Taking place on April 12th at Microsoft's Redmond HQ, the 360's creator is said to have set out its desires to set up a television channel for the users of Xbox Live to take advantage of the increasingly popular demand for more online media content.

What's more, it's widely believed that Hollywood studios and the like are pining to get in on the action, meaning that Microsoft may be in line for quite the income off the back of it should such businesses want to make money from movies on demand.

Meanwhile, Disney Interactive Studios has finally launched its playable demo for Split/Second: Velocity on Xbox Live today (April 26th), with the offering being exclusively available on the network until May 11th when it will expand to the PS3.