Hidetaka Miyazaki, the president of FromSoftware, answered the question to GameInformer.
„It’s like when you write – when you’re younger, you look back on [previous work] and you think ‘Oh, goodness what was I thinking,’ It’s not that I’m embarrassed, I just don’t like to look at my previous works,” Miyazaki said. He added that Demon’s Souls’ rights are owned by Sony Interactive Entertainment, which means they decide about it. (It originally launched in 2009 on PlayStation 3.)
„If it was a studio that really loved the original work and really put their heart and soul into realizing it again, then that’s something I would enjoy. But it’s really complicated because I have these fond memories. Thinking about the idea of a remaster gives me kind of butterflies in my stomach and makes me a little nervous, so it’s complicated. But I understand there are many users and many players and fans out there who really love Demon’s, so if that’s something they could accomplish with a studio that loved the work, then yeah, I’d be okay with that. Demon’s Souls was the first action fantasy game that I created, or I directed. I have fond memories of it, but it’s definitely not my place to say they’ll remaster,” Miyazaki added.
All Sony Interactive Entertainment should do is hand the development to a studio that is experienced in remasters. Bluepoint Games? They handled Shadow of the Colossus’ PlayStation 4 version last year (and they got some help from Sony’s Japan studio).