Sony/naughty dog owns the source code for the first three games, and owns outright crash team racing. What Activision owns is the intellectual property (Crash, the name, the character, the franchise).
We know that Vicarious used the original games geometry in some way. It's worth waiting until the full nature of this deal is disclosed tbh, could still go either way and Acti might just be playing hardball with Sony so they get a bigger hat of money. Who knows. It's clear that the original trilogy couldn't release anywhere else, so how a remaster circumvents that we don't know yet. (I don't think they COULD circumvent exclusivity if any of the source code from the games remain in tact)







