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Eddie Murphy will reprise his role as Axel Foley in a "Beverly Hills Cop" spin-off series. "The Shield" creator Shawn Ryan is also attached to the project.

Asian markets were mixed Wednesday as investors remained watchful waiting for policymakers around the world to announce stimulus measures to boost the faltering global economy.

Visual effects are now the foremost draw for most big-budget movies, and yet conditions for the workers who create those effects have never been worse. Many VFX artists face punishing schedules, working with no health insurance or benefits to meet the demands of effects-laden motion pictures.

According to VentureBeat, Microsoft is courting former OnLive employees now that the game-streaming company has entered a period of restructuring that caused layoffs for multiple employees.

Four months after Sony unveiled its "One Sony" concept to recapture its leading role, Sony has finally offered a glimpse into its practical strategies to streamline integration between different hardware products and media platforms.

Neil Burger (“Limitless”) is the latest director to leave the troubled “Uncharted: Drake’s Fortune” film adaptation, according to Variety.

Asian stock markets declined Friday as hopes for a strong policy action from the U.S. Federal Reserve faded and disappointing economic reports on China and the euro zone revived concerns over the faltering global economy.

Walt Disney Studios (NYSE: DIS) confirmed to Us Weekly on Wednesday that Vivienne Jolie-Pitt, the 4-year-old daughter of Hollywood power couple Angelina Jolie and Brad Pitt, is making her big-screen debut in "Maleficent," a live-action "Sleeping Beauty" reboot that stars her famous mom in the title role.

According to a lengthy Kotaku article, Nintendo has begun openly discussing its direction with the Miiverse.

Sony Mobile announced Thursday that it would lay off about 15 percent (approximately 1,000 personnel) of its global workforce as part of its global operational restructure. The company also announced that it would move its corporate headquarters from Lund, Sweden, to Tokyo, Japan in October.

Black Isle, the company behind such games as the original post-apocalyptic RPG “Fallout” and “Planescape: Torment” has apparently been revived by Interplay, according to Kotaku.

According to Kotaku, Nintendo will be holding a press conference on September 13, 2012 in New York. Kotaku reports that in a press invitation sent to various outlets, Nintendo of America president Reggie Fils-Aime will be on-hand to discuss "more about how the Wii U will change the future of gaming and entertainment."

NBC has won a bidding war for a new single-camera series starring Michael J. Fox. The series is based on Fox's own life.

According to MTV Geek, Sony is planning on supporting its beleaguered Vita handheld gaming device. The device launched back in February of this year and was met with massive sales drops in the following weeks, post-release.

Sony Corp. is doing its best to maintain Playstation 3 and Playstation Vita performance in the lead-up to next year's anticipated launch of its next-generation console by cutting costs and introducing a wide range of new intellectual property for the rapidly aging devices.

Veteran actor Michael J. Fox appears ready to officially come out of retirement. The "Back to the Future" star has teamed up with "Easy A" director Will Gluck and Sam Laybourne, writer for cult-classic comedies "Arrested Development" and "Cougar Town" to develop a new prime-time comedy to premier in 2013.

Late in its current-generation life cycle and amidst countless rumors about the upcoming Playstation 4, Sony is finally introducing a native YouTube app to its Playstation 3 gaming console. Is this a sign of Sony's future plans of all-encompassing media integration?

Gamescom 2012 is officially under way, with press conferences from two of the biggest names in the video game industry already finished. Capcom and Electronic Arts have showcased their current projects in the works, but there are still two days left of the European interactive entertainment trade fair

Since the film adaptation of "Fifty Shades of Grey" was announced in March, speculation about who will play the role of Christian Grey has run wild.

With rumors circulating that Ben Affleck is in talks to handle Warner Brothers’ “Justice League” property (featuring DC superheroes Batman, Superman, Wonder Woman and others), the news of Joss Whedon signing for “Avengers 2” surprises few.

Peregrine Semiconductor, which has sold more than a billion high-frequency chips to the mobile industry in the past five years, raised $77 million in its IPO on Tuesday and plans to start trading Wednesday, the latest technology IPO since the Facebook fiasco.

Asian stock markets advanced for the third straight session on Wednesday as sentiment continued to improve on hopes that the major central banks around the world will soon announce new round of stimulus measures to spur economic growth.

Microsoft has entered into an intellectual property (IP) licensing agreement with Sharp to use the latest Extended File Allocation Table (exFAT), a modern file system that facilitates large files for audiovisual media and enables seamless data portability for an easy interchange of files between desktop PCs and other electronic devices.

"Community" creator Dan Harmon on Monday had strong words for his former bosses at Sony Pictures Television and NBC when he sat in on a radio program in Santa Monica.

A new report published by the Book Industry Study Group found that fewer consumers are purchasing books exclusively in electronic formats, while the number of booklovers who have "no preference" for e-books over print books is increasing.

Microsoft, which has long refused to confirm the advent of a next-generation Xbox console, has finally confirmed new hardware in development, rumored to be codenamed "Durango."

For the third Friday in a row, "The Dark Knight Rises" reigned supreme at the box office. Christopher Nolan's conclusion of his Batman trilogy earned $10.4 million, while newcomer "Total Recall," starring Colin Ferrell and Jessica Biel, managed to pull in just $9.2 million its first day in theaters.

Black Sabbath, The Black Keys and Frank Ocean are just a few of the major acts that will headline the twenty-first year of Chicago's Lollapalooza Festival. Although tickets are sold out, fans can stream the concerts of bands they want to see online.

Asian stock markets declined Friday as sentiment was dampened after the European Central Bank (ECB) failed to offer any new stimulus measures to resolve the sovereign crisis in the euro zone.