Sony to launch online video service for PS3

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Sony Corp plans to launch an online video distribution service using its PlayStation 3 video game console as early as this summer, the Los Angeles Times reported in its online edition on Monday.

The Japanese electronics giant is talking with major Hollywood studios on distribution of their movie and television program content for the service, the paper quoted studio executives familiar with the matter as saying.

The new service would allow Sony to compete with Apple Inc and Microsoft Corp in the growing online video distribution market, the paper said