Sony to halt movie and TV purchases and rentals on the PlayStation Store this summer
The big flick: The shift in consumer behavior shouldn't come as much of a surprise. Content creators and distributors have hopped aboard the streaming bandwagon en masse, with services like Netflix, Hulu, Amazon Prime number Video, Disney+ and Peacock offer huge digital libraries that tin can exist viewed beyond a variety of devices in substitution for a reasonable monthly fee.
Sony Interactive Amusement (SIE) will no longer offer picture and TV purchases and rentals via the PlayStation Shop as of August 31, 2022.
In a blog post explaining the decision, the caput of SIE's video business organization, Vanessa Lee, said they've seen tremendous growth from PlayStation fans using subscription- and advertizing-based entertainment streaming services on their consoles.
Similar trends are too beingness observed in the music manufacture. According to RIAA'due south 2022 year-end report, the overwhelming majority of US music industry revenues – 83 percent – came from streaming. Digital downloads, like those that Sony will be ending this summertime, accounted for but six percent of music industry revenue last year. Even physical content such equally CDs and vinyl did meliorate, capturing nine percent of the pie.
Sony notes that when the PlayStation Store changes accept effect, users will still have access to movie and Idiot box content they take previously purchased.
Images courtesy Nikolay_E, Vantage_DS
Source: https://www.techspot.com/news/88790-playstation-store-discontinue-movie-tv-purchases-rentals-summer.html
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