Sony is apparently set to abandon the license for games based around Formula 1, with increased costs blamed to the culprit. TG Daily claims that, according to their industry sources, there is a pretty wide gap between what Formula 1 wants for the license and what Sony is agreeing to pay.

The site named EA, Ubisoft and Codemasters as possible licensees, though it should be pointed out that anyone can basically get their hands on the license given enough money. However, it has to be noted that while EA and Codemasters both have established racing franchises, Ubisoft is yet to produce any.