With Ubi sinking, ironically, I think Paradox has a good shot at obtaining the HOMM franchise if they really want to go the fantasy GSG route. HOMM, for various reasons, already lend itself well to the GSG format: discrete races, an already established setting, built-in political entities to use, and more importantly, a lot of wiggle room to do what they want. Erathia alone has shit like Erathia, Av-Lee, Bracada, Kreegans, etc, and they all have their own lil rivalries and shit you can use. (Technically there's that issue of NWC ending the old world in HOMM4 but it's easily retconned lore. Or they can just use the HOMM4 setting, or even the Ubislop HOMM5+ one.)