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PostPosted: Thu Nov 18, 2010 10:06 am 
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Tarutaru Murder Suspect
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Location: The land of a million galka...
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IGNs: Floressa, Yururu, Cheetah, Donorise
I gotta see it to believe it. I don't know much about cloud computing or in this case gaming.

dvice.com wrote:
OnLive bringing video game streaming to your HDTV

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OnLive's vision of streaming video games right into your home using cloud-based rendering is ambitious. Theoretically, it means you can play a graphic-intensive game on a netbook without needing a high-end graphics card to render it. Realistically, it won't be in HD or play as well on a tiny keyboard. OnLive is planning to bring its video game streaming service to your HDTV with its new console box.

Simply plug the OnLive Game System box into your HDTV through HDMI and you'll be up and running in a matter of minutes. OnLive claims that some beta testers "reported going from opening the box to playing a game in under three minutes." Sounds good to us — but it also needs the right games to support it. A game platform is nothing without great games.

For $99, you'll get the little black box that comes with an HDMI port, AV port, ethernet, 3.5mm audio jack, an optical port and a controller. OnLive will also support 1080p 3D TVs making it pretty future-proof.

Is there room in your living room for another video game platform?

http://dvice.com/archives/2010/11/onlive-bringing.php

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PostPosted: Thu Aug 23, 2012 7:04 pm 
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Tarutaru Murder Suspect
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Joined: Sat Aug 02, 2008 6:07 pm
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Location: The land of a million galka...
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IGNs: Floressa, Yururu, Cheetah, Donorise
Time to update this story. Seems they are going bankrupt and the dude like fried all his employees (like that baseball player gamer Daymon used to worship).
Quote:
OnLive Debt Revealed to be $30-40 Million

The OnLive reorganization and layoffs last week were bizarre. The company issued no official statements at the time of the incident, leaving it to Twitter to break the story and allowing confusion and seemingly conflicting reports to spread. What actually happened is, perhaps even more strange than the rumors first suggested.

What happened, in short, is that OnLive filed for ABC bankruptcy, which gave the company some protection from its debtors and investors. It then laid off its entire staff and transferred its assets to a new company (also named OnLive) through an intermediary. This left investors in the old OnLive, including HTC, holding the bag.

The reason for the restructuring remained a mystery until yesterday, as the company was widely believed to have been solvent. The San Jose Mercury News managed to get an interview with the intermediaries to the transaction, and it turns out that OnLive was in severe debt. Joel Weinberg, CEO of Insolvency Services Group (ISG) told the Mercury News that the company owed $30-40$ million to creditors.

Weinberg stated that OnLive was in “dire straits” and only days away from going under when the insolvency process commenced last Friday. ISG transferred OnLive’s assets to the new OnLive, which was funded by the Lauder Partners, a venture capitalist company. Weinberg told the Mercury News that he only expects to be able to pay the old OnLIve’s creditors 5 or 10 cents per dollar of OnLive debt owed.

http://www.webpronews.com/onlive-debt-r ... on-2012-08

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