Sony owns a lot of IP's, but they don't go around reviving them. This is especially true if the IP sold poorly.
sure but also many of Sony IPs that sold poorly and bombed (especially games from SCEJ like Siren) got sequels.
also first month sales mean nothing after the past few years Folklore got a big fanbase/cult following it,just search on youtube or Keek and you will see new reviews and people talking and praising it.