The parents of "Balloon Boy," Richard and Mayumi Heene, are expected to plead guilty to creating a media hoax.

Nearly five million copies of the new video game Call of Duty: Modern Warfare 2 were sold on the first day of its release, breaking a record previously held by Grand Theft Auto IV. The game is estimated to have made $310 million in the U.S. and U.K. alone.

Is Nintendo going to follow Microsoft and Sony with a Wii price drop?

Courtney Love says she will sue Activision, the makers of Guitar Hero 5, for using the likeness of late Nirvana frontman Kurt Cobain in the game. Activison released a statement saying it "secured the necessary licensing rights… in a written agreement signed by Courtney Love." (via The Daily Swarm)

The late Kurt Cobain of Nirvana makes his video game debut in a trailer for Guitar Hero 5.

In response to the release of Sony's $299 PlayStation 3 Slim, Microsoft has announced it will drop the price of its Xbox 360 Elite from $399 to $299.

The average video game player is more likely to be "overweight, depressed and introverted," according to a controversial study by the Centers for Disease Control.

Sony has confirmed it will release a smaller, less expensive version of the PlayStation 3 called the PlayStation 3 Slim. The console is expected to be in stores by September and have a price tag of $299.

MMA superstars Fedor Emelianenko and Randy Couture have signed on to appear in EA Sports MMA, Electronic Arts' answer to THQ's hit UFC 2009 Undisputed.