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Nintendo sold Rare and stopped working with Factor 5. I would say that's called "cutting ties".

In the N64 days and the GameCube launch, certainly, people looked at Rare and Factor 5 to deliver the hardware showcase titles visually in the way Naughty Dog does today for the PS3.

Rare in its hey day was basically to Nintendo consoles what Naughty Dog is to the PS3 today, probably bigger actually.