[Update: In a welcomed reversal, Microsoft has announced it is not going to change the price of Xbox Live Gold. Not only that, but it is changing its policy on free-to-play games. In the coming months, players will no longer need a paid subscription to play free-to-play games on Xbox consoles.]
Microsoft has announced that it is to increase the cost of its paid online subscription service Xbox Live Gold. The new price program will see a one-month sub increase by $1 ($10.99), a three-month sub increase by $5 ($29.99), and a six-month sub increase by a substantial $20 ($59.99) with prices naturally adjusting for each territories' local currency.
"Periodically, we assess the value and pricing of our services to reflect changes in regional marketplaces and to continue to invest in the Xbox community," Microsoft said on its official blog. "In many markets, the price of Xbox Live Gold has not changed for years and in some markets, it hasn’t changed for over 10 years."