It was recently reported that Sony considered releasing some of its PlayStation 5 games for more than $70, but this is a bunch of baloney, according to PlayStation's top executive. Jim Ryan told The Telegraph, "I can say that that report that we were considering higher prices for first party games is categorically false."

One of the marquee PS5 launch titles, the Demon's Souls remake, carries a price tag of $70 USD, which is $10 more than most current-generation games. Ryan defended the higher price point, telling The Telegraph that he believes it is a fair price.

"Yes, yes, I do. If you measure the hours of entertainment provided by a video game, such as Demon's Souls compared to any other form of entertainment, I think that's a very straightforward comparison to draw," he said.