The application will be free until December 1 and then available, for only ten cents per day. Features include the ability to sort by comedian, by date, or catch an actual live performance just as if users were sitting in the famous Hollywood venue.

“We are thrilled that PlayStation is providing its millions of PS3 gamers with the gift of laughter,” says Laugh Factory founder and owner Jamie Masada. “Not only are they going to access to some of the best comedy in the world on a nightly basis but, PS3 owners now will be able to improve their daily lives and health through laughter. After all, it's accessible to everyone with a PS3, doesn't care about pre-existing conditions and it's a lot cheaper!”

“We’re constantly looking for new ways to expand the digital entertainment offerings across PlayStation Network, and we’re thrilled to be the first game console to deliver this unique application to our community. PS3 gamers now have a chance to encounter – and enjoy – a live stream of some of the best of stand-up comedy directly from the Hollywood stage renowned for producing top quality entertainment during the past 30 years,” says Phil Rosenberg, SVP, Strategic Business Development for Sony Computer Entertainment America.

Customers can access Laugh Factory LIVE on their PS3 system for free by installing the app directly from the TV/Video Services category on the XMB (XrossMediaBar). The Laugh Factory LIVE app can also be found in the PlayStation®Store, under the Media & Apps category. For more information on how to get started, visit here. Starting September 1, PS3 gamers will be able to watch live comedy performances and access a rich archive of standup comedy on PlayStation Network, streamed directly to their PS3.