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Report: Online Game Play Hours Up, Despite Fewer Players

Port Washington, N.Y. - The average number of hours spent playing online games each week has increased 10% since 2009, from 7.3 to 8 hours per week,...

Sony Buys "LittleBigPlanet" Game Developer Media Molecule

London - Sony (NYSE: SNE) Computer Entertainment announced on Tuesday that it has acquired Media Molecule, the developer of the PlayStation 3 and PSP title "LittleBigPlanet." Financial terms...

New Random House Unit to Pen Stories for Video Games

New York - Publisher Random House has established a department that will create original stories for video games, as well as consult on games in development,...

Sony: Leave PlayStation 3 Off While System Clock Issue Fixed

Update: Reports on Tuesday indicate that the problem has been resolved, and without any data loss. "We are aware that the internal clock functionality...

Bethesda Softworks Parent ZeniMax Raises $1.8 Million

Rockville, Md. - ZeniMax Media, the parent company of game developer Bethesda Softworks, has raised $1.8 million through the sale of options and warrants, according to a...

Report: Nintendo to Release New Zelda for Wii This Year

Redmond, Wash. - Nintendo looks poised to release a new "Zelda" title for the Wii this year, considering comments Nintendo America vice president of marketing Cammie Dunaway...

Gamers Factory Nabs $3.9 Million, Goes Public in Stock Swap

Hunt Valley, Md. - Gamers Factory, a company that refurbishes used video games for the pre-owned market, announced on Friday that it has secured $3.9 million through...

Music Mastermind Gets $4.85M for Web-based Music Creation

Los Angeles - Music Mastermind, the provider of a Web-based music creation platform, has raised $4.85 million in its first round of funding. Details on investors were not...

Social Network hi5 Acquires Social Games Firm Big Six

San Francisco - Online social network hi5 announced on Thursday that it has acquired social gaming firm Big Six. Financial terms of the transaction were not disclosed....

Nintendo to Release Larger-screened DSi XL in U.S. Next Month

San Francisco - Nintendo on Wednesday introduced a new version of its DS handheld game system, the DSi XL, which boasts a screen that is 93%...