...how many game studios are left at this point that
1.) Are independent and not owned by a larger group
2.) have the ability to make AAA games
Companies like Obsidian (New Vegas), Ninja Theory (DmC), Ready at Dawn (God of War spinoffs, Daxter), who were able to freelance and work on IP for various studios are now owned by larger publishers. The last few years have seen some independent studios that tried making AAA games go through heavy layoffs- Striking Distance Studios (Callisto Protocol) and Ascendant Studios (Immortals of Aveum) are two of the bigger examples. Sure, you constantly have new studios spinning up with "former members of XXX big company", but how many of them actually want to make whatever their first game is be a re-use of someone elses IP for a "B" game?