Los Angeles - Video game publisher 505 Games announced on Monday that it has signed a deal with Olympic swimmer Michael Phelps to develop branded console and iPhone games. Development is underway on the first title, which 505 said may also include some of Phelps' teammates. The company also said it will donate a portion of proceeds to the Michael Phelps Foundation.

Baltimore - Fresh off his record-breaking performance at the Beijing Olympics, Baltimore swimmer Michael Phelps also continues to make giant waves online. As of Tuesday morning, the 23-year-old's Facebook fan page had just over 1 million members. As the Baltimore Sun pointed out, that's second only to presidential candidate Barack Obama, who had 1.35 million Facebook fans. "So many comments poured in [Monday], part of his fan profile site temporarily crashed," The Sun reported, citing Facebook officials. By comparison, Phelps -- who on Sunday broke Mark Spitz's Olympic record with eight gold medals during a single Olympics -- had more fans than the two most popular bands on Facebook, Coldplay and Linkin Park, combined.