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HTC Lose 40 Million Invested In OnLive
Written by: Warmice
Published on: Aug-20 09:51


HTC has announced that it will lose 40 million dollars due to the current takeover of OnLive.

The phone company invested in OnLive back in Feb 2011, but following the announcement that OnLive has let go of a sizeable chunk of its work force and is up for sale, this investment has been written off by HTC...

Press have been informed that the new OnLive owners are Lauder Partners. The same company that invested in the TV-streaming service Aereo and Livescribe, a maker of Smartpens.

Last Friday the employees of OnLive were found jobless. The company has confirmed that less than half of them have received an offer to return. They hope to re-hire more personal in the future.

OnLive is used by customers to stream games to their PC, so they don't have to install them. The OnLive service claims to have 1.5 million active users.

 

 



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Discussion Page 1
killarman1999
19:45 Aug-21-2012

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I used to have 6mb connection and onlive worked fine :) but now its even better with darksiders 2 on it
anch21
01:58 Aug-21-2012

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One problem I have found with onlive is, when you have limited bandwidth and the company dont let onlive use it freely it cost more than the game itself to play it. So steam still the best with all their sale
tzzsmk
21:31 Aug-20-2012

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nothing surprising - I tried just a few hours ago how OnLive works:
I tried Tropico 4 for a couple of minutes - it was smooth but extremely weird resolution due to "slow web connection" as installer said... well if 6Mb/s is slow then how could mobile phones be faster?!...
Warmice
09:56 Aug-21-2012

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Phones use a lower resolution :)
tzzsmk
10:11 Aug-21-2012

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yeah, but if my webconnection is "weak" for 1280×1024 stream (!- I can watch 1280×720 YouTube videos smoothly), then who will use OnLive ??
Warmice
12:02 Aug-21-2012

Swedish people on their WiFi?
Tero
14:49 Aug-21-2012

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And 6Mbps is more than most of gamers have these days... :/
tzzsmk
15:10 Aug-21-2012

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which finally means that instead of 1000$ rig you'll pay 50$/month for web connection;
and only if you're lucky enough and fast connection is possible in certain location:(
Discussion Page 1
Username Warmice
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Title Junior Ed.
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About Warmice
 Loves to write, and use it as a tool to inform, form opinions and convince whilst maintaining an open mind. Also a fan of doing things slightly different!