With Evo, DriveClub was not only delayed (originally supposed to be a launch window title), I remember reading rumours that the game had to be rebuilt, new teams brought in, and then when it launched it was a mess, even with the success it seems to have now I wonder if it'll ever recoup the cost of development.
I wonder if ultimately Sony gave them more freedom to do what they wanted, because it didn't really make sense when Sony already had GT, and then when things went wrong that freedom meant they couldn't hide, they had to eat the bullet. A shame, I really enjoyed MotorStorm.
I don't know enough about Lionhead, but it sounds like they were never getting anywhere/gaining any traction with their game.
These companies have money, yes, but if you keep throwing money at things that don't make money back your going to run into problems, and your shareholders will expect you to deal with it.