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/vt/ - Virtual Youtubers

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>> No.46306226 [View]
File: 78 KB, 946x409, 1676739570934.png [View same] [iqdb] [saucenao] [google]
46306226

>>46305903
It's revenue share in their official translation. Cover's margins are awful because they share everything with the talents. You can literally see where their gross margin dropped from 48% to 38% in FY2022 when merch/IP became 50% of their revenue.

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