505's secured the rights to Grease. As in, the movie. With Rizzo. Undated Wii and DS games are on the way.

This happened yesterday. We must have been drunk, or something.

“Paramount Digital Entertainment is pleased to be working with 505 Games to develop Grease,” said Paramount's John Kavanagh.

“Grease is the ideal opportunity to reach a broad gaming audience who love to sing, dance and have fun with a party-style game.”

You can insert any one of 500 billion quotes from the film here as a "joke". Then read the PR after the break.

1 July 2009
GREASE GETS SUMMER LOVING FROM 505 GAMES AND PARAMOUNT DIGITAL ENTERTAINMENT
LOS ANGELES – July 1st 2009 – 505 Games today announced it has secured the global publishing rights for a video game based on the original high school musical, Grease. Working in collaboration with Paramount Digital Entertainment, 505 Games will oversee and publish a Grease video game for the Nintendo Wii™ and Nintendo DS™.

The Grease video game will allow players to sing and dance alongside Danny, Sandy, The Pink Ladies and the T-Birds. The game will take full advantage of the Nintendo Wii’s motion-sensing controls and microphone, and the DS’s touch screen to create exciting gameplay for casual and family gamers eager to experience Grease in a new medium.

“We are really excited about working with Paramount Digital Entertainment to turn this world famous film into a video game for the very first time. Working with such a well known and much loved brand is a great opportunity and we believe the collaboration further strengthens 505 Games’ entertainment portfolio,” commented Ian Howe, Managing Director 505 Games.

“Paramount Digital Entertainment is pleased to be working with 505 Games to develop Grease,” said John Kavanagh, Senior Vice President of Video Games for Paramount Digital Entertainment. “Grease is the ideal opportunity to reach a broad gaming audience who love to sing, dance and have fun with a party-style game.”

Grease will be released on Nintendo Wii and Nintendo DS and co-published by 505 Games and Paramount Digital Entertainment.