Sony is on the verge of announcing a new PlayStation — here are 5 crucial things it needs to do to stay on top

Will your PlayStation 4 library transfer to the PlayStation 5? Here's hoping!With few exceptions, new generations of game consoles come with the expectation that anything from the previous system will not work on the new console.

It set an important precedent: With the Xbox One / PlayStation 4 generation of game consoles, console owners expect their digital purchases to carry forward like they would on smartphones. PlayStation Now hasn't made a major splash despite being the only service that's widely available to consumers right now. The reasons for that are complex and varied, but its limitations and high price are two main factors.

That shift has already begun: If you play"Fortnite" on Xbox One, you can play it with your friends on PlayStation 4.

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