Worst-case scenario, it is.
(delistedgames.com)
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I hate it when companies do that shit. “We hold the intellectual property rights and even though we’ve no intention of using them for the foreseeable future, the possibility exists we might want to use them in the unforeseeable future so we will desperately hold onto them.”
There should be some kind of "use it or lose it" in IP law if the IP is purchased by someone else. The idea of IP is to incentivize creativity by allowing creators to profit from their work, not stifle it by allowing rich pedos to buy and sit on it. It should be released to the creator or the public in cases like this.
The fun part is that most of those IP's are worthless outside of their creators.