The first footage from Iron Man has been released by Sega, showing off some gameplay footage of the superhero jet fighter! The game is in development at Secret Level and A2M, and is slated for release in 2008 alongside the highly anticipated movie.

Golden Axe is back! Sega has reanimated the classic franchise and is developing it for the PS3 and Xbox 360, making the first project of Secret Level, a studio that Sega acquired recently.

Golden Axe delivers action-RPG thrills as a small band of Riders embark on an epic adventure to recruit allies, expose the enemy and prevent the annihilation of their breed. Delivering an intense and unique combat experience, players charge into battle on the backs of ferocious beasts or take their chances with the enemy while on foot. Fighting skill, wits and even magic are all called into action as players immerse themselves in the struggle to defeat an evil intent on enslaving the remains of civilization.

The game is set for release next year.

Continuing its acquisition frenzy, Sega has announced that it has bought Secret Level, the studio behind games such as Karaoke Revolution and America’s Army: Rise of a Soldier.

Apparently, Sega has looking to build an in-house studio in North America from scratch, but were so impressed with Secret Level that they decided to make it their internal studio through the acquisition. Based in San Fransisco, Secret Level is rumored to be working on a next-gen project for Sega, marking the return of a classic title.

Sports Interactive was also snatched up by Sega, marking their involvement in the sports-simulation genre. Known best for the hugely successful Football Manager series, Sports Interactive will continue to develop NHL: Eastside Hockey Manager, as well as expand on the Park Baseball and Football Manager franchises.

The first titles to be released out of this partnership will be Football Manager 2006 for Xbox 360 and Football Manager Handheld for the PSP. Both titles will be out on April 13.