MagMag will terminate the domestic outing information post media “PLAYLIFE” service on June 16.
The business of “PLAYLIFE” was transferred from Bazukuri in December 2023. The sales revenue for the fiscal year ending July 2023 was 17 million yen. The transfer price is undisclosed.
Due to changes in the business environment of the digital media industry, the decision to terminate the service was made in order to secure a competitive advantage by more effectively utilizing limited management resources. It is stated that server costs can be reduced by 2 million yen annually.
An impairment loss on goodwill was recorded in September 2024, and the impact on this fiscal year’s performance is said to be minor.
Notice
This article was generated using automatic translation by GPT-4 API. The translation may not be accurate.
