Category Archives: OnLive

Streaming games service OnLive was acquired for less than $5 million, a new report has claimed.

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OnLive hype has bled down to a mere trickle these days, with little in the way of good press, following key departures at the cloud gaming firm and a lack of marquee software. However, OnLive’s top execs have revealed why they are only just getting started.

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OnLive’s recent struggles has taught everyone at the company an awful lot. CEO Charlie Jablonski and UK boss Bruce Grove have spoken in length to Eurogamer, outlining many of the troubles the group has faced over the past year. They also look to the future, indicating things can only get brighter with a better strategy.

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Despite the recent change of ownership, the Wikipad is scheduled to include support from OnLive.

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OnLive founder and former CEO Steve Perlman was the source of many of the companies difficulties, anonymous sources have said.

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OnLive’s bankruptcy and acquisiton has claimed a surprising victim – CEO and founder Steve Perlman.

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Lots of games are on sale this weekend through various digital outlets such as Amazon, GoG, Steam, Gamefly, and more. Hit the break for a small taste.

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Microsoft is hosting an OnLive “networking mixer” at its Mountain View, California location on August 28. The firm said it’s “eager to speak to individuals and teams affected by the OnLive transition.”

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OnLive is closing out its free Indie Weekend Giveaway promotion by handing out PoP – Methodology Experiment One, Lume, Dear Esther, and Defense Grid Gold for free. To get the games free of charge, you’ll need to visit OnLive’s Facebook page click a link or two, and follow the instructions to redeem your free game. Thanks, Eurogamer.

OnLive’s debt was sitting around the $30 million and $40 million mark before it closed down, and transferred its assets to Insolvency Services Group.

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OnLive’s acquisition-driven bankruptcy may cause stakeholders to lose their shares in the original company. A representative for British Telecom, which held a 2.6% stake, told TechRadar that it’s “highly likely” the company will have to “write off” the investment, but added that the amount “does not represent a significant investment for BT as a whole”. OnLive will reform as a brand new company, rehiring some core staff, while the rest have been let go.

Thanks, Joystiq.

TechCrunch has a possible explanation for why OnLive declared ABC bankruptcy to reform under its new owner rather than a straight-forward acquisition. According to the site’s sources, by effectively laying-off its entire workforce – although many will be rehired – the company has nixed any equity entitlements its staffers held. This would make OnLive a much more attractive purchase thanks to a substantial reduction in price.

Thanks, Kotaku.

OnLive has announced it has been acquired, and will remain operating as a “newly-formed company,” with online services remaining unaffected, which is good news for subscribers.

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OnLive’s the recipient of the latest rumor du jour, as an email stating it’s closing down has been sent to Polygon and a high profile developer; however, VG247 understands that a large round of layoffs are happening, with only key, upper management positions remaining unaffected.

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Sony’s acquisition of Gaikai has brought legitimacy to cloud gaming, OnLive’s UK GM Bruce Grove has said, and it “will help drive the idea further.”

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OnLive GM Bruce Grove has announced the streaming service will be available on the Ouya Android games console.

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A deal between OnLive and chip manufacturer Marvell will see second-generation Google TV devices capable of streaming games out-of-the-box.

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OnLive is holding a rather large sale this weekend, in which you can get up to 75% off some really banner titles. Get the list below.

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VVizio has announced its Vizio Co-Star Stream Player, which incorporates Google TV by transforming any HDTV into “the ultimate smart TV.” Users can watch live TV, use apps, game with OnLive, use Netflix, Amazon Instant Video, YouTube and iHeartRadio. It also comes with a universal Bluetooth remote and a full QWERTY keyboard. It also supports 1080p Full HD and 3D with built-in 802.11n Wi-Fi and a USB port. Pre-orders go live in July, and the box will run you $99.99.

Buy the Gods and Kings DLC and receive a PlayPass for the main game for free, for a limited time.

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