Key Highlights
- Rohit Jain has been president of Lionsgate Play Asia for eight years.
- The deal allows Lionsgate Play to operate under founder-led ownership.
- Lionsgate will continue to license the service name and provide access to its content library.
- All other Lionsgate film and TV businesses in the region will remain with the studio.
- The transaction is seen as a response to increasing competition in India's streaming market.
