OUYA announced today that it is on course to launch its Android-based game console in June, according to the Wall Street Journal. OUYA was created in 2012 by Julie Uhrman, a video game industry veteran. Read More

Reuters reports that Sony Corp. will be hosting its first major Playstation meeting in two years, sparking rumors that the Japanese consumer electronics giant is getting ready to release the successor to its 70 million-selling PS3 games console. . Read More

Reuters reports that China is planning to lift its decade long ban on video game consoles as reported by the official China Daily newspaper. The news has caused a surge in the price of shares of the big console makers. Read More