Sony Corp. has plans to release the next video game console. The plans are to have a new technology to stream games into it.

The service would be used to design current PlayStation 3 titles on the new console. It is also anticipated to play new games stored on optical discs.

Sources have reported that very soon PlayStation 4 will let gamers play PlayStation 3 games via Gaikai, purchased by Sony in 2012 for $380 million. The Sony will release a press conference to explain about the streamlined technology.

PS4 is bound to play disc-based games along with the regular features. The best characteristic of the console would be of this cloud-based game.

No information has been provided by the trusted sources regarding the price that the PS4 would be tagged at. Sony has not even fleshed out any information regarding streamlining of PS3 games till now.

Apart from the cloud-based game streaming, sources have said that cameras with Move can be anticipated by the users.

The Play station launch is expected to happen in New York. As the sources have said that till the time the Sony does not speak on the matter, users have many things to wish for the PS4.