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Nintendo owns a majority of Monolithsift (80%), with Namco and the studio’s higher ups owning the rest. They’ve developed games since the buyout without Nintendo’s involvement too (Project X Zone, DBZ: Attack of the Saiyans, Super Robot Taisen OG - all Namco published). The possibility is there, it just requires them to 100% fund it, which would be tough and perhaps not worth it. I believe Brownie Brown and Creatures did smaller games like that too.