On-Live! Gaming service going *PIFFLE*??

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Shawn Delahunty
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Earlier today, Aug-17-2012, every single On-Live! employee received their pink slips. While there are rumors and as-yet-unverified reports that a restructuring is planned, it seems that the question of "Do you really own your games?" is going to be answered soon. Per the terms of service, there are no conditions provided for accessing/downloading your games from On-Live! in the case of company bankruptcy.

More information on Forbes:

http://www.forbes.com/sites/erikkain/2012/08/17/onlive-denies-shutting-d...

I'm wondering how this will all play out. It makes me sad, since the market really needs more than Steam, PSN, WiiWare, and XBLA....

I don't have an On-Live! account (though I was considering getting one recently) and wondered if anyone who has one has received any explanatory Emails yet.

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TripHamer
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perhaps.....
clok1966 wrote:

Im just trying to understand who a working system (even one losing cash) is worth 4.8 and Gaikai is worth 380? I understand Sony has money, but the games devision hasnt posted or broke even till just recently.. 4 years of losses for the devision that was over 60% of Sony's profits.. I guess makeign the PS4 stream games might be the way of the future.. but I still stand by me "we are 5 years at least off" thinking.. at least for a mass used by anybody system. I guess ite better to lock in patents and tech early if it the way things are moving. (MS has bought a start up that was doing this type of stuff too, forget name, they never got past demo's, but it impressed MS enough to buy it).

I would guess that the technology and any patents associated with it are worth the money....or at least not letting a competitor get it.

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Paul H
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Joined: 10/11/2011
I probably read the same

I probably read the same article as clok this morning...

http://www.mercurynews.com/business/ci_21735364/onlive-assets-palo-alto-...

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clok1966
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Joined: 01/21/2009
4.8 million

Well it sounds like it was sold as assets for 4.8 million. and now its called OL2 (sounds like the service will keep going for awhile).. amazing.. OnLive was actually doing some thing and its rival Gaikai who is really an Un known in the US sold for 380 million about 2 months ago....WOW! OL2 got everything, name, rights, assests, etc.. wont be any red tape to keep service going, and with what sounded like a 18 million debt erased (onlive was hemoraging millions a month it sounds like) the new company shouldbe on pretty Solid ground to keep going. BUT!!!! defualting on 18 million, most of which Im sure was going to royalties and Servers.. who is going to add new games and run servers for a company that failed and stiffed um once? Even if its a whole new set of people running it?

Im just trying to understand who a working system (even one losing cash) is worth 4.8 and Gaikai is worth 380? I understand Sony has money, but the games devision hasnt posted or broke even till just recently.. 4 years of losses for the devision that was over 60% of Sony's profits.. I guess makeign the PS4 stream games might be the way of the future.. but I still stand by me "we are 5 years at least off" thinking.. at least for a mass used by anybody system. I guess ite better to lock in patents and tech early if it the way things are moving. (MS has bought a start up that was doing this type of stuff too, forget name, they never got past demo's, but it impressed MS enough to buy it).

Wish i had millionair pocket change.. i could have had my own game company. that 4.8 million figure for Onlive Lock stock and barrel is just blowing my mind..

Bill Loguidice
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Thanks, Clok

It worked, though I had to click from the Facebook page: https://www.facebook.com/OnLive

I got for free:

Dear Esther
Defense Grid Gold
Lume
POP: Methodology Experiment One

These are the other games I own on the service, plus I have the monthly subscription with the rotating selection of free games:

Osmos
F.E.A.R. 3
Braid
Borderlands
Trine
Duke Nukem Forever
Deus Ex: Human Revolution

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clok1966
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Joined: 01/21/2009
those of you with onlive,

those of you with onlive, seen this on andtech (free games) no idea if it works or for how long--- if it does check the free stuff thread at Anandtech, there are more (at least one)------

YOU HAVE TO USE THE LINKS PROVIDED, THESE CODES DO NOT WORK IN THE APP!

https://www.facebook.com/OnLive

To redeem your codes:

1. Follow the links based on your region
a. United States: www.onlive.com/indieredeem/US2FORND
b. United Kingdom: www.onlive.co.uk/indieredeem/UK2FORND
c. Belgium: www.onlive.be/indieredeem/BE2FORND

2. Follow the instructions on the code redemption page to redeem your first game

3. Click the “Redeem another game” link to redeem your second game

Warning: These codes will not be redeemable in the OnLive application. They are only fully redeemable through the links provided.

For complete details visit: http://blog.onlive.com/2012/08/17/in...twice-as-nice/

Enjoy!

clok1966
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Joined: 01/21/2009
seems the translation was

seems the translation was close (how do people in a country 1000's of mile away alwasy scoop the people in the actual country by weeks?)
http://www.theverge.com/2012/8/22/3261776/onlive-30-40-million-debt-joel...

pass that debt to us YES! and just start over.. its the american way!

clok1966
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Joined: 01/21/2009
Last i read they had way

Last i read they had way below the minimum to stay operational and have been shopping for backers and worst case buyers... well seems worst case has happened.. *translated from a video game rumor site in japan* I wonder if the new company can find a way to grab the % they even need to stay afloat (if rumors art true)? I would guess its not that bad if people are buying it.. but I do wonder what its doing, subscriber wise. I never did get one even with the "free" offer.. wish i had taken a look.. maybe still will sometime

Bill Loguidice
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OnLive employees will have

OnLive employees will have stock replaced, but the future remains murky for streaming company: http://penny-arcade.com/report/editorial-article/onlive-employees-will-h...

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Paul H
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Joined: 10/11/2011
It's certainly slimy to lay

It's certainly slimy to lay everybody off before hiring some of the back, but it is the standard business practice when a smallish company gets purchased. It's good a hear that a least some of these people will get their jobs back and that the service isn't getting interrupted for the customers.

I was an intern at an office where everybody got laid off in 2003(?) and it happened to be April 1st. After the announcement one of the engineers asked, "Just to be sure; this is not an April fools joke right?"

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David Barbour
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Joined: 04/05/2012
Interesting read

Interesting read

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