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Game Streaming Service OnLive Ceasing Operations, Sony Acquires Assets
According to a press-release by streaming service Onlive, the company is ceasing operations but portions of the company are being sold to Sony, who’s no stranger to acquiring streaming services.
The announcement didn’t mention how much Sony paid but considering the struggles of Onlive over the years, it wouldn’t have been much.
One company representative wrote:
Users will continue to have access to OnLive’s services until April 30, 2015, including the OnLive Game Service, OnLive Desktop, and SL Go (Second Life). After today’s date, no further subscription renewals will be charged for any of these services
He further added:
Users whose subscriptions renewed on or after March 28 will be refunded. Following the termination of the company’s services and related products, OnLive will engage in an orderly wind-down of the company and cease operations.
Sony’s last big purchase from the streaming market was Gaikai back in 2012. The technology was used to develop PlayStation Now. However, what Sony plans to do with Onlive is not yet clear.
Onlive managed to survive for around five years. The company bet all its money on the idea that players will pay for subscription fee to stream games. As we now know, the idea backfired.
The most intriguing part of it was their work on server farms, which was supposed to let users stream high-end games on PCs with low-end specs. That would have dented the GPU business badly.
We will have to wait and see how Sony intends to use this. We’ll let you know as soon as something new is shared.