Earlier this week OnLive, the Palo Alto based on-demand gaming company, announced another big infusion of capital from some interesting digital media characters. OnLive‘s potentially disruptive OnLive® Game Service which is rumored to be launching “sometime” in 2010.
Check out the OnLive video demo from GDC 2009 earlier this year.
The participants in the Series C private round were; AT&T Media Holdings, Inc., Lauder Partners, Warner Bros., Autodesk and Maverick Capital. “The funding is much larger than our previous rounds and gives us a serious jolt of rocket fuel as our Beta progresses and we look forward to launching the OnLive Game Service.” said Steve Perlman, OnLive Founder & CEO on OnLive’s blog earlier this week.
Will it work? Are people willing to put yet another device in their home? When will the traditional video game digital media distributors finally wake up and realize all online gaming will be delivered via the “cloud” in the not to distant future? All good questions…
