It's not a platinum owned IP. It's a Sega owned IP. Nintendo owns 2 and 3 from fully funding them and likely have a right of first refusal contract with Sega for future installments basically giving them control the IP with the way they treat her.
There is nothing confusing about it. It bombed as a multiplatform game, Nintendo saw value in the IP and stepped in funded 2 and 3, put her in Smash and in general treat her like a very important IP. Nintendo doesn't treat Bayo like Wonderful 101 or even Astral Chain they treat her like Xenoblade. The IP isn't going anywhere, Nintendo has long since took control of it by being the ones to step in and fund Bayo 2.
Nintendo is happy they get an IP they obviously see value in.
Platinum is happy they get to continue to work on probably their most iconic IP.
Sega is happy they get paid to do nothing.
Everybody involved is happy with the current Bayonetta situation from the looks of things.
- - - Updated - - -
I'm going to be negative about your negativity
No one is worked up but you. Comparing a fully funded and owned by Sega/Atlus game to the Bayonetta situation lol... Just so you had a reason to reply and try and debate someone. Yet you say other people are being negative? Can't make this shit up.