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OnLive was reportedly sold for roughly $5 million to venture capital firm
Even though weeks have passed since that well-documented OnLive kerfuffle took place, where unfortunate layoffs and the formation of a "new company" were at the forefront of it all, previously unknown details are still coming out of the woodwork. According to Mercury News, the once-promising cloud gaming outfit was purchased by a venture capital group for a mere $4.8 million, which appears to be a relatively small amount of cash for an outfit once valued upwards of $1.8 billion -- not to mention when compared to, say, rival Gaikai's $380 million sale to Sony. Still, this is said to have been due to the bad shape OnLive was in at the time, with the Palo Alto-based company reportedly owing more than $18 million in debt, leaving it with no choice but to take "the best that it could get."
OnLive's all-you-can-eat PlayPack now available for $9.99 per month
OnLive, meet subscription services. It's not the January 15th date we had initially marked, but that's no matter now, the time has come. The company has introduced PlayPack, which for $9.99 each month gets you unlimited access to a selection of titles. There's no long-term commitment required and your saved games will stay on servers for at least a year after cancellation, should you change your mind and decide to come back. There's 38 games to choose from at first, including BioShock, Prince of Persia, and Alien Shooter, with more titles promised "on a regular basis." The previous plans -- free demos, multi-day rentals, and purchases à la carte -- are also still around. It's not inaccurate to think of this as early-day Netflix Instant Watch, but drawing from the same analogy, it's gonna take an ever-expanding library of strong titles (both big and small) to keep the momentum going. And make no mistake, we're really rooting for ya. Press release and list of titles after the break.
OnLive's MicroConsole coming by end of 2010
Now that OnLive's beta is (kind of) out the door -- a "bumpy takeoff" as coined by founder Steve Perlman -- the company is talking about its future plans. One of those happens to be a piece of hardware dubbed the MicroConsole that'll serve as the link from the service to your TV. Talking with Joystiq at E3, Perlman said it expects to push the device out "by the end of 2010" and that beta users are already using it. So, when can we get in on that beta?
