I don't want to dismiss the idea out of hand but I feel like they're using terminology which is obscuring how things will actually run, which seems to be that you will pay for management and "corpo benefits" (editing, merch production, sponsorship hunting) up front rather than from a cut of your earnings, much how indies pay traditional indie managers, editors, etc. But by using the word "audition" when it's really more like you apply for their services, and by using the word "corpo" in the first place, they're putting a corpo veneer on something which is nothing like a corpo in almost all respects. And it seems to be done in such a way that it's really hard to give them the benefit of the doubt that it's not being done intentionally, even though I don't understand what they stand to gain by confusing their potential members userbase customers like this.
Unrelatedly, someone in the groomcord reminded me why the name Pippin Otter was familiar - apparently this was the chick who went on Ethan Ralph's show to slag on vtubers back when he was feuding with them for some fucking reason. That gives a lot of different types of people reason to have doubts about her character - I sure do. And of course we also know about Blaise's stability as of late.
tldr: Maybe not a bad idea but so far poorly communicated and owned by human land mines.