In a surprising turn of events, the CEO of MyHolo TV, Kel Win Tan, has revealed that MyHolo TV Entertainment will officially cease its operations as of 31 May 2024. This decision is due to the need to restructure the organization due to lacking the necessary resources to operate efficiently.

The restructuring process is expected to take about a year, although it is unclear when the activities will resume. Despite the temporary hiatus, MyHolo TV Entertainment remains open to exploring potential investment opportunities with better strategies, while maintaining its commitment to sustainability.

Talents under MyHolo TV such as Liliana Vampaia and Lunaris Urufi will be entering into a newly revised contract regarding the usage of the company’s intellectual property and services. Liola Lightbringer, on the other hand, will have her selected intellectual property, such as some of her character outfits and social media, transferred to her ownership.

[Press Release] Official Announcement: Inactive Operation Notice for MyHolo TV

Dear MyHolo TV fans, thank you for all of your support. MyHolo TV will cease its operations until further notice after May 31st, 2024.

More info: https://t.co/lyofEOo8Ky pic.twitter.com/RUHeXm0sdt

— MyHolo TV (@myholotv) May 1, 2024

Additionally, Karrot Keromi will return to her original identity as “Karrot” upon mutual agreement for an early release of their partnership contract. However, the IP rights of Karrot will continue to be held by MyHolo TV.

The scheduled events and merchandise orders for May 2024 will proceed as planned. However, fans of each talent must stay tuned to their respective talent’s social media for updates on their plans after 31 May 2024.

The official social media accounts of MyHolo will continue to serve as an archive for fans.