Videogames? My extremely stupid or brilliant plan?

My fellow apes with gaming experience, Q for u.

There are tons of game franchises that have been dead for decades...

Owned by companies or individuals who have zero plans to do anything with them. Some have cult followings. For example something like Thief.

High level idea:

1. Find a dormant IP with a cult following. No new release in 10+ years.
2. Negotiate conditional license/option with the rights holder — small upfront fee  for the exclusive right to run a preorder campaign using the IP
3. If the campaign hits its funding minimum, the full license activates. If it doesn’t, the option expires. Walk away having spent almost nothing.
4. Release game episodically instead of as one massive project

Dev costs have come down quite a bit, for small indie projects like what this could be, and I don’t even think you need the latest and greatest production. Just need to slap people in the face with nostalgia?

I already have meetings lined up with a few large IP owners as I am more of a retardmaxing shoot from the hip kinda guy.

Any thoughts on this strategy?