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(Image: GETTY/DS)

*** Update One ***

Several big name publishers and games developers such as Activision and Bungie are responding to the online outage online.

Although Xbox have confirmed the issues (having recently gone down three days earlier this week) there's still no acknoledgment from Sony PlayStation.

Both PlayStation Network and Xbox Live are experiencing severe network issues affecting millions of gamers across the globe.

So far only Microsoft have acknowledged the issue on their service page.

An update on the page explains that Xbox Live's Social and Gaming features have "limited" service. This impacts on "In-game matchmaking, cloud storage, finding friends, Game DVR, leaderboards, avatar editing, or pictures."

The Microsoft status page is also showing that Xbox Live Core Services such as signing in; creating, managing, or recovering an account and search are also experiening issues.

This impacts directly on Xbox One, Xbox 360 and Xbox on Windows 10.

A message from Microsoft reads: "We know you're having a tough time signing in to Xbox Live and we're working to get it fixed as quickly as we can.

"Thanks for your patience while we work, Xbox members! We'll update you as soon as the situation changes."

(Image: DS)

Meanwhile the status page for PlayStation is displaying that "All services are up and running."

However as you can see from the below messages, thousands of PS4 users are complaining of issues.

*** We'll update this page with more info as we get it ***