Onlive Bankrupt

[Snailface]

Today Onlive is laying off its staff and declaring bankruptcy. Shocking news, but many sites are reporting it. It is also reported the service will probably be acquired by a new company and continue operations, so don't panic if you are a subscriber. Do panic if you're an investor.

Source
Source

 

[emigre]

So they're not onlive anymore?


TAKE THAT GAHARS!

 

[Wabsta]

Oh damn, I was just going to try it on my little brothers tablet since he won't be able to pay for a gaming PC. Oh well..

 

[Deleted member 473940]

I am not surprised to be honest.
We are simply not at that level yet..

 

[Deleted_171835]

¯\_(ツ)_/¯

And this is why I won't buy games from these cloud services. They shut down and all your games are gone.

 

[KingVamp]

So they're not onlive anymore?


TAKE THAT GAHARS!

Yeah, they are offdead.

Is this News creditable?

 

[Arras]

Looks like Onlive didn't live on.

 

[yuuna]

OnLive: "We Are Not Going Out Of Business"

http://www.forbes.com/sites/jasonevangelho/2012/08/17/onlive-we-are-not-going-out-of-business/

 

[Fear Zoa]

That really sucks for all the people who bought games on there.

This is why I still prefer physical media with no drm...because that will always work.

 

[EZ-Megaman]

They shut down and all your games are gone.

It is also reported the service will be probably be acquired by a new company and continue operations, so don't panic.

So no, people still have their games.

 

[Tom Bombadildo]

Glad I only rented games from Onlive.

But it seems they aren't going out of business, so that's good I suppose.

 

[Snailface]

I've always wondered how they could afford putting top-notch gaming tech on a server and have it available for each and every subscriber for a tiny monthly fee. I guess the answer is that they couldn't. Maybe it was the bandwidth cost that killed them, who knows.

 

[Coto]

I kinda prefer MY hardware running games. Not being streamed off somewhere.

Spoiler

Offlive

 

[Vanth88]

It's kind of funny if you think about it considering I just posted 2 things about how they'e giving away free indie games. Still... the onlive service is still up so that says something.

 

[raulpica]

I was expecting this news from months. OnLive's business model couldn't possibly allow them to turn to profit, considering the MASSIVE costs the entire infrastrcuture needed.

 

[Snailface]

OnLive: "We Are Not Going Out Of Business"

http://www.forbes.co...ut-of-business/

Article updated.

[UPDATE 1: A source familiar with the matter has told Kotaku that OnLive is preparing to file for bankruptcy.]
[UPDATE 2: Gamasutra reports that an internal source has confirmed mass layoffs inside OnLive.]

 

[Quietlyawesome94]

They're OnLifeSupport.

 

[Clarky]

poor guys, great idea really, just far too immature to work right now

 

[notmeanymore]

I bet they filed bankruptcy just so all these puns would happen.

 

[emigre]

I bet they filed bankruptcy just so all these puns would happen.

I have a lingering suspicion, Gahars has played a role in Onlive's bankruptcy.