The UK annual inflation measured by the Retail Prices Index has for the first time since 1960 today revealed that the UK economy is in a state of deflation – but video games remain one of the few categories increasing in price. The BBC reports that the RPI fell to …

The UK’s leading retailer Tesco has reported record pre-tax profits of 3.13bn for the year ending February 28th 2009 – a ten per cent increase over the same period a year before. On average the supermarket saw sales in excess of 1bn every single week, with total sales for the …

Sony is to ramp up its emphasis on PSP’s impressive video on demand technology next month with the launch of two new bundles concentrating on the Go!View service. Arriving on May 8th, the Go!View pack will include a black PSP-3000, 2GB Memory Stick Duo, mini USB cable and two month …

Microsoft is to launch a brand new Xbox 360 Elite SKU at North American retail next month called the Xbox 360 Game of the Year Bundle. The package, which was announced by Major Nelson, includes an Elite Xbox 360 console, which as always will come in black and include a …

Sales monitor GfK-ChartTrack has revealed to MCV that it hopes to set up a chart of UK digital downloads by the end of this year. The company said it was in ‘active discussions’ with a number of leading providers of downloadable digital content with a view to inking a deal …

The price of acclaimed PS3 title LittleBigPlanet has tumbled to around 10, six months after it was released. The Media Molecule-developed title has an SRP of 44.99, but can be found at online retailers – including DVD.co.uk – for 10.89, while Play and Amazon have the title on sale for …

Thought the DS and Wii markets couldn’t get more competitive? Think again. MCV can reveal that the firm responsible for ‘discovering’ Cooking Mama will soon start publishing its own titles in the UK and Europe. Majesco Europe is readying over ten games that it plans to sell direct to British …

Emergent-sponsored Develop 100 will toast the best developers in May

Dubbed by many as the first person shooter that will revolutionize the genre on Wii, the developer of The Conduit has stated that the game will be released in North America on June 23rd. Joystiq obtained the news from High Voltage Software’s Eric Nofsinger. A European date for the game …

Play.com has recruited Patrick Kelly as its new head of games. Kelly joins Play with a wealth of industry knowledge, having held a similar position at Zavvi before the chain’s closure earlier this year. Prior to Zavvi, Kelly had worked within games for Virgin Retail. These are incredibly exciting times …