Sony's September 2020 PS5 Showcase, $499.99 Blu-Ray, $399.99 Digital on Nov. 12

It's time for Sony's virtual showcase of the forthcoming PlayStation 5 console, according to the electronics company's website. We learned the PS5's release date: November 12 in the U.S., Japan, Mexico, South Korea, and elsewhere.

The complete PS5 will go for $499.99, with Digital Edition selling for $399.99.

The showcase for Sony's PS5 gaming console started at 4:00 PM EDT today, and streamed live on PlayStation YouTube channel (featured below).

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UPDATE Sept. 16, 5:15 PM EDT: Sony PS5 will sell for $499.99, $399.99 for Digital Edition on November 12

The PS5 selling price and release date are now official. The blu-ray-enabled PS5 is $499.99, with the PS5 Digital Edition priced at $399.99. Both will be available on November 12, in the U.S., Mexico, Japan, South Korea, Australia, and New Zealand.

The rest of the world will have to wait until November 19.

UPDATE Sept. 16, 5:05 PM EDT: PlayStation Plus Collection offers PS4 game access

The PS5 offers subscriptions to its PlayStation Plus Collection, which will let players access a massive number of classic PS4 games at launch. They seem to be free for PS Plus subscribers — which could leave PS4 players out of the loop, reports Tech Radar.

Featured games include Bloodborne, FFX, God of War, Monster Hunter, and Fallout 4.

UPDATE Sept. 16, 5:00 PM EDT: 'Demon's Souls' remastered gameplay

The PS5's raw power doesn't fail to impress as we saw no loading screens during the "Demon's Souls" remaster demo. This is definitely a game to watch, although we've yet to learn the release date.

UPDATE Sept. 16, 4:55 PM EDT: 'Five Nights at Freddy's: Security Breach' teaser trailer

The PS5 showcase played a teaser trailer of "Five Nights at Freddy's: Security Breach," and it's intense.

UPDATE Sept. 16, 4:52 PM EDT: 'Oddworld: Soulstorm' coming to the PS5

The exclusive-to-PS5 game will make a comeback to its home console (the first such game was on the original PlayStation). The new Soulstorm enhances the original formula with more action and improved cinematics.

UPDATE Sept. 16, 4:50 PM EDT: 'Devil May Cry 5 Special Edition' coming to the PS5

A slasher classic, "Devil May Cry 5 Special Edition" will come out on the PS5, digitally, at console launch. The trailer shows off how the PS5 engine will enhance a must-play game.

UPDATE Sept. 16, 4:40 PM EDT: PS5 demo shows 'Deathloop' trailer

We have another "Deathloop" trailer. The game's loop mechanic allows players an advantage over specific characters whose strengths and weaknesses take some time to optimize.

The trailer also showed how the loop mechanic allows players to bring two enemies into the same place at once — in a 4D "two-birds-with-one-stone" scenario. The game will come out Q2 2021 after a minor delay, exclusively for the PS5 — possibly for a limited run.

UPDATE Sept. 16, 4:30 PM EDT: PS5 will feature 'Resident Evil: Village'

Next in the lineup was "Resident Evil: Village" — a haunting trailer featuring a little girl who makes a doomed attempt at picking berries for her mom in the forest.

It will come out in 2021.

UPDATE: Sept. 16, 4:25 PM EDT: Sony PS5 premiers 'Call of Duty Black Ops: Cold War'

For many, "Call of Duty Black Ops: Cold War" is the highlight of the showcase. Now it has made its world premiere, and the pace is much faster. The PS5 SSD is maddeningly fast.

Some new mechanics to the COD game include a Spider Elite-like bullet time, including the ability for players to shield themselves from gunfire with enemies' bodies.

Fans of the PS4 may play the multiplayer alpha for the new COD from Sept. 18 to Sept. 20 — which includes a new zombie experience, reports Tech Radar.

UPDATE: Sept. 16, 4:21 PM EDT: Harry Potter game 'Hogwarts Legacy' premiers

The new Harry Potter RPG — "Hogwarts Legacy" — is now official. The game takes place in the late 1800s — wherein players may go to Hogsmead and other favorite locations from the larger franchise. It comes out in 2021.

UPDATE Sept. 16, 4:15 PM EDT: 'Spider-Man: Miles Morales' has fluid action, seamless details

Sony gave us a closer look at "Spider-Man: Miles Morales," for PS5 — which features jaw-dropping graphics. Miles Morales is sauntering through his Harlem (New York) neighborhood with a friend in normal clothes, showing off the power of the forthcoming gaming console.

We can really see the PS5's SSD hard at work — the experience is seamless. Action sequences are free of choppy or awkward pacing, which makes for an experience ever superhero games should have.

It's slated for release during holiday season 2020.

UPDATE Sept. 16, 4:10 PM EDT: Live demo of PC emulating PS5 experience, 'Final Fantasy XVI'

Sony kicked-off the PS5 showcase with an in-game demo of an upcoming game, emulated via PC.

The first demo was set to a little-known background theme, from one of the most famous franchises in gaming: Final Fantasy.

"Final Fantasy XVI" (16) will be exclusively available on the PlayStation 5.

Sony Showcases PS5 specs, price, release date

Sony might have planned on a September 16 showcase from the start, but it now stands in competitive response to Microsoft — which unveiled nearly everything about its Xbox Series S / X consoles — including the consoles' release date, specs, and price, after a lead last week.

Everyone is wondering whether Sony will outdo Microsoft's $299 initial price for the Xbox Series S, or at least match the Xbox Series X, which is priced at $499. The answers are likely coming today.

Sony has said its 40-minute broadcast will include updates on first-party games from Sony studios, in addition to third-party-partner games at and right after the PS5's launch window. These will likely occupy most of the showcase's runtime, reports The Verge.