Sony took the opportunity at the Cannes Film Festival this week to announce their latest streaming service for the PS3.

The new service, called MUBI, which already runs on and Mac, is designed for movie lovers and will give owners access to a massive library of independent, foreign and classic to watch on demand.

The MUBI client will be a free download and the service will launch with 300 movies ready to go.

The launch date for the version for the service is yet to be confirmed.

By Ewan Aiton