Sony officially unveiled pricing, release details, and more information about the upcoming Playstation 5 this afternoon in a live event.

The next generation of PlayStation arrives November 12th for $499.99 for the main unit or $399.99 Digital Edition, which has no disc drive and comes in a slightly smaller form factor. While pricing had been rumored as high as $600, it seems Sony will be matching the upcoming Xbox Series X once both hit the market (though the smaller-edition Xbox Series S costs $100 less than the PS5 Digital Edition.)

The announcement event also previewed major new games coming to the system at launch such as Marvel’s Spider-Man: Miles Morales, the gameplay demo for which showcased Miles as the webslinger fighting a new version of the villain The Tinkerer atop a collapsing Brooklyn Bridge. Trailers and gameplay for games like Demon’s Souls, Call of Duty: Black Ops Cold War, Devil May Cry 5: Special Edition, Five Nights at Freddy’s: Security Breach, and more were also shown.

One notable unveiling from the event was the long-rumored open world game set in the Harry Potter universe. Entitled Hogwarts: Legends, the game will take place both within the castle walls and beyond, allowing players to make their own choices that affect the world around them. Players were shown fighting trolls, encountering wild animals, and duking it out with Death Eaters and Dementors in the game’s trailer.

Another large announcement was the introduction of the PlayStation Plus Collection, which will be available at launch for PS5 owners that subscribe to Sony’s online service. While the current model offers subscribers two or so free games every month, the new addition will give users access to a host of “generation-defining” PS4 games on the new console including Bloodborne, Fallout 4, Detroit: Become Human, Uncharted 4, Battlefield 1, Batman: Arkham Knight, and more for no additional fee. While PlayStation 5’s launch lineup is intimidating to say the least, this should address any concerns potential customers have about having enough to play right off the bat.

You can preorder the Playstation 5 and its Digital Edition as early as today via retailers such as Amazon, Best Buy, Walmart, Gamestop, and Target.

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