OnLive pushes towards “winter” launch with massive investment round

Wednesday, 30 September 2009 08:26 GMT By Patrick Garratt


Cloud gaming service OnLive’s confirmed closure of a funding round that’s valued the company between $500-750 million, but boss Steve Perlman has hinted a final launch may not come this year.

Exact figures haven’t been disclosed, but, if the valuation is accurate, this is easily the largest games-related investment of its type in 2009.

Speaking to VentureBeat, Perlman said OnLive now has a “winter” release date, with exact timing based on progression of beta testing.

Up to this point, Perlman’s maintained a 2009 date for OnLive.

Despite the highly unsurprising news of a probably slip, Perlman remained in visionary mood.

“Over the last decade, we’ve seen an enormous upheaval in the media business as the written word, photos, music, and video have been steadily moving away from physical media to online delivery,” he said on his blog.

“One major category that still remains largely based on physical discs is fast-response interactive media — in particular, video games. And, of course, OnLive’s goal is to enable that last remaining transition.”

Heaps more through the links.