Sony reveals the new PS5 costs $499 and shipments start November 12 in the US

More than one million people from around the world tuned into Sony's virtual PlayStation 5 showcase event to learn more details of the highly-anticipated gaming console – specifically its price and release date.

Sony announced the system with a disc drive costs $499 and the digital edition $399, both will be ship on November 12, 2020 in North America with other countries receiving their systems November 19 – pre-orders start September 22.

The event started by giving viewers a first look at the upcoming Spider-Man: Miles Morales, showing the game's stunning graphics, detailed sound effects and plays out the story that takes place in Harlem, New York that will be released during the holiday season this year.

Sony also announced the PlayStation Plus Collection, which will include a large number of PlayStation 4 titles, including 'Days Gone,' 'Persona 5″ and 'The Last of Us Remastered,' among others, that can be downloaded an played when the PS5 launches.

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Sony announced the system with a disc drive costs $499 and the digital edition $399, both will be ship on November 12, 2020 in North America with other countries receiving their systems November 19 – pre-orders start September 22

Sony announced the system with a disc drive costs $499 and the digital edition $399, both will be ship on November 12, 2020 in North America with other countries receiving their systems November 19 – pre-orders start September 22 

Another addition came with Call of Duty: Black Ops – Cold War, which will allow PlayStation 4 gamers to play an open alpha of the game's multiplayer from September 18 to September 20.

Although more than a million people tuned into to hear about pricing and release dates, the broadcasts main focus was on the new video games set to launch this year and in 2021.

A new game is set to release next year that is based on the world of , called Hogwarts Legacy, where users 'shape the future of the wizard world.'

Along with brewing potions, taming beasts and mastering spells, you will travel outside the walls of the school to battle furious monsters.

Spider-Man: Miles Morales is a brand new game set in the same world — the Multiverse – as the well-received ans hugely popular animated movie, Spider-Man: Into the Spider-Verse (pictured, a still from the trailer)

Spider-Man: Miles Morales is a brand new game set in the same world — the Multiverse – as the well-received ans hugely popular animated movie, Spider-Man: Into the Spider-Verse (pictured, a still from the trailer)

Sony shared trailers and first looks at a number of games during the event that included new entries in familiar franchises such as Resident Evil Village, and Spider-Man: Miles Morales and the digitally downloaded Devil May Cry.

The Marvel superhero game is a brand new game set in the same world — the Multiverse – as the well-received and hugely popular animated movie, Spider-Man: Into the Spider-Verse. 

The world received its first look at the PlayStation 5 on June 11, which Sony said is 'The Future of Gaming.'

The sleek, white system  stands upright and comes with black trimming, but some have said a black model will make its way to market as well.

One model will include a standard a disc drive, while a second option, called 'PlayStation 5

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