The business, launched in 2018, has been utilized in Japanese TV production and attracted interest from various industries worldwide, including advertising, music, movies, and entertainment. Its focus is on user accessibility rather than high precision. In December, a system was implemented to block inappropriate content, leading to a drop in sales. Due to personal reasons, the business has paused new registrations. It operates through two revenue streams: selling cloud server usage rights for video creation and a subscription model offering benefits like increased video upload size and unlimited storage. Despite a high subscription churn rate of approximately 20%, this segment aims to offset storage costs. Sales have significantly decreased following stricter content restrictions. Although a Japanese lawyer advised against this necessity, the business continues to filter content uploads to exclude unsuitable material.
The decision to sell arises from rising concerns over technology-related controversies, such as fake pornography and political misuse, and future legal and censorship challenges, albeit confirmed as legal by a Japanese lawyer. The business is ideal for individuals with technical expertise, particularly in Ruby on Rails, who can manage operations such as user cancellations and refunds. It also necessitates understanding and mitigating risks associated with potential technology misuse.
Operations require minimal efforts, dominated by handling a few daily inquiries and monitoring server operations, consuming less than an hour daily. Assets include brand, technology, customer databases, domains, hosting accounts, policy documents, emails, social media, and website resources. Social media presence includes 170 Facebook followers and 380 Twitter followers. Post-sale support is provided.