Sony will offer a video download service in the first quarter of 2007 for its PlayStation Portable (PSP) game device, the Financial Times reported in its online edition. The scheme involves downloading video content to a PC for one-time transfer to a PSP. Sony Pictures Home Entertainment developed the service to work with Sony's memory stick storage platform, the report said. A 4Gb Sony memory stick has the capacity to store 10 feature films. Sony is also negotiating with vendors like Amazon.com, Movielink and CinemaNow to provide the new service.
Source: Forbes.com