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I think their first mistake goes all the way back to N64 with RARE.

They should have bought them out JUST for the IPs, who cares i the people left as people are replaceable.

Back to the topic at hand, They need to release that 3rd parties dont give a damn about them and move on. Therefore, I agree they need to create more studios or purchase some good IPs that are going bankrupt. Another mistake, when THQ went under there was a fair few good IPs they could have picked up.