Disney lost so much money they can't do lobbying anymore and extend their patents
L M A O
(media.kotakuinaction2.win)
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Probably. It was never confirmed, but the timeline lines up almost too perfectly for anything else. Because they didn't just pull up one day and say "let's use an obscure IP to make a shitty horror movie that we don't advertise."
So its either a massive coincidence, or Scott pulled out of the deal with the guys behind the first announced FNAF movie some years back and they just went ahead with it anyway with different costumes and names.
I loved that show as a little kid.
Looking at it now (along with the rest of the stuff from the late 60s and early 70s that they showed on Saturday mornings) ... wow, they were really selling the hippie motif to kids hard.