Sony: PS3 Will Secure Blu-ray Format
March 31st, 2009

As part of Sony’s announcement today that it will be cutting the PS2’s RRP by $30, SCEA CEO Jack Tretton took a moment to make parallels between old and new.
“Just as PlayStation 2 is delivering on a 10-year lifecycle and helped expand and solidify the DVD format for home entertainment along the way,” he said, “we believe Playstation 3 offers the same promise by helping secure the Blu-ray format.”