Xbox Live Gold price hike won't happen after all, says Microsoft

From CNET: That Xbox Live Gold price hike you were bummed about? Turns out it's not happening -- Microsoft has changed its mind.

"We messed up today and you were right to let us know," Microsoft said late Friday, in an update to the blog post that had announced the higher pricing for the online-gaming service. "Connecting and playing with friends is a vital part of gaming and we failed to meet the expectations of players who count on it every day. As a result, we have decided not to change Xbox Live Gold pricing."

The now-scuttled price hike had increased subscription rates: In the US, a month of Xbox Live Gold jumped a dollar, to $11; three months went up five bucks, to $30; and six months jumped $20, to $60. The one-year subscription option had also been dropped. But that's all a thing of the past.

"If you are an Xbox Live Gold member already, you stay at your current price for renewal," Microsoft said in its blog update. "New and existing members can continue to enjoy Xbox Live Gold for the same prices they pay today. In the US, $9.99 for 1-month, $24.99 for 3-months, $39.99 for 6-months and $59.99 for retail 12-months."

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