Sony buys what's left of OnLive

4.6
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."



Posted:
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

If you would like to post a comment please signin to your account or register for an account.

codsturePosted:

I think this has a bright future

3005JrPosted:

well that's Sony for you hopefully they will make it better

21Posted:

Never had anything to do with it, I suppose this kind of sucks for some people though.

bdgrPosted:

well sony arnt they just a great company.

ODSTPosted:

DeluxeHazard Seeing companies like this with potential being forced to close is always a sad thing to hear. I hope the employees are well off.


They were already facing liquidation and closure. The service has not been very popular for the past couple years. While, yes it is sad to see a company close, they were already headed that direction in the near future so hopefully Sony can find a purpose for them.

DeluxeHazardPosted:

Seeing companies like this with potential being forced to close is always a sad thing to hear. I hope the employees are well off.

L33t-Ninja-MuchPosted:

maybe they can actually do something with this

KuraPosted:

Good purchase for Sony, can use this to help release something like they did with PlayStation Now.

NigoPosted:

Imagine how pissed the people are who put their time into using OnLive instead of an Xbox or Playstation.

TimePosted:

Given OnLive was created by the people behind the Real technology, I was half surprised that Apple didn't pick it up.