Playboy’s chief executive Scott Flanders has announced more outsourcing contracts to follow in the coming year, making Playboy more profitable, according to the Chicago Tribune,

This follows previous news that Playboy Enterprises had outsource all business functions except editorial to American Media.

Flanders told the Chicago Tribune that the Chicago-based media conglomerate could cut its headcount of 573 employees by half as partners take over its existing operations and expand into new ventures.

Playboy also will proceed with plans to open "four or five" additional entertainment venues with partners by year-end, including a casino in Mexico and a nightclub in Miami.