Update: Sony has postponed the planned PlayStation 5 event indefinitely.

Sony has announced plans to host an event focused on PlayStation 5 on June 4 at 1 PM PT / 4 PM ET.

The PlayStation 5 presentation will run for just over an hour and will showcase new PS5 games for the system and the first real gameplay from Sony's next-generation console.

Studios, both larger and smaller, those newer and those more established, all have been hard at work developing games that will showcase the potential of the hardware." He also suggested that the June 4 event is only part of a "series of PS5 updates," although it's unclear if future updates will also come in the form of streams such as this.

Join us Thursday, June 4 at 1:00pm Pacific time for a look at the future of gaming on PlayStation 5: https://t.co/Yr8fafcOVd #PS5 pic.twitter.com/F0yBbDmOtC.

Though Microsoft has been rather forthcoming when it comes to Xbox Series X, Sony has kept details about the PS5 close to the chest.

Epic Games recently revealed Unreal Engine 5, showcasing a tech demo that was played on a PS5?

"It's a fully playable demo, we plugged a recorder into the back of a PlayStation 5 dev kit and recorded the signal that came out through HDMI," Epic Games chief technology officer Kim Libreri explained!

Epic went on to add that the PS5's SSD architecture is currently more advanced than what's available on high-end PCs and that the console's input-output capabilities will allow developers to render detailed graphics on par with film CGI when using Unreal Engine 5

Now Playing: Unreal Engine 5 PS5 Tech Demo - Everything You Need To Know In Under 4 Minutes