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The night Sony didn't pull a new PlayStation out of its hat

The screen as Sony introduced the PlayStation 4 at a news conference on February 20, 2013 in New York.

How many movies do you see in the theater a year? Two per month, maybe? At that rate, that’s 75 hours you’re spending in the theater each year, if every movie lasts three hours.

But stats show that Americans on average spend a lot more time -- 142 hours a year -- playing video games. That’s why Sony’s PS4 announcement last night is a big deal, even though company didn’t necessarily unveil its new gaming console.

"The biggest surprise of last night was the fact that there wasn't even a console in the house," says CNET's Jeff Bakalar, who covered the event in New York.

Though they lacked hardware, Bakalar says Sony did promote new console features, such as social gaming and Internet connectivity.

To hear more about Sony's PlayStation plans, click on the audio player above.

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio
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