
Forbes profile of values Valve at $2-$4bn, making founder Gabe Newell a billionaire.
Valve’s Steam platform controls “half to 70 per cent” of the entire PC market, according to US business magazine Forbes.

Playdead and Team Hermes walk off with the spoils at DICE-held award ceremony.
Xbox Live Arcade darling Limbo and Team Hermes’ Inertia were the big winners at last night’s Indie Game Challenge.
For the first time, the Indie Game Challenge was split into two categories, with an award each for professional and non-professional developers.

Eden Games’ open world racer takes top spot in its first week on sale.
Driving sequel Test Drive Unlimited 2 goes straight in at the top of the UK all-formats chart for the week ending February 12.
Last week’s number one Dead Space 2 drops back into second spot and LittleBigPlanet 2, which topped the chart on release three weeks ago, slides all the way back to tenth.

Mark Cerny argues that the era of spiralling budgets for triple-A games must end.
Mark Cerny has been in game development for thirty years, a statistic that he said he didn’t know whether to be “proud of, or scared by” and he used his experience to discuss the ways in which the economics of game development have influenced design.

Mark Cerny argues that the era of spiralling budgets for triple-A games must end.
Mark Cerny has been in game development for thirty years, a statistic that he said he didn’t know whether to be “proud of, or scared by” and he used his experience to discuss the ways in which the economics of game development have influenced design.

Late development build, featuring full game, multiplayer and DRM keys, leaks onto torrent sites.
Crytek has said it is “disappointed” at the news that its upcoming shooter Crysis 2 has leaked onto the internet more than a month ahead of its release.

After years of rumours, Sony Ericsson Xperia Play to finally be released in March.
Sony Ericsson finally unveiled Xperia Play – the official title of the long-rumoured PlayStation Phone – at the Mobile World Congress in Barcelona last night.

Ubisoft Toronto head Jade Raymond says the studios next IP will revolve around community and sharing.
Ubisoft Toronto’s managing director Jade Raymond entered the industry as a fan, she said during her session at DICE this year, discovering games at thirteen and focusing all her efforts on becoming part of the industry by playing as many games as she could and programming in her spare time until she was able to complete a computer science degree.

Rockstar’s western takes five awards; Mass Effect 2 named Game Of The Year.
Red Dead Redemption was the most-honoured game at last night’s Academy of Interactive Arts and Sciences (AIAS) Interactive Achievement Awards.
Rockstar’s western epic sauntered off into the sunset with five gongs, winning Best Action Game and awards for art direction, gameplay engineering, character performance and game direction.

Publisher professes delight at critical reception; says dismal sales were down to poor timing.
Namco Bandai, publisher of Ninja Theory’s Enslaved: Odyssey To The West, has said that poor sales have not deterred it from considering a sequel.

California court upholds restraining order; Sony now allowed to inspect hacker’s PC for PS3 jailbreak files.
PlayStation 3 hacker George “Geohot” Hotz has been ordered to hand over his computer to Sony so it can examine his hard drive and retrieve information related to his hack.

Says MMOG developers should stick to the “WOW rules”; Blizzard says Titan will be “completely fresh”.
BioWare says that Blizzard’s World Of Warcraft is the “touchstone” for its upcoming Star Wars MMOG The Old Republic.
Speaking at the DICE Summit 2011 in Las Vegas, BioWare’s Greg Zeschuk said that WOW had been so successful that he believed any MMOG developer would ignore Blizzard’s template at their peril.

Polyphony Digital CEO hopes gaming can make players think about life and “how to come to terms with death”.
“Fastest-growing social network for gamers” reaches six million users in just over two years.
Social gaming network Raptr has confirmed that it has secured a further $15m in financing and its userbase has grown to six million users.
The firm revealed the news in a post on its blog. Funding has come from DAG Ventures, Tenaya Capital and Accel Partners.

Format: Flash
Developer: Styxtwo
Minimalism is tricky to pull off. For every game that succeeds in creating a clinical, even stylish, sparseness, another only manages to be ugly in a peculiarly empty way. Thankfully, Island Survival is one of the better attempts, the spare frostiness of its blocky graphics blending well with its soundtrack of howling distant winds, while the game’s simple mechanic revolves around starting with little, and then taking most of that away, too.

Windows Phone 7 to ship on all future Nokia handsets as part of long-term agreement.
Finnish mobile giant Nokia has entered into a long-term strategic partnership with Microsoft that will see future Nokia handsets running Windows Phone 7.
The two firms plan to jointly create “market-leading mobile products and services designed to offer consumers, operators and developers unrivalled choice and opportunity.”

Tweets from staff suggest LA studio is among first to feel effects of Activision restructuring.
Los Angeles developer 7 Studios appears to be the latest casualty of Activision’s cuts, judging by tweets from members of staff.

Treyarch shooter returns to the summit as Dead Space 2 and LittleBigPlanet 2 sales tail off.
Well, it was fun while it lasted. Call Of Duty: Black Ops is once again the top-selling title in the Nordic all-formats chart.
Two weeks ago LittleBigPlanet 2 knocked Activision’s shooter off the top spot in which it had become a near-permanent fixture since its November 9 release.

Mike Morhaime, Greg Zeschuk and Ray Muzyka discuss social gaming trends and WOW's influence.

Rock Band developer wishes affected developers “the best of luck” before inviting players to jump ship.
Rock Band developer Harmonix has said Activision’s closure of its Guitar Hero business unit is “sad” and “discouraging.”

Guitar Hero developer first to feel the brunt of cuts after Activision cancels music games.
Some 50 developers have been made redundant at New York developer Vicarious Visions, according to reports.

Limbo becomes the first downloadable title to be shortlisted for BAFTA’s public award.
UK retailer Game has announced the nominees for the BAFTA Game Award 2010.
It is the only one of the Game British Academy Video Game awards that is decided by a public vote rather than a panel of industry experts.

Capcom, Namco, Sega and Gameloft follow EA in slashing iOS prices to 99¢/59p.
A host of big-name publishers are following the example set by EA in slashing prices of their offerings on the iOS App Store.

Format: PS3, 360
Release: Out now
Publisher: THQ
Developer: Double Fine

Jesse Schell defends the concept he brought to last year's summit in a debate with Zynga’s Bryan Reynolds.