v3.25.2
Discontinued Operations (Tables)
3 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
Income (loss) from discontinued operations of the Starz Business consists of the following:
Three Months Ended
June 30,
20252024
 (Amounts in millions)
Revenues$127.3 $347.8 
Expenses:
Direct operating71.7 141.3 
Distribution and marketing26.3 105.2 
General and administration10.0 23.6 
Depreciation and amortization19.6 41.6 
Restructuring and other13.5 (5.2)
Total expenses141.1 306.5 
Operating income (loss)(13.8)41.3 
Interest expense(0.4)(5.3)
Interest and other income— 0.1 
Other expenses(0.6)(1.7)
Loss on extinguishment of debt— (2.2)
Income (loss) from discontinued operations before income taxes(14.8)32.2 
Income tax provision(0.1)(4.5)
Net income (loss) from discontinued operations, net of income taxes$(14.9)$27.7 
Lionsgate has separately reported the assets and liabilities of the discontinued operations of the Starz Business in its unaudited condensed consolidated balance sheet as of March 31, 2025. These assets and liabilities consist of the following:

March 31,
2025
(Amounts in millions)
ASSETS
Cash and cash equivalents$11.2 
Accounts receivable, net50.9 
Other current assets13.7 
Total current assets - discontinued operations75.8 
Investment in films and television programs and program rights, net918.9 
Property and equipment, net48.6 
Intangible assets, net816.0 
Other assets40.1 
Total assets - discontinued operations$1,899.4 
LIABILITIES
Accounts payable$53.6 
Content related payables99.3 
Other accrued liabilities40.9 
Residuals27.7 
Film related obligations90.9 
Deferred revenue38.4 
Total current liabilities - discontinued operations350.8 
Debt318.3 
Other liabilities75.7 
Deferred tax liabilities7.2 
Total liabilities - discontinued operations$752.0