In my case the below method works.
sed -i 's/playstation/PS4/' input.txt
Can be written as:
sed -i 's/playstation/PS4\nplaystation/' input.txt
PS4
playstation
Consider using \\n while using it in a string literal.
sed : is stream editor
-i : Allows to edit the source file
+: Is delimiter.
I hope the above information works for you .