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If Sony needs to respond to Gamepass that isn`t really something hard to do, they have bigger userbase, more noteworthy exclusives, at least as good relationship with devs. So putting a selection of games available through subscription wouldn`t take then long to make. Will they do it? I don`t think so, but if Gamepass gets to much traction or impacts PS5 sales to much Sony could do copy and paste improving or not the concept.
Would be a little harder to compete with it put together with XCloud, but since PSNow already exists it would be a matter of improving it.

duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"

Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"

Azzanation: "PS5 wouldn't sold out at launch without scalpers."