Sony announced the long-rumored PS Plus restructuring in March. The current version of PS Plus will soon be the lowest tier of the updated service. As is more or less the case now, PS Plus Essential will offer online multiplayer access, cloud storage, PSN Store discounts and two claimable games per month (down from the usual three).
At the highest end is PlayStation Plus Premium, which includes access to another 340 games from PlayStation, PS2 and PSP titles that you can stream or download. PS3 games will be available through cloud streaming. Premium will also offer limited-time game trials and cloud gaming on PC.
In countries where cloud streaming isn't available yet, Sony will offer a Premium tier replacement called PS Plus Deluxe. This will be a bit less expensive than Premium and include downloadable PS1, PS2 and PSP games as well as everything from the Essential and Extra tiers.
US pricing starts at $10 per month, $25 per quarter or $60 per year for PS Plus Essential. Extra costs $15 per month, $40 per quarter or $100 annually. As for Premium, you'll need to pay $18 per month, $50 per quarter or $120 for a year of access. PlayStation Now will be folded into the new PS Plus, and subscribers of that service will be moved to the Premium tier.