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OnLive CEO Steve Perlman is retaining his position as chief operating officer of the cloud gaming service, despite over half of his employees losing their jobs when the company shut down. OnLive amassed debts of over $30 million, but was acquired by Lauder Partners, LLC with the company's new owner...

2 years ago 0 Comments
August 24, 2012 at 10:20AM
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It's now been revealed that OnLive's debt was somewhere between $30 million and $40 million before last week's collapse and subsequent reincarnation. Last week, the California-based company's assets were transferred to Insolvency Services Group. Those assets were then sold on to Lauder Partners, LL...

2 years ago 0 Comments
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British Telecom has reported that it is "highly likely" to simply write off the 2.6 percent stake it invested in the recently rebooted cloud computing service, OnLive. The issue isn't yet settled, but a BT spokesperson told TechRadar that "the 2.6 percent shareholding in OnLive does not represent a...

2 years ago 0 Comments
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Just in case you didn't hear over the weekend, the cloud computing service OnLive experienced a little bit of a crisis: On Friday morning, the CEO of the company spoke to staff to essentially tell them all that they were fired, and that the assets of the company were being bought by another inv...

2 years ago 0 Comments
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BT thinks that it's "highly likely" it'll let its 2.6 percent stake in OnLive go to the wall. It told TechRadar that it was keeping a "close eye" on the gaming venture which is restructuring in the face of spiraling debt costs. The telecoms provider has promised that its customers will be able to ...

2 years ago 0 Comments
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Yes indeed, the Ouya is still planned to have OnLive support at launch. Ouya announced in late July that OnLive cloud game streaming support would be in the Android-powered, Kickstarter-funded open-source console when it launches early next year. Reps from both companies reconfirmed their commitmen...

2 years ago 0 Comments
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InXile Entertainment's Brian Fargo tweeted this morning that he heard from someone inside Onlive that it was closing down, and has now posted that everyone on staff has lost their jobs, and that "a new company will be formed" soon after. A Mashable report from an anonymous source alleges the same....

2 years ago 0 Comments
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I've been a huge fan of streaming technology for a while mainly because it gives players an opportunity to access more powerful and flexible devices from the convenient location of their hand-held tablets or phones. The tech has come a long way even since I started reporting on it, and it continu...

2 years ago 0 Comments
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Belgium is the first country in Europe after the UK to receive OnLive streaming, so let us be the first to say congratulations in your native language of Dutch: gefeliciteerd. If you're from the southern, French-speaking part of the country, then félicitations; and glückwünsche, to...

2 years ago 0 Comments