Sony Announces 'PlayStation NOW' Video-Game Streaming Service

At the Consumer Electronics Show today in Las Vegas, Sony has unveiled their newest feature that will finally be utilized on Sony devices such as the PlayStation 4, PlayStation 3, PlayStation VITA, and Bravia TV Sets, phones, and tablets.

PlayStation NOW, powered by Gaikai, a subscription-based streaming service Sony acquired in 2012 for the hefty tag of $380 million, will act as a glorified Netflix for video-games, allowing gamers to instantly play the most updated version of any game listed, with no download or wait required, all that will be needed is a solid internet connection and a subscription, which has yet to be announced.

According to GamesBeat:

PlayStation Now will enable players to rent games one at a time, but it will also feature a subscription model that will likely give players access to a huge library for a monthly or annual rate. Sony did not provide pricing info at the presentation.

The company plans to start a closed beta of PlayStation Now in the U.S. by the end of this month. It will roll out the service in full this summer. At first, the streaming program will only feature PlayStation 3 games, but Sony could add older works in the future.

This feature was teased at E3 over the summer, to much praise as this will effectively be the first of it's kind for consoles, exclusive to Sony devices.

Sony also announced that 4.2 million PlayStation 4 consoles have been sold as of now from it's November 15 launch-date.