Activision announced today that it has entered into an agreement to acquire Guitar Hero publisher RedOctane. This acquisition will provide Activision with an early leadership position in music-based gaming, which the company expects will be one of the fastest growing genres in the coming years.

Electronic Arts today announced that Madden NFL 07 is being custom-designed for Nintendo's next-gen console, Wii. Using the console's unique remote to pass, kick, snap, throw, catch and run, players will interact with the game in an entirely new way. Boasting massive gameplay innovations inspired by the motion sensor of the remote, Madden NFL 07 maximizes the power and unique design of the game system.

Take 2 today announced that it has opened a new development studio, 2K Shanghai. It is completing development of the Chinese-language version of Sid Meier's Civilization: IV for the PC, expected to be available later this summer. 2K Shanghai will develop new original IP and co-develop products with other 2K studios around the world.

According to The Hollywood Reporter, Legendary Pictures has purchased the rights to create a live-action film set in the Warcraft universe. The movie would not follow the plot of a particular game but would aim to appeal to both gamers and non-gamers. In conjunction with Warner Bros. Studios, Legendary has recently co-financed films such as "Batman Begins" and "Superman Returns."

Sony today announced the launch of the first "Greatest Hits" for the PSP system. The initial selection includes five first-party titles – Ape Escape: On the Loose, ATV Offroad Fury: Blazin' Trails, Hot Shots Golf: Open Tee, Twisted Metal: Head On, and WipeoutPure – that will be available for $19.99 SRP on July 25. Nearly 15 third-party games will be added to the roster in the future.

Square Enix announced two new titles in the Final Fantasy Crystal Chronicles series – Final Fantasy Crystal Chronicles: Crystal Bearers for the Nintendo Wii, and Final Fantasy Crystal Chronicles: Ring of Fates for the Nintendo DS. Both titles are being developed to utilize Wii and NDS technology to their fullest. Additional details, including ship date and pricing, will be announced at a later date.

Today Square Enix revealed world-premiere footage of Fabula Nova Crystallis - Final Fantasy XIII. This latest project will encompass the simultaneous development of original titles for numerous platforms, including the PlayStation 3 and mobile phones. Also announced were Final Fantasy XIII Versus for the PS3 and Final Fantasy Agito XIII for mobile phones. Read more for further details ...

Auran's Fury is the ultimate competitive online RPG. It takes the best elements of an MMO - combat, advancement and teamwork - and blends them with the best elements of an FPS - instant action, fast pacing and diverse game types.

Prey is serious, dark story, based on authentic Cherokee mythology. Themes of sacrifice, love and responsibility are explored and the story dives into emotional territory not yet explored by similar games.

God of War II is a groundbreaking, PS2 exclusive combat action-adventure videogame based on Greek mythology, where you will get reacquainted with the vicious ex-Spartan warrior Kratos and embark on the continuing epic odyssey. Read more to check out the latest batch of screens ...