Sony has revealed that its long-awaited Playstation 5 will cost $499.99 when it launches alongside the game maker’s $399.99 Digital Edition.

The pricing puts Sony squarely up against Microsoft’s next-gen consoles, with the company set to release its entry-level Xbox Series S at $299 and its flagship Xbox Series X for $499 on November 10th.

That November 12th release date will apply to the US, Japan, Mexico, Australia, New Zealand, and South Korea, with the rest of the world getting the new console on November 19th. Sony also notes that it has yet to finalize a release date for China, which it’ll announce at a later time.

“We’re pleased to provide choice to gamers with two PS5 console options at launch, depending on if you want a digital-only experience or prefer disc-based gaming,” Sony said in a press release Wednesday. Whichever PS5 you choose, you’ll enjoy the same breathtaking, next-gen gaming experiences.”

Playstation Plus members will also receive a special new offer called the PS Plus Collection, where they will able able to download and play from a “curated library of PS4 games that defined the generation,” including Batman Arkham Knight, Bloodborne, Fallout 4, God of War, Monster Hunter: World, Persona 5 and many more.

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