Microsoft and Netflix have unveiled a partnership under which Netflix will stream movies directly to consumers through Microsoft's Internet-based Xbox Live service.

Under the deal, customers who have an Xbox 360 console attached to their TVs and who subscribe to Microsoft's Xbox Live Gold service, and who are also Netflix subscribers, can download Netflix movies at no additional cost.

The service will launch in the fall and feature more than 10,000 movies and TV shows available for immediate viewing, Netflix and Microsoft said in a joint statement Monday.

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