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RE: Video game franchises that have been squeezed out
Need for Speed. EA was milking this franchise, until it seemingly nobody cared anymore. But EA being EA, they just kept squeezing. Although since 2013 they switched back to a two-year release cycle, instead of releasing a new game every year. Also the latest title in the series (NfS Heat) should be quite good.
Certainly need for speed has been one of the most squeezed franchises, that has made its quality decline over time to the point that nobody pays attention to it anymore, only the newest players and fans of the saga.