170°
Submitted by Sadie2100 614d 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  +   614d ago
Disgruntled employee?
roblef  +   614d ago
But it doesn't confirm it won't be laying off tons of staff. It's misdirection.
Dlacy13g  +   614d 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  +   614d 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 614d 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  +   614d ago
hmm. we should get a better picture soon. they'll have to address larger questions
R_aVe_N  +   614d ago
I think they are being bought out and just haven't announced who is buying them out.
Caligula  +   614d 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  +   614d 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  +   614d ago
They have an agreement with Ouya too, right?
cgoodno  +   614d ago
Regardless of what happens at the end of the day, I hope no one loses their job.
Sadie2100  +   614d ago
Agreed, but it sounds like that's happening now from the article's update. :(
JBSleek  +   614d 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  +   614d 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  +   614d 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  +   614d 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  +   614d 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  +   614d ago
You guys have only yourself to blame for this. You didn't support it.
mushroomwig  +   614d 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  +   613d 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  +   614d 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  +   614d 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  +   614d ago
@Disagrees.

Blow me.
#12.1 (Edited 614d ago ) | Agree(0) | Disagree(4) | Report | Reply
tachy0n  +   614d ago
i got the feeling microsoft will acquire Onlive to compete with gaikai
#13 (Edited 614d ago ) | Agree(0) | Disagree(0) | Report | Reply

Add comment

You need to be registered to add comments. Register here or login
Remember
New stories
10°

Blackwell Epiphany Review | Hardcore Gamer

3m ago - Hardcore Gamer: Wadjet Eye Games’ Blackwell series has developed an amazing following over the ye... | PC
30°

Dark Souls 2 PC to unlock early, 24 April at 3pm Pacific

15m ago - Namco Bandai has bumped up the time Dark Souls 2 will unlock on Steam. Previously, the release an... | PC
10°

Steamfirst Review: Constant C

34m ago - SteamFirst: Constant C is a puzzle platformer available on Steam for $10. You make your way throu... | PC
20°

Scourge: Outbreak Review | NoobFeed

34m ago - From the review - The recipe for Scourge: Outbreak sounds promising, but at some point this recip... | PC
Ad

Start Making Games for the PS4

Now - Want to design the next generation of video games? Start learning game design today. Click for more info on how to get started. | Promoted post
40°

Skylanders Trap Team - first screenshots

52m ago - Activision released the first screenshots from Skylanders Trap Team. | Wii