Speaking at an event in New York, and in front of millions across the internet, Andrew House, the group chief executive of Sony Computer Entertainment, said:
"Today marks a moment of truth and a bold step forward for PlayStation as a company.
"Today we'll show how we are strengthening the PlayStation ecosystem.
"Today we will give you a glimpse into the future of play."
More top news
Former Liberal Democrat MP Lord Avebury, known for campaigning for democratic and human rights, has died aged 87.
A late Danny Welbeck header gave Arsenal a vital win over ten man Leicester at the Emirates.
The announcement by Barack Obama that he will nominate a successor to Justice Antonin Scalia has set up a battle with Republicans.