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I don't think they need to worry about competing against GamePass. Sony have probably 2x the number of subscribers AFAIK.
I think it's just an artifact of the climate here and in Anglophone gaming sites (skewed to Xbox fan base, with premise of 1:1 competition).
They already offer good value proposition, in the fact that all the games they offer can be kept forever with subscription, unlike GP.

I don't the stuff about integrating it with streamed film/TV content is likely, just because it doesn't make sense to yoke those to gaming.
Sony may want to pursue own owned (or part owned) streaming operation, but no reason it needs to be tied to PS+ or Playstation at all.
(and their own content on it's own isn't really quite sufficient, they somewhat need to agglomerate with other film/TV streaming companies)
If they did do some sort of tie in with gaming, I would expect it would also have PC counterpart probably thru Epic, to reach more audience.
And probably be at most some sort of combo discount for both, but it's fully possible to subscribe to either one without the other.
I guess that could have attraction if they can develop some sort of social angle to film/TV streaming, maybe live in stream commentary etc?
(and from corporate side, better "intelligence" to consumer habits, optimized marketing opportunities, etc)

But fixating on tying it at the hip to Playstation would be drag on those other divisons, and the whole impulse feels forced and ungrounded.
I think they will continue to evolve it's offering and fair to say it's value will be increased, but the worry about 1:1 GP competition isn't all that.

I do think the meta factors of game market with 3rd party is interesting, if GP is relatively successful on Xbox fed with more 1st party content,
then Xbox customers become relatively more "sated" re: 3rd party purchases, to an extent some can make money from deals to go on GP,
but there is saturation  factor there that can't replace all 3rd party sales... So if Sony doens't follow that GP model as much, Playstation will
more important place for 3rd parties, and exclusivity deals (timed or not) relatively more attractive vs cost of multiplat w/ GP-saturated Xbox.

Likewise, more than just copying existing models or combining them, I think Sony would be considering new approaches it could take.
Possibly not just giving everybody free games as part of subscription, but running "lottery" to randomly get a few free games per year.
Why do that as part of PS+? Well it does perhaps increase perceived value, but re: 3rd party interest it can include smart marketing,
to see who is most likely to play that genre, and who is most likely to recommend it to online friends, the  results of free test games
can  even inform how to focus their marketing budget i.e. who is most receptive who is actively disinterested etc. Sony can offer it's
insight  into consumer patterns via PS+ to the 3rd party publishers thus making it more than sales proposition, but key to marketing.

Last edited by mutantsushi - on 18 April 2021