From biz.gamedaily.com:
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Sony chief executive Sir Howard Stringer is getting his company ready to turn the PlayStation Network into a full-fledged video and music downloads service. The PlayStation Network is expected to extend beyond PlayStation platforms, he said. There's still no time frame for the launch, however.

Whenever Sony eventually does launch its video and music download service, one advantage the company will have (as previously pointed out by SCEA chief exec Jack Tretton) is that it can rely on its own movie studio to provide a wealth of content - content that would likely not appear on Xbox Live, of course.
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Full Story: biz.gamedaily.com

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