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EA Games acquired the rights to produce a UFC video game in June, 2012. Yesterday it acknowledged that it will not be producing the UFC game in fiscal year 2014 which ends in March of next year.

Former UFC Light Heavyweight Champion Tito Ortiz stops by the THQ developer's pit to get a first-hand look at the gameplay for the upcoming UFC Undisputed 3 video game, which drops on Feb. 14, 2012, for the Playstation 3 and Xbox 360.

UFC Undisputed 3 features Carlos Condit, as well as his tattoo. While the former had permission to be there, the latter didn't. That means THQ could owe the original artist a few bucks, who recently filed suit for copyright infringement.

New UFC Undisputed 3 video features improvements to submissions and ground game

Just like its namesake, the ‘UFC Undisputed' series has quickly become the gold-standard from which mixed martial arts video games are judged. The series' next iteration -- ‘UFC Undisputed 3' -- is scheduled to be released in North America on January 3, 2012. To commemorate the occasion, the UFC and software publisher THQ have kicked off a contest to determine the next cover athlete for the upcoming game.

Here's the first trailer from the upcoming video game, UFC Undisputed 3.

UFC Undisputed 3 release date set for January 2012

It was announced today that the third installment of the video game, UFC Undisputed, will be released on January 2012.