PS Plus relaunch as it happened

techradar.com:

First off let's go over those different tiers. PlayStation Plus Essential, Extra, and Premium. Effectively, Essential gives you access to PlayStation's online services, Extra lets you play a library of PS4 and PS5 games, and Premium gives you access to retro titles. But here's that breakdown in more detail:

Benefits:

Price:

Benefits:

Price:

Benefits:

Price:

So, two PlayStation services are merging into one with three tiers of access. This isn't going to be confusing at all... First key takeaways:

Now, a lot of the perks of the higher tiers come as a result of game streaming, a service that isn't available worldwide. Currently, PS Now is only available in Europe, North America, and Japan. 

For regions where it's unavailable, Sony says it will be offering a tier called PlayStation Plus Deluxe which «will be offered at a lower price compared to Premium and includes a catalog of beloved classic games from the original PlayStation, PS2, and PSP generations to download and play, along with time-limited game trials. „

This new version of PlayStation Plus is built to appeal to a wide swathe of gamers with different interests. 

The Essential tier is for people who just want to be able to play their games online and it has the added perk of a few extra games each month. Though, as anyone who is a long-time subscriber of PS Plus can attest to, those games often aren't very exciting.

Extra is for people who are fussed about the current generation of console games, filling out their PS4 or PS5 with a large library of downloadable games. If you don't buy games often, this is a quick way to make sure you always have something to play.

Premium is for players more interested in playing older releases. While this isn't the backwards compatibility