Sony announced that presently 2.2 million people have PlayStation Now subscriptions. PlayStation Now is the cloud gaming service that provides access to an increasing number of third and first-party titles.
PlayStation Now had doubled the subscription count from this time around last year, when Sony had announced that it has over a million subscribers. This increase in subscribers comes about seven months after the company announced that it is bringing down the subscription rates. Subscriptions cost $9.99 for a month and $59.99 for a year now, while they earlier had the price tag set at $19.99 for a month and $99.99 for a year.
Even though this number of subscribers for PlayStation Now seems massive on paper, it is important to keep in mind that this service was launched five years back by Sony. So, going by that, the growth rate has been too slow. Xbox Game Pass, it is the closest competitor that also comes with a huge collection of games for the subscribers, had over ten million subscribers this April, after it was launched in the year 2017.
PlayStation Plus, the online gaming service by Sony, is also showing signs of growth. It reached 41.5 million subscriptions by the end of March this year, which is a five million increase from its position last year when the company had announced that PlayStation Plus has more than 36 million active subscribers. It was reported by Microsoft that Xbox Live has over ninety million active subscribers by the end of April.
The numbers might have also seen such a significant increase because of the current situation where most people are searching for new ways of entertainment as they are confined at their home. The gaming industry has raked in $10.9 billion in solely the first half of 2020.