Nintendo sits atop Game Developer magazine’s annual list of top 20 video game publishers for the third year in a row, as reported by Gamasutra today.  The top four publishers maintained their position in the 2009 list with Nintendo again followed by EA, Activision-Blizzard and Ubisoft.  The big shift comes from Take-Two displacing Sony for the number five position.  The list only accounts for software, looking at publishers release slates, revenue and review scores.

New entries in the list are Bethesda and MTV Games.  Sega saw a precipitous five-place drop from last year to place at number twelve.

Read more at Gamasutra {link no longer active}.