More than half of PS4 owners subscribe to PlayStation Plus

We won't beat around the bush. We think PlayStation Plus is a great deal. And apparently, many PS4 owners agree. In fact, "more than half" of PS4 owners have subscribed to Sony's premium subscription service.

With more than 4 million PS4s in the wild, that means there are over 2 million Plus subscribers on PS4. While Instant Game Collection is undoubtedly one draw for subscribers, a Plus subscription is required for online multiplayer on Sony's next-gen console, which could also explain the high conversion rate. In addition, systems include a free trial membership which automatically convert to recurring paid subscriptions if not canceled.

"More than half of the people that have now gotten their hands [on] the PS4 have actually signed up for PS Plus service, which bodes very well for us as well," Sony CEO Kazuo Hirai said in a conference call with investors (via VentureBeat).