Microsoft has struck a new deal to enrich to content offered on Xbox Live. The Redmond company has signed an agreement with The Walt Disney Studios to bring feature films Studios to U.S. members of Xbox LIVE.

Beginning today, consumers of all ages will have access to a growing catalog of new and classic movies from The Walt Disney Studios including titles from Walt Disney Pictures, Touchstone Pictures, Hollywood Pictures and Miramax Films, on Xbox LIVE Marketplace. Xbox 360 owners will be able to rent popular Disney films on demand as they become available, such as "Bridge to Terabithia," Miramax Film's "The Queen" and Touchstone Pictures' "Deja Vu."

According to Microsoft, Xbox LIVE has close to 7 million members and is currently offering more than 2,350 hours of premium entertainment content from 15 partners.

"Xbox 360 and Xbox LIVE Marketplace truly offer something for everyone of all ages, gender or personal taste," said Peter Moore, corporate vice president of the Interactive Entertainment Business in the Entertainment and Devices Division at Microsoft. "With this partnership, we are able to feature blockbuster new releases as they become available, as well as an incredible array of classic family films that made Disney the icon it is today."

The new HD movies, which can watched for 24 hours after downloading before they expire, will cost 480 Microsoft points. Those in standard-definition run 320 points, while older ones are priced 360 and 240 points.

Microsoft launched its Xbox 360 in November 2005 and for the moment is the leader of the next-gen gaming console market with 5.6 million units sold only in US. Overall, Microsoft is credited with close to 12 million units sold.