>>107205353It may seem like a good thing that “everyone is popular,” but in reality it also means that the burden placed on each individual talent becomes heavier. On top of that, the EN market hasn’t grown as much as expected, and import taxes and regional barriers make it even harder to expand the fanbase.
For example, while Anycolor has had many graduations, none of their truly top-level, core talents have left so far.
Among those who have graduated, the only ones who were considered major figures were Mayuzumi and Suzuhara Lulu.
Cover, on the other hand, has been losing talents who were important in terms of popularity or revenue. And no new talents have emerged to fill those gaps.
In their latest financial report, Cover acknowledged that the losses caused by graduating talents have not been offset by the newly debuted talents.
Until now, Hololive did not have many graduations, so the company was not affected by this issue. But now that multiple graduations have happened in a short period of time, the impact has shown up clearly in their financial results—and as a result, investors no longer see Cover as an attractive investment.
Anycolor distributes dividends to its shareholders. Because of that, even if growth slows down, investors remain satisfied. However, Cover does not distribute dividends, and the latest financial results made it appear as though their growth has stalled. As a result, shareholders are pulling away.
The difference in stock performance between Cover and Anycolor is simply a reflection of that situation.
