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Sony releases new PlayStation gaming subscription service to bring on Microsoft

Key takeaways: 


This summer, Sony is ready to release a new video game subscription service, aiming to push sales of its PlayStation consoles and contend with a similar offering from Microsoft.


The firm said Tuesday it would bundle its current PlayStation Plus and PlayStation Now services into one single subscription service named PlayStation Plus. The new PlayStation Plus will be open in June and comes in three tiers:


Industry insiders view the action as Sony’s answer to Xbox Game Pass, a game subscription benefit from Microsoft which allows users to download and stream many different games.


Microsoft is paying big on Game Pass, receiving giant video game publishers like Activision Blizzard and Bethesda for $76 billion to get their famous titles onto the service.