teitan said:
WOTC was licensing Rokugan, not the other way around...
The history of the
Legend of the Five Rings IP is, in fact, quite complicated.
Suffice to say that Wizards of the Coast, at the time
Oriental Adventures was published, owned the Rokugan IP but was licensing it to AEG, and that AEG came into possession of the IP later.
It's actually covered on the
Wikipedia page:
AEG and Isomedia designed the original card game. A group of the original people formed the Five Rings Publishing Group with some investors so that they could really publicise the game, and Five Rings bought the
Legend of the Five Rings IP - essentially, AEG now licensed the IP from Five Rings. Later, they licensed the rights to make a tabletop RPG from Five Rings, too.
Wizards of the Coast bought the Five Rings Publishing Group, but AEG's licenses remained in effect - though Wizards of the Coast became the publisher of the card game, AEG designed it. Nothing about this setup changed when Hasbro bought Wizards of the Coast, either.
Later on, Wizards of the Coast decided to sell off the
Legend of the Five Rings IP - and, luckily for them, AEG won the bidding war.