>>106669616Phase is headed towards the same fate as vshojo and it's only a matter of time before they crash and burn in the exact same way.
They have basically no viewership, their highest CCV members are a very low 4view on a good day, everyone else other than their 5 golden geese are very low-mid 3views. The entire corpo is astroturfed to hell and back, the majority of vtubing discussion both /here/ and on xitter that aren't about noname 1view twitch whores are about phase even though none of these suposed phase fans are watching the streams. They barely have any income from streaming due to this, and probably not much from merch either with how few actual invested fans they have based on CCV. Their coffee meme should not be raking in hundreds of thousands either.
Despite of all of this they somehow have enough money to hire a supposedly extensive support-staff, buy out conventions and do concerts. How? It's impossible that they are making a profit from running the bussines. The only real possibilites for why they are currently still afloat is that either sakana is burning millions of private investor money on false promises of turning a profit one day, some external funding from most likely some billionare family member burning millions on keeping sakanas hobby project alive, or they like vshojo contract wise are in a much MUCH worse than publicaly said, niji levels of percentages even.
Noticed how much "packing boxes in the warehouse" has become a phase meme? I'm not buying the story that there exists thousands of fans not watching the streams ordering from their merch shops, it feels like they are trying to get a subliminial message across that they are doing fine financially, because look how much merch they have to ship!
They even have the same vshojo-levels of nepohiring talents instead of getting actually good entertainers into the company which you can see by their CCV, if they actually hired talented people they wouldn't be stuck at 100 viewers, it all feels like a massive bubble waiting to burst at any moment.
Every single fucking dramafag is also a phase fan. Remember when that dramafag discord got lsemi-eaked? They had channels to collect rrats and happenings in every fucking corpo out there, including noname ones, but not phase for some reason. It all feels like they are just hired to shitstir in hopes of bringing down other corpos by scaring of normies due to drama in hopes that they all flock to the one corpo with supposedly no drama at all, because none of the dramachannels are reporting on any phase related drama.
I can't prove it's a massive ponzi scheme and even hope it isn't one as whilst phasecucks are the most obnoxious fanbase I've ever had the displeasure of talking to (so much that I stopped watching phase entirerly just to not have to interact with them) I still like the concept of phase as a western chuuba corpo, but there's too much pointing in that direction to ignore.