Pay Per View and Membership on same site?

I'd like to offer subscriptions so that members can access all protected content on a site, and offer much of the same content on a pay per view basis. For example, each video could be purchased one at a time, OR they can get a subscription and watch all of them, as long as their subscription is active.

To do this, it seems to me that I'd need to use both Pay Per View and Membership - will they work in concert like this?