The company announced an agreement with the media group - which is chaired by Rupert Murdoch - to bring streaming content to Xbox 360 during its Consumer Electronics Show 2012 (CES) keynote.
The partnership will offer streaming television shows and content from Fox, Fox News, Wall Street Journal and IGN on Xbox 360 in North America. No date was given for when the streaming channels will launch.
Microsoft also reiterated that the first content from its previously announced streaming partnership with Xfinity will arrive on Xbox 360 soon.
All applications will require an Xbox Live Gold subscription to access, and all feature a degree of Kinect functionality.
Last year, Microsoft launched streaming entertainment apps on Xbox 360 through its December dashboard update. Streaming partners included ESPN, Syfy and Verizon FiOS in the US.
The company also revealed details about the forthcoming release of Kinect for Windows during its presentation.
This is the final year in which Microsoft intends to appear at CES.