Like Hulu, Netflix has become a universal application and is available on the Xbox Store. It’s now live on the Xbox One Preview, but once the Anniversary Update is released, more Universal Windows Apps will be installable on the Xbox One. However, Netflix developers are working on an update for this application that adds support for 4K and HDR, additions Microsoft believes will be valuable on the Xbox One S, the new console that will be released next month.

First of all, let’s talk about Netflix’s creator, which is an American multinational entertainment company that started in 1998 in DVD by mail business. Only nine years later, the company has introduced streaming media, but it retained the DVD and Blu-Ray rental service.

Now, the service is available in over 190 countries and in 2013, subscribers were introduced to the first tv series produced by Netflix: House of Cards. Last year, the company has added “Netflix Original” content and it’s accessible from the online library of films and television. Currently, there are over 47 million subscribers in the US, out of a total of 83 million subscribers worldwide.

Netflix app can be installed on a variety of Blu-ray Disc players, tablets, smartphones, high-definition television (HDTV) receivers, home theater systems, set-top boxes and even video game consoles. If you own an Xbox One console and want to have access to Netflix’s content, you must live in the US, UK, Argentina, Australia, Austria, Belgium, Brazil, Canada, Colombia, Denmark, Finland, France, Germany, Ireland, Israel, Italy, Mexico, Netherlands, Norway, Sweden or Switzerland.

In September, Microsoft will launch the Xbox One S console. Thanks to the new features added to the latest Netflix update, gamers will be able to watch 4K and HDR (High Dynamic Range) movies. The Xbox One S will be available in three variants of internal storage: 500GB ($299), 1TB ($349) and 2TB ($399).

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