Sony announced its plans to launch PlayStation Vue, a new cloud-based TV service that will bring "live TV, movies and sports without a cable or satellite subscription."

The new video streaming service will launch with support from a number of networks, including Showtime, Fox Soccer, and a brand new channel from Machinima.

According to Sony's Andrew House, PlayStation Plus subscribers will be able to subscribe to PlayStation Vue packages at a discounted rate.

Sony is expected to release more details on the service soon.

Developing...