Sony is raising the curtain on a PlayStation 3 movie download service.
The company announced at the E3 Business and Media Summit it will launch a downloadable movie service featuring films from such studios as Disney, Fox and Warner Bros.
The standard and high definition videos can be downloaded to the console and transferred to a PlayStation Portable. Rentals will cost $2.99 to $5.99. Purchases will cost $9.99 to $14.99.
Sony also announced it will sell an 80-gigabyte PS3 model for $399 beginning in September. Among the new games revealed were "God of War III" and "Massive Action Game," which will allow up to 256 players to battle online.