New details have been released that state that first place will win $175,000 while the second place finisher will walk away with $75,000. Presumably, they will use the funding to complete their game. There is a catch, however, and it is a rather significant one as it’s the same kind of issue that had Infinity Ward developers dropping like flies: Intellectual property rights.

Pay Back Games has a few reasons why its method of competition is more advantageous than other companies. First of all a person playing by themselves doesn’t have to wait until other members of their team is available to play. It also eliminates anyone from playing the blame game whenever their team loses the big match. Every game will be officiated by a live referee who will be in contact with players at all times.

As promised in my previous post, here are some of the videos from the Gamestop Street Fighter IV National Championship Finals held on April 19, 2009, in San Francisco, California (USA).

Click through for four exclusive videos from the event!

Sony confirmed and announced it’s new PSP-3000 model at Leipzig 2008 earlier this month which offers improvements including a brighter screen and a built-in microphone. One thing that has become quite troubling over the years, however, is the number of must-have PSP titles compared to the Nintendo DS. Even though the PSP continues to show strong hardware sales, Wedbush Morgan Securities analyst Michael Patcher thinks the new hardware changes are signs of a much larger problem.

Speaking with Das Gamer Patcher said:

“Sony over-engineered the PSP, and as a result, it’s become a no-man’s land. You can’t make a title of Playstation 3 or Xbox 360 quality for it, but you can…

The American leg of US World Cyber Ggames 2008 will take place at the Samsung Experience in New York, NY, on May 31, 2008, and June 1, 2008. At stake are cash and prizes worth more than $20,000 along with a place in the WCG USA National Final. The first leg or the WCG 2008 US Open will include some of the best gamers in America who have their sights set on qualifying for the WCG 2008 Grand Finals in Cologne, Germany, in November 2008.

The Grand Finals will have…

With Grand Theft Auto IV‘s release is less than a month away (April 29, 2008), developer Rockstar Games is still trying to guarantee that gamers have a all-encompassing, all-great gaming experience. To this end, Rockstar has launched Rockstar Social Club, a new website that will provide gamers leaderboards, performance-based competitions and awards.

Rockstar Games announced in a press release that GTA IV will be the first title supported by the website it plans to support all of subsequent titles as well. The registration for the service will commence April 15, 2008, and all you need to sign up is an Xbox Gamertag or a Playstation Network ID.

As for GTA IV-specific Social Club features, Rockstar is promising the following…

Blizzard Entertainment recently announced its 2008 World of Warcraft Arena Tournament with more than $200,000 in cash prizes.

The competition is based on World of Warcraft‘s arena system except separated from the live realms to provide a more secluded area for professional-level players to compete with their individual skills and strategy. Consisting of two rounds of regional qualifiers, the winners of the regionals will go on to compete in the live regional finals and a chance to compete in the global world championship.

By being separated, those who compete in the standard arena for…

Starting December 6, 2007, game fanatics worldwide will be able to watch the highly anticipated Championship Gaming Series. The nine-day event will be broadcasted on television via DirecTV in the US; BSkyB’s Sky One, Sky Two and Sky HD in England; ESPN STAR in Asia; SKY in Mexico and Brazil; DirecTV throughout the rest of more »

The highly controversial, first ever Miss Video Game 2007 took place in Montreal, Canada, this past weekend. The finals of the event were held at Festival Arcadia, a Canadian gaming event, and organized by Edmond-based Titan Gaming. The five finalists in the competition were Adelle Moore (Syracuse, NY), Lauren Berggren (Mandeville, LA), Tiffany Greene (Simpsonville, more »

Okay, all you lone wolves out there, its time for you to howl ‘cause it’s all about you during this years upcoming Million Dollar, Halo 3 Tournament. X Factor announced last week (November 8, 2007) that it will maintain the original tournament format for its $1,000,000 Halo 3 Competition. Though public outcry was said to more »