Here's a question, can you think of a single American licensed property with figures that sells for the same price as an average Classified that has even close to as much put in? I honestly can't (granted, doesn't help that a ton of licenses are now owned by Disney).
Diamond Marvel stuff. $2 to $3 more than an average ML is still the same ballpark, IMO. How did they make their Iceman, Mr. Fantastic, Invisible Woman, Silver Centurion Iron Man etc so good, packed with so much, while being licensed to Marvel and dealing with Disney? How did they make their Hulks, Crimson Dynamos, their Juggernauts SO HUGE for $3 more than a ML Vulcan buck repaint? They pay licensing fees too.
Jada Street Fighter
NECA TMNT, Gargoyles, and just about anything else they do (and I know their price is higher but if a Marvel figure offered that level of quality, each time I'd happily pay it).
If I were a wrestling fan I'd be pretty happy with what I see from Mattel.
And I know people are ready to counter everything I just listed one way or another. I've typed this all before, it's fine. And we aren't provided with any numbers on this from Hasbro so it's all us just guessing anyway.
To me it just boils down to two different lines that, IMO, have such a huge quality gap on average that they often look like they're from a different company. I personally don't feel licensing is the main reason.