Sony Corp just released its 2nd quarter 2007 financial results, and while there is an overall upward trend mainly due to last year's battery pack fiasco, the gaming division is getting hit hard. Sales are up 42.9%, primarily because of PS3, but the hardware division itself is bleeding money, as operating loss increased ($867 million) due to the strategic pricing of PS3 at points lower than its production cost.

In order to bring high def. sound to next-gen video games, Activision announced an agreement with Audiokinetic to integrate the WaveWorks Interactive Sound Engine (Wwise) into select titles across the company’s global development studios.

NecroVisioN is a next-gen First Person Shooter that starts in the rage battlefields of World Word I and leads player to much darker and brutal underground world of vampires and demons.

Activision announced that it has acquired U.K.-based video game developer Bizarre Creations, known for the Project Gotham Racing franchise, a $1.4 billion market that is the fourth most popular video game genre and represents more than 10% of the total video game market worldwide.

German Twintime software revealed it is working on a new action-adventure title Odessa Twins, featuring innovative interfaces and an extraordinary plot, promising to offer an unforgettable game-play experience.

Scholastic Media signed a distribution agreement with Activision Publishing to distribute two new Scholastic developed NDS titles in North America, I SPY Fun House and Animal Genius.

NecroVisioN is a next-gen First Person Shooter that starts in the rage battlefields of World Word I and leads player to much darker and brutal underground world of vampires and demons.

Not much has been said about the future of the James Bond game franchise since Activision took over the license from EA, but today it was revealed that a new game featuring the world-renowned top secret agent 007 is in development by powerhouse studios Treyarch, Beenox and Vicarious Visions for next-gen consoles, PC and hand-held platforms.

Activision has released screens and trailers for the following upcoming titles:

• 'Call of Duty 4: Modern Warfare' (NDS/PS3/X360/PC) - 27 New Screens
• 'Enemy Territory: Quake Wars' (PS3/X360/PC) - Screens
• 'Bee Movie Game' (NDS/PS2/Wii/X360/PC) - Screens & Trailer
• 'Spider-Man: Friend or Foe' (NDS/PSP/PS2/Wii/X360/PC) - Screens & Trailer
• 'Tony Hawk's Proving Ground' (ALL) - Screens
• 'World Series of Poker 2008' (ALL) - Screens & Trailer

Wideload Games announced its new Shorts division, which is focused on developing smaller, entertaining, game experiences for multiple platforms. Like its retail console games, Wideload’s Shorts Division will always create original games featuring Wideload’s unique sensibility.

While there has yet to be a formal announcement, online retail GameStop has put up a product page for Dancing with the Stars, to be published by Activision. No further details are revealed, but it's probably safe to assume it is an adaptation of the popular TV show where a celebrity, who usually has no apparent dancing talent, is paired up with a professional dancer to compete for the top honors. A PS2 and Wii version are planned, currently scheduled for November 13, 2007.

Increasing its market share to a record 13.7%, Activision was the #1 third-party U.S. console and handheld publisher for the first six months of calendar 2007, a 5.1% increase over the same period last year, according to The NPD Group.

Activision has released screens and trailers for its upcoming titles:

• 'Call of Duty 4: Modern Warfare' (PS3/X360/PC) - Features, Screens & Trailer
• 'Enemy Territory: Quake Wars' (PS3/X360/PC) - Features & Screens
• 'Guitar Hero III: Legends of Rock' (ALL) - Features , Screens & Trailer
• 'Spider-Man: Friend or Foe' (NDS/PSP/PS2/Wii/X360/PC) - Features, Screens & Trailer
• 'Tony Hawk's Proving Ground' (ALL) - Features, Screens & Trailer
• 'Bee Movie Game' (NDS/PS2/Wii/X360/PC) - Screens

Activision confirmed the company's E3 videogame line-up, which includes Bee Movie Game, based on the upcoming computer-animated comedy from DreamWorks Animation, Call of Duty 4: Modern Warfare™, id Software's Enemy Territory: QUAKE WARS, Guitar Hero III: Legends of Rock, Spider-Man: Friend or Foe and Tony Hawk's Proving Ground.

Activision released its fiscal year 2007 results revealing profits. Net revenue was up compared to last year, but although Q4 2007 sales and revenue doubled, they still turned a net loss of $14.4M. The conference call was more interesting, with Activision confirming Enemy Territory: Quake Wars and Guitar Hero Rocks The 80s scheduled for July-Sept., while Call of Duty 4, a new Marvel title (probably Spider-Man: Friend or Foe), Guitar Hero III, Tony Hawk, and Bee Movie are all due later this fall. The next James Bond title is a ways off in 2008, along with other new IPs.

Activision announced record preliminary net revenues for the 4th quarter and fiscal year ended March 31, 2007, marking 15 consecutive years of revenue growth. Net revenues are expected to reach $1.51 billion, compared to $1.47 billion same period last year, beating the company's own outlook of $1.40 billion.

Microsoft announced revenue of $14.40 billion for the quarter ended March 31, 2007, a 32% compared to same period last year, driving record profits with operating income of $6.59 billion and net income of $4.93 billion. However the game division posted a drop in revenue (from $1.182 billion to $929 million), but also lost less money ($402 million to $315 million).

Cenega announced that is has signed NecroVisioN, a next-gen FPS that starts in the rage battlefields of World Word I and leads player to much darker and brutal underground world of vampires and demons.

Activision announced that it has signed a multi-year agreement with Live Nation, which grants the company exclusive worldwide rights to develop and distribute video games on all platforms based on the Monster Jam series.

Featuring an exciting mix of intense mecha combat, hand to hand combat, and aerial board racing, Eureka Seven: Vol. 2 is the second installment of the flying aerial combat series and serves as a prequel to the popular animated show, currently airing.

Featuring an exciting mix of intense mecha combat, hand-to-hand combat, and aerial board racing, Eureka Seven: Vol. 2 is the second installment of the flying aerial combat series and serves as a prequel to the popular animated show, which is currently airing.

Featuring an exciting mix of intense mecha combat, hand to hand combat, and aerial board racing, Eureka Seven: Vol. 2 is the second installment of the flying aerial combat series and serves as a prequel to the popular animated show, currently airing.

Macrovision announced an agreement to digitally distribute a catalog of Activision's PC games on Macrovision's games network, starting with Call of Duty, CoD: United Offensive, CoD 2, Gun, Vampire The Masquerade: Bloodlines, The Movies, and additional PC games...

Further strengthening its online multiplayer development capabilities, Activision announced that the company has entered into an agreement to acquire PC/console network middleware provider DemonWare.

Activision announced that it has entered into an agreement to license the Unreal Engine 3 from Epic Games for an upcoming as-yet-unannounced action game.