Along with its new smaller (and cheaper) 4K TVs, Sony has announced its FMP-X1 4K media player and 4K video distribution service. Plans for both were first revealed at CES, however the official press release (included after the break) provides the full details, that it will be $699 and arrive preloaded with 10 4K films and shorts when it ships this summer. Starting in the fall, the video service will launch, with "fee-based" access to Sony's library of movies. Sony also revealed that it has started adding to the 4K movie collections for the buyers of its $25k 84-inch Ultra HDTV, delivering Lawrence of Arabia. Those buyers will be able to swap their current player for the FMP-X1 when the 4K distribution network launches in the fall. The "mastered in 4K" (but delivered in 1080p) Blu-ray discs are still part of the plan as well, and buyers of the new TVs can expect Spiderman, Ghostbusters and Angels & Demons as pack-ins.