Stefan Mileschin

Microsoft says that, if you decide to cancel your Gold membership now that entertainment apps like Netflix no longer require it, you are entitled to a pro-rated refund. Will I be able to cancel my Gold membership? Yes. Once the Xbox One and Xbox 360 system updates become available in June, Xbox Live Gold members who purchased a paid membership before that day can cancel and receive a pro-rata refund of any unused remaining days between the date of cancellation and the date their paid Gold membership ends. Cancellation and pro-rata refund requests must be made by August 31, 2014 and require six to eight weeks for processing.

http://www.hardocp.com/news/2014/05/...membersh ips/