Microsoft wants to make some Netflix-style game subscriptions. The software giant has just announced Xbox Game Pass, a monthly gaming service that will give players instant access to a massive library of games at a very reasonable price. The company made the huge announcement this week.

According to Xbox Wire, the Redmond-based software company just announced the Xbox Game Pass, a new $10 per month gaming subscription service that offers Xbox players unlimited access to more than 100 Xbox One and backward compatible Xbox 360 titles. The Xbox Game Pass is a separate subscription service from the existing Xbox Live Gold and is set to arrive later this spring.

As mentioned earlier by Phil Spencer, Xbox Head, in a recent Xbox blog post, the company will continue its commitment to the Xbox community to provide more option to diversify and expand their library of games with the introduction of Xbox Game Pass.

In doing this, the company decided to team up with some of the biggest names in the gaming industry today, which include Microsoft Studios, Bandai Namco, Capcom, 2K, SEGA, SNK Corporation, 505 Games, Codemasters, Focus Home Interactive, Deep Silver, Warner Bros. Interactive Entertainment and THQ Nordic GmbH.

Some of the fan-favorite titles that included in the new gaming service are the 343 Industries' first-person shooter "Halo 5: Guardians," Starbreeze Studios' co-op shooter "Payday 2," 2K Sports' simulation video game "NBA 2K16" and the Bandai Namco's weapon-based fighting game "SoulCalibur II."Microsoft is releasing an alpha preview of the program with ah very limited number of games.

Those titles that have been made available on preview are just a small glimpse of the expanded catalog of titles that will be made available when Xbox Game Pass arrives this spring.In addition to the alpha preview, Xbox Live Gold members will also receive exclusive access to Xbox Game Pass prior to the gaming service launching to the broader Xbox gaming community.

The move is the latest on Microsoft's ongoing effort to stay competitive in the hotly contested console market. The company is currently waging a brutal two-front war, first against the Japanese tech giant Sony and then, against the furious contender Nintendo.

Analysts already predicting a good fortune from this new type of subscription service, Xbox Game Pass could produce significant revenue for Microsoft. And if everything goes well, expect Sony and even Nintendo to respond with a similar service in the next couple of months.