Greatest Hits (budget Range)
Greatest Hits are video games for the North American Sony PlayStation, PlayStation 2, PlayStation 3, and PlayStation Portable consoles that have been officially re-released at a lower price by Sony. While the term "Greatest Hits" only applies to selections in America, equivalent programs exist in PAL territories (as the "Platinum Range"), Japan and Asia (as "The Best") and Korea (as "BigHit Series").
Greatest Hits titles are colloquially referred to as "red label" (or "green label" for PlayStation titles) referring to the colored band that is added to the packaging to differentiate it from regular releases (which are similarly referred to as "black label"). A game can earn this distinction if it meets certain sales criteria within two years after its release.
The original versions of the game (often referred to as "black label") are often sought after as collectables.
Read more about Greatest Hits (budget Range): History, "Special Edition" Greatest Hits
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