Yeah, but why is the profit low? Female vtubers definitely are more popular, but Holostars performing badly is unique to Holopro in the vtuber industry. There are tons of succesful male vtubers. I doubt the talents are the issue here.

I’d say it’s more that male Vtubers performing VERY well is almost unique to Nijisanji. Pretty sure every other male corpo VTuber is less popular than Stars. My theory is that at Niji they lean more into the BFE side, while Star streams are more “gender-neutral” and as a consequence attract less gachikois, but I haven’t really watched enough Niji to form a concrete opinion.

Yeah probably, as always. Selling shares was never a good idea.

I’m pretty sure Cover started with Venture Capital and they were 100% forced to sell either shares or the whole company. It was bound to happen since the foundation of the company, they didn’t choose to do it later.

I mean, they totally can. Other companies have done so before and so have they with the whole HoloCN thing IIRC (or at least, offered).

I personally can’t remember of a company that did that without closing down (outside of VShojo where their IPs were their property from the start), and the HoloCN disaster happened when they weren’t publicly traded yet. If you know of a situation where that happened in a public company I’d be interested in knowing, my argument on this is just based on hearsay and anecdotal evidence so if it’s a misconception I’d be glad to be corrected.