OnLive is toast?

[AlpsStranger]

OnLive seems to be kicking the bucket. I really hate the thought of people losing their hard earned cash and jobs, but I'm glad that OnLive didn't succeed. I really dreaded the possibility, however remote, that I could completely lose control of my software.

The threat of this sort of thing still looms, but I'm glad for at least a temporary stay of execution.

 

[AlpsStranger]

Bump?

 

[Save_Ferris]

I've never heard of it.

 

[Joecoolyo]

^That

 

[squadbroken]

OnLive is one of those ideas that might have worked out great twenty years in the future (or however long it takes to get universally available high-speed/low-latency internet).
I'd pay $15 a month for a video game equivalent of Netflix if it could guarantee latency in the sub-50ms range.

It wouldn't be a replacement for buying games, but it'd be a great replacement for renting them.

 

[cardgame]

It was a great idea but had extremely little exposure and even less acceptance. The abundant LACK of high-speed internet in the US didn't help either, I'm sure.

 

[GoodGame]

Just another distribution scheme really.

 

[wolfigor]

Actually it seems that OnLive made a very questionable move on their employees.
Pretty much fired everybody and dissolved the company.
At the same time all assets of the company have been put together in a new company that is now acquired by an undisclosed buyer.

Many of the fired employees (not all) have been re-hired in the new company but in the process they lost every right they previously had (e.g. equities).

Full article:
http://techcrunch.com/2012/08/17/so...use-to-reduce-liability-prior-to-acquisition/


IMO another good example of corporate screwing employees.