Thread: OnLive rumored to have closed.
08-17-2012 03:18 PM #1
OnLive rumored to have closed.
Game streaming company OnLive has reportedly shut down. InXile Entertainment's Brian Fargo has posted a forwarded email from a now-former employee of the company, saying that by day's end "OnLive as an entity will no longer exist." It appears everyone at the company has been laid off. According to statements posted on Facebook, "a new company will be formed" that will coordinate "current initiatives in place."
Sources close to Mashable report that the entire OnLive staff was fired at an all-hands meeting that took place at 10AM PT. The report also claims that "some staffers may be rehired as the company transitions to its next unknown iteration."
OnLive offered streaming games that could run on a variety of devices, including PC, Mac, and Android. The company most recently announced a partnership with Ouya to bring their services to the Android-based device. OnLive also offered its own standalone TV-connected console.
It's currently unclear what will happen to customer's OnLive accounts in light of today's news. Users that purchased software through the service will not be able to access their content should the service shutter. Shacknews will contact OnLive for more information.
08-17-2012 03:19 PM #2
Gaikai/Sony wins. Suck it OnLive.Don't Reach, Young Blood
Part of The Finer Things Club, The Ghostbusters Club, The American Psycho Club, The SDF on 360 Club
08-17-2012 03:23 PM #3
08-17-2012 03:43 PM #4
Their response to the rumors:
Joystiq reached out to OnLive directly to ask about the rumors, and Director of Corporate Communications Brian Jaquet replied to us with a blunt denial: "We don't respond to rumors, but of course not."
Last edited by KageMaru; 08-17-2012 at 04:01 PM.
08-17-2012 03:53 PM #5
08-17-2012 03:53 PM #6Member
- Join Date
- Jun 2008
Users that purchased software through the service will not be able to access their content should the service shutter
This is the primary issue I have with streamed content.
08-17-2012 03:55 PM #7Member
- Join Date
- Dec 2007
08-17-2012 04:02 PM #8
08-17-2012 04:06 PM #9
Kotaku is reporting that despite OnLive's denials, the company is filing for bankruptcy in the state of California. The intent, according to Kotaku's source, is to reform the company as a new entity with a smaller staff. What that company will look like and what it's plans are for OnLive's current services are still unclear. Other sites are also citing more sources from inside OnLive confirming the layoff portion of the story. Still some questions floating around, but it looks like things are becoming a bit clearer.
08-17-2012 04:16 PM #10
08-17-2012 04:52 PM #11
08-17-2012 04:54 PM #12
08-17-2012 04:59 PM #13
Anyway, update to the original story:
Speaking to Shacknews, an OnLive representative said that "we don't respond to rumors and have no comment." The service will remain open, but there's still no word on the extent of layoffs. Analyst Michael Pachter tweeted that financing is "not an issue" at OnLive, so "it must be a changed strategy to an all IP model."
08-17-2012 05:00 PM #14UPDATE 2: IDG News' Martyn Williams reports that he's outside OnLive's offices right now, and has seen multiple employees exiting the premises with moving boxes.
michealo told us so.
08-17-2012 05:01 PM #15
I don't care for the idea of cloud gaming. Especially with bandy caps being universal at this point.My setup:
Playstation 3 320 GB(60GB) - 31 games, 13 BDs(have to recount)
42" Vizio 120hz 1080p set
PC Setup: GTX 670 2GB, 32 GB RAM, Intel Core i7 3770k, 120 GB Mushkin SSD OS drive, WD Cav Blue 500 GB 7200rpm HDD, WD Cav Black 2 Terabyte 7200rpm HDD, Windows 7 Professional
PSN and XBL: MA16v3