【Peter Baumgartner】

Microsoft is Peter Baumgartnerreportedly going to unveil a new approach to delivering Xbox One consoles and services to players: An all-encompassing subscription.

Xbox All Access is an upcoming service for people who are interested in playing Xbox One but don't want to drop a few hundred dollars on a console in one go, according to a report from The Verge that cites sources familiar with Microsoft's plans.

The service offers an Xbox console, Xbox Live, and Xbox Game Pass (like Netflix for Xbox games) in a single package for a monthly fee.

According to The Verge, the Xbox All Access subscription for an Xbox One X — the more expensive of the Xbox One lineup — is $35 a month for two years. According to a similar report from Windows Central, the subscription for an Xbox One S is $22 a month.

When asked to confirm if Xbox All Access reports were true, a Microsoft spokesperson told Mashable "We do not comment on rumors or speculation."

If you're wondering whether this is worth it, it is. A year's worth of Xbox Live works out to roughly $5 a month, and Xbox Game Pass gets you access to tons of Xbox games for $10 a month. If you break down the cost of a $230 Xbox One S over two years, it's just under $10 a month, so you're looking at roughly $25 a month altogether. You'd save about $3 every month with Xbox All Access.

Xbox All Access is an interesting way to think about getting consoles and games to players, who have pretty much had to go all in on a console if they wanted to try it. You used to be able to rent consoles at Blockbuster, but those days are long gone, and this new option seems even better because Xbox Game Pass gives you access to a tonof games.

There is no word on when Microsoft will officially unveil this new service.