Why are licensed game engines being used more frequently?

Published: 22/06/2017
Why are licensed game engines being used more frequently?
Source: WWW.GAMEDEV.NET

So recently, I noticed that some Japanese devs are starting to use licensed game engines rather than custom game engines such as how Nintendo is using Havok for Botw, or how Shenmue 3 is using Unreal 4 engine I think.... I always had this belief that custom engines are better than licensed engines simply because said engines don't require royalty fees and can be reused and modified over again sav

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