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Can anybody clarify the ownership of this franchise? Is it Square or Disney?

I thought I read that Disney owns it. If so, and if Disney doesn't like Square's work, could Disney just tell Square to f*** off and let some other dev continue with the franchise? That's what I'm worried. Unless the deal they have was that Disney owns it but Square is the only one allowed to develop it..

I'm really going to dislike KH if they decide to bring in Marvel/Pixar/Star Wars characters into the KH games.