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Never heard of this. Is this a loss for someone - whatever "VReverie" was?
On it's own, VReverie shutting down is actually a good thing. They're management is notoriously abusive. Of the 14 talents they hired, only 2 remained (technically 3 if you count Furi).
On the larger scale, it's adding to the pattern of small Vtuber agencies shutting down this year. PRISM, EIEN, Production Kawaii, and now VReverie.
At least in Prism's case, the decision came from up high in Sony. The talents had nothing bad to say about their immediate management.
I briatcookiebox vague posted about talking to her lawyers about if NDAs were still in effect if the company closes, so there may be stories to come.
they had some genuinely great talents but literally everyone seems to have hated it, and they had what, 2 active streamers?
no idea how this community takes to discussing PLs, but in general, as far as I can tell, all of the the ex talents have gone out to greener pastures successfully. The only good thing they did was springboard talents.
OK, it seems to be about "having talents" and "having streamers", and about "PLs", whatever they are. I still have no idea what this is about.
Not sure if this specifically is the issue here but I'll try to explain. Ignore it if I misunderstood your confusion.
Talents/streamers are people behind the avatars, it's a different name for the same thing.
PLs (past lives) are the personas (name and avatar) used by streamers for their activities before their currently used one (people often stop or minimize activities of a specific persona when joining an agency/going indie etc).
This news is specifically about a an agency closing. Agency is a company which takes streamers under their wing as employees/contractors, (usually) providing them with a new persona and taking care of various legal, logistical and business matters. In return they take a chunk of money streamer earns (from donations, merch, collabs with companies etc).
Thanks. I never realized that this was a thing. TIL.
It was a smaller agency with rumors (?) about toxic management and other issues common for black companies. Most of the reactions I've seen are neither surprised nor sad about this turn of events though I do hope talents make it out alright. At least some of them will keep their IP (models and persona) and intend to keep going as indies so there's that.