A couple of days ago, Microsoft raised the price of an annual Xbox Live Gold suscription by $10, to $59.99 per year. However, realizing that there are people out there with multiple accounts in a family setting, the company has finally incorporated an Xbox Live Family subscription into their offerings, and it's a great deal. For $99.99 per year--$20 less than the cost of two Xbox Live Gold subscriptions--you get a pack of four Xbox Live Gold accounts. Even cooler, though, is if you have young children, you get details on their activity and can set up preferences and allowances, and even get activity reports. Here's a look at the features that are exclusive fo the Family Pack:

• Family Center: It’s a single easy-to-use destination to manage your family’s memberships and online settings.
• Activity reports: Sign in to Xbox.com to view reports on your family’s activities on Xbox LIVE, and encourage discussions with your family about safer, healthier, and more balanced gaming.
• Microsoft Points Allowances: Parents and caregivers can purchase and gift Microsoft Points to their children.
• Family Pack Deal: Get exclusive discounts on family-friendly content.

You can convert over to the Family Pack from any existing Xbox Live account. If you're already a Gold member, then you get $5 towards the purchase of the Family Pack for each month of Gold that you have remaining on your account. Even better, if other accounts that you want to add to your Family Pack have time left on a Gold subscription, the entire family will get another month of Gold added for every two months remaining on each account.

The Xbox Live Gold Family Pack is available now, and you can set it up online, or from the Xbox 360 dashboard.