For the moment this game is vaporware, and it has basically been canceled. The parties involved just want to find someone to buy it out of their hands, and probably at a reasonable loss. In other words the publisher felt the game had epic fail written all over it, and they do not want to throw good money after bad. They have accepted it was a misadventure, but would be more then happy to make back some of what they spent in development costs.
That said this rumor actually has a high probability of coming to pass. For no other reason then the fact that Sony Pictures does not want to see the license tarnished, and their contract probably guaranteed them a certain percentage of sales. So it has a certain symmetry when you realize that if they get desperate they will ask a favor of the gaming division to bail them out. The same way they bailed the gaming division out on a number of occasions. Remember those free movie pack ins, exclusive game development, and other free content in the pipe.
Basically if nobody else bites Sony Pictures is going to play the you owe me one card, and they will get the gaming division to bail the project out. Not that it is necessarily a black hole for them. They will not be paying for full development costs in this case. They will be paying for a portion of that. Think of it as buying a used car that has depreciated through neglect.
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