Bringing heart-pounding, espionage action to home to gamers, Acclaim Entertainment, Inc. a leading global video entertainment software developer and publisher, today announced that it has shipped Headhunter for the PS2. One of the most eagerly anticipated action releases of the spring, Headhunter combines stunning next-generation graphics, a deep storyline and content that was designed specifically for the mature gamer.

According to a new report from DFC Intelligence, executives in the interactive entertainment industry believe that the video game business is poised for record growth over the next several years.

Matrox Graphics Inc. today unveiled the revolutionary Matrox Parhelia-512 high-fidelity GPU delivering a new level of visual quality, superior performance and a wide range of innovative new technologies. World's first 512-bit GPU delivers unparalleled image quality, superior performance and wide range of innovative features for the ultimate visual experience

Codemasters let us know that the 'IGI2' Beta Test has been delayed until September, due to work on the netcode not being complete. Here is the scoop:

Developing a high-quality FPS multiplayer experience is a real challenge, but one the dev team at Innerloop has taken on with a vengeance! They've been working flat out on the code, but some QA issues, mainly with server code, have held us back. Read more below!

Fronted by the world’s greatest racing driver, Michael Schumacher, this exciting new game offers an incredible adrenalin rush, with the ultimate driver in the ultimate driving game. Having won the rights to global distribution of this unique partnership title, JoWooD is confident it will be a hit with racing fans everywhere. Due to hit streets near you on 28th June. I'm not much of a racing fan, but i WILL check out this one! Njoy

THQ Inc. today announced that it will unveil Alter Echo at the Electronic Entertainment Expo (E3) in Los Angeles. Developed by THQ studio Outrage Games, Alter Echo is an innovative action game that lets players morph between three combat modes and alter time with pioneering TimeDilation technology. A revolutionary PostFX camera system intensifies the action with spectacular visual effects that heighten the drama of every combo and special attack. Alter Echo is scheduled for release on the PS2 and the Xbox in early 2003.

Electronic Arts announced today that the company has reached an agreement with former University of Oregon quarterback and top NFL draft pick Joey Harrington, naming him spokesman for EA SPORTS NCAA Football 2003.

TDK Mediactive, Inc. today announced a worldwide, multi-year exclusive licensing agreement with Mattel, Inc.to publish software based on Masters of the Universe. The agreement grants TDK Mediactive exclusive rights to publish interactive Masters of the Universe games for console systems manufactured by Sony, Nintendo and Microsoft, as well as PC.

Splinter Cell™ is a third person stealth action game, featuring cyber-terrorism, shadow agencies, and covert operations and is set in the realistic, highly detailed geopolitical universe as portrayed by Tom Clancy. Today we got some new Xb screens, showing "the light/shadow effects that drive the gameplay". A few familiar looking screens and a bunch on new one's.

A little while ago we announced that Sony/Magenta were working on Stuart Little 2. Due for release at the same time as the movie (this summer) we just got a dozen or so fresh screens... Njoy!

Lilo & Stitch: Trouble in Paradise kids get to play out the colourful action adventure story of Disney’s major upcoming Summer 2002 feature film release. Kids explore locations and situations taken directly from the film, and in some cases, beyond what is actually seen in the movie. The game features a variety of gameplay mechanics, including: running, dodging, jumping, hiding, races against the clock, forced-scroll chase sections, and end-level boss combat. Not quite sure if these screens are meant to make us buy the game or make us throw up .. you decide!

Attending the electronic entertainment industry’s biggest show for the fourth time, leading computer games developer and publisher JoWooD Productions will unveil its most compelling product lineup ever at E3 on booth #700 in the South Hall of the LA Convention Center.

KINGDOM HEARTS is the first joint creative project between SQUARE and DISNEY. This role playing game combines classic DISNEY characters and worlds with the new created in the renowned SQUARE style. New DISNEY characters developed by the legendary Tetsuya Nomura, best known for his creations in the breakthrough title FINAL FANTASY®VII and VIII will be introduced in KINGDOM HEARTS. Two years in the making, with a production team of over 100 of SQUARE and DISNEY’s most creative talent, KINGDOM HEARTS fully exploits the technological possibilities of the P2 in an epic tale of adventure, heroism, teamwork and life’s most important lessons.

Hercules is pleased to announce the impending Gamesurround Muse5.1 DVD, an amazing new sound card in the 5.1-channel market segment. Gamesurround Muse5.1 DVD - the successor of the widely renowned Gamesurround Muse XL - now includes advanced features such as its 6-channel outputs and comes bundled with Cyberlink's PowerDVD 4.0 XP, the hugely popular DVD playback application.

Ubi Soft Entertainment and MGA Entertainment, today announced an exclusive licensing agreement for Ubi Soft to develop and publish games based on the popular and fashionable BRATZ dolls for PC and all the new generation of consoles.

Adorable and heart-warming Hamtaro and his hamster pals, the Ham-Hams, are coming to America! ShoPro USA, an affiliate of Shogakukan Production Co., Ltd. (ShoPro), will introduce one of Japan's hottest children's properties, Hamtaro, to kids across the United States this Summer. ShoPro, one of the leaders in the development of children's entertainment in Japan, is also a subsidiary of one of Japan's largest publishing companies, Shogakukan, Inc.

Empire Interactive has announced that Antonio Fargas, aka Huggy Bear, has been signed for the in-game voice-overs and to help promote the PlayStation 2 and PC versions of its new “Starsky & Hutch” game. Helping Starsky and Hutch clean up the streets, Huggy was present in almost every episode of the hugely popular 70’s show.

As a result of its aggressive pre-launch awareness programs and strong retailer support, Infogrames, Inc. today announced that the initial shipment of its highly acclaimed Dragon Ball Z: Legacy of Goku for the Game Boy Advance will surpass the 300,000 unit mark, making it the largest Game Boy Advance launch in company history. Already acclaimed by the video game media and bolstered by tremendous consumer demand, Dragon Ball Z: Legacy of Goku is shipping to more than 20,000 retail outlets nationwide on May 14.

Gaming industry analysts report that Sony Entertainment of America will lower the price of the PlayStation 2 console to $199 as early as tomorrow, with the PSOne price being lowered to $49 (Thanks Gamespy). Click 'Read More' for more info.