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How Sony Won E3 and Recaptured the Video Game World

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.

Also See: 8 Major Video Games Players Investors Should Watch During E3

Held in the Los Angeles Sports Arena, the gathering focused on both new releases, content and select new hardware. The show began with Andrew House, president and group CEO, Sony Computer Entertainment, announcing a version of the PlayStation 4 (the crowd exploded for this), coming with release of Activision's (ATVI) newest powerhouse title, Destiny.

Aside from a new, white version of the PS4, Sony made several other major announcements, including showing off its rival to Apple (AAPL - Get Report) TV, as the battle for the living room continues. Follow along to see the rest of the major announcements from Sony E3.

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