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Sony has announced that their new Playstation VR headset, which will compete with the Oculus and Vive virtual reality headsets will be released later this year, likely October. [Scroll Down For Video]

Pricing is extremely competitive compared to other options. Sony has put the MSRP at $399. The Oculus Rift will cost $600 and requires a somewhere in the ballpark of a $1,000 PC.

According to a post on Sony’s blog, the Playstation VR will also launch with a host of games and experiences:

Today more than 230 developers are building content for PlayStation VR, from smaller independent teams to larger studios at the industry’s top publishers. We expect to have more than 50 games available from launch in October 2016 until the end of the year. Of course, the full promise of PlayStation VR will continue to grow over time as talented developers create new experiences and new genres that wouldn’t be possible outside of VR. The future looks bright indeed.

Additionally, The Playroom VR, from our very own Japan Studio, will be available as a free download from PlayStation Store for all PS VR owners at launch. The Playroom VR will include six games that can be enjoyed with friends and family, demonstrating why we believe VR can also be an impactful experience when it’s shared.

PlayStation VR: GDC 2016 Andrew House update

Posted by PlayStation on Tuesday, March 15, 2016