What's truly shameful is the fact these 30+ year old games are still protected by copyright. Nintendo and all the third party developers have already made their money many times over. It's time for these works to enter the public domain.
What happens today is creators want to strike gold once and then enjoy a lifetime of royalties for themselves and their children. When was the last time something entered the public domain? Probably in the early 20th century. Public domain might as well be a forgotten footnote of history. There's no reason for the public to recognize copyright as legitimate when it's being systematically robbed of its rights.
What if the copyright is owned by a company? I don't know. Do they have to go bankrupt for the 70 year count to start? In any case, they'll probably just lobby for even more extensions before their terms run out anyway.