Sony have revealed that they are launching a new video service, which sounds excellent.

Already on board are Fox, MGM, Lionsgate, Warner, Disney, Turner and Paramount, the store will not only rent movies but also sell them. TV shows will also be available.

Perhaps the greatest news though is that once you have a movie downloaded, you can take it out with you on your PSP.

The interface also looks very impressive and even more impressive is that it is available from tonight.

This information is taken from the Sony E3 conference which is ongoing, we will bring you more information as we get it.