Sony announced the launch of Greatest Hits on PlayStation 4 in Mexico, Canada, and the United States, renamed PlayStation Hits, on June 19, 2018. PlayStation 3 Greatest Hits titles currently sell at $29.99. A PlayStation 3 game must be on the market for 10 months and sell at least 500,000 copies to meet the Greatest Hits criteria. On July 28, 2008, the program was introduced on the PlayStation 3. The Greatest Hits price for PlayStation Portable games typically begins at $19.99.
To qualify, a title must be on the market for at least 9 months and have sold 250,000 copies or more. In 2006, Sony extended the Greatest Hits program to the PlayStation Portable. It is also a common practice for a game to re-release on the Greatest Hits label at a close proximity to the release of that game's sequel or follow-up. Games that are multi-million sellers may become Greatest Hits titles much later than 9 months to maximize profits. Additionally, Sony allows 3rd party developers some flexibility in the pricing of their own Greatest Hits titles, but most of them stick to the agreed-upon suggested retail price. Though Sony-developed games are virtually guaranteed to eventually become Greatest Hits titles by meeting their sales and age requirements, 3rd party developers are not required to release their titles with a Greatest Hits label even if said titles meet the criteria. Suggested retail prices of Greatest Hits titles were initially $24.99, but they now typically retail for $19.99. When the program came to PlayStation 2 in 2002, games could become Greatest Hits titles after selling at least 400,000 copies and being on the market for at least one year.
Minimum sales required eventually rose to 250,000. When Sony introduced the program for PlayStation in March 1997, games could become Greatest Hits titles after selling at least 150,000 copies and being on the market for at least a year.
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