Alright, alright. Forget the idea of buying rights or anything. Just a thought I had earlier today.
Here's an idea that might be a bit more realistic. Maybe.

All we need for this one is someone who's good with animation.
See, we all have some good ideas for rooms, temple games, moat crossings, and artifacts, so what we could do is take some of the fanfic on these forums and turn them into animated episodes of Legends.
It's kind of cheesy and it would take a lot of work, but this could be the closest thing to a revival of Legends that we'll be able to get.

Anyone comment who could help out with this. Anyone who writes LOTHT fanfic also comment if you'd be able to take your fanfic and turn it into a script.

I know it's highly doubtful, but with the property we could start up a new series.
We could use rooms that the people that make the fanfics came up with in the temple, use temple games that we came up with, etc., and make the perfect Legends series to broadcast to those who loved the show when they were younger and to those who have never seen it before to get them interested in the original series.
This is one of the only other "logical" options because obviously petitions are getting us nowhere and Viacom/Nick/Stone Stanley (someone please tell me who officially owns Legends) have a great thing on their hands but don't plan on using it.

First off, I have no idea if this is in the right place or not.

Now, it's obvious that Nick and Viacom are doing nothing with this great property, and the numerous petitions on the Internet have just gotten us 2 weeks of reruns on Nick.
I have no idea how this would work and how we could do this, but my idea is that we, as the devoted fans of Legends, BUY THE PROPERTY FROM THE OWNERS.
Now I know to do this we'd need more than pocket change, piggy banks, allowances, etc., and we'd need a TON of money, but if everyone chips in as much as they can, then I'm reasonably sure that in maybe a few years time we could buy the Legends property from Stone Stanley, Viacom, Nick, or whoever owns it.
Being a sophomore in high school, I probably couldn't own it by myself, so if some of the older members on this forum were to assist in this, then maybe something could be worked out so that everyone who donates could be a partial owner.
Like I said before, I have no idea how we could do this, so anyone who knows about buying properties or has a good understanding of the legal system should please help us out.
Please reply if you can help out in any way or reply if you know that there's no possible legal way to buy Legends because I'm not quite sure myself.
Thank you for taking the time to read this.