Sony Computer Entertainment is buying various assets of OnLive, including 140 US and international patents for cloud gaming services. Onlive will be shutting its operations on April 30. The company is not renewing any subscriptions, and users whose subscriptions renewed on or after March 28 will be refunded. Also Read - Sony PlayStation 5 games launching in Aug, Sept that we are excited to play
OnLive says that the OnLive Game Service, OnLive Desktop and SL Go (Second Life) will all be available until April 30. According to TechCrunch, OnLive’s patent portfolio alone was estimated to be worth hundreds of millions of dollars, although it’s not clear whether the company was able to achieve that price because terms of the deal with Sony are not being disclosed. Also Read - Sony sold over 10 million PlayStation 5 units; now among the fastest selling game consoles
Sony confirmed the deal and said the purchase opens great opportunities for their gamers and gives Sony a formidable patent portfolio. Also Read - Sony PS5 to be restocked on July 26 in India
OnLive was founded more than a decade ago by Apple and Microsoft alum Steve Perlman. It was built to offer customers a way to play visually sophisticated video games without having to own expensive computing hardware.
The way it worked was through a technology called “cloud gaming,” where gaming programs would run on powerful computers in a server, and the images would be broadcast over the Internet to a gamer playing on a tablet or computer.
After five years of uninterrupted service, the OnLive Game Service will be coming to an end. Sony is acquiring important parts of OnLive, and their plans don’t include a continuation of the game service in its current form. Your service should continue uninterrupted until April 30, 2015. No further subscription fees will be charged, and you can continue to play all of your games until that date.
As the first-ever game streaming service of its kind, everyone who has ever played a game using OnLive has contributed to the technology and its evolution in some way. We’re immensely proud of what’s been achieved and extend our heartfelt gratitude to you for being a part of the OnLive Game Service.
Thank you from all of us at –
OL2, Inc. (aka, OnLive)