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

Controversial benchmark maker announces arcade game

Ubisoft buys Tom Clancy – forever

French video game company Ubisoft has bought all intellectual property rights to the Tom Clancy name.  Clancy was paid an undisclosed lump sum and will also receive annual payments over the next two years.

BD-Live coming to the PS3

The Playstation 3 is likely to retain its reputation as the most popular playback platform for Blu-ray content as Sony announced that owners of the console will “soon” be able to upgrade to firmware version 2.20 which will add Blu-ray Disc Profile 2.0 support as well as improved interoperability with the Playstation Portable (PSP).

'Space Odyssey' author Clarke dies at 90

Best Buy to hand out $10 million in gift cards to HD DVD purchasers

Best Buy today said that it will be sending out $50 gift cards to apparently more than 200,000 of its U.S. customers who purchased HD DVD players and Xbox 360 HD DVD units before February 23 of this year.

Valve unites Epic Games, id Software and themselves under the same roof

Steam content distribution platform just became THE 800-pound gorilla in the world of digital distribution. Valve just announced that Epic Games signed with Steam, making this three out of three for founders of FPS gaming.

Recent writer’s strike may force Blu-ray prices down

A weekend spent in Hollywood can greatly help to learn about trends in the Consumer Electronics industry. Of course, Blu-ray was one of the main discussion topics and if you are currently frustrated about the high prices for players and movies, you may see much lower price tags very soon.

Lucas offers sneak peak at Star Wars Episode 2.5

Cyberathlete Professional League goes six feet under

Philips lifts price on upcoming Blu-ray player

Apple patent filings point to upcoming update of Apple TV

Playstation 3 climbs forward in February sales

The PS3 had one of its best months in February, selling over 280,000 units.  That barely edges out the Xbox 360's sales numbers, but is only around half of the number of Wii units sold in the same time period.  In February, NPD reports that the Wii was unsurprisingly the top console seller, reaching 432,000 units.  The PS3's 280,800 units put it in the number two spot, with the Xbox 360 reaching 254,600 units.

More Blu-ray players get DivX support