>>46611605People disputing that are silly, of course they all kept their own management structure.
There is an overlap tho, in the upper levels. There is no "Hololive Promotion Manager (Overseas Business)" and the Holostars equivalent, the "foreign operations" is managed by the same team at the upper level, making directions for all branches
Here is an old jobs advertisement for Hololive back when they were in a hiring spree
https://web.archive.org/web/20210414083151/https://herp.careers/v1/coverThe day to day decisions are all done at the agency level with Holostars and Hololive being autonomous but there is a level of coordination at the higher levels that impact on both