"No Masa! Don't call me the n-word again! Please no!"Sawa Sama

Idol Corp - Sniffing out the most golden and smoky controversies in the vtubing industry.

PleaseCheckYourReceipts

Well-known member
Joined:  May 6, 2023
Every rumor is true, huh.

Despite Brave's business strategy of just buying their way to mediocrity, their current EN groups are at least competently managed and given that Idol has gone from crisis to crisis, management like V4M's would be a vast improvement.

On the en side, I would agree, but they have a money printer on the JP side, so they can afford to grow like this, so I can't critique their strategy too much. TBH, the biggest thing holding EN Vtuber Orgs back right now is Management capability.

If you have enough funds, you can buy yourself into a permanently profitable position. It's just a question of how much money it took to get there. They're definitely here to stay, or at least have the funds to get in the game.
 

Paladin

Resident Sad Girl Enjoyer
Joined:  Jan 5, 2023
Has anyone said if they're taking the offer to take their current identity and go indie?

That does seem to be the theme for this entire year.
That will take a few days as they need to go over what Brave is offering. However, menace is probably going to dip, given how much she has been investing in her other account.
 

Just pretending

The Great Bald Rrat
Early Adopter
Joined:  Sep 10, 2022

RestlessRain

Well-known member
Early Adopter
Joined:  Sep 21, 2022
Imagine having to sell your business because you're the only Jew who can't run a business and make a profit.
 

Aquatic Novellite

Freshwater Shiorin
Early Adopter
Joined:  Oct 10, 2022
Brave now has
  • 83 JP (Seven Projects)
  • 36 EN (Three Projects)
  • 5 ES (One of EN's three projects, because ES doesn't deserve a project on its own)
I might've counted some ENs as JPs or misscounted members somewhere. I justly blame Brave's ridiculous and for its smaller projects, quite poorly documented corporate structure for this.

Not included is Idol's upcoming gen, though whether that one still happens is up in the air.

Compare to Holo
  • 52 JP
  • 29 EN
  • 9 ID
Brave biggest corp in the EN sphere by member count confirmed.

That's right, boys and girls. Nijisanji EN has less members than Brave's various EN projects.
Imagine having to sell your business because you're the only Jew who can't run a business and make a profit.
Mizrahi, pls understand.
 

Murrayしないで

Just go live!
Joined:  Nov 18, 2022
Brave now has
  • 83 JP (Seven Projects)
  • 36 EN (Three Projects)
  • 5 ES (One of EN's three projects, because ES doesn't deserve a project on its own)

I think you're counting Globie as EN, right? Brave themselves seem to be counting geographically, saying they have 26 talents in their US branch.



By my reckoning, that's 8 in V4Mirai plus 18 in Idol (13 EN, 5 ES). I guess this means Idol management will now be based in the US rather than Israel.

I guess VSPO EN is not under their US branch.
 

Aquatic Novellite

Freshwater Shiorin
Early Adopter
Joined:  Oct 10, 2022
Yeah, Globie as EN.

Although I think I might have missed VSPO! EN altogether.
 

God's Strongest Dragoon

Well-known member
Joined:  Mar 20, 2023
If you have enough funds, you can buy yourself into a permanently profitable position. It's just a question of how much money it took to get there. They're definitely here to stay, or at least have the funds to get in the game.
The point about people comparing them to Embracer feels inappropriate. Embracer spent money to acquire all these companies, funded their projects, and then were vulnerable to flops, which cascaded across all those companies because they never had a strong pillar to support their fuckups.

Meanwhile the only real events causing Brave to lose money is acquiring the branches and funding their debuts/launch. Most of these projects, despite their size, are likely running with net operating cash flows in the black by the end of year 2. Even the relatively small branches like Globie are potentially operating in the black as a lot of vtubers that aren't super successful are doing it as a side job, which is less of a burden on Brave than Embracer having to support the salaries of numerous dev teams.
 
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Nenélove

Menace of the Asylum
Early Adopter
Nene's Pet Latinx
Latinx/Latine
Joined:  Sep 16, 2022
The point about people comparing them to Embracer feels inappropriate. Embracer spent money to acquire all these companies, funded their projects, and then were vulnerable to flops, which cascaded across all those companies because they never had a strong pillar to support their fuckups.

Meanwhile the only real events causing Brave to lose money is acquiring the branches and funding their debuts/launch. Most of these projects, despite their size, are likely running with net operating cash flows in the green by the end of year 2. Even the relatively small branches like Globie are potentially operating in the green as a lot of vtubers that aren't super successful are doing it as a side job, which is less of a burden on Brave than Embracer having to support the salaries of numerous dev teams.
Which is the really bad part of vtubing: With 20k or so you can just debut a bunch of girls and let them passively generate income and work themselves to death while you do basically nothing, vtubing honestly can be done with 0 operating costs apart from the initial investment.
 

frz

Well-known member
Joined:  Oct 1, 2023
The point about people comparing them to Embracer feels inappropriate. Embracer spent money to acquire all these companies, funded their projects, and then were vulnerable to flops, which cascaded across all those companies because they never had a strong pillar to support their fuckups.

Meanwhile the only real events causing Brave to lose money is acquiring the branches and funding their debuts/launch. Most of these projects, despite their size, are likely running with net operating cash flows in the green by the end of year 2. Even the relatively small branches like Globie are potentially operating in the green as a lot of vtubers that aren't super successful are doing it as a side job, which is less of a burden on Brave than Embracer having to support the salaries of numerous dev teams.
I like how everyone thinks idol is in the red while globie and every other company is in the green.
1. Brave provides way more than debut for their talents. For example they just hold a 3d concert for v4mirai. And they even paid ironmouse and kson to be there. I don't think brave will stop giving out these (3d concerts and 3d model for the talents)

This is great for the talents. But there is no world where they are operating in the green.

2. They are using fundraiser money, i.e. scamming billionaires, not their own. Those billionaire wants to see hololive level revenue after a set amount of time. Not being barely at the green.

3. They are also building physical offices for literally everything under the sun. And not the cheap 1 room office kind. Tower office building kind. Even places that they have had 0 vtuber in.
They are building an office in thailand for example.
Edit: my bad they did debut a few thai vtuber last week. That being said the building were started in like 2023.

4. If you look at their home page. There is so much metaverse grifting in it, it's really hard to think of it as not a scam in some way.
 
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bothyourhouses

Well-known member
Joined:  Sep 28, 2022
Brave now has
  • 83 JP (Seven Projects)
  • 36 EN (Three Projects)
  • 5 ES (One of EN's three projects, because ES doesn't deserve a project on its own)
Did you forget the HE talents?
 

God's Strongest Dragoon

Well-known member
Joined:  Mar 20, 2023
Which is the really bad part of vtubing: With 20k or so you can just debut a bunch of girls and let them passively generate income and work themselves to death while you do basically nothing, vtubing honestly can be done with 0 operating costs apart from the initial investment.
Fishman said he started his company with about 50k and he was in the red for a while but he's positive net cash flow. Obviously the cost of investment has increased over time but when you have an apparatus of numerous branches passively generating income, it's more like one of those idle income generator games.

I like how everyone thinks idol is in the red while globie and every other company is in the green.
The only real accusations of Idol being in the red are the refunds on donothons but that's likely not enough to nuke their cash flow. Nowhere in my statement did I state that Idol is in the red, if anything they're horribly mismanaged.
1. Brave provides way more than debut for their talents. For example they just hold a 3d concert for v4mirai. And they even paid ironmouse and kson to be there. I don't think brave will stop giving out these (3d concerts and 3d model for the talents)

This is great for the talents. But there is no world where they are operating in the green.
Yes, but the only branch that got 3D super early to my knowledge is V4Mirai. I don't follow globie but I don't believe any of them have received 3D models yet despite their first gen being out for nearly 8 months. Meanwhile if you look at V4Mirai, Gen 3 is getting their 3D debut in less than 4 months. The fact that they threw extra money at V4Mirai shouldn't be surprising at all considering it was their tip of the spear for making a beachhead in the EN market. By all measure, that branch appears to have established itself with nearly all the girls at 30k+ subs and resting firmly in 3view territory.
2. They are using fundraiser money, i.e. scamming billionaires, not their own. Those billionaire wants to see hololive level revenue after a set amount of time. Not being barely at the green.
These are venture capital investors, not your standard shareholders that have zero concept of time. They invest early and want to know their sizeable investments will have high ROI down the road. The company has been around since 2017 and they've seen notable growth in the industry. The fact that a lot of their growth is through M&A is likely not concerning to their investors since the company is first and foremost a holding company, they're doing literally what they are designated to do.
3. They are also building physical offices for literally everything under the sun. And not the cheap 1 room office kind. Tower office building kind. Even places that they have had 0 vtuber in.
They are building an office in thailand for example.
They debuted an all male vtuber unit in Thailand this week through AStars production called "Chrono Prince" and they've all got 10k+ subs.
4. If you look at their home page. There is so much metaverse grifting in it, it's really hard to think of it as not a scam in some way.
Literally every single company is doing this, regardless of whether they're actually following through with it. This is just SOP for IR right now.
 

Aquatic Novellite

Freshwater Shiorin
Early Adopter
Joined:  Oct 10, 2022
Did you forget the HE talents?
Included in EN.

Which is what Idol did, too, with the rebranding to Idol Origins.

I still missed a bunch of things, mind you. A Brave Group chart would be handy, but quickly outdated and might accidentally summon a great old one.
 

Helkar

Well-known member
Joined:  Jun 14, 2024
Fishman said he started his company with about 50k and he was in the red for a while but he's positive net cash flow.
In his most recent public appearance, aka Filian interview, he's also said that the costs have gone up substantially since then and that sum is no longer enough.
In that same interview he's said that Phase was profitable("in the black" was the exact quote IIRC), avoiding details, and him and Lumi commented on Phase's 2023 commission expenses being in "high six figures" - which i suppose isn't too surprising, in 2023 they commissioned a total of 13 brand-new models, among everything else.

Ironically, i think the above information is the most that's publicly available about any small corpo's finances, outside of that one VAllure chick posting her earnings a few days ago.
 

Bronze

Well-known member
Joined:  Nov 2, 2023

Planetary Bombardment

It's the only way to be sure.
Joined:  Jan 7, 2023

MerelyTourist

jkterjter jkterjtier
LM's Ladyboy
Joined:  Feb 5, 2024
Which is the really bad part of vtubing: With 20k or so you can just debut a bunch of girls and let them passively generate income and work themselves to death while you do basically nothing, vtubing honestly can be done with 0 operating costs apart from the initial investment.
haha nice jest

To me Brave looks like Robin Hood operation, they scam boomer investors out of their money to sponsor young entertainers. They're probably in red just from operation costs, nevermind all the acquisitions and offices.
Phase seems to be self-sustained now, not sure about debt-free.
Vshojo - no idea really, probably swinging around black line, they really need more people to turn stable profit.
Holo is well-rounded and printing money.
NIji is sustained afloat literally by a handful of JP streamers, bubble is very burstable.
 
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NotDecatto

BREAK GLASS IN CASE OF MENHERA
Joined:  Oct 21, 2023
What contract did LM exactly review I wonder? Was it the Idol Invaders/ES contract or the Brave Group post-merger contract for all of Idol Corp? I guess the transparency and contract reveal will be a no-go by now.
 

MerelyTourist

jkterjter jkterjtier
LM's Ladyboy
Joined:  Feb 5, 2024
What contract did LM exactly review I wonder? Was it the Idol Invaders/ES contract or the Brave Group post-merger contract for all of Idol Corp? I guess the transparency and contract reveal will be a no-go by now.
LM really took an L with that one, huh?

Anyway, it's all irrelevant now. Andrew can show his draft, but it'll be purely theoretical "it'd be cool if". Idol contracts are as good dissolved at a moment (maybe even actually legally dissolved), because Brave have their own contracts.
 

PleaseCheckYourReceipts

Well-known member
Joined:  May 6, 2023
What contract did LM exactly review I wonder? Was it the Idol Invaders/ES contract or the Brave Group post-merger contract for all of Idol Corp? I guess the transparency and contract reveal will be a no-go by now.

LM really took an L with that one, huh?

Anyway, it's all irrelevant now. Andrew can show his draft, but it'll be purely theoretical "it'd be cool if". Idol contracts are as good dissolved at a moment (maybe even actually legally dissolved), because Brave have their own contracts.

Or LM actually was brought on to help with that chunk of International M&A as a fairly cheap entry point advisor. While cheaping out on Lawyers can normally go badly, when International acquisitions, getting anything cheap is a steal.

Opens up an interesting timeline, actually.
 
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