Sony recently confirmed reports of them working on an upcoming update for PSN allowing the ability to change your username on the service.
Similar to Microsoft, the first name change will be free and then $9.99 for each change made afterwards. Not sure if Microsoft gives a discount for Gold members but Sony is offering a 50% discount for PS+ members who want to change their name after the first time.
Although there is a huge kicker and a big reason why Sony waited soo long to actually do this. This is only compatible for PS4 games and only for those released after April due to how usernames were programmed into PSN.
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Originally Posted by Destructoid
To make the change from xxxSniperJoe420xxx to "MyWifeIsMyLife2012" you'll merely need to head to the settings menu or profile section of the PS4. Sony will allow you to display both IDs at the same time so your friends will know you made a change and don't get confused.
Here's the kicker, because with Sony there usually is one: the name change won't actually work for every game. Sony says the feature is "only compatible with PS4 games originally published after April 2018." They say that not all games and apps will support the ID change (what?) and that "errors may occur." During the preview program you can revert back if the errors are so busted that you can't use programs correctly. Sony will provide a list of supported ID change games (again, this is bizarre that it doesn't just work universally, and a glimpse into Sony's odd infrastructure).
November 2018 is the planned date for the preview program with a full roll out in "early 2019."
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https://blog.eu.playstation.com/2018...-program-soon/