Essentially, if Warner Bros. ever goes under, Straczynski and a chunk of Babylon 5 fans would be long gone by the time the rights to the series reverted back to him.
Michael Straczynski tweeted like a man frustrated and defeated as he stated quite plainly to the Babylon 5 fanbase the series has no chance at a television revival.
The news got even worse, as Straczynski stated that since WB is considered a “living entity,” that means it retains the rights of the show up to 50 years after its death.
The situation is incredibly unfortunate as Straczynski certainly has a want to bring the show back, but said that Warner Bros. won’t even spend money to convert old episodes to HD or release the series on Blu-ray, let alone grant it a revival.