Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
June 19, 2019
arrowPress Releases
If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Report: Filings Indicate $1.1B OnLive Valuation

Report: Filings Indicate $1.1B OnLive Valuation

August 5, 2010 | By Kris Graft

August 5, 2010 | By Kris Graft
    Post A Comment
More: Console/PC

Recently-launched streaming PC game company OnLive is one to watch, with a hefty valuation of $1.1 billion following new investments from BT and Belgacom Group, according to a new report on Venture Beat.

While OnLive has only been available to the public for under two months, the market valuation indicates a substantial interest in services that could disrupt the current packaged video game and home console model.

VCExperts analyst Justin Byers told Venture Beat that the $1.1 billion valuation is likely accurate, judging by figures in publicly available regulatory filings. OnLive isn't commenting on the report.

OnLive, founded by internet entrepreneur Steve Perlman, was revealed in 2009, and launched to the U.S. public in mid-June this year. Prior to its unveiling, the company said it was running in stealth mode, developing the technology for the previous seven years. BT and Belgacom plan on launching OnLive in Europe.

Players sign up for the service and can pay a price typically equivalent to an MSRP for unlimited use of a title. They can also buy three- and five-day play passes for a few dollars.

The reason that OnLive could be a potential disruptive technology is because the service allows users to run high-end PC games locally from remote datacenters -- players don't have to install the game onto their hard drive, and can select and play games from a browser. It circumvents retail and is not confined to a proprietary game console.

OnLive has also attracted major publishers, and offers an up-to-date library of games including Assassin's Creed 2, Batman: Arkham Asylum and Lego Harry Potter: Years 1-4.

Other companies are getting into streaming gaming services, including cloud-friendly firms like Gaikai, InstantAction, Otoy and GameStreamer.

Related Jobs

Yacht Club Games
Yacht Club Games — Marina del Rey, California, United States

Marketing / Community Manager
Behaviour Interactive
Behaviour Interactive — Montreal, Quebec, Canada

Senior Game Designer
Disbelief — Chicago, Illinois, United States

Junior Programmer, Chicago
Disbelief — Chicago, Illinois, United States

Senior Programmer, Chicago

Loading Comments

loader image