It runs until 8 June, with several deals already available. Then a stack load of "blockbuster" titles will be available on the PlayStation Store with some "awesome" deals.
The biggest deals right now include the PlayStation VR headset available in two different packs with heavy discounts.
The PSVR Starter Pack comes with more than £50 off, now priced at £199.99 in the UK.
Alternatively, a PSVR Mega Pack, including the headset and five VR games (such as Skyrim and Resident Evil 7: Biohazard), is now available for £229.99.
Other PS4 bargains on offer include Death Stranding for just £24.99, Days Gone for £15.99, and The Last of Us Remastered for just £11.99.
With The Last of Us Part 2 on the imminent horizon, there's no better time than to catch up with the game that started the series.
Remarkably, a whole year's worth of PlayStation Plus membership is just £34.99 for the duration - 30 per cent off the usual price for 12 months.
PS Now is also available with 30 per cent off.
We'll update if and when more deals are available.