>>107252276The size of the fanbase each Hololive member carries is on a completely different level compared to Nijisanji.
Because of that, even a single graduation in Hololive can have a visible impact on the company’s performance.
On the other hand, although Nijisanji has many graduations, aside from a handful of top members, most graduations don’t cause a major impact.
Hololive fans often boast about subscriber numbers, but conversely, that also means the company is highly dependent on each individual talent.
Even if individual subscriber numbers are lower, Nijisanji compensates through the sheer number of talents.
And in reality, there actually haven’t been that many Livers who contributed massively to the company and then graduated.
The “holes” created by those who do graduate tend to be small, and Nijisanji fills them with new Livers joining the roster.
Hololive, however, hasn’t been able to do that.
No new talents have emerged with enough popularity to fill the gaps left by those who graduated.
This was reflected in their most recent financial results.
