We were a little surprised when it emerged Sony Computer Entertainment Europe wouldn't be releasing its annual Formula One update this year, however it appears that it's for a very good reason.

Presumably putting the team formerly known as the SEGA Racing Studio to work immediately, UK publisher Codemasters today confirmed to MCV that it has snapped up the license behind the popular motorsport.

Signalling a multi-format change to the previously PlayStation exclusive brand, the announcement further cements Codemasters position in the racing genre, although given DIRT's stance and style we're hoping they're not planning to tailor F1 to a US audience too much.

Initial details suggest the game will take advantage of Codemaster's proprietory EGO game engine, with the first game set to make an appearance in 2009 on a range of consoles, handhelds and PC formats.