You'll soon be able to play Xbox 360 games on your Xbox One - here's how it works

Larry Hryb, head of programming at Microsoft's gaming network Xbox Live, released a new video on Wednesday - something gamers and Xbox owners have been waiting a long time to see.

It's a 5-minute video explaining exactly how backwards compatibility will work on the Xbox One.

If you don't have five minutes to watch the video, we break it down in simple terms here.