Nintendo now co-owns the intellectual property rights to Project Zero – known as Fatal Frame in North America – according to a report on Rely On Horror. Nintendo apparently added Tecmo's spooktacular franchise to its list of copyrights. Furthermore, it appears that Nintendo wholly owns the IP for Spirit Camera, the Fatal Frame spin-off recently released on the 3DS. The company also has ownership and publishing rights for Project Zero 2: Wii Edition, which is slated to hit Europe later this year (still no North American announcement for that one). 

Crazy, and yet, given the relationship that Nintendo, Tecmo, and the Fatal Frame series have shared over the past few years, I'm not surprised at all. I'm just disappointed that Nintendo of America refused to release Fatal Frame IV here, and have yet to say anything one way or the other on the Wii edition of Fatal Frame II.