Update 1: Check out the official details after the break.
Update 2: More info from Reuters indicates 35 titles from Disney are available now, including Bridge to Terabithia, The Queen and Deja Vu, but no Pirates of the Caribbean: At World's End (currently available
High-Definition Content on Marketplace
In a move that will add to the incredible popularity of Xbox LIVE Marketplace, Microsoft announced an agreement with Disney-ABC Domestic Television to make high-definition and standard definition feature films from Walt Disney Pictures, Touchstone Pictures, Miramax Films, and Hollywood Pictures available for rent on demand to members of Xbox LIVE in the U.S. A growing catalogue of current and library titles will be available this July with more blockbusters to come.
Microsoft also announced the highly anticipated rollout of the high-definition video store on Xbox LIVE Marketplace for customers around the globe. Microsoft will begin bringing content to living rooms in Europe and Canada by the end of this year. Currently offering more than 2,350 hours of premium entertainment content from 28 networks and studios, and nearly 500 hours of HD content alone, this puts the U.S. on-demand, high-definition library for Xbox 360 at more than twice the size of the nearest cable provider.