A report from Newsweek says Sony is getting ready to launch a high-def movie/ television download service for the PlayStation 3 to counter the service presently provided by Microsoft for the XBox 360.

The report says Sony will be announcing this during E3 but will not be going into too much detail until the technology is more complete.

Microsoft had this sort of service available since November 2006 in the US with content provided by Warner Brothers, Paramount Pictures, The Cartoon Network and others.