Wii U cancelled games - Damage control for a bigger problem.

[Mr Khan]

Seece said:
Games/Franchises were declining before XB1/PS4 because people grew tired of those consoles. It's going to take a while for this gens install base to shoot up and therefore get back to that level of game sales.

What of GTAV then?

I think the real story is that most of those franchises (except GTA) were run into the ground last gen. Batman doesn't really count either because the last one was basically a gaiden game.