Microsoft's offer to Sony includes the option to put Call of Duty games on PlayStation Plus day and date for the same duration as their Game Pass availability.
Across all of its divisions, the Japanese company has another $5.1 billion left until 2024 to make further investments and acquisitions.
The update also brings several new quality-of-life improvements and UI upgrades, in addition to several new accessibility features.
Sony believes its new virtual reality can outperform its predecessor on the market, which would mean sales of over 5 million units.
Microsoft's Rima Alaily says the amount of people who would switch from PlayStation to Xbox if Call of Duty went exclusive is "too small to hurt Sony’s ability to compete."
The console's sales also saw a 27% increase over January, with year-to-date sales up 180% over the first two months of 2022.
The Last of Us co-creator Bruce Straley seems to have courted controversy following his statement that linear games are easier to develop.
Sony Interactive Entertainment's Shawne Benson says, "There's a lot of things we could do and then create marketing stories around."
AMD sold Sony $3.776 billion worth of SoCs for the PS5 last year, accounting for 16% of the company's revenue during the period.
Producer Naoki Yoshida confirms that Sony's development support on the RPG was one of the factors responsible for its timed exclusivity deal.
Koei Tecmo and Team Ninja's upcoming open world action RPG, which is due out next year, has been in the works for seven years.
The bullet-hell/third-person shooter finally comes to PC, but not without its share of issues. Here are some fixes you should know about.
Journalist Jeff Grubb says the rumoured upcoming PlayStation Showcase will be a "massive" event, and was originally scheduled for last Fall.
Meanwhile, PlayStation Plus Game Catalog will also add Uncharted: Legacy of Thieves Collection, Rainbow Six Extraction, and more.
The VR headset retails for $549.99 and includes a 4K dual OLED panel, eye-tracking, new Sense controllers with haptic feedback, and more.
Microsoft President Brad Smith says the new deal offered to Sony is better for PlayStation than the existing one.
After a recent hearing with the European Commission, a deal between Microsoft and Sony about Activision Blizzard is still "not close" to happening.
The presentation will also feature new looks at upcoming third party games and announcements for upcoming PS VR2 titles.
PS5 players can also participate in a limited-time event until late March against Gran Turismo Sophy, a complex racing AI.
With a concurrent user count of under 7,000 on Steam, Returnal is among Sony's worst PC launches so far, second only to Sackboy: A Big Adventure.
