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Essentials is the Sony PlayStation budget range in the PAL region, which covers Europe, the Middle East and Africa, Australia and South Asia. It was launched in 1997 as the Platinum range[1] but was later renamed for PlayStation Portable, PlayStation Vita, PlayStation 3 and PlayStation 4. After reaching the required level of sales, Sony often dropped the prices of the original title to Platinum pricing levels (generally about half of the original retail price), as a way to clear inventory for retailers. Similar budget ranges from Sony include the Greatest Hits and The Best labels for the North American and Japanese markets, respectively.