Personally, I think Nintendo should be more invested into the series. They should have done a physical release for the 5th game in North America and packaged it with the 4th game that we never got. I think if Nintendo were to invest in any mature series, Fatal Frame would be good since it very much is something Nintendo would make if they were to make an M rated game.
However, the claims that Nintendo killed the series are bogus. First of all, the series may have started when Silent Hill, Resident Evil and Clock Tower were at the top of their game but that was just a coincidence. Sales for the series have always been terrible. There have never been big marketing campaigns. The fact that we even saw three games in the series prior to Nintendo's takeover is nothing short of a miracle. The fact that Nintendo got their hands on the series is surprising given that prior to the 4th game, the series had never appeared on a Nintendo console. That means that Sony or Microsoft or any of the other major players felt the series wasn't even worth their time.
It's kind of like Bayonetta 2. People were mad about it being exclusive to Wii U even though it wouldn't have existed. The difference is unlike Fatal Frame, Bayonetta actually had a market to work with, so getting a western release wasn't even a question.
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