I wouldn’t cancel my Blockbuster subscription yet but Sony has promised that they will start offering full movie downloads on their Playstation Network this summer. Yes, this summer! The new movie for PlayStation 3 home console will start in the U.S. and later in Europe and Japan! Kazuo Hirai, who heads Sony Corp.’s video game unit, mentioned all this on Thursday but said that more detials will only be available next month, possibly at E3.

Hirai said the company will strengthen its network services and further cut costs to achieve profitability in the Sony gaming business in the current fiscal year ending March 2009.

This is great news! We just hope they have moderate prices!

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