(Applause)

Thank you Cass, for having me here today.

The excitement at CES is always invigorating

as all eyes are on the industry's

best, most innovative 
and most promising new products.

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

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

As many of you are aware,

we recently introduced a little product called PlayStation 4

to some great fanfare around the world.

It quickly became the largest console launched ever,

selling over 2.1 million units in just two weeks.

And today I'm delighted to announce

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

[Applause]

Thank you.

[Applause]

The PS4 embodies the type of technological advancement

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

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

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

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

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

and all PlayStation platforms.

The network delivers virtually 
unlimited opportunities for our customers

and represents the future of our industry.

Sony's network vision is to deliver 
rich entertainment experiences

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

on virtually any device when, and how you want.

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

to unlock the full potential of games,

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

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

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

As we build the new network,

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

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

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

and have made incredible advancements towards integrating

Gaikai's advanced cloud based technology 
into our network.

The result is nothing short of amazing

and marks the beginning of a new era of streamed gaming

that eliminates traditional barriers 
without compromising the quality of gameplay.

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

This service will, in the longterm, 
provide existing PlayStation gamers

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

from the original PlayStation, 
PS2 and PS3.

Equally important, 
the service will also introduce the world of PlayStation

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

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

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

in the Sony booth this week at CES.

For the first time ever

[Applause]

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

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

on a Bravia or PS Vita exclusively at the show.

Streaming the rich High-Definition gameplay experience,

delivered by the Last of Us,

with low latency is a remarkable achievement

and it demonstrates how we are paving the way

for gamers to play whenever and wherever.

We've heard that earlier on.

We are also going to offer gamers choice

when it comes to how they want to access content

on Playstation Now.

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

and we'll also offer a subscription model

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

that they might otherwise not have experienced.

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

with an expected full rollout this summer.