Why doesn't Nintendo let estabished indie devs borrow their IPs ?

[Bman54]

Alkibiádēs said:

Veknoid_Outcast said:

Well, they do kinda do this.

Next Level Games with Luigi's Mansion 2, Punch-Out, and Federation Force
Good-Feel with Kirby and Yoshi
Arzest with Yoshi
Monster Games with Pilotwings and Excite

Good-Feel has 93 employees and Next Level games has 79 employees. That's way too big to be considered an indie developer. 

Number of employees has nothing to do with whether they're an indie developer or not. If they're a company that is not owned by anyone, and is run INDEPENDENTLY, they're an indie dev.