OnLive has managed to secure a third round of funding from its existing partners, likely pushing it way over $500 million in valuation, and it’s hoping for a ”winter” launch in the US.
Currently the Cloud gaming platform service is in heavy beta testing, and Perlman says OnLive’s goal is to complete the ”last remaining transition” of physical media to digital.
”Over the last decade, we’ve seen an enormous upheaval in the media business as the written word, photos, music, and video have been steadily moving away from physical media to online delivery,” OnLive boss Steve Perlman blogged.
”One major category that still remains largely based on physical discs is fast-response interactive media - in particular, video games. And, of course, OnLive’s goal is to enable that last remaining transition.” Perlman has told VentureBeat that a ”winter” launch is likely.
How OnLive worksSource: VG247
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