Recently Double Fine obtained the rights to their cult classic Psychonauts. This means once all the paperwork has been finalized they will be receiving the finances that come along with the publishers rights. This of course means that they could bring the game or any sequels to Xbox Live Arcade, but to be clear that’s total speculation. They have not announced any plans for the franchise as of yet. Tim Schafer, head of Double Fine, had this to say to the folks over at Joystiq:
Double Fine has always owned the intellectual property rights to the Psychonauts franchise. So we have always been free to pursue movies, sequels, etc.
What’s changed recently is that the publishing rights to the game Psychonauts have reverted to Double Fine. Some deals still need to be finalized before this means anything financially. When that happens, we’ll have more to announce.