THQ released its financial results for the Q1 2008, revealing lower revenue ($104 million compared to $138 mill. last year), but less net loss ($9.3 million, compared last year's $12.1 mill.). Sales were mainly driven by Ratatouille, and older titles such as WWE Smackdown vs Raw 2007 and Cars. In the subsequent conference call, CEO Brian Farrell confirmed it is developing Red Faction 3.

Luminous Arc, an NDS exclusive strategy RPG, has you take control of the Garden Children, a group of fighters and mages trained since childhood and dedicated to eradicating the Witch threat, and discover the mysteries behind their return, their motives, and their history!

Fatal Inertia mixes street racing, demolition derbies and rallying with a futuristic setting where machines no longer need wheels and the laws of physics govern all. The sport is called Inertia and offers real world environments that can break your opponents and lead you to victory. KOEI has released a 380mb demo on Xbox Live ..

Lexicon Entertainment announced the signing of Rapid Racoon, a thrilling, fast paced and richly detailed NDS exclusive racing game created by France developer, DK GAMES.

Playing as a warrior riding a voracious dragon trained for deadly aerial and ground combat, and capable of scorching, clawing and smashing thousands of enemies, gamers must defeat countless armies to save a civilization. Originally scheduled for Aug. 14, Lair has been pushed back until Sept. 4 to enhance community features.

Heavy Duty is a 3rd person action shooter where the player controls a huge war robot to save his planet from enemy attacks. The game utilizes advanced technology with innovative gameplay features never before achieved in video games.

Clive Barker's Jericho is an squad-based horror FPS devised by the master mythmaker, novelist and filmmaker Clive Barker. The Jericho Team is a seven-man strike force that protects government interests from paranormal threats.

Bethesda Softworks parent company ZeniMax Media announced the creation of ZeniMax Online Studios. The division will be headed by Matt Firor, a well-known expert in the field of online gaming, and will focus on the MMO market segment.

SEGA revealed details regarding the development of the video game adaptation of the theatrical movie release, The Golden Compass, based on the first book in the award-winning His Dark Materials trilogy, by British author Philip Pullman.

Five game development veterans today announced the formation of Slapdash Games, a new studio committed to creating compelling casual cross-platform games for all ages and demographic