Calm waterfall
Banned
The main issue is they would have to find someone willing to fund it, which would be very difficult in today's industry.
This is why you see a lot of independent developers who own their own IP explain that this doesn't actually have a ton of meaning without their publishing partner, since the publishers still hold all the cards with how few of them can afford to fund major games these days.
Insomniac don´t have the money for a sequel? They can self publish everywhere. Or at least a port of the old game? I mean how long first right refusal will last?