Thu, Aug 05, 2010 | 14:51 BST

Report – OnLive worth $1.1 billion

onlive31

According to a report from VentureBeat, cloud gaming firm OnLive is worth $1.1 billion.

The service launched back in June in the US, with no hiccups apparently.

A European launch is expected next year, following investments by BT in the UK and Belgacom in Belgium earlier this year.

OnLive itself isn’t commenting on the figure, which was found in a filing in Delaware.

Still, big money. Big.

Via Big Download.

9 comments

freedoms_stain
05/08/10, 2:55 pm

According to a report by freedoms_stain OnLive is worth jack shit.

Glorified expensive low-res game rentals FTL!

Zarckan
05/08/10, 3:00 pm

Errrr they are having a fucking laugh ain’t they?!

LOLshock94
05/08/10, 3:29 pm

so onlive is shit awwwwww

G1GAHURTZ
05/08/10, 3:43 pm

Boo.com

theevilaires
05/08/10, 3:47 pm

Older Gamer said it was ok. I think his word alone is enough to get me to try it. So I think I will.

mojo
05/08/10, 3:48 pm

i fail to see why onlive is a good thing.
whatever.
not for me.

LOLshock94
05/08/10, 4:03 pm

WATCH THIS TRAILER YOU WILL JIZZ YOUR PANTS
http://www.empireonline.com/news/story.asp?NID=28553

OrphanageExplosion
05/08/10, 4:41 pm

VentureBeat has been bigging up OnLive since the year dot. You get the idea that Dean Takahashi is very close to Perlman and his lot.

OlderGamer
07/08/10, 2:45 pm

The service is good. What it does it very well. But wait before you jump in there. I know they are looking at changing their subscription model. If/once they go to a flat fee and roll out a few of the games they are now holding back … things will look a lot better.

As it stands right now they are too expensive.

But it is lag free, does run smoothly, has very nice community features, and did(mostly) what they said they would do.

The only question I have is Onlive viable? I would rather outright buy the game with something like steam. But I think if they go to a flat fee that covers usage of all games, like a glorified Rental program or something like the old Sega Channel, then I expect to see this service around for a long time.