Nintendo is dropping the price of its Wii game system by $50 to $150 and introducing a new line of cheaper Wii games.

Beginning May 15, the Wii will be available for $149.99 instead of the usual $199.99.

The price cut comes less than a month after the Japanese company announced the console will have a successor next year. Nintendo said in late April it will show off a playable model of the new system at the Electronic Entertainment Expo, which runs June 7-9 in Los Angeles.

The cheaper Wii will be available in black or white and it will be bundled with Mario Kart Wii and Wii Wheel accessory. The Wii previously included Wii Sports and Wii Sports Resort.

The company said Wednesday that the "Nintendo Selects" collection of games will come with a suggested retail price of $20. The four games include "The Legend of Zelda: Twilight Princess," "Animal Crossing: City Folk," "Mario Super Sluggers and Wii Sports."