Xbox Live is a major money-spinner for Microsoft's gaming division, one which both Sony and Nintendo envy. Sony is currently trying to replicate Live's success with its very own PSN service and the wide array of new additions to PSN might help Sony in its endeavor. One of the new additions happens to be the Playstation video downloading service, which is now live.

Users can rent or purchase SD or HD content from various leading TV and movie stables including Fox, MGM, Warner and Disney etc. TV videos begin at $1.99, while movie rentals and purchases begin at $2.99 and $9.99 respectively.

Several reports frequenting the internet seem to suggest that service is not available in all regions/countries. But there is no word on this issue from Sony. Limited launch or not, Wedbush Morgan’s videogame analyst Michael Pachter believes that availability of videos on PSN can lure potential Apple TV owners towards the PS3.

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