Codemasters Stephen Hood has shared his thoughts about racing games and the next-generation of consoles.

Speaking to IGN, the creative director of the recently announced F1 2013 explained that there was no temptation to get the upcoming game on Sony and Microsoft's next consoles as it would have resulted in a dip in quality.

"I think there's often a push for developers to tart their games up and look slightly better for the immediate rush for the next generation," he explained. "But it costs a lot of money to put these Formula 1 games out. Theres a lot of money involved in trying to secure the rights for licenses."

Read More and Watch the Video: