>>38707841When it became too big and became over complicated:
Covid killed off 3D streams unrelated to Birthdays and Anniversaries
Copyright Holocaust killed off playing any and all games and hamstrung them in needing to go through a tortuous approval process not guaranteed to always work
Loss of Chinese market cut off access to alot of gacha games and especially Genshin Impact
A series of yabais including but not limited to Aloe, Taiwan, Coco grad, and Rushia firing; along with growing disappointment with EN in general and Council in particular has shriveled up the overseas fans into a husk of its former self.
Even if things were to shrink, Hololive can never go back to simpler times. Once you become corporate, you don't unbecome corporate. As bad as things seem right now, just wait a few years from now when some of the big names depart and Hololive JP is in drastic decline.