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Following news last week that Argonaut had relieved more than 100 staff of duties and closed down its Sheffield office, the company has confirmed today that it is in administration and is to be sold.

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The Sheffield studio of embattled British development group Argonaut has shut its doors, with the future of the company as a whole uncertain as it seeks a way out of serious financial difficulties.

Mortal Kombat is to become an annually updated franchise, publisher Midway Games has revealed, beginning with a new action-adventure title called Mortal Kombat: Shaolin Monks which is due out on PlayStation 2 and Xbox in autumn 2005.

HD Interactive has released a multiplayer demo for Nexus - The Jupiter Incident, Mithis Entertainment's extremely pretty upcoming space combat sim, and we've popped the demo up on Eurofiles here (114MB) for you to check out.

As if you needed more incentive to buy Halo 2, Microsoft has just announced a new limited edition Xbox Live bundle featuring a copy of the game, a headset for voice comms and twelve months subscription to the broadband-only gaming service.

Quoting myself this chilly morning: "If I play another World War II game this year I will die". Probably from the shrapnel wounds caused by the exploding joypad of doom, committing its own furious act of vengeance in protest at the increasingly spectacular lack of imagination displayed by the ideas men in the games industry.

X-Men Legends is barely on store shelves here in Europe (it literally came out today), but publisher Activision has already greenlit a sequel from developer Raven Software, after boasting that the first Legends title is set to become the most successful X-Men game in the franchise's history.

Eidos has announced a deal with Swedish developer Avalanche Studios, which will see the apparently fairly new developer produce an action game called Just Cause for the PS2, Xbox and PC in 2005.

Konami has announced that the four-player Teenage Mutant Ninja Turtles 2: BattleNexus will be released in Europe in Q1 2005 on PS2, Xbox, Cube and PC, while the Game Boy Advance enjoys a matinee showing of sorts sometime this November.

Quoting Shakespeare, no less, Electronic Arts has officially unveiled its next World War II-based Medal of Honor console title, having mentioned one was in development earlier this week during an investor conference call.

SEGA Europe has signed a deal to publish Blade Interactive Studios' next snooker title, after previous publisher Codemasters decided not to take on the UK developer's officially sanctioned 2005 clack-'em-up.

We wish they wouldn't do it, but do it they must. This annual ritual of churning out sporting sequels, we feel, utterly diminishes any sense of excitement to the point that trying to glean any sense of novelty from the game is rendered null and void. It wouldn't be a big issue were it not for the fact that everyone else has steadfastly adopted the same tactic so we're left trying to play spot the difference between four or more different Rally brands on an annual basis. Pardon us if we're starting the review off on a negative note, but it's a disclaimer worth mentioning from the off.

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Ever since the early 90s, Sports Interactive has been king of the football management genre by a huge margin. Their recent decision to sign up with SEGA to publish their game may have forced them to change the name to Football Manager, but such is the profile of Sports Interactive that there's a sense that a change of brand name won't affect them in the slightest. Indeed, managing director Miles Jacobson has every confidence that Football Manager 2005 will perform as well as the last Championship Manager title did - and that was before Eidos announced that CM5 may slip into next year. Competitive instinct is what management is all about, and Jacobson thrives on the battle as this extensive interview illustrates. Download the video from Eurofiles now - details and links here. Or, simply read on, as he admits he's "bricking himself" about the potential piracy, how console versions are very much on the radar, possibilities for online play, his thoughts on the next engine revision and even his love for Pro Evo...

KOEI's European arm has been a hot-burrow of busy bunnies this week as the publisher announces that it's signed PS2 titles Phantom Brave and La Pucelle: Tactics from Japanese firm Nippon Ichi for release in early 2005, and plans to release its own PS2 Samurai Warriors Xtreme Legends title in the same timeframe.

Rockstar Games has reacted to the "theft" of Grand Theft Auto: San Andreas by promising to "diligently and aggressively pursue this matter," as the hugely anticipated PS2 title spread across newsgroups and websites offering illegal downloads, but says that the game's launch has not been affected.

Although it's just a formality at this point, it's nevertheless nice to see SEGA Europe officially confirming that Super Monkey Ball Deluxe will be released across Europe in spring 2005 on PS2 and Xbox.

Sony UK has confirmed that Gran Turismo 4 has slipped into 2005 in Europe. The publisher had been hoping to release the game in December of this year - having scrapped the game's online features in order to try and make the deadline - but now it appears that localisation issues have proven insurmountable.

Grand Theft Auto: San Andreas has become the latest big name title to fall victim to the determined efforts of the piracy scene as the PS2 Rockstar opus leaked onto illegal download channels today.

British development group Lionhead Studios has announced that it has signed a deal for several million pounds of investment from a consortium of venture capital groups, which will be used to fund future product development.

Electronic Arts has denied that Medal of Honor: Pacific Assault has been delayed until Q1 2005, following reports surrounding the publication of the publisher's financial results this week. The World War II-based first-person shooter is still set to be released on November 12th in Europe.

Wrestling entertainment group WWE has filed a lawsuit against a number of parties including THQ and Jakks Pacific, alleging that the WWE videogame licenses that they hold were obtained through bribery.

In what's rapidly turning into EA Day here at Eurogamer, we're also of a mind to tell you that the uberpublisher has identified the first three months of 2005 as a good time to release the next instalment in its Fight Night boxing series, and the first expansion pack for The Sims 2.

In amongst the usual excitement over its latest financial results this week (short version: them makes the big moneys!), Electronic Arts has revealed that its working on another Medal of Honor console title, going under the working title Medal of Honor 4.

Viewtiful Joe 2 will not feature co-operative multiplayer according to a new round of previews surfacing in the US this week - presumably as part of Capcom USA's pre-release build-up - but single players will be able to switch characters on the fly.

Immensely popular videogames satire site Penny-Arcade has launched this year's Child's Play charity effort, which aims to collect toys, games, books and other entertainment products for children's hospitals in the USA.