It could very well be that they had bad ideas that were not going to turn into good games and figured that out in time to cancel things and not burn more money.

It could very well be that they had bad ideas that were not going to turn into good games and figured that out in time to cancel things and not burn more money. Technically that's good management. Games are a space where ideas that seem good at first blush might take a lot of effort to prove that they are bad. There isn't much data available on a "theory of fun" so we mostly have to deal with hoping people have good ideas and brute force testing.