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ROSE-TINTED TERROR ON PLAYSTATION®2

Publishing label 505 Gamestreet announces the October release of Rule of Rose(TM), a psychological suspense adventure, developed by Sony Computer Entertainment Inc.
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PS3 price "is a concern", says SEGA of America exec

SEGA of America executive Scott Steinberg has said that the high price of the PlayStation 3 "is a concern" - but that Sony's strong foothold in the marketplace should ensure that the console is a hit with consumers.
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PS3 price must drop in 2007, says Ubisoft boss

Ubisoft president Yves Guillemot has warned that while his company is optimistic about the prospects for the next-gen consoles, Sony must be prepared to drop the price point of the PS3 in 2007 if it is to compete effectively with the Xbox 360.
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Judge extends suspension of Louisiana games law

A Louisiana federal judge has extended the temporary injunction against a new law which would prevent the sale of videogames with violent content to minors in the state.
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Velvetelvis shakes up EIEF06

Conference session to explore the fusion of movies and video games
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Sony disputes allegations of underpaid taxes

Tokyo's regional tax bureau has ordered Sony and Sony Computer Entertainment to hand over 191 million Euro in additional taxes, accusing the companies of under-reporting games business income.
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Take-Two signs new deal with Mastertronic

Budget PC game publisher Mastertronic has signed a new deal with Take-Two Interactive that will see another batch of titles released under the M.A.D., PC Gamer and Sold Out value labels.
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Nintendo establishes Korean subsidiary

Nintendo has announced the establishment of a new wholly owned subsidiary located in Seoul, focusing on localised DS Lite products and paving the way for a new market for the Wii.
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Toshiba expects Xbox 360 with internal HD-DVD

Mark Whittard, Toshiba's Information Systems Division general manager in Australia, says he expects an Xbox 360 with an internal HD-DVD to launch soon.
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GDC 07 submissions open today

The CMP Game Group has announced a call for submissions from the industry for the forthcoming GDC 07 conference, seeking ideas for seminars, lectures, roundtables, panel sessions or tutorials.