You received subtitles as TTML — an XML document full of <p begin="..." end="..."> elements, namespace declarations and styling hints. It validates perfectly in a broadcast pipeline, but the player, editor or encoder you actually need only speaks SRT. You need the plain version.
The TTML to SRT Converter pulls every timed <p> out of the XML, converts the period timecodes back to SRT commas, turns <br/> into real line breaks and restores XML-escaped characters (& to &, < to <). Emphasis tags like <i> are kept so the text still reads correctly. The spoken wording is untouched — only the wrapper is stripped.