Would be a great time for Sony to acquire essentially the entire studio for $0, simply paying for their salary (won’t even need relocation since it is already based in Tokyo, they could probably just reuse the same office space).
They would not even need to think of a game, simply focus on the planned sequel to hi-fi rush (obviously with different name but keeping the same core idea that was proposed for the sequel) and release it as a Sony exclusive.
I’ve never played a Sony game or owned a Sony console. I’m simply stating how a major japan-based company could save a young studio from completely disintegrating, allowing them to realize what could be a promising new IP. Also Sony could easily spinoff the studio once they’ve gained a certain size/reputation (they have spinoffed subsidiaries like financial services last year). Oth Microsoft would never spinoff any game company (they’d rather shut the whole thing down).