170°
Submitted by Sadie2100 856d ago | news

Breaking: OnLive confirms it will not be closing down [updated]

Rumors are swirling around that cloud-gaming company/platform OnLive is closing its doors. But OnLive says otherwise. (Industry, OnLive)

Alternative Sources
Sadie2100  +   856d ago
Disgruntled employee?
roblef  +   856d ago
But it doesn't confirm it won't be laying off tons of staff. It's misdirection.
Dlacy13g  +   856d ago
total misdirection. It sounds like the company actually has been bought up or possibly sold off quietly. Often in those situations the new company lets go of what they deem dead weight and/or redundant staff that they already have.

something tells me this story gets huge by end of day.
DarkTower805  +   856d ago
Someone could have bought them just for the patents they own and already established infrastructure. So it's still possible everyone is getting laid off. I hope not though.
#2.1.1 (Edited 856d ago ) | Agree(1) | Disagree(1) | Report
If they are closing I am sure someone will buy them since they are already a working service.
deantak  +   856d ago
hmm. we should get a better picture soon. they'll have to address larger questions
R_aVe_N  +   856d ago
I think they are being bought out and just haven't announced who is buying them out.
Caligula  +   856d ago
Remember 38 Studios. We got bad news first, problem-covering news second, then an all-out closure.

I am worried about the potential collateral damage if they do shut down. Bigger companies will be fine, but companies like Monkey Paw won't be as lucky.
Soldierone  +   856d ago
Based on the original source, the company isn't "shutting down" its "becoming something else." Like RAVEN said above, I think they are being bought out.

Another "entity" so they are becoming someone else property. If its going to Xbox or PS3, then that explains why certain titles need to be removed.
crazytown99  +   856d ago
They have an agreement with Ouya too, right?
cgoodno  +   856d ago
Regardless of what happens at the end of the day, I hope no one loses their job.
Sadie2100  +   856d ago
Agreed, but it sounds like that's happening now from the article's update. :(
JBSleek  +   856d ago
Update: Joystiq has reached out for comment as well, getting a similar, yet decidedly more blunt response: "We don't respond to rumors, but of course not." Blunt response or no, we're sure this isn't the last we'll be hearing about this one.
Lifeequals42  +   856d ago
Was never a fan of their business model. Don't enjoy paying for an extended rental or otherwise not owning what you buy.
Dlacy13g  +   856d ago
Update: Kotaku is now hearing from "a source inside OnLive" that there in fact was a meeting this morning where CEO Steve Perlman told the staff that the company was filing for bankruptcy, and that no one would be employed by the current OnLive going forward. We're still researching this story, and will provide more information when we get it.

So Onlive may be filing for Bankruptcy as a protective move but might re-emerge as a new different company? doesn't make sense unless they sold off certain assets ahead of bankruptcy and the new company will take on some employees. Things still not adding up.
Roper316  +   856d ago
Kotaku also said FF VS XIII was cancelled and we know how that turned out, Do you really believe anything you read at Kotaku? Really?
Dlacy13g  +   856d ago
In this instance yes, given other sites are hearing similar odd rumblings at Onlive. And now it appears its not actual Bankruptcy but rather like a restructuring filing similar to bankruptcy but will allow the company to reorganize itself.
Lol_Lmao  +   856d ago
You guys have only yourself to blame for this. You didn't support it.
mushroomwig  +   856d ago
'You didn't support it.'

There was a reason for that. Also, N4G doesn't make up the entire gaming community you know.
ArronC07  +   855d ago
Good, if it goes bankrupt I'm pleased. The sooner the false "cloud/digital only gaming is the future" meme is laid to rest the better.
ChunkyLover53  +   856d ago
They denied closing, but its been reported that they did lay everyone off, which is terrible.

Cloud based gaming just hasn't taken off, I don't know anyone who has OnLive, but I hate to see people losing their jobs, even if its a job that I don't really support. Will be interesting to see how this unfolds.
xyxzor  +   856d ago
Well now we know why Sony didn't go after them. That would have been bad news for them, if this ends up being true.
xyxzor  +   856d ago
@Disagrees.

Blow me.
#12.1 (Edited 856d ago ) | Agree(0) | Disagree(4) | Report | Reply
tachy0n  +   856d ago
i got the feeling microsoft will acquire Onlive to compete with gaikai
#13 (Edited 856d ago ) | Agree(0) | Disagree(0) | Report | Reply

Add comment

You need to be registered to add comments. Register here or login
Remember
New stories
20°

Xbox Countdown to 2015 sale details – Day 7: 22nd Dec

12m ago - Neil writes "Day 7 of the Xbox Countdown to 2015 sale is now with us and it brings the perfect op... | Xbox 360
10°

Official Evolve 'Sessler and the Wraith' livestream now online

12m ago - Evolve developer 2k has published the first Evolve Live livestream online and is now available to... | PS4
20°

Tears to Tiara II: Heir of the Overlord Review - The Digital Fix

26m ago - As one of the more esoteric titles to hit the PS3 in its twilight years, Tears to Tiara II: Heir... | PS3
20°

Grepolis – Peacetime 2014

44m ago - Grepolis would like to extend the festive wish of peace to all men with their “Peacetime 2014″ ev... | PC
Ad

Study Game Design at DeVry

Now - DeVry University, is an accredited* university offering you the flexibility of over 90 locations, online courses and a wide variety of bachelor's a... | Promoted post
20°

World of Tanks – Update 9.5: Now Available

45m ago - World of Tanks Version 9.5 is ready for deployment. This update will bring some big changes as we... | PC