Microsoft has announced that Redbox Instant, the currently-in-beta streaming service by Verizon, will offer exclusive rights to XBox for its console streaming service.

The service, which has been available as a private beta since December, will be coming to XBox Live subscribers "in the very near future." XBox Live subscribers already participating in the beta should receive an email containing a unique access code for the app "in the coming days."

Redbox Instant by Verizon offers two different subscription packages. For eight dollars a month, subscribers get one night access to 4 DVDs a month from Redbox kiosks. For nine dollars a month, subscribers get the same package with Blu-ray titles. Both packages include unlimited access to a streaming catalogue. XBox users with the app can also rent and purchase titles from Redbox without a subscription.

The announcement is not without a big caveat,though:

"*Xbox LIVE Gold subscription and/or additional subscriptions/fees including a Redbox Instant by Verizon subscription may be required and sold separately. Kinect functionality available with select Xbox LIVE content and varies by feature and country."

Those interested in the beta version can request access at www.redboxinstant.com.