Core Insights - Lionsgate has sold its Lionsgate Play streaming platform in South Asia and Southeast Asia to Rohit Jain, who has been instrumental in building the service over the past eight years [1] - The transaction allows Lionsgate Play to operate under founder-led ownership, emphasizing regional expertise and targeting Asia's growing digital entertainment market [2] - Lionsgate will continue to license the Lionsgate Play name and provide access to its film and TV library under a multiyear agreement [2] Company Transition - Rohit Jain will fully transition to managing Lionsgate Play and will exit Lionsgate as part of the transaction [1] - The Lionsgate brand has gained significant recognition in South Asia and Southeast Asia, with Lionsgate Play emerging as a premium streaming platform in a rapidly growing market [3] - Rohit Jain expressed gratitude for the opportunity to build Lionsgate's business in India and aims to expand Lionsgate Play beyond its current offerings [4]