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by Juilian Benson via LAD Bible

Microsoft has emailed Xbox Live Gold members to say that from May 8 the price of a subscription is going to increase by more than 15%.

12-month subscriptions will increase from £39.99 to £49.99, three-month subscriptions will go from £14.99 to £17.99, and monthly prices will rise from £5.99 to £6.99. Six-month subscriptions will remain the same at £29.99.

Microsoft says these increases are being made to “address changing market conditions”. Over the past three years the value of the pound has dropped significantly – against the US dollar, the pound has dropped in value by more than 15% since June 2015. In large part the devaluation of the pound has been due to the uncertainty and confusion linked to Brexit.

The move makes the price of membership more consistent across Europe, too. “This new pricing is aligned to the changes we made in the region in 2016 as we strive to offer our members premium gaming and entertainment services at a fair price,” Microsoft said in a statement.

It also makes Gold Membership similar to PlayStation Plus membership, which also had a price hike back in 2017. No word yet as to if the same hike will happen to our North American counterparts.

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