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(Applause)

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Thank you Cass, for having me here today.

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The excitement at CES is always invigorating

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as all eyes are on the industry's

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best, most innovative [br]and most promising new products.

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PlayStation is no stranger to the profound impact of a breakthrough product

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and how it can cause people to rethink what is possible.

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As many of you are aware,

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we recently introduced a little product called PlayStation 4

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to some great fanfare around the world.

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It quickly became the largest console launched ever,

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selling over 2.1 million units in just two weeks.

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And today I'm delighted to announce

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that the cumulative sell through has [br]now passed 4.2 million units as of December 28th.

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[Applause]

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Thank you.

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[Applause]

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The PS4 embodies the type of technological advancement

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people have come to expect from PlayStation for the past twenty years.

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While I'm extremely proud of the incredible sophistication of the PS4 hardware,

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that is the physical and tangible aspects of the most powerful system we've ever created.

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I'm equally proud of what you can't touch and feel.

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I'm of course talking about the network [br]that sits at the core of PS4

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and all PlayStation platforms.

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The network delivers virtually [br]unlimited opportunities for our customers

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and represents the future of our industry.

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Sony's network vision is to deliver [br]rich entertainment experiences

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that empower you to [br]discover, connect and engage with your favourite content

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on virtually any device when, and how you want.

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If you own a Playstation system today, [br]the network enables you to easily connect with friends,

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to unlock the full potential of games,

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and it gives you access to an incredible library of titles.

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In fact, Playstation's library of titles is [br]one of the most expensive in the world,

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filled with memorable experiences [br]that have kept gamers entertained for years.

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As we build the new network,

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we asked ourselves what if [br]we could unlock Playstation's library of games

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so that they're instantly available on Playstation devices [br]as well as non-Playstation devices.

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We've been steadfast in our commitment [br]to make this a reality,

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and have made incredible advancements towards integrating

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Gaikai's advanced cloud based technology [br]into our network.

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The result is nothing short of amazing

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and marks the beginning of a new era of streamed gaming

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that eliminates traditional barriers [br]without compromising the quality of gameplay.

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I'm pleased to announce the new streaming game service - PlayStation Now

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This service will, in the longterm, [br]provide existing PlayStation gamers

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with instant access to the games they love, [br]from previous generations

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from the original PlayStation, [br]PS2 and PS3.

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Equally important, [br]the service will also introduce the world of PlayStation

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to even non-console owners, [br]via smartphones, televisions and other devices.

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Soon, playing your favourite PS3 game on a tablet [br]will be a reality.

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And actually you can try PlayStation Now, on Sony Bravia TVs and Playstation Vita systems

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in the Sony booth this week at CES.

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For the first time ever

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[Applause]

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For the first time ever, [br]you can play blockbuster PS3 titles

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including PlayStation Game of the Year [br]- The Last of Us, and beyond

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on a Bravia or PS Vita exclusively at the show.

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Streaming the rich High-Definition gameplay experience,

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delivered by the Last of Us,

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with low latency is a remarkable achievement

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and it demonstrates how we are paving the way

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for gamers to play whenever and wherever.

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We've heard that earlier on.

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We are also going to offer gamers choice

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when it comes to how they want to access content

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on Playstation Now.

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So they'll be able to rent by title [br]for specific games they're interested in

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and we'll also offer a subscription model

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that delivers additional value, [br]and allows people to explore a range of titles

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that they might otherwise not have experienced.

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I'm pleased to confirm that we will begin a closed beta in the US at the end of January

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with an expected full rollout this summer.