Xbox 720 Out in November, Costs $500 (€385) Standard, New Report Says

The next Xbox will also be sold with a subscription and is going to be revealed in May

The next Xbox console, the oft-rumored Xbox 720, will be released in November and its base model will cost 500 USD (385 EUR), although a cheaper version will be sold alongside a subscription to Xbox Live Gold, presumably, for 300 USD (231 EUR), at least according to a new report.

Microsoft is working on the replacement for the Xbox 360, but the company is still adamant about not sharing any details about the oft-rumored Xbox 720.

Now, after a pretty major controversy surrounding the possible mandatory online connection required by the next-generation console, a new report has surfaced on the web.

Blogger Paul Thurrott, who talked in a podcast with What The Tech, has once again mentioned that the Xbox 720 will be revealed to the world on May 21.

What's more, he also went into detail about the fact that two versions of the device were set to appear, in the form of a full-fledged console and a cheaper non-gaming version that worked as a set-top box, but the latter has since been canceled.

According to Thurrott, the Xbox 720 will be released in November, requires a constant internet connection to work, and comes in two editions.

"Durango is going to be expensive [laughs], you know $500, $300 for the subscription model, that kind of thing, but you know, Blu-ray, blah blah blah, but the thing that interest me, going back and looking at some of the stuff I got a long time ago, it actually says 'must be internet-connected to use' in the notes. And that's all I have, but it does say that," he said, according to a transcript via AGB.

While the console's reveal is set to happen on May 21, the console will be showcased at other events, including E3 2013, Microsoft's own BUILD conference, and much more.

What’s more, Thurrott also mentions that Microsoft wants to conquer the entertainment market with the next Xbox, so it won't focus purely on gaming.

"The problem Microsoft has has nothing to do with Sony or Nintendo anymore, it's Roku and AppleTV. The market for hardcore video games, the market of people will always buy the next Gears of War game, the next Halo game, the next Call of Duty game, it's fairly finite. It's a decent market, yada yada yada, it's not the market for tablets, it's not the market for smartphones," he said.

As of yet, Microsoft still isn't commenting on its next Xbox, although it did distance itself from the statements of one of its creative directors who publicly supported constant internet connections for consoles last week.

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