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Making new IPs is risky and most companies are adverse at taking risks.
It is a huge investment to develop a new IP too but it can be successfull.

A good example is AC, a totally new IP that has sold over 5 millions copies over both HD consoles...



PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !

PS3-Wii gap : 20 millions and going down !