Sony Reveals PlayStation Movie Download Service

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 Tuesday 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.