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http://www.shacknews.com/article/76154/onlive-sold-for-only-48-million
After being once valued at $1.8 billion. With a "b", as opposed to the "m" in the title.
The laws of physics are stacked against the service they provide. The sale of the company and new investment won't change that.
Comments
It's still 4.8 million too much.
ROFL 4.8M is somthing that normal people could gather...
Also the laws of physics are not against the general idea, just against OnLive's implementation, Playcast and simmilar companies are doing it over dedicated networks(CableTV) which enables them to have low enough latency, and more bandwidht than what they could actually use since they never actually go trough the internet.
It's available in Israel, Korea, and some other countries and works well, better than what most cable providers used to offer you couple of years ago. Still might never work for competetive Counter Srike or Quake3 games but they are also not aiming at that.
Streaming games over a dedicated network rather than over the Internet from hundreds of miles away is a different concept entirely from what OnLive is trying to do. If you've got a dedicated network for it and aren't having to send signals very far, then it's plausible that it could be good.
I do believe the future of gaming will be very alike to what Onlive offers....
Right now is just too crappy....but give it some years.... TVs will be equiped with that tech in HD