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mjk45 said:

It doesn't mean that Platinum can't put Astral Chain 2 or something similar on another console,quite often they are game specific and used to safeguard the publishers investment in an IP they don't own.

It does. Platinum can't do anything regarding the Astral Chain IP unless Nintendo Signs-Off on it. Similar to how Platinum couldn't port their Sega published games to PC, unless Sega okays it

SpokenTruth said:

You are not wholly incorrect in your assumption as that is more often than not the actual case.  But IP ownership isn't as simple as a copyright. It can be timed, it can be name only, it can be for marketing/production/distribution purposes, etc...

We would have to ask either party how ownership is set up. The specifics would be in the contracts.

True, we're not exactly sure how the rights to Astral Chain is split up between Nintendo and Platinum. For all we know, Platinum could own the game's code, but the rights to the story, characters and music could all belong to Nintendo.

Bofferbrauer2 said:

Yeah, it means Nintendo has the publishing rights. As in, they can decide where the game comes out, where and when it gets released. But that doesn't mean they own the IP.

If your name is in the copyright notice, you own some of that work. As mentioned above, it's not as simple as this party owns this, and this owns that. You'd have to ask Nintendo and Platinum how ownership of the IP is split up.