Sony announce PlayStation Now and stocks tumble for second-hand game vendors
Sony have announced their new cloud service called PlayStation Now where classic games from PS1, PS2 and PS3 will be available on tablets, computers and Bravia TVs. There'll be a global roll-out some time in summer and for gamers, this is very exciting indeed.
Sony's Andrew House said at CES: "Playing your favourite PS3 game on your television will become a reality." Of course, if you had a PS3 in the first place, playing its games on your TV is already a reality, but you get what he means. PS4 consoles and the PS Vita will also have access to the cloud.
It seems that you'll be able to pay for individual titles or have an annual subscription where you get access to the entire catalogue. Sony haven't announced any prices yet.
This echoes OnLive which kicked off in 2010, however, OnLive failed to land the huge titles, so it looks like Sony are out to kill the opposing services dead.
OnLive won't be the only casualties. In America, retailer GameStop has seen their stock drop following the announcement. Trading was down nearly 9%. In the UK, it looks like GAME and shops like Cex could suffer too, as they trade in second-hand console games. Of course, you can't download the peripherals, but as prices tend to be cheaper online rather than in stores, it looks like there's tough times ahead for those in the gaming retail industry.