v3.26.1
INTANGIBLE ASSETS
12 Months Ended
Mar. 31, 2026
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 5. INTANGIBLE ASSETS

Intangible assets subject to amortization consist of the following as of March 31, 2026 and 2025:

  ​ ​ ​

2026

  ​ ​ ​

2025

Intangible assets subject to amortization:

 

  ​

 

  ​

Publishing and recorded music catalogs

$

975,400,109

$

875,475,723

Artist management contracts

 

954,397

 

933,733

Gross intangible assets

 

976,354,506

 

876,409,456

Accumulated amortization

 

(187,613,685)

 

(156,736,237)

Intangible assets, net

$

788,740,821

$

719,673,219

Straight-line amortization expense totaled $30,556,213 and $26,073,069 during the fiscal years ended March 31, 2026 and 2025, respectively. The expected amortization expense of intangible assets for each of the five succeeding fiscal years and thereafter is as follows:

Fiscal year ending March 31:

  ​ ​ ​

  ​

2027

$

32,544,418

2028

 

32,544,418

2029

 

32,544,418

2030

 

32,544,418

2031

32,544,418

Thereafter

 

625,996,763

Total

$

788,718,853