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Both Nijisanji and Hololive realized that the vtuber fade was over after 2022 because of the end of Covid, so they decided to go public in 2023, and the founder members did a sale of their shares in the japanese stock market.
Riku Tatsumi and the rest of the founder members, decided to cash out 90% of their shares, to get money and just maintain their positions in the company.
Yagoo and the rest of the founder members, decided to cash out 49% of their shares, to get money but also maintain the majority of vote at the stockholder voting and maintain their position and majority in the company.
That's why Nijisanji (Anycolor inc) doesn't give a fuck about their talents because most of the decisions are made by anonymous stockholders that have a majority of votes, so they decide the direction of the company.
While Hololive (Cover corp) care about the talents because the Yagoo and the founding members at the beginning of the company still have a majority of vote in the stockholder reunions, so they pretty much decide the direction of the company.
