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Sony to announce PS3 movie and TV download service?

At E3, the electronics giant may give details on a new service that would allow PS3 owners to download movies and TV shows.

It's E3 week, folks, and the video game world is revved up for the latest news, and, it turns out, Sony may have something noteworthy to announce.

According to Newsweek, Sony, at its E3 press conference, may offer up some details on what would be a PlayStation 3 TV show and movie download service.

If it's true, Sony would be catching up to Microsoft, which has offered such downloads since last fall. And it seems to me it had better be true, because even though Sony has said it is dropping the price of the PS3, it needs to offer users more in order to get them to buy the much-maligned product.

Will it happen? Stay tuned to find out.