At an invitation-only event in New York on Wednesday, Sony Corp announced its next-generation video gaming console - the PlayStation 4 (PS4) – which boasts a speedier, graphics-rich hardware as well as attractive new Internet-based features.

With indications galore that development work on the PlayStation 4 (PS4) gaming console is being finalized by Sony, a recent report from Japan-based news outlet Nikkei has citied an unnamed source to reveal that Sony wants to turn the PS 4 into a living room "nerve center."

In a move which apparently is an upshot of the lackluster response to Disney's `Epic Mickey 2: The Power of Two' title, and Disney's decision to refine its interactive entertainment division, it has been recently confirmed by Disney Interactive that it is shuttering Junction Point Studios, the developers of the publisher's `Epic Monkey' series.

With Frontier's November 5-launched Kickstarter crowd-funding project - `Elite Dangerous' - nearing its end over the weekend, the £1.25million funding goal has been reached by the campaign; thanks to the support of more than
21,000 backers.

According to an Agence France-Presse report, the production of the PlayStation 2 (PS2) gaming console has been ceased by Sony Computer Entertainment of Japan.

With Apple's 12 Days of Christmas promotion - running till January 6, 2013 - giving the iPhone, iPod touch and iPad users a chance to get a `free download' from iTunes, the giveaway now continues with SEGA's Sonic The Hedgehog and the Sonic Jump game for the Apple devices.

Wii U is a video game console and a successor to Wii. It has been developed by Nintendo. Best part of the console is that it is first one to enter the eighth generation of video game home consoles.

In a Friday update posted to the Kickstarter page of the much-anticipated Ouya Android-based gaming console, the developers of the console have revealed that they are on track to ship the early versions of the console by December end.