They didn't do anything with Spyro. They never owned the IP, so when their contract with Universal for 3 games was up, they moved on. Essentially they are doing what they did with Spyro, as Sony owns the IP and will continue making games thru other developpers.
Oh ok thanks for the clarification, I honestly didnt know Spyro was actually owned by Universal lol. Than again I guess that would explain the Universal logo...XD