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You don't know the terms of the deal among Nintendo/ Platinum/ SEGA, for all we know, it could be a guaranteed exclusive indefinitely. I wouldn't assume just because SEGA owns the trademark for the franchise that they didn't grant Nintendo complete exclusivity. Nintendo is paying for all the publishing, so that does really sweeten the deal for Platinum and SEGA. If I recall, a PS3/360 sequel to Bayonetta was canceled over a year ago because it was too expensive, no?