Asha’s goal isn’t to make great games, nor was that Phil Spencer’s goal. Their goal is to make big money for Microsoft. Phil’s strategy was Game Pass. He was hoping for 100 million subscribers, but when that didn’t happen, there were huge concessions that we’re still seeing.
Microsoft is not interested in making a new Banjo game because Microsoft is not interested in making games that you want to play. They are only interested in maximizing their profits, and depleting your wallet with trend chasing slop. Nuts & Bolts is Banjo-Threeie.
There’s much more to the story, such as Rare’s own many shortcomings. Also consider, the N64 sold pretty poor in Japan. And many of its best selling games skewed more Western (GoldenEye, Banjo, etc). Nintendo wanted to win back Japan, and Rare wasn’t going to help them do that.
Truth. I know many wish Nintendo bought Rare and have argued relentlessly as to why they didn’t. But the long of the short of it is, Nintendo didn’t think Rare was worth the asking price, and sadly it’s not hard to see why when looking the situation from an objective view.
By the end of the N64 era, Rare was missing deadlines and their output was slowing to a crawl while development costs skyrocketed. When Rare co-founders Tim and Chris Stamper put their remaining stake up for sale, they triggered a bidding war hoping Nintendo would overpay out of sentimentality.
Hiroshi Yamauchi looked at the math and refused to bite. Rare only accounted for a tiny fraction of Nintendo’s revenue at the time, and critical talent was already leaving the studio to form independent teams. Crucially, Nintendo owned the rights to Donkey Kong and Star Fox, meaning Microsoft was paying an inflated 375 million dollars for a logo and a handful of niche intellectual properties.
Passing on Rare wasn't a mistake; it was letting a competitor spend a fortune on a studio that had already peaked, freeing up resources for Nintendo to build their own internal teams and weather the GameCube era.
Chrysalis about to hit an emotional height she’s never known before just to literally scream at it and bury it because she’s THAT dedicated to being evil