Jurassic Park and Frictional Games....

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It would be interesting, sure, but personally I'd prefer Frictional to use their abilities to create unique and entirely new game worlds. It would feel like a waste of talent to me if they'd simply be tasked with giving a new spin to an established franchise. Besides, they probably don't have enough money to buy the rights entirely so they would be dependend on whoever is holding the rights and wouldn't have the creative freedom to make the game as they see fit.