According to a report from Rapid TV News, Microsoft will be partnering up with subscription television service British Sky Broadcasting (BSkyB). Back in July of 2007, the broadcasting company’s COO Mike Darcey confirmed that it was in talks with Redmond over the prospect of using Microsoft’s Windows Media as a service delivery method.

The obvious but albeit speculated plan at this point is that some form of BSkyB’s TV service will be used on Microsoft’s Xbox 360 gaming console. If it’s true, the service could be used to broaden BSkyB’s reach by millions through Xbox 360 users in the UK and Ireland. A more detailed announcement is said to be expected on Friday, May 29.

London-based BT Vision, who also offers pay television services, has information on their Wikipedia page stating that they too will be broadcasting through the Xbox 360, via IPTV. While Microsoft reportedly provides the technology backbone for BT Vision’s service, Rapid TV News believes an Xbox function is still in the distance.