Konami no longer producing AAA titles

I honestly feel that a company not interested in AAA games is a good thing. Companies focusing on AAA games with a 'go big or go home' attitude is doing more harm then good to the video game industry. It's actually refreshing to see a company shun AAA games.

But then, this is Konami. They've already made it clear that they intend to back out of console gaming once MGSV is a done thing and be a mobile company. So, this is just another nail in the coffin of their franchises.

I'm not surprised by the news, but I want to view this as a opportunity for positive change. It's good to see a big gaming company not rely on AAA games in order to find success and I hope their new target audience enjoys their games.

I hope Konami's older franchises end up in good hands with re-releases across as many platforms as possible (bundles like the Sega Genesis/Megadrive Classics Collection would be nice) instead of just mobile ports and pachinko machines. If not, well, then it's up to the fans to keep their older games alive.

I'd be fine with smaller games. Lately, I've come to realize I don't have as much time as I used to before to finish huge games (as of now). Quality over quantity, although they have a lot to make up for.

I can only hope they sell their IP's to developers who can continue the legacy.

Don't forget Metal Gear Solid 6: HIT THE LEVER.

Apparently Konami is denying this rumor, though no public statement has been given.  Granted, this is just a CSR response, but then again, the reports are just rumors. 

They didn't answer any of the questions. Then again, asking directly what they will do with the Fox Engine now is probably something they don't want to discuss. My guess, given how superstitious they've been rumored to be, is that they are burning it at the stake.

I think they should either license it out or sell it, unless the engine works for cheap mobile games in which case we're doomed.

You are right those IP's are going to collect dust for a good long time before konami even entertains the idea of selling or lending out IP's, i do not see them selling but the really bad side is they have all the hudson soft titles too so i will be really sad that they hold so many big name titles that will be left to collect dust. I do hope that before oct 5th that they drop castlevania DS on the wiiu eshop so i can play it on the 10th year anniversary on the tv.

Sure they did.  If someone asks you "where are you going to live now that your house has burnt down?" then answering with "Actually, my house is just fine," is a perfectly good answer.  You don't have to explicitly say where you're going to live;  obviously you are going to keep living in your home.  Likewise, there is no need to answer the question "what are you going to do with the Fox Engine?" if they already debunked the assumption "now that you've moved on."  They haven't moved on, so they'll either keep using the Fox Engine or use something else as they choose.