Sony's betting that your memories are worth at least €10 (~$13) with its upcoming PlayMemories video editing application for the PlayStation 3. That's the price that a Sony rep told Electric Pig during a London Sony event earlier today. The rep also pinned a launch date to the window of time between now and the "end of Q1" (fancy talk for "the end of March").

The PlayMemories Studio is one of the few that costs money to download, making the pricing all the more surprising -- of course, there are services like Netflix and Qriocity that charge monthly, but those applications are themselves free. We've yet to receive word of price or availability in the US, but we've reached out to SCEA for more information.

This article was originally published on Joystiq.