PS5 titles God of War Ragnarok and Gran Turismo 7 will also be available on PS4.
PlayStation Studios head Hermen Hulst made the confirmation via PlayStation Blog.
~Hermen Hulst.You can’t build a community of over 110 million PS4 owners and then just walk away from it, right? I think that’d be bad news for fans of PS4, and frankly not very good business.
Where it makes sense to develop a title for both PS4 and PS5 — for Horizon Forbidden West, the next God of War, GT7 — we’ll continue looking at that. And if PS4 owners want to play that game, then they can. If they want to go on and play the PS5 version, that game will be there for them.
That being said, it’s also very important to have showpieces for PS5, hence the development of Returnal and Ratchet [& Clank Rift Apart] that are exclusive to PS5.
The news doesn't come as a surprise as back in September 2020, Sony reversed a decision to release new titles exclusively to PS5, offering titles like Spider-Man Miles Morales, Horizon Forbidden West and Sackboy A Big Adventure on the PS4 as well.
Sony today revealed that God of War Ragnarok has been delayed to 2022.