Comment on Microsoft doubled the price of Xbox Live Gold memberships to $120 per year and gamers aren't happy

Microsoft Microsoft said Friday it's raising prices for new Xbox Live Gold memberships. Six-month plans will now cost $60, but that new price won't apply to existing members. The move brings Gold plans closer to the $180 annual Game Pass Ultimate, prompting gamer backlash. Visit Business Insider's homepage for more stories. Microsoft is raising prices for Xbox Live Gold memberships in certain markets in an apparent effort to convert more users to its Xbox Game Pass Ulimate, and the gaming community is not receiving the news well.Microsoft announced in a blog post Friday that, moving forward, new six-month Xbox Live Gold subscriptions will cost $59.99, while three-month plans will cost $29.99 and one-month plans will cost $10.99.That means a full year of Xbox Live Gold will go for nearly $120, double the price Microsoft charged for the 12-month plans that it quietly got rid of last year."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; we'll be making price adjustments for Xbox Live Gold in select markets," the company said.The pricing changes won't affect existing Xbox Live Gold subscribers, however, as they'll still be able to renew their current plans at the same price.