Can't make it to the 2014 International Consumer Electronics Show? Never fear... the Fool is there to check out the tech and report back on who's there and what's new. With thousands of products in more than 15 categories, the next big thing is surely making its debut at the CES in Las Vegas.
Sony (NYSE:SNE) has introduced a streaming game service called PlayStation Now, to be launched in summer 2014. With both rental and subscription models, the service brings console-quality games to a wide range of devices.
Thanks to an uncanny ability to identify key trends in technology, David Gardner has established a market-thumping track record. Investors have seen a slew of storylines coming out of CES 2014, but the real challenge is recognizing where the opportunities truly lie. Click here to get David's latest thinking on where you should be invested to profit on the future of technology.
A full transcript follows the video.
Evan Niu: Hey Fools, Evan Niu here. We're at CES 2014, and right now at the Sony exhibit. One of the more interesting things that Sony has announced so far is PlayStation Now.
It's a streaming game service. Sony bought a streaming game company in 2012 and, up until now, we haven't seen the fruits of that acquisition. Now they're rolling out this; it can stream console-quality games to a wide range of devices including PS3s, PlayStation Vitas, a lot of exciting stuff.
As you can see, the performance looks pretty nice, so there you have it.
Niu: Can you tell us a little bit more about PlayStation Now? It's all cloud-based streaming, right?
Sony Rep: Exactly.
Niu: What's the company you guys bought, again? I can't remember the name of it.
Sony Rep: Gaikai.
Niu: Gaikai, that's what it was.
Sony Rep: PlayStation Now is a game streaming service based on Sony's advanced cloud technology. It's the first game streaming service to go onto a game console. We're also showing it here on a Bravia TV. Certain 2014 model Bravias will support PlayStation Now, as well, so you can stream games without a console.
Niu: It looks pretty good, too. You can barely tell the difference.
Sony Rep: Yeah. Based on your Internet connection, you can get up to 720p. The technology is adaptive, so it tests your connection, and it will maintain the best gameplay experience.
Niu: Is there anything required on the developer's side? Do they need to make their games compatible or supported, or is that something that's just out of the box?
Sony Rep: Right now, we're focusing on the PlayStation 3 library of games. Any PlayStation 3 game is potentially something that could be in PlayStation Now.
Niu: So it's something that you guys convert over. It's not like the developer has to go back and make it compatible or anything; it plays as-is.
Sony Rep: Exactly.
Niu: This is maybe one solution for PlayStation 4 people to get some of these older titles without having to buy a PS3 again.
Sony Rep: Yeah. We're launching in summer 2014. It will be on the PlayStation 4. We're looking at two different models for this: one, a rental model, and also a subscription-based model, so you'll have access to a wide variety of PlayStation 3 games on the PlayStation 4, via the PlayStation Now service.
Niu: Thank you very much.
Sony Rep: You're welcome.
Evan Niu, CFA has no position in any stocks mentioned. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.