Sony is acquiring the remainder of OnLive, the popular game streaming service. Consequently, OnLive as a whole is shutting down on Thursday, April 30th.
After more than a year of relative silence OnLive has respawned with a new way of thinking about cloud gaming and the ability to stream MMOs to your Android device, or a number of other devices. Read on for more!
LG has recently rolled-out an update to their Smart TV with Google TV (the G2 Series). The update brings a new premium app, the OnLive Game System which will allow you to play games from the cloud. Users will be able to demo games for free as well as subscribe or purchase/rent games a la carte.
The cloud gaming service OnLive was in a pretty bad way in the lead up to its acquisition. There were mounting debts heading for the $20 million mark and disappointed investors like HTC were not about to pour more money in. In the end OnLive took a bankruptcy alternative that allowed it to liquidate its assets. In effect there were mass lay-offs and the assets were sold to venture capitalist Gary Lauder for $4.8 million.
Cloud gaming has been touted as the next big thing for a while now, but it’s yet to really take off. The two big players in this space were OnLive and Gaikai, but now a third company has entered the fray – CiiNow intends to bring the latest PC and console games to your tablet or smartphone and the platform will run on Android.
HTC writes off $40 million investment in OnLive as the company’s financial woes continue.
OnLive was reportedly on the verge of bankruptcy when the majority of its employees were sacked and it got acquired by a group of investors, including investment firm, Lauder Partners. A new company will be formed using the same assets and service will continue uninterrupted.
OUYA is approaching the end of the funding campaign, with 7 days left to donate if you want to help them succeed or “pre-order” an OUYA console for yourself.... In the past few days the company has announced partnerships with OnLive and Square Enix for Final Fantasy 3, and now it’s announcing another major partnership, although this one doesn’t have much...
Cloud gaming services like OnLive and Gaikai are a way to bring modern PC games on much less powerful hardware than what you’d normally need if you installed... the game on your own PC. They are also great for democratizing the console market and gaming hardware in general, because you can now use less powerful consoles to play games that look just as good....
I think HTC made quite a few financial mistakes last year, and the outcomes of those mistakes are starting to appear this year. Besides other strategic mistakes that led... to the sharp decrease of their market share and profits in US and Europe, like releasing too many “no-name” models with no long-term branding, they also made some very bad investments last...