Wii Fit marketing budget set at $40 million

Nintendo has set aside $40 million for the marketing and launch campaign for Wii Fit, a unique video game that aims to bring physical fitness to Nintendo's home console.  In Japan, where Wii Fit was launched late last year, it has become one of the fastest-selling Wii titles to date.  It has gained worldwide attention and is one of the most anticipated US Wii titles of 2008.

Blu-ray Xbox 360s may sell at a loss, say Taiwan makers

PDP suppliers see 2008 as crucial year

HDTVs are so yesterday: Dolby showcases 46” HDR LCD TV

We have heard about Quad HDTVs last year, but it appears that the next-generation of LCD TVs may not necessarily increase image resolution, but feature a much brighter colors and a virtually infinite contrast ratio. Dolby and Sim2 unveiled today a LCD TV prototype that may give us a glimpse of what the TV future may look like.

Circuit City cuts HD DVD prices in half

Gates may be deposed in case of Xbox house fire

In 2006, a teenage girl was nearly killed when her home was set on fire, which was later blamed on faulty wiring in the family's Xbox.  Now the main lawyer in the case is offering Microsoft an ultimatum - agree to a settlement of $25 million or he will have Bill Gates testify on whether or not Microsoft was aware of the problems in advance.

PS3 and Xbox 360 "neck and neck" after successful Easter

Sales of the Playstaion 3 were up 73% during Easter week and the Xbox 360 shot up 78%.  It's been a close race between the two contenders all year, and according to industry tracking ChartTrack they're in a virtual deadlock for 2008.  During the same time, Wii sales went up 37%, the DS climbed 32% and Sony's handheld PSP system saw a 10% boost.

Rockstar to launch social networking site for GTA

Rockstar announced today that it plans to launch a new website called "Social Club" that will allow users to connect and share content in an environment centered around the upcoming Grand Theft Auto IV.  Social Club will later be expanded to include communities for other Rockstar games, but the initial features will be things like a dynamic map that shows where all registered users are, online leaderboards, and a GTA IV hall of fame.

EA announces 20th anniversary Madden 09

Playstation Network accounts hacked

Sony has issued a statement warning Playstation 3 users that a "small percentage" of online accounts may have been compromised due to an attack on the database that allowed a hacker to change user passwords.  Sony said it is directly contacting individual users who are believed to have been affected.  According to the statement, immediate measures were taken to fix the vulnerability manipulated by the hacker.

Analysts project 29 million Blu-ray homes by end of year

Strategy Analytics, a London-based research firm, said that it expects 29.4 million households to own a Blu-ray player by the end of the year.  That number, it says, will mushroom to over 132 million by 2012.  The analyst firm made the prediction in its report, "Blu-ray Devices: Forecasting Sales and Ownership," a document published by its Connected Home Devices division.  The firm attributes the demise of HD DVD and a climbing number of HDTV owners to the quick adoption rate expected in the next few years.

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Take Two tells EA to wait until after GTA IV

The board of directors at Take Two Interactive has officially rejected the $2 billion takeover bid from Electronic Arts, saying it undervalued the company and is not the right time to consider such an acquisition.  EA offered Take Two $26 per share earlier this month, offering a premium of more than 10% of the stock price at the time.  That began a series of trepidations between the two companies. 

Best Buy stores clearing out HD DVD inventory

Best Buy is apparently aiming for a quick transition to Blu-ray, as a reader has informed us that select Best Buy stores have begun get rid of their HD DVD movies with massive price cuts. Other Best Buy stores apparently are not even trying to sell HD DVDs anymore and are sending the movies back to publishers.

No Starch Press releases two books on torrent networks

Sony-BMG working towards a music flatrate

In an effort to turn around a declining music business, Sony-BMG is currently in discussions to offer a flatrate-based music download service. In an interview with a German newspaper, CEO Rolf Schmidt-Holtz mentioned that such a service could debut this year for a price between $9 and $12 per month.

Rock Band reaches six million song downloads

Digital Playground: Consumers accepting Blu-ray faster than DVD

In the end, it was not the adult film industry that decided the high-definition format war between Blu-ray and HD DVD. However, this segment faces appears to be taking a lead role in the promotion of high definition as DVD sales are down dramatically and customers apparently are shifting to Blu-ray quickly. The new format opens new opportunities for large studios, but will bring massive challenges for smaller companies in the business, Digital Playground co-founder Joone told TG Daily.

On-Star helps police nab teenage vandal