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In terms of great games produced, I'd rank the list as follows:

 

1) Retro (2000-present)

2) Bungie (2000-2007)

3) Naughty Dog (2001-present)

4) Monolith Soft (2007-present)

 

This is limited only to Nintendo, Sony, and Microsoft subsidiaries, and omits partnerships like Rare (1994-2001).