Sony will be holding their Gamescom 2014 press conference this afternoon. You can watch the entire event live right here.

The event will officially begin at 1pm Eastern, 10am Pacific. If the embedded stream above isn't working, you have other options. You can watch the event at Sony's dedicated Gamescom page. Alternately, you can log into PlayStation Home.

During their press conference, Sony will share some news on their Fall 2014 releases like DriveClub and LittleBigPlanet 3. Destiny, a major multiplatform release that will be bundled with a white PS4, will no doubt make an appearance as well.

Sony may share news about PS3 horror game Until Dawn. They sent out three teaser trailers for the game, which suggests that it will be a major part of the presentation. Perhaps they'll re-announce the game for PS4?

Look for Sony to talk about their 2015 lineup as well. Steampunk shooter The Order: 1886 and action-adventure Uncharted 4 could both be on display. Uncharted 4 was arguably the highlight of Sony's E3 press conference due to its gorgeous trailer. Gamers are definitely chomping at the bit to hear more about Drake's return.

If you're watching the press conference outside of Europe, be warned that some of the announcements might not be relevant to you.

"Much like E3 is targeted to the US audience and Tokyo Game Show is targeted at Japan, the gamescom press conference is primarily aimed at European gamers — please keep that in mind as you watch," Sony's Sid Shuman said on PlayStation.Blog. "Not everything mentioned or shown in today’s presentation will necessarily apply to those of us in North America. We’ll post on all appropriate things for the North American market right here, however, just as we always do."

For example, I imagine they'll mention the standalone release of the white PS4. Sony told us that's only happening in Europe. North American gamers are going to have to buy the Destiny bundle.

Microsoft held their Gamescom 2014 press conference and had plenty of good news for Xbox One owners. I'm very curious to see how Sony answers back. Will they have a few big surprises of their own?

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