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Once Valued at $1.8B, OnLive Was Sold For Only $5M
gabebear writes with details of what happened to OnLive back in August: "In a firesale, OnLive, which was once valued at $1.8bn, was sold for practically nothing. Workers are mostly losing their jobs and stock options and investors are having to write off their investment."
More details.
Sure, but their whole basis was that they were streaming it from the Cloud.
Why if I have a 20gb BW cap would I stream HD content when I could go buy the game on DVD and play it locally?
OMG you know what this means?! They FINALLY realized that you can't stream 60FPS video streams of 1920x1080 over the internet!
They may have even discovered that gamers don't tolerate an internet connection level of input delay in their games! And that serious gamers want to own their own gear! And that gamers do other things than games on their computer so they own a faster computer anyway! And that rendering a 1920x1080 video stream locally also takes a fast computer!
they didn't realize that yet. they realized that they can transfer the valuable assets for pennies on the dollar to an entity they control while screwing the other investors and employees out of their shares.
the ceo(and most of the board) were assholes and still are, simple as that.
world was created 5 seconds before this post as it is.