A new Indie game out on the Xbox Live Marketplace this week is raising eyebrows. It was released last Wednesday, January 25, 2012, by developer Bionic-Thumbs. "MegaUP: Upload If You Can!" is a somewhat childish game based off of the recent take down of Megaupload.com. The story line is a bit different than the actual events, as described by the game's description:

Sony has announced that they had a $2.03 billion net loss during their third quarter. They are blaming the loss on recent floods in Thailand, a weak global economy, and unfavorable exchange rates. This earnings announcement comes one day after they announced their current CEO, Sir Howard Stringer, will be replaced by Kazuo Hirai starting April 1.

"CapCom have released their 3rd quarter results and it seems that Monster Hunter is STILL selling strong. The game which is very popular in Japan shipped a lot of units on launch and it is no surprise to see it steadily selling"

In a recent EA earnings call and press release, there is an entry for Mass Effect 3 in the Handheld/Mobile column. While the console and PC sections for the game have been well publicized, not much is known about this portable title.

Star Wars: The Old Repubic was a very highly anticipated game in 2011 and many were wondering if it would ever make back it's estimated $200 million budget, but it seems that EA is on the right tracks.

""The announcement which came this morning on the official Sony website also tells us that Sir Howard Stringer, who is currently the Chairman, CEO and President, will step down from this position""

So, as I was perusing the PSN today, my body atwitter at the potential for new, shiny free PSN+ content, I was greeted with this avatar. And it sent me back on a nostalgic, terrible terrible trip to the past.

According to various members of the company, it appears that the announcement of the PlayStation 4 is definitely not coming at this year's E3. Check out the full article for more details and speculation about the PS4 and Sony's next-gen agenda.

THQ has confirmed that they are laying off more employees in a effort to cut costs. The number of positions affected is unknown, but believed to be high based on projects of sales falling $510-$550 million last quarter. This news comes just after a former employee submitted a letter calling for the termination of management within THQ.

"It would be easy for the game industry to rest on their laurels right now, internationally we stood alongside the rest of the internet and together shouted a mighty ‘COME AT ME BRO!’ to congress. Even the ESA removed their support of SOPA by the end."

"Yesterday Nintendo announced that their losses for the fiscal year are going to be much worse than previously expected. They had a 61% loss in operating profit(profit before taxation, interest etc.) from the start of April until the end of June and are forecasting a ¥45 billion($575 million) operating loss over the full fiscal year, the first loss since Nintendo started reporting earnings in 1981 and the worst financial performance in the corporation’s history."

In a statement issued today by THQ, the publisher has announced that they will be changing their current business strategy in regards to the type of games they focus on. The big change that THQ is making is that they will discontinue any attempt at producing casual or family friendly games. The company has declared that they will be terminating any relationships with entertainment companies that that specialize in these types of titles.
Instead of trying to provide a variety of games to dra...

"GamingUnion: "The year of 2012 is into full swing, but the gaming industry is still flexing its muscles ahead of an action packed February. With that in mind, we figured it would be the perfect time to share some thoughts about what we feel is going to happen in the world of video games this year.""

Gaming legend Jason Rubin talks to Vivid Gamer about the making of Crash Bandicoot , the conflicts between developers and publishers, and the future of our industry. You don’t want to miss this.

In an analysis by Arvind Bhatia from Sterne Agee, Zynga is spending $300 to bring a new customer in and on average a paying customer pays $150. This equates to a loss of $150 and this has brought questions around Zynga's sustainability.

Trion Worlds, developers of Rift, raised $85 million with Ontario Teachers' Pension Plan leading the way. Bertelsmann was also part of the investors. They plan to use the money to expand their gaming operations in Europe and Asia.

When it was announced that Platinum games would be developing the next Metal Gear game it was a surprise to the Metal Gear community. In actuality, it was an even greater surprise to the Platinum Game executives. Initially they assumed the Kojima was joking when he asked them to develop the game.

""Russia has used copyright laws similar in nature to SOPA for censoring its own internet. And China engages in this type of censoring in order to suppress its population as well. Are these hypotheticals? Yes. But they are all possibilities under SOPA as it stands, which should be enough to horrify anyone with a realistic conception of human nature.""

Google today announced a partnership with OnLive that will integrate the cloud-based gaming service into all Google TV devices. It makes a lot of sense for a company looking to get into gaming.

Hypothetical scenario, the Wii U doesnt do very well within the next generation of consoles. Could Nintendo survive as a software developer while maintaining its dominance in the handheld market? Would this be profitable? Would gamers finally see Mario on other consoles and iOS devices? Goozernation explores these ideas

"Much has changed from when I started more than seven years ago at Kotaku, two months after its launch. The site was an unknown, an unpronounceable off-shoot of Gawker Media with a readership of 10,000. I was a full-time newspaper reporter, spending those early days covering gaming for Kotaku and my afternoons and evenings writing about homicides, serial killers, gang-bangers and raging wildfires for the Rocky Mountain News."

"This week on Prime Cut, we talk about the Kingdom Hearts: Dream Drop Distance Jump Fiesta Trailer, Sony being sued over their “No Sue agreement” in their September TOS, the possibilty of there being Battlefield 2143, and Street Fighter IV getting a complete character rebalance."

Valve's planning something and if history is anything to go by, it'll be huge and make the entirety of the world happy. It started with a Half-Life 3 shirt, but that was only the start.

Microsoft has been getting a lot of slack recently about their most recent Xbox dashboard update. The update makes it all but impossible to find independent games.

Are you still deciding if PlayStation Plus is worth the investment? Sony unveiled the total amount of benefits, perks, and savings that subscribers received in 2011 - and it was a LOT more than the price of admission. More details in the full story on GameRabies.