Updated from 9:10 a.m. to include more information about PlayStation Now.
LOS ANGELES (TheStreet) -- Though Sony (SNE - Get Report) has had recent troubles stemming from a failing television business, continued operating losses, and a battle with hedge fund Third Point over its direction, Sony has made sure its video game unit has continued to capture the minds of gamers around the world. Judging by the reception at E3, it appears as if Sony has solidified its lead in the console wars, even if some of the bigger games for PlayStation 4 won't be out until 2015.
The 2014 Electronic Entertainment Expo (E3) kicked off Monday in Los Angeles, and the first day more than lived up to the hype. Media gatherings brought press from all over the world to downtown L.A. with announcements from Microsoft (MSFT - Get Report) about its Xbox One console, and Electronic Art's (EA) newest lineup of real-life game action including a much anticipated Ultimate Fighting Championship (UFC) game. However, none of that could match the fervor of perennial favorite Sony and its Playstation console, as the company seeks to enter new markets.