Sony Unveils Upgraded Subscription Service PlayStation Plus

Sony Group Corp. (TYO: 6758) has launched an upgraded PlayStation subscription service for its gaming console. The company says the upgraded PlayStation Plus service will be offering hundreds of recently released games including; ‘Spider-Man: Miles Morales’ for a flat monthly subscription fee when the service will be launched in June.

Initially, the upgrade Playstation Plus will be first launched in United States, Europe and Japan thereafter it will be rolled out to other parts of the world in due time. The CEO of Sony Interactive Entertainment, Jim Ryan, says the service will not include new releases.

There will be more from PlayStation Studios, and all of the major publishers will be represented,” added Ryan.

The upgraded service will merge the current PlayStation Plus, which has 48 million subscribers and PlayStation Now which has 3.2 million users and a catalogue of games to download and stream.

Currently the company offers three tiers priced at a monthly subscription fees ranging from $9.99 to $17.99 or $59.99 to $119.99 annually.

The lowest price tier is PlayStation Plus Essential, followed by PlayStation Plus Extra which adds a catalogue of PS4 and PS5 games. The third one is PlayStation Plus Premium and it offers an additional catalogue of older titles, cloud streaming in major markets and time limited game trials.

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