We have been hearing talks of an upcoming PlayStation State of Play for some time now. A new rumor suggests that a Sony games showcase may finally be happening.

The new information comes from Giant Bomb reporter and gaming insider Jeff Grubb. The leaker has a reliable track record of accurately predicting upcoming gaming events. The upcoming State of Play will reportedly address the recent increase in PlayStation Plus subscription prices.

I've heard a State of Play is coming, and this feels like a lead-in for that," Grubb tweeted. The gaming insider responded to a tweet about the price increase hinting that Sony may tackle the reason behind the hike in monthly subscription rates.

Sony recently announced a price hike for all three tiers of its PlayStation Plus subscription service. The annual cost of the Premium tier jumped by a massive $40. The new pricing scheme will take effect on September 6 for new subscribers and upon renewal for existing ones.