Hang onto your hats…and your wallets…Microsoft is raising the price of an Xbox LIVE subscription by $10/year in North America beginning November 1. 2010. Other regions will see a price increase as well.
As posted by Major Nelson, the price hike will affect Xbox LIVE members in Canada, Mexico, the UK and the US, with various yearly, monthly, and 3 month subscriptions seeing an increase. In the U.S. the one month Gold subscription will increase from $7.99 to $9.99 while the three month will raise from $19.99 to $24.99. After the change takes place, the 12 month will set you back $59.99 as opposed to the current $49.99.
It’s worth noting that renewing your 12 month subscription via a special promotion being offered right here, right now, will allow U.S. customers to save $20 off the new price and renew for $39.99.
As for the regions outside the U.S., Canadian gamers can expect to pay $1 more for the monthly subscription, Mexico’s 12 month plan increases from 499 Pesos to 599 Pesos, and those of you in the United Kingdom will be charged 5.99 GBP for the monthly subscription instead of 4.99 GBP.
“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.”
So, do you think Microsoft has added enough new features and content to XBL to justify a price increase? Do you think the new rates are fair or unfair? Let us know your thoughts below.