Sony May Add Downloading to PS3, PSP
Sony is looking to challenge Apple in the area of video downloading, with future version of the PlayStation 3 and PlayStation Portable possibly being equipped with video-downloading ability, the Wall Street Journal reported Monday. Sony’s CEO, former CBS head Howard Stringer, is said to be the driving force behind the initiative.
Sony’s plan, according to the Journal, is to use the Walkman and PSP as iPod competitors, while enabling direct downloads through the PS3 console and hi-def Sony televisions.
The research firm Parks Associates, according to the Journal, estimates that revenue from Internet video will reach $7 billion, in the U.S., by 2010, from around $2 billion presently. Sony is angling for a piece of that pie, but it has competition, from such giants as Apple and Microsoft, as well as movie studios, cable operators, and Internet firms.