Sony Corp. will release a new and enhanced Playstation system in a new report by The Wall Street Journal.

The report claims the system will be announced this year and will include more powerful hardware to relay ultra-high-definition graphics and added power for the Playstation VR.

Playstation VR hardware, to be sold in Oct., will utilize a 5.7-inch OLED display at 1920 x RGB x 980 resolution.

It will include a Cinematic mode that supports PS4 games and videos, Share Play and Live from Playstation.

In addition, users can view 360-degree photos taken from omnidirectional cameras.

The Playstation 4 has sold 36 million units worldwide to date.

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