Video Game rights - what's the story?

[Xav]

Originally Posted by CyberCubed

TMNT is a licensed property since its not a videogame franchise. Other companies can't release different publishers games.

TMNT changes license holders to whoeever wants to make a new game. The current license holders do not own the rights to the classic games, only Konami does. So they can't be re-released.

Than how the hell was Ubisoft able to do a remake of a Konami game?