Xbox Live Price Increase Coming November 1 [Microsoft]

Xbox Live Gold subscribers might like to renew before November 1, when the cost of a yearly subscription to the service jumps $10 in North America.

According to a post on Major Nelson’s blog, after eight years’ of Xbox Live at the $50 a year price point, the service is finally seeing a worth 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 probably be seeing increases in addition. Inside the UK the cost of one month will jump from 4.99 GPB to 5.99 GPB. The worth of a month in Canada rises a dollar to $9.99. Finally, a year subscription in Mexico rises from 499 to 599 pesos.

Microsoft is running a unique deal instantly for North American customers, permitting them to lock in a year at $39.99, $20 lower than the recent rate. For details, visit the deal website .

Jesse Divnich with industry analyst EEDAR sent out a press release accompanying the inside track, insuring consumers that $60 remains ” an immense value.”

” When originally launched in 2002, a Gold subscription cost similar to an AAA online game, $49.99. When taking into consideration for inflation ($50 in 2002 is roughly $60 in 2010) and the additional services available to Gold subscribers in 2010, together with ESPN, Facebook, Twitter, Netflix, Last.fm and Video Kinect, a $10 price increase still represents an out of this world value to consumers”

Whether or not $60 a year is an improbable value is ultimately up to consumers. What say you, consumers?

Price change for Xbox LIVE Gold subscription [Major Nelson]

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