Yes, but options are limited compared to modern devices.
1. DVD Drive
DVDs: Built-in drive plays DVD-Video discs directly.
Blu-ray:Not supported—no Blu-ray drive.
2. Streaming Apps (Require Xbox Live)
Netflix, Amazon Prime Video, Hulu, YouTube, and others via Xbox Live Marketplace (availability varies by region; many apps delisted as 360 support ends).
3. Media Player
Built-in: Plays video/music files from USB flash drives or network shares (DLNA). Limited codec support (WMV, MP4, AVI, MP3, WMA).
Third-Party Apps: More format support/features via Marketplace (mostly delisted).
Requirements
Active Xbox Live account (Silver/Gold).
Some services require separate subscriptions.
Not a dedicated media player, but functional for DVDs, legacy streaming apps, and local files.