If you were beginning to think that Formula One games were starting to lose their spunk, there's some good news for you. Colin McRae's DIRT (PS3, Xbox 360, PC) and Race Driver: GRID (PS3, PSP, Wii, DS, Xbox 360, PC) creators Codemasters have secured an official licensing deal with the F1 Administration to develop games based on the world's most popular motorsport. A grand prix of details follow after the jump.

Codemasters is announcing that it has acquired Sega's UK-based Racing Studio, confirming a rumor that was in circulation not too long ago. Codemaster's CEO also had some words to share regarding this matter, which you can view in the full article.

If you guys were alarmed with the news that Sega closed down their UK Racing Studio, here's a tidbit of information that might be of help. There's a rumor circulating the Codemasters might save the studio from its demise. Read more on this after the jump!

In Greek Mythology, when Jason sailed in the Argo to retrieve the Golden Fleece, only one female was among his warriors: Atalanta, the huntress. Atalanta also appears in Codemasters' rendition of the classic story in Rise of the Argonauts. Atalanta waits for you in the full article.

If you guys enjoyed getting the 411 on the first leg of the dev diary video on Codemaster's Race Driver: GRID, the second video's been released. Chief game designer Ralph Fulton talks about the various content that each of the distinct regions has to offer in the game. Catch the video after the jump.

This June, Codemasters will be releasing their latest racing game, Race Driver: GRID. In anticipation of this, they've also released the first in a series of developer diary videos that will give us a closer look at the game. Follow the "read more" link below for the first of the video series, where the game's designer talks about the game's features, game engine, and more.

News about Codemasters and inXile Entertainment's HEI$T (Microsoft Xbox 360, Sony PlayStation 3, PC) has been rather scarce the past few months. Until now, that is. A representative from Codemasters recently gave out a general time frame when we can expect this game to hit the stands. To find out more, check out the full article.

LittleBigPlanet. LEGO Indiana Jones (PS3, PSP, Wii, DS, Xbox 360, PC). Ghostbusters. What do those games have in common with Codemasters' Race Driver: GRID (Xbox 360, PS3, Nintendo DS, and PC)? That's right, the above games - including GRID - will have playable demos in Play.com in Wembley Stadium. Read more about it in the full article!

Codemasters and Blue Omega have finally revealed details about their upcoming game for the Xbox 360, PlayStation 3, and PC called Damnation. Set in a steam-punk universe, this title is interesting to say the least. The graphics seem pretty good, the gameplay sounds promising, and the storyline is pretty awesome as well. For more details on this game, head on over to the full article.

Are you worried that there's been little word about Rise of the Argonauts (Xbox 360, PlayStation 3 and PC) as of late? Never fear, says veteran game makers Codemasters. The British devs are giving us their assurance that all is well with the project and a release period was even dropped. Full details in the full article up next.