Link.
The company is calling this service, at least in Japan, "UMD Passport." You download a program from the PlayStation Store, insert a UMD featured in Sony's list, register the game with PlayStation Network, pay a certain amount (it changes per game) to access a digital copy, and download away.
As mentioned, there is not a flat fee to purchase a digital version, and it appears that will be up to individual publishers to determine. Sony's press release says the prices will be "reasonable," and with one exception, the price mostly hovers between 500 yen (about $6.50) to 1,500 yen (about $20).
A comparable program has not been announced for anywhere outside of Japan, and it's unclear how Sony would prevent players from handing a single UMD around, but those details will come later.
Giant Bomb
Can't say I'm surprised. Monetizing the program like this was probably the only way they could get solid support from publishers. Asking to pay up to $20 for a digital copy of a game you already own is a bit much (no more than a few bucks a pop tops would have been the better pricing scheme), but, hey -- least they've got something in place for this. Better this than those games becoming completely defunct, eh?
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