It had been rumored for a while and now it will become a reality. You can now rent and buy movies that you can download to and watch straight from your PS3. If Sony does this right and the download times aren’t huge, they may be able to put a significant dent into the DVD business. Most PS3 gamers also use their PS3’s as the center of their entertainment center and if you can relatively quickly download a HD movie and watch it in less time and cheaper than it takes to go buy it then this could be big. You combine this with PlayStation’s Home that everyone is still waiting for and the next 12 months could be huge for Sony and the PS3.
Sony is raising the curtain on a PlayStation 3 movie download service. Sony announced Tuesday it will launch a downloadable movie service for its PlayStation 3 console. The company announced at the E3 Business and Media Summit it will launch a downloadable movie service Tuesday featuring films from such studios as Disney, Fox and Warner Bros.
The standard and high definition videos can be downloaded to the console and transferred to a PlayStation Portable. Rentals will cost $2.99 to $5.99. Purchases will cost $9.99 to $14.99.
Sony also announced it will sell an 80-gigabyte PS3 model for $399 beginning in September. Among the new games revealed were “God of War III” and “Massive Action Game,” which will allow up to 256 players to battle online.