I just don't see it, its not just about the money. Its about equal representation, and I don't think Nintendo would do that to Bandai Namco. Having Pacman is great, but we could easily make that exact argument about every 3rd party's second rep. For Capcom they got Megaman they don't need Ryu and Ken, but they are in the game. For Sega they got Sonic in they don't need a second rep, and yet they have Bayonetta. For Konami they got Snake in he is one of their mascots, but yet we have Simon and Richter. For Square Enix they have Cloud who is one of their mascots we don't need another rep and yet we are hearing we will get another Square rep.
It just is not fair to Bandai Namco despite that they are making more money. When it comes down to equal representation its not fair to them. I really doubt Bandai Namco will roll over and say not only am I okay with not getting a second rep, but I will help you make the second reps for all our rival companies.