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The French windowing rules have taken the company to scale back its theatrical release and premiere the film directly on its platform.

The deal between both companies includes live upcoming championship events plus a library containing some of the most historic PPV sporting events.

The company, which had purchased a 70% controlling ownership stake in Insight in 2018, announced that the transaction will be completed within 30 to 180 days following the determination of fair market value.

The cuts, which add to the round of layoffs the company implemented in February of this year and that reduced its employee base by 3%, are part of a corporate effort to generate annual run-rate cost savings of $500 million.

The new appointments come as SPNI, now operating under the corporate identity of Culver Max Entertainment Private Limited, has seen some major changes at the top. The company claims to reach over 700 million viewers in India and is available in 167 countries.