XBox 360 owners will soon be able to take advantage of streaming content through another source. According to Home Media Magazine, Microsoft announced at the E3 convention in Los Angeles that streaming content from Netflix will be added to its XBox Live Video Marketplace this fall.

"Netflix has revolutionized the movie industry, and now that service is available free to all Xbox Live members and Netflix subscribers," said John Schapper, corporate VP of Xbox Live. "Xbox 360 is the only game system to offer this content at no additional cost to Xbox Live gamers."

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Schapper also said that users will be able to host XBox Live "parties" where users from around the globe can all watch the same movie or TV show at the same time.

XBox Live boasts over 10,000 movies or TV content, the largest in the world, bigger even than any cable or satellite provider.