Lionsgate has sold its South Asian and Southeast Asian streaming operation Lionsgate Play to Rohit Jain, the executive who developed the service during an eight-year tenure as president of Lionsgate Play Asia.
The studio disclosed the deal Tuesday. Jain will leave Lionsgate to take ownership of the streaming platform, while the studio retains its theatrical distribution and television production operations across the two regions.
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Jain has secured a multi-year licensing deal that grants him rights to use the Lionsgate Play branding and draw from the studio’s content catalog for the streaming service.
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