Microsoft Corporation recently announced that the company is now joining forces with a recently formed Fox/Newscorp and NBC/Universal joint scheme to allocate a vast library of online video content to MSN consumers.

"This statement is a great win for MSN's more than 464 million consumers and for online video. When launched, this new scheme would offer free contact to an unparalleled library of high-class video content," said Microsoft's Kevin Johnson, President of Platform and Services Division.