Many games released for the PS4 and Xbox One often come with a free upgrade to the PS5 and Xbox Series consoles respectively, so there's no need to pony up another $60+ for the same game.
Like other gaming companies, Sony has turned to announcing their own releases with the aptly named video showcase State of Play. Although many gamers saw it as disappointing, one of the highlights was surrounding the game Final Fantasy VII Remake, a modern reimagination of 1997's Final Fantasy VII. Originally released in 1997, it is consider by millions as one of the greatest games ever made.
The remake came out in April 2020, months before the November release of the new PlayStation and Xbox consoles. Luckily, gamers who already purchased the game get a free upgrade to the PS5 version coming out this June. This upgrade takes advantage of improved hardware with better graphics, smoother movement, and new features.
Developers have the option to create a separate version of their games to run on the newer generation of consoles. Many of them have chosen to, especially if they released their games earlier in the same year these consoles released. Thankfully, a large majority of these upgrades have/are being released free of charge for existing owners.
The key word being majority. Some upgrades will require gamers to fork over some additional cash, such as the case for PS4 to PS5's Spider-Man. Nonetheless, it's a great gesture by publishers to provide the ability for gamers to enjoy old favorites in a more refined way.
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