated with the COVID-19 global pandemic, net of insurance recoveries (see Note 14). These benefits (charges) are excluded from segment operating results. (4) Amounts represent rent cost for production facilities that were unutilized as a result of the industry strikes, and therefore such amounts are not allocated to the segments. (5) The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: Three Months Ended June 30, 2024 2023 (Amounts in millions) Total share-based compensation expense $ 18.1 $ 16.4 Less: Amount included in restructuring and other (i) — (0.5) Adjusted share-based compensation $ 18.1 $ 15.9 (i) Represents share-based compensation expense included in restructuring and other expenses reflecting the impact of the acceleration of vesting schedules for equity awards pursuant to certain severance arrangements. (6) Purchase accounting and related adjustments primarily represent the amortization of non-cash fair value adjustments to certain assets acquired in acquisitions. The following sets forth the amounts included in each line item in the financial statements: Three Months Ended June 30, 2024 2023 (Amounts in millions) Purchase accounting and related adjustments: General and administrative expense (i) $ 2.1 $ 10.0 Depreciation and amortization 37.6 34.4 $ 39.7 $ 44.4 (i) These adjustments include the expense associated with the noncontrolling equity interests in the distributable earnings related to 3 Arts Entertainment, and the amortization of the recoupable portion of the purchase price (through May 2023) related to 3 Arts Entertainment, all of which are accounted for as compensation and are included in general and administrative expense, as presented in the table below. The noncontrolling equity interest in the distributable earnings of 3 Arts Entertainment are reflected as an expense rather than noncontrolling interest in the unaudited condensed consolidated statement of operations due to the relationship to continued employment. Three Months Ended June 30, 2024 2023 (Amounts in millions) Amortization of recoupable portion of the purchase price $ — $ 1.3 Noncontrolling equity interest in distributable earnings 2.1 8.7 $ 2.1 $ 10.0
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 June 30, 2024 2023 (Amounts in millions) General and administration Segment general and administrative expenses $ 66.9 $ 67.9 Corporate general and administrative expenses 33.3 30.4 Share-based compensation expense included in general and administrative expense 17.2 15.3 Purchase accounting and related adjustments 2.1 10.0 $ 119.5 $ 123.6
Reconciliation of Assets from Segment to Consolidated	The reconciliation of total segment assets to the Company’s total consolidated assets is as follows: June 30, March 31, (Amounts in millions) Assets Motion Picture $ 2,051.2 $ 1,851.4 Television Production 2,419.4 2,347.8 Media Networks 2,102.5 2,036.7 Other unallocated assets (1) 649.1 856.8 $ 7,222.2 $ 7,092.7 _____________________ (1) Other unallocated assets primarily consist of cash, other assets and investments.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments Outstanding	As of June 30, 2024, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 22 months from June 30, 2024): June 30, 2024 Foreign Currency Foreign Currency Amount US Dollar Amount Weighted Average Exchange Rate Per $1 USD (Amounts in millions) (Amounts in millions) British Pound Sterling 2.2 GBP in exchange for $2.9 0.78 GBP Czech Koruna 180.0 CZK in exchange for $7.7 23.29 CZK Euro 9.6 EUR in exchange for $9.2 0.96 EUR Canadian Dollar 9.8 CAD in exchange for $7.3 1.34 CAD Mexican Peso 18.7 MXN in exchange for $0.9 20.70 MXN Hungarian Forint 4,571.3 HUF in exchange for $12.6 370.84 HUF New Zealand Dollar 43.6 NZD in exchange for $26.7 1.64 NZD Designated Cash Flow Hedges. As of June 30, 2024 and March 31, 2024, the Company had the following pay-fixed interest rate swaps, which have been designated as cash flow hedges outstanding (all related to the Company's SOFR-based debt, see Note 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 June 25, 2018 $200.0 2.723% March 23, 2025 July 31, 2018 $300.0 2.885% March 23, 2025 December 24, 2018 $50.0 2.744% March 23, 2025 December 24, 2018 $100.0 2.808% March 23, 2025 December 24, 2018 $50.0 2.728% March 23, 2025 Total $1,700.0
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 loss for the three months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts Gain (loss) recognized in accumulated other comprehensive income (loss) $ 0.2 $ (2.5) Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense $ (1.0) $ 0.4 Interest rate swaps Gain recognized in accumulated other comprehensive income (loss) $ 3.5 $ 27.1 Gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense $ 10.9 $ 9.1 Derivatives not designated as cash flow hedges: Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) into interest expense $ (1.6) $ (1.9) Total direct operating expense on consolidated statements of operations $ 429.2 $ 481.2 Total interest expense on consolidated statements of operations $ 68.8 $ 62.0
Derivative Instruments by Balance Sheet Location	As of June 30, 2024 and March 31, 2024, the Company had the following amounts recorded in the accompanying unaudited condensed consolidated balance sheets related to the Company's use of derivatives: June 30, 2024 Other Current Assets Other Accrued Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ — $ 1.6 Interest rate swaps 28.1 — Fair value of derivatives $ 28.1 $ 1.6 March 31, 2024 Other Current Assets Other Accrued Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ — $ 2.8 Interest rate swaps 35.6 — Fair value of derivatives $ 35.6 $ 2.8

Additional Financial Informat_2

Additional Financial Information (Tables)	3 Months Ended
	Jun. 30, 2024
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 sheets to the total amounts reported in the unaudited condensed consolidated statements of cash flows at June 30, 2024 and March 31, 2024. At June 30, 2024 and March 31, 2024, restricted cash represents primarily amounts related to required cash reserves for interest payments associated with the Production Tax Credit Facility, IP Credit Facility, and Backlog Facility. June 30, March 31, (Amounts in millions) Cash and cash equivalents $ 192.5 $ 314.0 Restricted cash included in other current assets 36.6 43.7 Restricted cash included in other non-current assets 12.8 13.7 Total cash, cash equivalents and restricted cash $ 241.9 $ 371.4
Schedule of Other Assets	The composition of the Company’s other assets is as follows as of June 30, 2024 and March 31, 2024: June 30, March 31, (Amounts in millions) Other current assets Prepaid expenses and other $ 59.7 $ 58.2 Restricted cash 36.6 43.7 Contract assets 54.1 59.9 Interest rate swap assets 28.1 35.6 Tax credits receivable 218.4 199.1 $ 396.9 $ 396.5 Other non-current assets Prepaid expenses and other $ 16.7 $ 21.6 Restricted cash 12.8 13.7 Accounts receivable 82.6 111.7 Contract assets 4.0 3.2 Tax credits receivable 356.5 361.7 Operating lease right-of-use assets 361.0 388.8 $ 833.6 $ 900.7
Summary of Receivables Transferred	The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the three months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 2023 (Amounts in millions) Carrying value of receivables transferred and derecognized $ 313.7 $ 341.3 Net cash proceeds received 308.6 336.6 Loss recorded related to transfers of receivables 5.1 4.7 The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the three months ended June 30, 2023: Three Months Ended June 30, 2023 (Amounts in millions) Gross cash proceeds received for receivables transferred and derecognized $ 5.8 Less amounts from collections reinvested under revolving agreement (2.9) Proceeds from new transfers 2.9 Collections not reinvested and remitted or to be remitted 0.5 Net cash proceeds received (paid or to be paid) $ 3.4 Carrying value of receivables transferred and derecognized (1) $ 5.8 Obligations recorded $ 1.1 Loss recorded related to transfers of receivables $ 1.0 ___________________ (1) Receivables net of unamortized discounts on long-term, non-interest bearing receivables.
Schedule of Accumulated Other Comprehensive Income	The following table summarizes the changes in the components of accumulated other comprehensive income, net of tax. During the three months ended June 30, 2024 and 2023, there was no income tax expense or benefit reflected in other comprehensive income due to the income tax impact being offset by changes in the Company’s deferred tax valuation allowance. Foreign currency translation adjustments Net unrealized gain (loss) on cash flow hedges Total (Amounts in millions) March 31, 2024 $ (22.7) $ 138.7 $ 116.0 Other comprehensive income (loss) (2.9) 3.7 0.8 Reclassifications to net loss (1) — (8.3) (8.3) Reclassifications to noncontrolling interest (2) 3.6 (19.0) (15.4) June 30, 2024 $ (22.0) $ 115.1 $ 93.1 March 31, 2023 $ (21.6) $ 142.5 $ 120.9 Other comprehensive income (loss) 0.8 24.5 25.3 Reclassifications to net loss (1) — (7.6) (7.6) June 30, 2023 $ (20.8) $ 159.4 $ 138.6 ___________________ (1) Represents a loss of $1.0 million included in direct operating expense and a gain of $9.3 million included in interest expense on the unaudited condensed consolidated statement of operations in the three months ended June 30, 2024 (three months ended June 30, 2023 - gain of $0.4 million included in direct operating expense and a gain of $7.2 million included in interest expense) (see Note 17). (2) Represents amounts reclassified in connection with the noncontrolling interest recorded for the proportionate ownership interest in the carrying value of Lionsgate Studios (see Note 2).

General (Narrative) (Details)

General (Narrative) (Details) title in Thousands	Jun. 30, 2024 title
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of titles in library	20

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) $ / shares in Units, $ in Millions				1 Months Ended	3 Months Ended
	Jun. 05, 2024 USD ($) film	May 13, 2024 USD ($) $ / shares shares	Dec. 27, 2023 USD ($)	Aug. 08, 2024 USD ($)	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)
Business Acquisition [Line Items]
Number of films, acquired | film	46
Gain (loss) recognized upon initial consolidation					$ 0
Total assets					7,222.2	$ 7,092.7
Total liabilities					7,148.2	$ 7,279.9
Proceeds from reverse recapitalization transaction		$ 330
Proceeds from private investments in public equities		254.3
Proceeds due from the PIPE investment		$ 20
Proceeds from issuance or sale of equity					282.7
Sale of noncontrolling interest in Lionsgate Studios Corp. (see Note 2)					(282.7)
Variable Interest Entity, Primary Beneficiary
Business Acquisition [Line Items]
Total assets					79.8
Total liabilities					11.2
Accumulated other comprehensive income
Business Acquisition [Line Items]
Sale of noncontrolling interest in Lionsgate Studios Corp. (see Note 2)					15.4
Noncontrolling Interests
Business Acquisition [Line Items]
Sale of noncontrolling interest in Lionsgate Studios Corp. (see Note 2)					95.6
CP LG Library Holdings, LLC
Business Acquisition [Line Items]
Asset acquisition, purchase price	$ 68.6
Studio Business
Business Acquisition [Line Items]
Ownership percentage by noncontrolling owners		12.20%
Ownership percentage, parent		87.80%
CP LG Library Holdings
Business Acquisition [Line Items]
Ownership percentage by noncontrolling owners	49%
CP LG Library Holdings, LLC
Business Acquisition [Line Items]
Ownership percentage by noncontrolling owners	49%
Screaming Eagle | Studio Business
Business Acquisition [Line Items]
Ownership percentage by noncontrolling owners		12.20%
Screaming Eagle Acquisition Corp, Sponsor Options
Business Acquisition [Line Items]
Common shares, shares issued (in shares) | shares		2,200,000
Sponsor Option Agreement
Business Acquisition [Line Items]
Common stock, par value (in dollars per share) | $ / shares		$ 0.0001
Sponsor Securities Repurchase
Business Acquisition [Line Items]
Shares issued, price per share (in dollars per share) | $ / shares		$ 16.05
Film and Television Library | CP LG Library Holdings, LLC
Business Acquisition [Line Items]
Asset acquisition, purchase price	$ 48.3
eOne
Business Acquisition [Line Items]
Preliminary purchase price consideration			$ 385.1
Pro forma impairment of goodwill and trade name at eOne					$ 296.2
eOne | Subsequent Event
Business Acquisition [Line Items]
Reduction to purchase price				$ 12
eOne | Film and Television Library | Minimum
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life			5 years
eOne | Film and Television Library | Maximum
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life			10 years
eOne | Trade Names
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life			5 years
CP LG Library Holdings, LLC
Business Acquisition [Line Items]
Preliminary purchase price consideration	$ 35
Percentage of voting interests acquired	51%

Acquisitions (Reconciliation of

Acquisitions (Reconciliation of Gross Proceeds) (Details) $ in Millions	3 Months Ended
	Jun. 30, 2024 USD ($)
Business Combination Segment Allocation [Line Items]
Total gross cash proceeds	$ 330
Less: SEAC warrant exchange payment	(12.5)
Net proceeds from the sale of noncontrolling interest in Lionsgate Studios Corp. per the condensed consolidated statement of equity (deficit)	282.7
Add: Transaction costs accrued and not paid, net of transaction costs previously paid	11.3
Net cash proceeds from the sale of noncontrolling interest in Lionsgate Studios per the condensed consolidated statement of cash flows	294
Screaming Eagle Acquisition Corp
Business Combination Segment Allocation [Line Items]
Less: Transaction costs	$ (34.8)

Acquisitions (Purchase Price Al

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

Acquisitions (Pro Forma Informa

Acquisitions (Pro Forma Information) (Details) - eOne $ in Millions	3 Months Ended
	Jun. 30, 2023 USD ($)
Business Acquisition [Line Items]
Revenues	$ 1,051
Net loss attributable to Lions Gate Entertainment Corp. shareholders	$ (361.3)

Investment In Films and Telev_3

Investment In Films and Television Programs and Licensed Program Rights (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Segment Reporting Information [Line Items]
Acquired film and television libraries, unamortized costs	$ 266.4	$ 223.1
Acquired libraries, remaining amortization period	13 years

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	Jun. 30, 2024	Mar. 31, 2024
Individual Monetization
Released, net of accumulated amortization	$ 863.6	$ 878.3
Completed and not released	301.9	225.4
In progress	681.2	469.2
In development	65.5	65.7
Total	1,912.2	1,638.6
Film Group Monetization
Released, net of accumulated amortization	539.5	497.1
Completed and not released	94.7	170.1
In progress	362	179
In development	4.8	4.3
Total	1,001	850.5
Licensed program rights, net of accumulated amortization	302.4	273.1
Investment in films and television programs and licensed program rights, net	$ 3,215.6	$ 2,762.2

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
	Jun. 30, 2024	Jun. 30, 2023
Investment In Films And Television Programs and Program Rights [Abstract]
Individual monetization	$ 162.8	$ 181.1
Film group monetization	76.9	111.2
Licensed program rights	48	67.6
Total amortization of films and television programs and licensed program rights	$ 287.7	$ 359.9

Investment In Films and Telev_6

Investment In Films and Television Programs and Licensed Program Rights (Impairments) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs and licensed program rights	$ 2.2	$ 28.2
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
Not included in segment operating results
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs and licensed program rights	$ 1.9	$ 28
Motion Picture | Reportable Segments
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs and licensed program rights	$ 0.3	$ 0.2

Investments (Investments by Cat

Investments (Investments by Category) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Equity Method Investments, and Investments in Debt and Equity Securities [Abstract]
Investments in equity method investees	$ 71.3	$ 68.4
Other investments	6.4	6.4
Investments	$ 77.7	$ 74.8

Investments (Equity Method Inve

Investments (Equity Method Investments Narrative) (Details)	Jun. 30, 2024
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%

Goodwill (Goodwill) (Details)

Goodwill (Goodwill) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Goodwill [Roll Forward]
Goodwill, balance at beginning of period	$ 811.2
Measurement period adjustments	0.9
Goodwill, balance at end of period	812.1
eOne
Goodwill [Roll Forward]
Measurement period adjustments	(0.9)
Decrease to accounts receivable	4.2
Increase to content related payables	3.4
Increase to other liabilities	0.4
Increase to other assets	3.7
Decrease to accrued liabilities	1.1
Decrease to participation and residuals	2.3
Motion Picture
Goodwill [Roll Forward]
Goodwill, balance at beginning of period	398.6
Measurement period adjustments	(3.9)
Goodwill, balance at end of period	394.7
Television Production
Goodwill [Roll Forward]
Goodwill, balance at beginning of period	412.6
Measurement period adjustments	4.8
Goodwill, balance at end of period	417.4
Media Networks
Goodwill [Roll Forward]
Goodwill, balance at beginning of period	0
Measurement period adjustments	0
Goodwill, balance at end of period	0
Accumulated goodwill impairment losses	$ 1,969	$ 1,969

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Debt Instrument [Line Items]
Total corporate debt	$ 2,219.5	$ 2,508.5
Unamortized debt issuance costs	(25)	(28.5)
Total debt, net	2,194.5	2,480
Less current portion	(649.6)	(860.3)
Non-current portion of debt	1,544.9	1,619.7
Revolving Credit Facility
Debt Instrument [Line Items]
Total corporate debt	585	575
Term Loans | Term Loan A
Debt Instrument [Line Items]
Total corporate debt	314.4	399.3
Term Loans | Term Loan B
Debt Instrument [Line Items]
Total corporate debt	605.1	819.2
Senior Notes | 5.500% Senior Notes
Debt Instrument [Line Items]
Total corporate debt	$ 715	$ 715
Coupon rate	5.50%

Debt (Narrative - Transactions)

Debt (Narrative - Transactions) (Details) - USD ($) $ in Millions	1 Months Ended
	Jun. 30, 2024	May 08, 2024	Jun. 30, 2023
5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Coupon rate	5.50%
5.500% Senior Notes One | Senior Notes
Debt Instrument [Line Items]
Debt instrument, principal amount repurchased			$ 85
Debt instrument, amount paid for repurchases			$ 61.4
Term Loan A | Term Loans
Debt Instrument [Line Items]
Principal amount of debt prepaid	$ 84.9
Term Loan B | Term Loans
Debt Instrument [Line Items]
Principal amount of debt prepaid	$ 214.1
New 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Coupon rate	5.50%	5.50%
Principal amount issued		$ 389.9
New 5.500% Senior Notes | Senior Notes | Maximum
Debt Instrument [Line Items]
Coupon rate	6%	6%

Debt (Narrative - Senior Credit

Debt (Narrative - Senior Credit Facilities) (Details) $ in Millions		3 Months Ended
	Jun. 14, 2023	Jun. 30, 2024 USD ($) increase
Revolving Credit Facility
Line of Credit Facility [Abstract]
Revolving credit facility, maximum borrowing capacity		$ 1,250
Revolving credit facility, available amount		$ 665
Number of possible increases in margin | increase		2
Effective interest rate		7.18%
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%
SOFR | Revolving Credit Facility
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	0.10%
SOFR | Minimum | Revolving Credit Facility
Line of Credit Facility [Abstract]
Coupon rate	0%
Applicable Margin | Revolving Credit Facility
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	1.75%
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]
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%
Term Loan A | Term Loans
Line of Credit Facility [Abstract]
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]
Maximum outstanding principal to trigger maturity		$ 250
Effective interest rate		7.68%
Quarterly principal payment percent		0.25%
Term Loan B | SOFR | Term Loans
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	0.10%
Term Loan B | SOFR | Minimum | Term Loans
Line of Credit Facility [Abstract]
Coupon rate	0%
Term Loan B | Applicable Margin | Term Loans
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	2.25%
Term Loan B | Base Rate | Term Loans
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	1.25%

Debt (Narrative - Senior Notes)

Debt (Narrative - Senior Notes) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	May 08, 2024	Mar. 31, 2024
Debt Instrument [Line Items]
Total corporate debt	$ 2,219.5		$ 2,508.5
Senior Credit Facilities And Senior Notes
Debt Instrument [Line Items]
Net loss, amount free of restrictions	(63.1)
Accumulated deficit, amount free of restrictions	$ 3,242.7
5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Coupon rate	5.50%
Total corporate debt	$ 715		$ 715
New 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Coupon rate	5.50%	5.50%
Total corporate debt	$ 389.9
Debt instrument, redemption period one | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	102.75%
Debt instrument, redemption period one | New 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	103%
Debt instrument, redemption, period two | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	101.375%
Debt instrument, redemption, period two | New 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	102%
Debt instrument, redemption, period three | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	100%
Debt instrument, redemption, period three | New 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	101%
Debt instrument, redemption, period four | New 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
	Jun. 30, 2024	Jun. 30, 2023
Extinguishment of Debt [Line Items]
Gain (loss) on extinguishment of debt	$ (5.9)	$ 21.2
Senior Notes
Extinguishment of Debt [Line Items]
Gain (loss) on extinguishment of debt	(4.9)	21.2
Term Loan A and Term Loan B Facility
Extinguishment of Debt [Line Items]
Gain (loss) on extinguishment of debt	(1)	$ 0
New 5.500% Senior Notes
Extinguishment of Debt [Line Items]
Gain (loss) on extinguishment of debt	$ 4.9

Film Related Obligations (Compo

Film Related Obligations (Components) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Film Related Obligations [Abstract]
Production Loans	$ 1,306.4	$ 1,292.2
Production Tax Credit Facility	260	260
Programming Notes	53.8	0
Backlog Facility and Other	313	287.3
IP Credit Facility	100.6	109.9
Total film related obligations	2,033.8	1,949.4
Unamortized issuance costs	(11.4)	(11.4)
Total film related obligations, net	2,022.4	1,938
Less current portion	(1,666)	(1,393.1)
Total non-current film related obligations	$ 356.4	$ 544.9

Film Related Obligations (Narra

Film Related Obligations (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Production Loans	$ 1,306.4	$ 1,292.2
Accounts receivable	654.5	753
Secured Debt
Production Loans	1,086.9
Unsecured Debt
Production Loans	$ 219.5
Production Loans
Production loans , programming notes, or other loans, weighted average interest rate	6.85%
Programming Notes
Production loans , programming notes, or other loans, weighted average interest rate	8.73%
Production Tax Credit Facility | Revolving Credit Facility
Credit facility, maximum principal amount	$ 260
Collateral	336.8
Credit facility, available amount	$ 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	6.93%
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
Credit facility, outstanding amount	175	175
Credit facility, available amount	$ 0
Backlog Facility | Secured Debt | SOFR
Effective interest rate	6.58%
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
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	7.77%
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%
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
Production loans , programming notes, or other loans, weighted average interest rate	6.84%
Loan amount	$ 138	$ 112.3
Accounts receivable	84.8
Contracted receivables not yet reflected as accounts receivable	81.1
Distribution Agreement Loan One | Loans Payable
Loan amount	67.9
Distribution Agreement Loan Two | Loans Payable
Loan amount	$ 70.1

Film Related Obligations - Cumu

Film Related Obligations - Cumulative Minimum Guaranteed Payments of IP Credit Facility (Details) - Secured Debt - IP Credit Facility $ in Millions	Jun. 30, 2024 USD ($)
Debt Instrument [Line Items]
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	Jun. 30, 2024	Mar. 31, 2024
Assets:
Interest rate swaps	$ 28.1	$ 35.6
Fair Value, Measurements, Recurring
Assets:
Interest rate swaps	28.1	35.6
Liabilities:
Forward exchange contracts	(1.6)	(2.8)
Fair Value, Measurements, Recurring | Level 1
Assets:
Interest rate swaps	0	0
Liabilities:
Forward exchange contracts	0	0
Fair Value, Measurements, Recurring | Level 2
Assets:
Interest rate swaps	28.1	35.6
Liabilities:
Forward exchange contracts	$ (1.6)	$ (2.8)

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	Jun. 30, 2024	Mar. 31, 2024
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%
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	$ 312.6	$ 396.6
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	603.9	816.9
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 and Programming Notes, fair value disclosure	697.4	696.6
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	1,301.2	1,286.2
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	309.7	285.4
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	98.5	107.6
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 and Programming Notes, fair value disclosure	53.8	0
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	259.1	258.7
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	312.9	397.3
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	604.3	818.1
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 and Programming Notes, fair value disclosure	547.9	536.2
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	1,306.4	1,292.2
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	313	287.3
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	100.6	109.9
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 and Programming Notes, fair value disclosure	53.8	0
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	$ 260	$ 260

Noncontrolling Interests (Chang

Noncontrolling Interests (Changes In Redeemable Noncontrolling Interest) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	$ 123.3	$ 343.6
Net loss attributable to redeemable noncontrolling interests	(0.5)	(1.2)
Adjustments to redemption value	0.3	6
Cash distributions	(0.1)	(0.6)
Purchase of noncontrolling interest	0	(0.6)
Ending balance	$ 123	$ 347.2

Noncontrolling Interests (Narra

Noncontrolling Interests (Narrative) (Details) - USD ($) $ in Millions			3 Months Ended
	Nov. 12, 2024	Jan. 02, 2024	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jan. 31, 2027	Jun. 05, 2024	May 13, 2024
Redeemable Noncontrolling Interest [Line Items]
Purchase of noncontrolling interest		$ 194.1	$ 0		$ 0.6
Sale of noncontrolling interest in Lionsgate Studios Corp. (see Note 2)			(282.7)
Noncontrolling interests			(63.6)	$ 2.2
Noncontrolling Interests
Redeemable Noncontrolling Interest [Line Items]
Sale of noncontrolling interest in Lionsgate Studios Corp. (see Note 2)			$ 95.6
Forecast
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling interest, call period	30 days
Pilgrim Media Group
Redeemable Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling owners			12.50%
3 Arts Entertainment
Redeemable Noncontrolling Interest [Line Items]
Increase in ownership percentage		25%
Due to noncontrolling interest				93.2
Noncontrolling interests discount accretion				$ 93.2
3 Arts Entertainment | Forecast
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling owner's right to purchase remaining ownership interest of parent						24%
Studio Business
Redeemable Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling owners								12.20%
Studio Business | Screaming Eagle
Redeemable Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling owners								12.20%
CP LG Library Holdings
Redeemable Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling owners							49%
CP LG Library Holdings, LLC
Redeemable Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling owners							49%
Noncontrolling interests							$ 34.5

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 834.7	$ 908.6
Operating segments | Motion Picture
Disaggregation of Revenue [Line Items]
Revenues	347.3	406.5
Operating segments | Motion Picture | Theatrical
Disaggregation of Revenue [Line Items]
Revenues	36	65.9
Operating segments | Motion Picture | Digital Media
Disaggregation of Revenue [Line Items]
Revenues	140.1	174.1
Operating segments | Motion Picture | Packaged Media
Disaggregation of Revenue [Line Items]
Revenues	9.2	25.9
Operating segments | Motion Picture | Home Entertainment
Disaggregation of Revenue [Line Items]
Revenues	149.3	200
Operating segments | Motion Picture | Television
Disaggregation of Revenue [Line Items]
Revenues	88	48.5
Operating segments | Motion Picture | International
Disaggregation of Revenue [Line Items]
Revenues	68.3	81
Operating segments | Motion Picture | Other
Disaggregation of Revenue [Line Items]
Revenues	5.7	11.1
Operating segments | Television Production
Disaggregation of Revenue [Line Items]
Revenues	241.1	218.5
Operating segments | Television Production | Television
Disaggregation of Revenue [Line Items]
Revenues	160.2	150
Operating segments | Television Production | Digital Media
Disaggregation of Revenue [Line Items]
Revenues	18.9	11.8
Operating segments | Television Production | Packaged Media
Disaggregation of Revenue [Line Items]
Revenues	0.9	0.4
Operating segments | Television Production | Home Entertainment
Disaggregation of Revenue [Line Items]
Revenues	19.8	12.2
Operating segments | Television Production | International
Disaggregation of Revenue [Line Items]
Revenues	35.5	31.9
Operating segments | Television Production | Other
Disaggregation of Revenue [Line Items]
Revenues	25.6	24.4
Operating segments | Media Networks
Disaggregation of Revenue [Line Items]
Revenues	350.1	381.1
Operating segments | Media Networks | Programming
Disaggregation of Revenue [Line Items]
Revenues	350.1	381.1
Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(103.8)	(97.5)
Intersegment Eliminations | Motion Picture
Disaggregation of Revenue [Line Items]
Revenues	(64.2)	(16.5)
Intersegment Eliminations | Television Production
Disaggregation of Revenue [Line Items]
Revenues	(39.6)	(81)
Intersegment Eliminations | Media Networks
Disaggregation of Revenue [Line Items]
Revenues	0	0
Domestic
Disaggregation of Revenue [Line Items]
Revenues	4.2
Domestic | Operating segments | Media Networks | Programming
Disaggregation of Revenue [Line Items]
Revenues	345.3	341.6
International
Disaggregation of Revenue [Line Items]
Revenues	(4.2)
International | Operating segments | Media Networks | Programming
Disaggregation of Revenue [Line Items]
Revenues	$ 4.8	$ 39.5

Revenue (Remaining Performance

Revenue (Remaining Performance Obligations - Timing) (Details) $ in Millions	Jun. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligations	$ 1,831.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations	1,831.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligations	$ 1,041.2
Remaining Performance Obligations, performance period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations, performance period	9 months
Remaining Performance Obligations	$ 1,041.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligations	$ 661.2
Remaining Performance Obligations, performance period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations, performance period	1 year
Remaining Performance Obligations	$ 661.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligations	$ 72.3
Remaining Performance Obligations, performance period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations, performance period	1 year
Remaining Performance Obligations	$ 72.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-04-01
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligations	$ 57.1
Remaining Performance Obligations, performance period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligations, performance period
Remaining Performance Obligations	$ 57.1

Revenue (Provision for Doubtful

Revenue (Provision for Doubtful Accounts) (Details) $ in Millions	3 Months Ended
	Jun. 30, 2024 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 7.2
(Benefit) provision for doubtful accounts	(0.5)
Other	2.5
Uncollectible accounts written-off	(0.2)
Ending Balance	$ 9

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) $ in Millions	3 Months Ended
	Jun. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized in period from performance obligations satisfied in previous period	$ 89.3
Revenues recognized	$ 97.1

Net Loss Per Share (Basic and D

Net Loss Per Share (Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net loss attributable to Lions Gate Entertainment Corp. shareholders	$ (59.4)	$ (70.7)
Accretion of redeemable noncontrolling interest	(0.3)	0
Net loss attributable to Lions Gate Entertainment Corp. shareholders after accretion of redeemable noncontrolling interest, basic	(59.7)	(70.7)
Net loss attributable to Lions Gate Entertainment Corp. shareholders after accretion of redeemable noncontrolling interest, diluted	$ (59.7)	$ (70.7)
Denominator:
Weighted average common shares outstanding, basic (in shares)	235.6	230.2
Weighted average common shares outstanding, diluted (in shares)	235.6	230.2
Basic net loss per common share (in usd per share)	$ (0.25)	$ (0.31)
Diluted net loss per common share (in usd per share)	$ (0.25)	$ (0.31)

Net Loss Per Share (Anti-Diluti

Net Loss Per Share (Anti-Dilutive Shares Issuable) (Details) - shares shares in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares excluded from calculation of diluted earnings per share due to net loss (in shares)	4.8	5.6
Anti-dilutive shares issuable (in shares)	17.6	21
Share purchase options
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares issuable (in shares)	13.8	17
Restricted Share Units (RSUs)
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares issuable (in shares)	0	0.2
Other issuable shares
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares issuable (in shares)	3.8	3.8

Capital Stock (Narrative) (Deta

Capital Stock (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		205 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Mar. 31, 2024
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
Class A Voting Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized common shares (in shares)	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

Capital Stock (Common Shares Re

Capital Stock (Common Shares Reserved for Future Issuance) (Details) - shares shares in Millions	Jun. 30, 2024	Mar. 31, 2024
Common Shares Reserved For Future Issuance [Line Items]
Shares reserved for future issuance (in shares)	48.9	49.5
Stock Options and SARs
Common Shares Reserved For Future Issuance [Line Items]
Shares reserved for future issuance (in shares)	18.7	20.7
Restricted Stock and Restricted Share Units - Unvested
Common Shares Reserved For Future Issuance [Line Items]
Shares reserved for future issuance (in shares)	12.7	13.4
Common shares available for future issuance
Common Shares Reserved For Future Issuance [Line Items]
Shares reserved for future issuance (in shares)	17.5	15.4

Capital Stock (Share-Based Comp

Capital Stock (Share-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	$ 18.1	$ 15.9
Impact of accelerated vesting on equity awards	0	0.5
Total share-based compensation expense	18.1	16.4
Stock Options
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	0.2	0.9
Restricted Share Units and Other Share-based Compensation
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	17.7	14.3
Share Appreciation Rights (SARs)
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	$ 0.2	$ 0.7

Capital Stock (Share-based Co_2

Capital Stock (Share-based Compensation Expense by Category) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	$ 18.1	$ 16.4
Direct operating
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	0.7	0.4
Distribution and marketing
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	0.2	0.2
General and administration
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	17.2	15.3
Restructuring and other
Share-Based Compensation Expense [Line Items]
Share-based compensation expense	$ 0	$ 0.5

Capital Stock (Stock Option, SA

Capital Stock (Stock Option, SARs, Restricted Stock and Restricted Share Unit Activity) (Details) shares in Millions	3 Months Ended
	Jun. 30, 2024 $ / 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, 2024 (in shares)	2.4
Granted (in shares)	0
Options exercised (in shares)	0
Forfeited or expired (in shares)	0
Outstanding at June 30, 2024 (in shares)	2.4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding at March 31, 2024, weighted average exercise price (in usd per share) | $ / shares	$ 22.96
Granted, weighted average exercise price (in usd per share) | $ / shares	0
Options exercised, weighted average exercise price (in usd per share) | $ / shares	0
Forfeited or expired, weighted average exercise price (in usd per share) | $ / shares	11.71
Outstanding at June 30, 2024, weighted average exercise price (in usd per share) | $ / shares	$ 23
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, 2024 (in shares)	0.1
Granted (in shares)	0
Vested (in shares)	0
Forfeited or expired (in shares)	0
Outstanding at June 30, 2024 (in shares)	0.1
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, 2024, weighted average grant-date fair value (in usd per share) | $ / shares	$ 9.27
Granted, weighted average grant date fair value (in usd per share) | $ / shares	0
Restricted stock or RSUs vested, weighted average grant-date fair value (in usd per share) | $ / shares	0
Forfeited or expired, weighted average grant-date fair value (in usd per share) | $ / shares	0
Outstanding at June 30, 2024, weighted average grant-date fair value (in usd per share) | $ / shares	$ 9.27
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, 2024 (in shares)	18.3
Granted (in shares)	0
Options exercised (in shares)	0
Forfeited or expired (in shares)	(2)
Outstanding at June 30, 2024 (in shares)	16.3
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding at March 31, 2024, weighted average exercise price (in usd per share) | $ / shares	$ 13.73
Granted, weighted average exercise price (in usd per share) | $ / shares	0
Options exercised, weighted average exercise price (in usd per share) | $ / shares	7.13
Forfeited or expired, weighted average exercise price (in usd per share) | $ / shares	14.55
Outstanding at June 30, 2024, weighted average exercise price (in usd per share) | $ / shares	$ 13.64
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, 2024 (in shares)	13.3
Granted (in shares)	0.2
Vested (in shares)	(0.8)
Forfeited or expired (in shares)	(0.1)
Outstanding at June 30, 2024 (in shares)	12.6
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, 2024, weighted average grant-date fair value (in usd per share) | $ / shares	$ 8.71
Granted, weighted average grant date fair value (in usd per share) | $ / shares	7.95
Restricted stock or RSUs vested, weighted average grant-date fair value (in usd per share) | $ / shares	9.11
Forfeited or expired, weighted average grant-date fair value (in usd per share) | $ / shares	8.46
Outstanding at June 30, 2024, weighted average grant-date fair value (in usd per share) | $ / shares	$ 8.68
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, 2024 (in shares)	0.1
Outstanding at June 30, 2024 (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
	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring and other	$ 22.5	$ 32
Total restructuring and other and other unusual charges not included in restructuring and other	24.6	32.2
Insurance recoveries	3.2
Corporate and reconciling items
Restructuring Cost and Reserve [Line Items]
Restructuring and other	22.5	32
COVID-19 related charges (benefit) included in direct operating expense	(3.1)	0.2
Unallocated rent cost included in direct operating expense	5.2	0
Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring initiative, expected future cash outlay	50
Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring initiative, expected future cash outlay	55
Direct operating expense
Restructuring Cost and Reserve [Line Items]
COVID-19 related charges (benefit) included in direct operating expense	(3.1)	0.2
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and other	3.1	4.8
Severance | Cash
Restructuring Cost and Reserve [Line Items]
Restructuring and other	3.1	4.3
Severance | Accelerated vesting on equity awards
Restructuring Cost and Reserve [Line Items]
Restructuring and other	0	0.5
Transaction and other costs
Restructuring Cost and Reserve [Line Items]
Restructuring and other	(0.5)	(0.8)
Transaction and other costs (benefits), migration benefits
Restructuring Cost and Reserve [Line Items]
Restructuring and other	7.1	3.8
Content and other impairments
Restructuring Cost and Reserve [Line Items]
Restructuring and other	19.9	28
Operating Lease, Impairment Loss	18
Content and other impairments | Media Networks
Restructuring Cost and Reserve [Line Items]
Restructuring and other	1.9	$ 28
Impairment charges incurred to date	$ 745.7

Restructuring and Other (Severa

Restructuring and Other (Severance Liability Rollforward) (Details) - Severance liability - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Restructuring and Other Severance Liability
Beginning balance	$ 23.6	$ 8.7
Accruals	3.1	4.3
Severance payments	(10)	(8.2)
Ending balance	16.7	$ 4.8
Accounts Payable and Accrued Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Remaining severance liability, expected to be paid in next 12 months	$ 16.7

Segment Information (Segment In

Segment Information (Segment Information) (Details) $ in Millions	3 Months Ended
	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of reportable business segments | segment	3
Segment revenues	$ 834.7	$ 908.6
Gross contribution	209.9	184
Segment general and administration	66.9	67.9
Segment profit	143	116.1
Reportable Segments
Segment Reporting Information [Line Items]
Segment general and administration	66.9	67.9
Segment profit	143	116.1
Reportable Segments | Studio Business
Segment Reporting Information [Line Items]
Segment revenues	588.4	625
Gross contribution	143.2	134.2
Segment general and administration	46.4	42.1
Segment profit	96.8	92.1
Reportable Segments | Motion Picture
Segment Reporting Information [Line Items]
Segment revenues	347.3	406.5
Gross contribution	114.6	98.6
Segment general and administration	28.5	29.4
Segment profit	86.1	69.2
Reportable Segments | Television Production
Segment Reporting Information [Line Items]
Segment revenues	241.1	218.5
Gross contribution	28.6	35.6
Segment general and administration	17.9	12.7
Segment profit	10.7	22.9
Reportable Segments | Media Networks
Segment Reporting Information [Line Items]
Segment revenues	350.1	381.1
Gross contribution	78	57.7
Segment general and administration	20.5	25.8
Segment profit	57.5	31.9
Intersegment Eliminations
Segment Reporting Information [Line Items]
Segment revenues	(103.8)	(97.5)
Gross contribution	(11.3)	(7.9)
Segment profit	(11.3)	(7.9)
Intersegment Eliminations | Studio Business
Segment Reporting Information [Line Items]
Segment revenues	(103.8)	(97.5)
Intersegment Eliminations | Motion Picture
Segment Reporting Information [Line Items]
Segment revenues	(64.2)	(16.5)
Intersegment Eliminations | Television Production
Segment Reporting Information [Line Items]
Segment revenues	(39.6)	(81)
Intersegment Eliminations | Media Networks
Segment Reporting Information [Line Items]
Segment revenues	$ 0	$ 0

Segment Information (Reconcilia

Segment Information (Reconciliation Of Total Segment Profit To The Company's Loss Before Income Taxes) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Company’s total segment profit	$ 143	$ 116.1
Adjusted depreciation and amortization	(8.5)	(10)
Restructuring and other	(22.5)	(32)
Adjusted share-based compensation expense	(18.1)	(15.9)
Operating income (loss)	18.8	(16.8)
Interest expense	(68.8)	(62)
Interest and other income	5.1	1.9
Other expense	(3.1)	(5.7)
Gain (loss) on extinguishment of debt	(5.9)	21.2
Equity interests income (loss)	0.9	(0.3)
Loss before income taxes	(53)	(61.7)
Operating segments
Segment Reporting Information [Line Items]
Company’s total segment profit	143	116.1
Corporate
Segment Reporting Information [Line Items]
Corporate general and administrative expenses	(33.3)	(30.4)
Corporate and reconciling items
Segment Reporting Information [Line Items]
Adjusted depreciation and amortization	(8.5)	(10)
Restructuring and other	(22.5)	(32)
COVID-19 related (charges) benefit included in direct operating expense	3.1	(0.2)
Unallocated rent cost included in direct operating expense	(5.2)	0
Adjusted share-based compensation expense	(18.1)	(15.9)
Purchase accounting and related adjustments	$ (39.7)	$ (44.4)

Segment Information (Adjusted D

Segment Information (Adjusted Depreciation and Amortization) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Depreciation and amortization	$ 46.1	$ 44.4
Adjusted depreciation and amortization	8.5	10
Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted depreciation and amortization	8.5	10
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	$ (37.6)	$ (34.4)

Segment Information (Adjusted S

Segment Information (Adjusted Share-Based Compensation) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Share-based compensation expense	$ 18.1	$ 16.4
Amount included in restructuring and other	0	(0.5)
Adjusted share-based compensation expense	18.1	15.9
Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted share-based compensation expense	18.1	15.9
General and administrative expense
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Share-based compensation expense	17.2	15.3
Restructuring and other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Share-based compensation expense	0	0.5
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	$ 0	$ 0.5

Segment Information (Purchase A

Segment Information (Purchase Accounting and Related Adjustments) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments	$ 39.7	$ 44.4
General and administrative expense
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments	2.1	10
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	2.1	10
Amortization of recoupable portion of the purchase price	0	1.3
Noncontrolling equity interest in distributable earnings	2.1	8.7
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	$ 37.6	$ 34.4

Segment Information (Reconcil_2

Segment Information (Reconciliation of Segment General and Administration to Consolidated) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting, Other Significant Reconciling Item [Line Items]
Segment general and administrative expenses	$ 66.9	$ 67.9
General and administration	119.5	123.6
Operating segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Segment general and administrative expenses	66.9	67.9
Corporate
Segment Reporting, Other Significant Reconciling Item [Line Items]
Corporate general and administrative expenses	33.3	30.4
Corporate and reconciling items
Segment Reporting, Other Significant Reconciling Item [Line Items]
Purchase accounting and related adjustments	39.7	44.4
General and administrative expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Purchase accounting and related adjustments	2.1	10
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	17.2	15.3
Purchase accounting and related adjustments	$ 2.1	$ 10

Segment Information (Reconcil_3

Segment Information (Reconciliation of Total Assets By Segment to Consolidated Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 7,222.2	$ 7,092.7
Operating segments | Motion Picture
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	2,051.2	1,851.4
Operating segments | Television Production
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	2,419.4	2,347.8
Operating segments | Media Networks
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	2,102.5	2,036.7
Other unallocated assets
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 649.1	$ 856.8

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023
Derivative [Line Items]
Remaining maturity of forward foreign exchange contracts, maximum	22 months
Unrealized gains in AOCI at time of termination	$ 49	$ (728.2)	$ 310.5	$ (786)
Derivative Liability	1.6		2.8
Foreign currency cash flow hedge gains estimated to be reclassified into earnings during next 12 months	4.1
Interest rate swap cash flow hedge gain estimated to be reclassified into earnings during next 12 months	31.1
Net Cash Provided by (Used in) Operating Activities	(158.9)	29.2
Net Cash Provided by (Used in) Financing Activities	(75.9)	$ (60.5)
Interest rate swaps | Designated as Hedging Instrument
Derivative [Line Items]
US Dollar Amount or Notional Amount	1,700		1,700
Derivative Liability	0		0
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		$ 300

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Forward Foreign Exchange Contracts) (Details) - Forward exchange contracts € in Millions, £ in Millions, Kč in Millions, Ft in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions	Jun. 30, 2024 GBP (£)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CZK (Kč)	Jun. 30, 2024 EUR (€)	Jun. 30, 2024 CAD ($)	Jun. 30, 2024 MXN ($)	Jun. 30, 2024 HUF (Ft)	Jun. 30, 2024 NZD ($)
British Pounds Sterling
Derivative [Line Items]
US Dollar Amount or Notional Amount	£ 2.2	$ 2.9
Weighted average exchange rate per $1 USD	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78
Czech Republic, Koruna
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 7.7	Kč 180
Weighted average exchange rate per $1 USD	23.29	23.29	23.29	23.29	23.29	23.29	23.29	23.29
Euro Member Countries, Euro
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 9.2		€ 9.6
Weighted average exchange rate per $1 USD	0.96	0.96	0.96	0.96	0.96	0.96	0.96	0.96
Canada, Dollars
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 7.3			$ 9.8
Weighted average exchange rate per $1 USD	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34
Mexico, Pesos
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 0.9				$ 18.7
Weighted average exchange rate per $1 USD	20.70	20.70	20.70	20.70	20.70	20.70	20.70	20.70
Hungary, Forint
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 12.6					Ft 4,571.3
Weighted average exchange rate per $1 USD	370.84	370.84	370.84	370.84	370.84	370.84	370.84	370.84
New Zealand, Dollars
Derivative [Line Items]
US Dollar Amount or Notional Amount		$ 26.7						$ 43.6
Weighted average exchange rate per $1 USD	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Interest Rate Swaps) (Details) - Designated as Hedging Instrument - Interest rate swaps - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Derivative [Line Items]
Notional amount	$ 1,700	$ 1,700
Interest Rate Swap, Fixed Rate Paid 2.915%, Effective Date May 23, 2018
Derivative [Line Items]
Notional amount	$ 300	$ 300
Fixed Rate Paid or Received	2.915%	2.915%
Interest Rate Swap 2, Fixed Rate Paid 2.915%, Effective Date May 23, 2018
Derivative [Line Items]
Notional amount	$ 700	$ 700
Fixed Rate Paid or Received	2.915%	2.915%
Interest Rate Swap, Fixed Rate Paid 2.723%, Effective Date June 25, 2018
Derivative [Line Items]
Notional amount	$ 200	$ 200
Fixed Rate Paid or Received	2.723%	2.723%
Interest Rate Swap, Fixed Rate Paid 2.885%, Effective Date July 31, 2018
Derivative [Line Items]
Notional amount	$ 300	$ 300
Fixed Rate Paid or Received	2.885%	2.885%
Interest Rate Swap, Fixed Rate Paid 2.744%, Effective Date December 24, 2018
Derivative [Line Items]
Notional amount	$ 50	$ 50
Fixed Rate Paid or Received	2.744%	2.744%
Interest Rate Swap, Fixed Rate Paid 2.808%, Effective Date December 24, 2018
Derivative [Line Items]
Notional amount	$ 100	$ 100
Fixed Rate Paid or Received	2.808%	2.808%
Interest Rate Swap, Fixed Rate Paid 2.728%, Effective Date December 24, 2018
Derivative [Line Items]
Notional amount	$ 50	$ 50
Fixed Rate Paid or Received	2.728%	2.728%

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities (Derivatives Effect on Statement of Operations and Comprehensive Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Total direct operating expense on consolidated statements of operations	$ 429.2	$ 481.2
Total interest expense on consolidated statements of operations	68.8	62
Forward exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive loss	0.2	(2.5)
Gain (loss) reclassified from accumulated other comprehensive loss	(1)	0.4
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive loss	3.5	27.1
Gain (loss) reclassified from accumulated other comprehensive loss	10.9	9.1
Loss reclassified from accumulated other comprehensive income (loss) into interest expense	$ (1.6)	$ (1.9)

Derivative Instruments and He_7

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

Additional Financial Informat_3

Additional Financial Information (Cash, Cash Equivalents and Restricted Cash) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Additional Financial Information [Abstract]
Cash and cash equivalents	$ 192.5	$ 314
Restricted cash included in other current assets	36.6	43.7
Restricted cash included in other non-current assets	12.8	13.7
Total cash, cash equivalents and restricted cash	$ 241.9	$ 371.4	$ 394.1	$ 313

Additional Financial Informat_4

Additional Financial Information (Other Assets and Other Accrued Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024
Other current assets
Prepaid expenses and other	$ 59.7	$ 58.2
Restricted cash	36.6	43.7
Contract assets	54.1	59.9
Interest rate swap assets	28.1	35.6
Tax credits receivable	218.4	199.1
Other current assets	396.9	396.5
Other non-current assets
Prepaid expenses and other	16.7	21.6
Restricted cash	12.8	13.7
Accounts receivable	82.6	111.7
Contract assets	4	3.2
Tax credits receivable	356.5	361.7
Operating lease right-of-use assets	361	388.8
Interest rate swaps	28.1	35.6
Other non-current assets	833.6	900.7
Employee-related liabilities	$ 139.6	$ 147.4

Additional Financial Informat_5

Additional Financial Information (Accounts Receivable Monetization) (Details) - Trade Accounts Receivable - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Dec. 31, 2019	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Individual Monetization Agreements
Transfer of Financial Assets Accounted for as Sales [Line Items]
Net cash proceeds received or (paid or to be paid)		$ 308.6	$ 336.6
Carrying value of receivables transferred and derecognized		313.7	341.3
Loss recorded related to transfers of receivables		5.1	4.7
Derecognized accounts receivable for which the Company continues to service, amount outstanding		557.4		$ 613.4
Pooled Monetization Agreements
Transfer of Financial Assets Accounted for as Sales [Line Items]
Gross cash proceeds received for receivables transferred and derecognized			5.8
Less amounts from collections reinvested under revolving agreement			(2.9)
Proceeds from new transfers			2.9
Collections not reinvested and remitted or to be remitted			0.5
Net cash proceeds received or (paid or to be paid)			3.4
Carrying value of receivables transferred and derecognized			5.8
Obligations recorded			1.1
Loss recorded related to transfers of receivables			$ 1
Derecognized accounts receivable for which the Company continues to service, amount outstanding		$ 0		$ 0
Revolving agreement, maximum amount of receivables allowed to transfer	$ 100

Additional Financial Informat_6

Additional Financial Information (Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ (310.5)	$ 786
Ending balance	(49)	728.2
Income tax expense (benefit) reflected in other comprehensive income (loss)	0	0
Foreign currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(22.7)	(21.6)
Other comprehensive income (loss)	(2.9)	0.8
Reclassifications to net loss or noncontrolling interest		0
Ending balance	(22)	(20.8)
Foreign currency translation adjustments | Noncontrolling Interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassifications to net loss or noncontrolling interest	3.6
Foreign currency translation adjustments | Operating Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassifications to net loss or noncontrolling interest	0
Net unrealized gain (loss) on cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	138.7	142.5
Other comprehensive income (loss)	3.7	24.5
Reclassifications to net loss or noncontrolling interest		(7.6)
Ending balance	115.1	159.4
Net unrealized gain (loss) on cash flow hedges | Noncontrolling Interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassifications to net loss or noncontrolling interest	(19)
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 or noncontrolling interest	1	(0.4)
Net unrealized gain (loss) on cash flow hedges | Interest Expense
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassifications to net loss or noncontrolling interest	(9.3)	(7.2)
Net unrealized gain (loss) on cash flow hedges | Operating Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassifications to net loss or noncontrolling interest	(8.3)
Accumulated other comprehensive income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	116	120.9
Other comprehensive income (loss)	0.8	25.3
Reclassifications to net loss or noncontrolling interest		(7.6)
Ending balance	93.1	$ 138.6
Accumulated other comprehensive income | Noncontrolling Interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassifications to net loss or noncontrolling interest	(15.4)
Accumulated other comprehensive income | Operating Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassifications to net loss or noncontrolling interest	$ (8.3)

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended
	Jul. 31, 2024	Jun. 30, 2024	Mar. 31, 2024
Subsequent Event [Line Items]
Total corporate debt		$ 2,219.5	$ 2,508.5
Subsequent Event | Revolving Credit Facility | eOne IP Credit Facility | Line of Credit
Subsequent Event [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 340
Total corporate debt	340
Line of credit facility, periodic payment, principal	$ 8.5
Coupon rate	2.25%