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Sony readying an iTunes competitor for PSN

Better late than never?

Sony will finally join in the battle for your digital record collection.

They announced that they will be launching a film and music service akin to iTunes at the IFA technology show in Berlin.

The service will initially offer music and video over PSN to the PS3 and PSP but it will expand to work with internet-ready Bravia TVs, Walkmans, Sony-Ericsson mobile phones and Blu-Ray players.

It is also believed that Sony will be integrate Gracenote functionality into the service.

Thanks Financial Times.