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Shadow1980 said:
Blame capitalism. Profit is king, and nostalgia sells. Every single thing a corporation does is purely an economical calculation. That's all there is to it. Big publishers always want to have something proven and reliable to keep generating money. That's not to say they won't try new things. They do, and sometimes it works out for them. Destiny and Horizon Zero Dawn are the two best selling new IPs this generation. But how many other new IPs don't become profitable? Game development is an expensive endeavor, and that makes spending all that money on something unproven a big risk, and most large corporations are extremely risk-averse.

I agree.  It's not only in the video game industry but also the movie/TV show industry.  Sure there are some new movies/shows but then most of the others are reboots, sequels, prequels, based off a book, comic book, a true story, a person etc...