https://www.gamespot.com/articles/sony-announces-new-ps4-line-of-playstation-hits-ga/1100-6459891/

PS4 has been on the market for quite a few years now, and we've reached the point in its lifecycle where Sony is prepared to introduce a standardized line of budget-priced versions of games. Much as it did with its Greatest Hits/Essentials line in the past, Sony has announced a PS4 equivalent called PlayStation Hits.