To be honest, I thought it would be Sony to do this first:
In addition to the new console, there will be a ‘disc-to-digital’ program that, as the name states, turns your physical games into digital downloads. The idea is that you can take your disc to a participating retailer (like the Microsoft store) and trade in your disc for a digital download.
The goal with the new console is to lower the price point for the hardware. Currently, it costs about $299 to buy into the Xbox One family of devices, Microsoft is looking to lower that price by possibly as much as $100; the new console price point is expected to be $200 or less.
The PS5 Exists.