Sony buys what's left of OnLive

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Sony Computer Entertainment is buying the remaining patents and assets belonging to OnLive, the cloud-computing service that some might say was ahead of its time. OnLive as a service will shut down on April 30th and the company won't collect any more subscription fees. On April 30th, all OnLive player data will be deleted, though any Steam games purchased through the service will continue to reside on Steam.

"It is with great sadness that we must bring the OnLive Game Service to a close," OnLive writes. "Sony is acquiring important parts of OnLive, and their plans don't include a continuation of the game service in its current form."

Sony bought game-streaming service Gaikai for $380 million in July 2012, and it's since turned all of that tech into PlayStation Now. OnLive was purchased once before: A venture capital bought the company for $4.8 million in 2012, after the company accrued roughly $30 million in debt. OnLive hung in there for a few more years, in 2014 announcing a new cloud-based enterprise.

Regarding its closure, OnLive says, "We thank you from the bottom of our hearts for being an OnLive customer, and we wish you all the best."



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Related Forum: PlayStation Forum

Source: http://www.engadget.com/2015/04/02/sony-buys-onlive/

Comments

"Sony buys what's left of OnLive" :: Login/Create an Account :: 45 comments

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KatsumiChanPosted:

Tote Aww Man
This really saddens me

I hate to see them go


Was a bad service to begin with lol.

TotePosted:

Aww Man
This really saddens me

I hate to see them go

RareparrotPosted:

Reptrain I feel like they have big plans for this in the future.

i agree they should be back

RareparrotPosted:

yep hhahaaha buy everything sony let xbox knows whos boss.

KatsumiChanPosted:

Adamu
Greg Don't see why you would purchase a company/service like OnLive JUST to close it down... maybe something better will take its place. Lets wait and see


I woudnt say they have closed it down completely more like waiting for the right time to open it back up Sony woudnt buy it if they though t they wasn't going to make money of f of it so I'm sure Sony has a plan just need to wait and see.


They bought the company for patents. If you don't know what those are google it.

AdamuPosted:

Greg Don't see why you would purchase a company/service like OnLive JUST to close it down... maybe something better will take its place. Lets wait and see


I woudnt say they have closed it down completely more like waiting for the right time to open it back up Sony woudnt buy it if they though t they wasn't going to make money of f of it so I'm sure Sony has a plan just need to wait and see.

XboxPosted:

I feel like they have big plans for this in the future.

CartierPosted:

It wasn't ahead of its time. It sucked and from what I remembered it seemed expensive for on-demand games.

GregPosted:

Don't see why you would purchase a company/service like OnLive JUST to close it down... maybe something better will take its place. Lets wait and see

snipingwinnerPosted:

I used to have an onlive console thing, it was cool but I hated the membership scheme. Kinda sad seeing this haha


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