Players who did upgrade from a PS4 to a PS5, meanwhile, are spending significantly more time and money on the new console on average, according to Sony. Sony said in an earnings release last night that such users made up a full 30 percent of the PS5's monthly active users, suggesting that 'the acquisition of new users is progressing,' as the company put it. The PlayStation Plus Collection served as a valuable introduction to legacy PlayStation franchises for PS5 owners who never owned a PS4. But the PlayStation Plus Collection was also available at the cheapest 'Essential' pricing tier ($9.99/month or $59.99/year).

That list includes many of the titles that were part of the PlayStation Plus Collection, including almost all of Sony's first-party titles. Hundreds of legacy PS4 games are still available for download as part of the higher-end PlayStation Plus 'Extra' and 'Premium' tiers (starting at $14.99/month or $99.99/year).

Current PS5 owners will have until then to redeem their free games, which will remain available on their account as long as they stay subscribed to any of PlayStation Plus' multiple tiers. This week, Sony announced that it will be ending this subscriber benefit in May. Further Reading We made a PlayStation Plus explainer that’s better than Sony’s For over two years now, PlayStation Plus subscribers who owned a PS5 got access to the PlayStation Plus Collection, a set of 19 legacy PS4 games available for free download and play via the console's backward compatibility.

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