Sony and Microsoft are not really focusing on the media streaming capabilities this year on their next-gen consoles, PS5 and Xbox Series X/S respectively. But you can stream content on the these new consoles as you were able to do so on your PS4 or Xbox One. In fact, all major streaming services (Netflix, Apple TV, Disney+, Spotify, Twitch, YouTube, Amazon Prime Video, Hulu, Peacock, and MyCanal) will be available at launch as Sony confirmed it. Ars Technica also verified that Crunchyroll will also be available.
Although Sony hasn’t mentioned that whether a few apps(CBS All Access, CBS News, HBO Max, Crackle, Funimation, NBA, NFL, PlutoTV, Plex TV, VRV, Vudu, and WWE Network) available in PS4, will also be available in PS5, but they added an “add more” to the end of their list. This means that these apps might be available, but we will have to wait until the launch of PS5. Sony also demonstrated how the PS5 UI will handle media content.
As far as the Xbox Series x is concerned, they have a simple approach that any app based on Universal Windows Program will automatically work with Xbox Series X/S. The Xbox Series X/S will launch on November 12 while the PS5 will launch on November 12 0r 19 depending on your region.