By Keerthi Chandrashekar / Keerthi@latinospost.com (staff@latinospost.com) | First Posted: Feb 18, 2013 10:50 PM EST

In just two days, on Feb. 20 Sony is expected to lift the curtains on its next-generation gaming console, the PlayStation 4, or codenamed Orbis with an event in New York City. As with all high-profile tech launches, there have been a number of leaks leading up to the official event, and the latest from The Wall Street Journal sheds more light on game streaming and social networks on the console. 

"The new PlayStation also will allow players to share achievements on social networks through smoother links to Facebook or Twitter, while also enabling aspects such as sharing footage of game play online through YouTube, people familiar with Sony's plans said. Sony's new console may also allow users to compete against others using different hardware, such as smartphones and other portable devices, those people said," The Wall Street Journal writes. 

The report lines up with a previous revelation that Sony would be including a feature that allows for gamers to easily share gameplay footage with each other. Apparently the PlayStation 4 will constantly record the last 15 minutes of gameplay, in the background, allowing for players to then sift through and share their feats with friends. 

The Wall Street Journal has also stated that the PlayStation 4 will be able to tap into the PlayStation 3 library by utilizing video game streaming. It was just last year that Sony bought cloud-based gaming service Gaikai for a cool $380 million, and there was much speculation that it would be an integral part of the next PlayStation. Looks like the rumors could turn out to be true. 

"Sony has been preparing the technology to be used to allow users to play current PlayStation 3 games on the device, making a broader array of titles available at the outset, these people said. The new device is also expected to play new games stored on optical discs,"  said The Journal. 

Check back with Latinos Post for more coverage on Sony's Feb. 20 PlayStation event.  

Seen at IGN.

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