They aren’t exclusive entities when you consider the careers of game developers who may have otherwise been able to leverage the stability and opportunities that came from working for a large company to advance their career and eventually create successful indie game studios themselves. This is ultimately bad for indie game development though I understand the schadenfreude.

they also hardly ever make their money back

It’s almost as if the larger AAA Studios shouldn’t need to operate and they need to be split up/downsized.