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They're not charity but their main purpose is to make sure their consumers is satisfied mate. And trying to milk their consumers the best they can is definitely not the way to go. 

Plus, I don't think Sony makes money/sell a lot of those games. From what I know PSN titles sales are very low. A lot of great names have already speak about it. What will they lost by making those games free if they're not selling a lot of them ? Almost nothing.

On the other side, if they make them free, consumers would be happy and some new consumers may come. That's pretty basic and yes that's that simple.