Xbox Live Gold subscribers might want to renew before November 1, when the price of a yearly subscription to the service jumps $10 in North America.
According to a post on kotaku.com, after eight years’ of Xbox Live at the $50 a year price point, the service is finally seeing a price hike. Starting on November 1, a year Gold subscription to Xbox Live will run $59.99, versus the current price of $49.99. One month subscriptions will jump from $7.99 to $9.99, while three month subs will rise from $19.99 to $24.99.
Other regions will be seeing increases as well. In the UK the price of one month will jump from 4.99 GPB to 5.99 GPB. The price of a month in Canada rises a dollar to $9.99. Finally, a year subscription in Mexico rises from 499 to 599 pesos.
Jesse Divnich with industry analyst EEDAR sent out a statement accompanying the news, insuring consumers that $60 is still “an incredible value.”
“When originally launched in 2002, a Gold subscription cost the same as an AAA video game, $49.99. When taking into account for inflation ($50 in 2002 is roughly $60 in 2010) and the additional services available to Gold subscribers in 2010, such as ESPN, Facebook, Twitter, Netflix, Last.fm and Video Kinect, a $10 price increase still represents an incredible value to consumers”
Unhappy about this? Well, feel free to vent in the comments below. But, the truth is no matter how much you kick and scream at the end of the day you will bend over and pay. Personally I find it hilarious that Microsoft wants us to pay more money to spend more money. 95% of the stuff on Xbox Live is not free.