Sony officially reveals the design for the PlayStation 5 and new lineup of games including Spider-Man

Sony has officially unveiled the PlayStation 5, the company's next generation gaming console planned for launch 'later this year.'

In a new video presentation titled 'The Future of Gaming,' Sony also revealed the PlayStation 5 will be available in two models.

One model will include a standard a disc drive, while a second option,  called 'PlayStation 5 Digital Edition,' will lack a disc drive and likely only play games downloaded over the internet but not physical discs bought in stores, according to the Daily Mail.

'Today's the day we've been looking forward to for years, where we get to show you just the games that demonstrate our belief that PlayStation 5 marks the biggest generational transition has yet seen,' Jim Ryan, Sony Interactive Entertainment President and CEO, said.

Sony unveiled a range of new games being developed for PlayStation 5, including new entries in familiar franchises such as Resident Evil Village, Gran Turismo 7, Ratchet & Clank: Rift Apart, Horizon 2: Forbidden West, and Spider-Man: Miles Morales.

The company also showed off original titles, including Ghostwire Tokyo, a supernatural thriller set in a futuristic version of the Japanese capital; Stray, a game from publisher Annapurna Interactive that follows a cat living in a city of robots; and Returnal, a third-person shooter from Finnish studio Housemarque about an astronaut trapped on an alien planet.