Sony Stop Rental and Selling Movies on the PlayStation Store

Jakarta, CNN Indonesia –

Developer game Sony consoles reportedly stopped renting and selling passing movies PlayStation Store, starting August 31, 2021. However, users can still watch purchased PlayStation video content even if the feature is closed.

“We decided to no longer offer sales and rental of movies and TV through the PlayStation Store starting August 31, 2021,” said Vanessa Lee, Head of Video Business at Sony Interactive Entertainment, quoting from the official website. PlayStation, Thursday (4/3).

Furthermore, Sony said it was leaving the Video-On-Demand (VOD) business after more than a decade because it saw many PlayStation users adopt free and subscription video streaming services.

“At SIE, we strive to provide the best entertainment experience for PlayStation fans, that means expanding our offering as customer needs change,” wrote Vanessa Lee.

Sony closed its digital video stores after double-digit growth in the sector in 2020 at the time of the Covid-19 pandemic.

In 2020 in the United States (US), the sale of electronic broadcasts had increased by 16 percent and VOD rentals increased by 18 percent from the previous year.

Quoted VarietySony’s departure from the transactional VOD business came after the company closed its virtual pay-TV service PlayStation Vue in January 2020, citing expensive content and network deals.

Sony says the transactional VOD market is an ecosystem full of rivals. Several technology giants launched similar products, such as Apple iTunes, Amazon Video, Fandango and Comcast’s Vudu.

(can/DAL)

[Gambas:Video CNN]


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