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Unique new funding model for VIS' State of Emergency 2

Scottish developer VIS Entertainment has revealed details of its new funding vehicle for forthcoming title State of Emergency 2, which it says will enable it to complete the project and negotiate good terms with a publisher.
News

Konami set to open new Los Angeles HQ

Videogame publisher Konami has announced plans to expand its operations to a new office in Los Angeles, which will become the base for the company's global videogame business.
News

Vivendi turns down new offer for VU Games - report

French newspaper Les Echos has reported that Vivendi has refused a substantial new offer for the Vivendi Universal Games business unit, and is still hoping to realise a billion dollars from the sale of the division.
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Games retailers report dismal first week for N-Gage

Figures from videogame retailers around the UK are showing an extremely low sell-through of Nokia's new N-Gage game deck in its launch week, with fewer than 500 units sold by the 6,000 game stores polled by Chart-Track.
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BT launches new broadband package for console gamers

Telecoms giant BT has announced the launch of new broadband packages aimed specifically at console online gamers, offering them an all-in-one solution to getting their Xbox or PS2 online.
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PS2 taking a strong lead in Korea

Sony's PlayStation 2 is the most popular console in South Korea by an overwhelming margin, according to a recent survey, despite Microsoft's best efforts to establish the Xbox in this emerging marketplace.
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Midway signs up Hall and Romero for San Diego studio

Tom Hall and John Romero, formerly the key names behind Ion Storm and Monkeystone Games, have joined Midway's San Diego development studio to work on a variety of new projects for the publisher.
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UK Cube sales up 400 per cent following price cut

Nintendo UK has jubilantly announced a four-fold increase in sales of the GameCube hardware in the two days following its recent price cut to £79, although even this major boost can't lift it past its home console rivals.
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Japan Charts: PS2 titles dominate as market slumps

The heavily new release driven Japanese software market has fallen back dramatically this week as few new releases graced retail shelves, with Hudson's PS2 RPG release Far East of Eden II taking the top spot.