The PlayStation Video Store is about to get some serious competition. Sony has confirmed that Netflix’s online movie streaming service will be coming to the PlayStation 3. Monthly subscription to Netflix on your PS3 will cost you $8.99. At this rate, you can then watch movies and TV episodes all you want. If you’re a Netflix member, though, you’ll be glad to know that you will be able to stream movies for free initially after the launch of the service.
PS3 system owners will soon enjoy an unparalleled experience watching their favorite movies and TV shows streamed instantly from Netflix, downloading from the PlayStation Network or watching Blu-ray/DVD media. The Netflix offering expands on the entertainment experience delivered to PS3 system owners via PlayStation Network.