July 2006 in video gaming

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[edit] July 31, 2006 The Entertainment Software Association announces that their annual E3 trade show will be scaling back "into a more intimate event focused on targeted, personalized meetings and activities" from the "mega-show" it has been for over a decade. The group cites the rising costs for attending publishers becoming counter-productive as one of the reasons for closing the current show. [1] [edit] July 12, 2006 Nintendo announces that it will release the black Nintendo DS in Japan. [2] [edit] July 11, 2006 In light of accusations of racism, Sony pulls a controversial white PlayStation Portable ad in the Netherlands. [3] [edit] July 10, 2006 The Securities and Exchange Commission starts an investigation into Take-Two Interactive for possible manipulation of stock option grants. [4] [edit] July 7, 2006 Throwback Entertainment purchases the rights to many Acclaim properties, including Vexx, Ecco the Dolphin, and Gladiator: Sword of Vengeance [5] [edit] July 6, 2006 Microsoft announces that it will release a handheld to rival the iPod. [6] [edit] July 5, 2006 EA Games announces they will provide stock to appease dissatisfied employees and to compensate for the company's poorly performing stock price. [7] [edit] July 4, 2006 Empire Interactive they have experienced a pre-tax loss of £2.5 million ($4.6m) over the last fifteen months. [8] Sony announces that it will have 150,000 Playstation 3 consoles ready for the UK launch. [9] [edit] July 3, 2006 Microsoft denies that they will release an updated Xbox 360 with an internal HD-DVD drive. [10] Both SEGA and Ubisoft announce that they feel that the price of the Playstation 3 is a concern. [11] [12] Sony is told to pay €191 million in taxes after undereporting games business income. [13]