Dunno.You don't have to "See" anything, Holo and Niji have dominated the market since 2019 and still hold an overwhelming duopoly in every category. Viewership, sponsors, number of talents, CCV, subs, revenue, scale of operations, events, basically everything. Brave is just buying their way into the third spot by acquiring VSPO and now Neoporte, everything else they own amounts to pennies.
What Brave is doing discourages competition, it actively kills new opponents.
- Brave isn't buying up innovative breakout startups, it's buying up retirement homes and failed projects desperate for a way to recoup their losses. The competition it kills was never competition, it were just Brave like startups with less money and zero innovation
- meanwhile, vtubing's focus on corpos is an aberration as is, caused by the initially high tech barrier preventing indy approach that fleshstreaming had
- but with the cost of entry dropping, the corporate model makes less and less sense. Holo and Niji have their inertia keeping them up, Holo also heavily invests in events where the cost of entry remains high enough that indies can't easily compete. Even so, both have been bleeding established members in the past year, who then proceeded to indy it up.
- corpos lacking Holo's and Niji's inertia and events keep folding left and right, the window of opportunity has closed
- all that differentiates Brave from these failed corpos is that Brave can hold out longer
There arguably are still ways to succeed as a corporate endeavour. Isegye Idol went with a strict limit on size and putting out high quality events very quickly (and benefitted from a rather undersupplied market which it promptly cornered in '21 & '22, which is why this is still arguable).
But the way Brave is doing it?
Honestly, it reminds me a bit of Upd8, which also hired a zillion vtubers on a worldwwide basis (not many corpos to buy out back then), only to fall flat on its face.