Microsoft Corp. this week said Redbox Instant by Verizon is now available to Xbox 360 owners.

The new subscription-based service allows Xbox 360 owners to stream a catalog of movies to the console and receive four one-night credits for a Redbox kiosk rental.

Subscription packages start at $8 for DVD rentals and $9 for Blu-ray rentals.

In addition, all Xbox 360 owners can rent or purchase new digital releases without a subscription.

The Xbox 360 is a exclusive console launch partner for the service.

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