This week, Microsoft was in the news a lot, as another announcement came out of the Xbox 360 camp that we knew was coming for a long time. November 1st, 2010 marks the date where Xbox LIVE Gold subscription prices will be going up. This will affect users in Canada, Mexico, the UK and the US. The new prices for here in the States will be $9.99/month, $24.99/3 months and $59.99 for the year. Not all plans were affected, however, as the UK one-year package remains the same price.
Why the hike in price? Find out after the break.
Major Nelson explained the reason for the rate increase.
Since launching Xbox LIVE in 2002 we have continually added more content and entertainment experiences for our members, while keeping the price the same. We're confident that when the new pricing takes effect, an Xbox LIVE Gold membership will continue to offer the best value in the industry.
On the plus side, you can lock in subscription rates right now by renewing your Xbox LIVE Gold membership. You can even get them at a reduced rate on LIVE. Also, 12 month subscription cards are always discounted at online retailers and if you feel like purchasing the new Xbox 360 Console, you can get $20 off a one-year card right now at our wonderful sponsor, The Microsoft Store!