Over the last couple of days rumors have spreading around about the cult classic horror game, Silent Hill, coming back to life. Particularly, regarding the rumors about how Sony buying the rights to series along with other Konami IPs such Castlevania and Metal Gear Solid. Unfortunately, those rumors ended up leading no where as Konami made a statement just yesterday saying that they are aware of the rumors and claimed that they are not true.
However they did say that any further use of the franchise is not completely off the table, just not in the way people are thinking.
Griffin's Gaming Industry Blog 