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Microsoft is developing a Netflix-style streaming service for video games. It promises to deliver 'console-quality gameplay to any device'. The Redmond-based company claims players will be capable of streaming blockbuster movies to their Xbox laptop, smartphone or laptop.MAIMERS'S BLOG It's unclear whether players will have to pay to play specific games, or be able to access the entire library for a monthly fee like video on-demand services. Microsoft believes that streaming will replace dedicated consoles The company is hinting that a new Xbox hardware is already in development. Microsoft is developing an online video game streaming service that will bring console-quality gaming to all devices. Microsoft also announced 50 new games for gamers during its E3 presentation - an all-time record for the Redmond-based firm. Phil Spencer, Xbox boss, teased the future video game streaming service that he claimed will allow users to play console-quality games on any device. Microsoft's Executive Vice President of Gaming Phil Spencer spoke at the E3 press conference in Los Angeles to reveal its plans to build a cloud-based services. Spencer said: "Our cloud engineers are creating an online gaming network that will allow console-quality gaming to any device. "We are committed to improving your experience wherever you play - on your Xbox as well as your PC and even your mobile." This method, also known as Cloud Gaming, allows players to access a huge library of games without the need to download or install every game. Cloud gaming can enable console-quality video games to run on less powerful devices, like smartphones, since all the heavy lifting is done on servers, not the device used by the user. This is very different than traditional video console games , which must process all data locally on the disk, and therefore require powerful chipsets. Amazon is being criticized for its Echo and... Snapchat update lets you purchase tickets to concerts and... Spencer, Xbox boss, did not announce the date of the service's launch on-stage. However Spencer has previously suggested that Microsoft's game streaming could be available by 2020. Rival PlayStation isn't alone one that is interested in game streaming services. Rival PlayStation also offers the option of streaming games to your devices. PlayStation Now is a subscription service that costs PS12.99 ($20 per month) and lets players stream over 500 titles on their PlayStation 4 or Windows PC. Sony launched its cloud gaming service after it bought rival services Gaikai and OnLive. Microsoft hasn't abandoned its hardware plans, despite its focus on streaming videogames. It's unclear whether players will have to pay to access individual titles, or will be able to access the entire library for a monthly fee, like Netflix Microsoft has announced plans to build Xbox hardware with new consoles being developed despite teasers of streaming services. Xbox boss Phil Spencer remained tight-lipped on any specifics about the forthcoming console, however, the executive did reveal that backwards-compatibility with older video games would play significant role for the new hardware Phil Spencer used the E3 keynote to tease the Xbox One's follow-up, and hints that Microsoft might have several new consoles in the works. He also said that the same team that provided unparalleled performance with Xbox One X was deeply in the process of designing the next Xbox consoles. This will allow them to once again keep their promise to console gaming. Spencer remained tight-lipped on any specifics about the console, however, the executive did reveal that backwards-compatibility with Xbox One games would play significant role for the new hardware. Eurogamer was told by him: "When you think about the next generation of hardware, many of the massive, big games currently played will still be in play when the next hardware comes out." 'You're not likely to see a "2" after all those because people are trying to move you to the next version of these games. In the old days of games shipping being played, then going away - and that was the way it was for all the games - a console switch was an easy step-function. We went through it with Minecraft. We didn't release Minecraft 2 on Xbox One to try to force everyone to switch to the next console, because that's not what Minecraft players would like to see. They want Minecraft to get better. "When you think of games like Fortnite or PUBG, you think about the large games and ecosystems that will be available when new hardware is released, people will still want to play these games and it's going be important for us to be able to support them. Microsoft has unveiled Halo Infinite which is a brand new entry to its popular Halo series. It will be available on Xbox-branded consoles Microsoft also presented an unprecedented number of brand new games to its players during its E3 presentation. The company released a selection of exclusive titles, including fresh additions to its Halo and Gears of War series. Spencer has described the company's "most diverse gaming portfolio" as the newest list of games.games