Since its launch in 2019, HOLOSTARS has been active for almost seven years. With the debuts of 1st, 2nd, and 3rd Gens, followed by UPROAR!!, it has grown into a group with a total of 12 currently active members and over the course of seven years, their activities went beyond streaming on YouTube, as they joined events, exhibitions, collaborations, and live shows on site.
However, the current state of the HOLOSTARS business has forced us as a company to have repeated discussions about how to maintain HOLOSTARS in a sustainable manner. We considered the future direction of the group’s activities from various perspectives. Ultimately, we have arrived at the conclusion that changing the management structure in a way that fits the current status of HOLOSTARS’ activities is unavoidable.
As a result, the company-led activities of the group, which have progressed alongside the individual activities of each talent, will be coming to a close. From this fiscal year onward, activity policies will shift to mainly focus on individual activities. Moreover, as we will reallocate certain resources, some of our support will be limited or conclude entirely.
Specifically publicly traded companies I don’t know, but Vtubers like Nene Amano (production kawaii, after it shut down) or Rin Penrose (idol corp, after being merged with Brave Group they were given the choice to leave or stay) are examples, though probably not for free.
But yeah, being publicly traded would make things harder (though the largest shareholder is still Yagoo and another Cover employee comes in 2nd)