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In truth, the real reason was that Myth were all the "first picks", premium talented entertainers, whereas Council at that point were the bottom of the barrel who couldn't even make it into Vshoujo, Tsunderia, Phase Connect, etc.
With Niji EN having flooded the corpo market, and most of the good indies now having audiences on Twitch so big that joining Hololive would be a financial detriment to them, I shudder to think what dregs will make up Hololive EN 3rd gen.