Today Sony Executive Vice President Kazuo Hirai announced that an 'iTunes' style online entertainment service will be coming in early 2010.

Sony plans to launch the new online service to distribute movies, music, books and other content to the PS3, network-capable Bravia TVs, Blu-ray players, ebooks and others in a bid to add value to its hardware.

To quote: "Sony...

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Today Activision is reporting that Call of Duty: Modern Warfare 2 made $550 million in the first five days of the videogame's release.

It appears even in this challenging economic climate, Modern Warfare 2 is indeed a top seller setting a new entertainment industry record.

Press Release: Call of Duty®: Modern Warfare® 2 Sets All-Time Entertainment Industry...

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The 'father' of Sony's PlayStation Ken Kutaragi has announced the launch of a new Cyber company today, with the business based in Tokyo.

The firm works in Internet services, however, it is not yet detailed how it may overlap into the videogame industry.

To quote: "The former chairman and CEO of Sony Computer Entertainment, Ken Kutaragi, has established a new company in...

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Today MCVUK.com (linked above) is reporting that XBox 360 Project Natal launch details have leaked from a Microsoft Tour of UK publishers and studios.

According to the leaked information, the controller-free XBox 360 camera will be released worldwide in November, 2010 with five million units to ship for launch day.

To quote: Microsoft is planning to manufacture...

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Today CEO John Riccitiello of Electronic Arts announced that it is set to cut 1500 jobs, and in addition to that they will be cutting back on new IP by 50 per cent through the next fiscal year.

According to MCVUK.com, this is part of their effort to reduce market risks during a tough economic period.

To quote: The result has been a string of new franchises such as Dead Space,...

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Earlier this year we reported that the Entertainment Software Association of Canada was seeking to jail pirates and target mod-chips.

Today, the ESA has praised the Royal Canadian Mounted Police and York Police Service for a recent raid on retailers selling pirated software at Pacific Mall in Markham, Ontario.

To quote: After a two month investigation, authorities seized...

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Sony's Public Relations Manager Alex Armour has unveiled today that a 70's Mustang has joined the GT5 PS3 lineup at the Gran Turismo Awards.

To quote: Two days ago, PlayStation hosted the 7th annual Gran Turismo (GT) Awards in Las Vegas, taking place in conjunction with the 2009 Specialty Equipment Market Association (SEMA) Show.

We had some impressive entries and a...

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Today Epic Games has announced the launch of the Unreal Development Kit (UDK), a free edition of Unreal Engine 3 that provides community access to the award-winning toolset.

Anyone can start working with the Unreal Engine 3 toolset by downloading the UDK at UDK.com, where detailed product features, technical documentation, commercial licensing terms, support resources and more...

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This holiday season most will be trying to replace their DVD players with Blu-ray and their nice plasma flatscreens with HDTVs.

However, the industry already is worrying about the market for UHD — Ultra-High Definition.

Apparently, UHD will debut in the next five to 10 years, but is expected to take a long time before it reaches a "critical mass," deemed to...

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The rumor over the weekend has now been officially confirmed, Netflix is indeed coming soon to Sony's PS3 console!

To quote from Netflix VP of Corporate Communications Steve Swasey on the PlayStation Blog:

Attention, PlayStation 3 owners: want to watch a movie streamed instantly from Netflix via your PS3? I’ve got terrific news for you; very soon you’ll be able to do...

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