David Perry, Chief Creative Officer of Acclaim Games, has identified 29 possible ways to monetize video games in a recent CNET-article. There is nothing revolutionary here - the list includes Advertgames, Episodic Entertainment and Micro-Transactions. But the list illustrates an important point - the games industry (and all other mediums for that sake) has to diversify its revenue stream in the face of competition, piracy and the economy. Fortunately there are, at least, 29 ways of doing that readily available for developers. Looking forward to a lively discussion about this topic at our upcoming NY Games Conference, where we have several panels dedicated to monetization strategies. In the meantime, post a comment and let us know what you think of Perry's list.

London - Acclaim Games, a publisher of massively multiplayer online games, has received a multi-million dollar investment from Mayfield through GameInvestors.com, GamesIndustry.biz reported.

Los Angeles - Video game publisher Acclaim Games announced on Thursday that it partnered with major record label Warner Music Group on a dance-based, free online multiplayer game. "DANCE! Online" lets players create their own avatars, and use either a keyboard or PC-compatible dance pad to perform choreographed dance steps along with up to six other players. Virtual clothing and accessories will be available for purchase, along with "song packs" from the Warner catalog. The game launched an open beta test this week, with in-game advertising provided through IGA Worldwide.