OnLive discusses the future after the buyout

Steve Perlman to stay on as CEO

Chris KempAugust 26, 2012

A little over a week ago, we saw cloud gaming service OnLive collapse. Rumours ran rampant that everybody was fired and the company essentially was being shut down, followed by new information that an anonymous buyer would be acquiring all the assets and continuing the service, but making hefty staff cuts.

We now know that that anonymous buyer is Gary Lauder, an investor-turned-buyer who has acquired the company and laid off about half of the staff. CEO of the company, Steve Perlman, will continue on as CEO, OnLive have said in a statement about the future of the company.

“Steve continues as CEO and is currently concentrating on the transition; once this is complete, he’ll be very focused on our next product releases and the vision.

“There will be changes to the organisation both with old and new OnLive staff that will be bringing new features and games to the service. There will be more announcements – both large and small, such as the arrival of the Vizio CoStar and the Ouya Kicktarter project, and stay tuned for major announcements coming soon.

“Gary invested in OnLive because he sees OnLive as the future of gaming, computing and media delivery, he recognizes just how big an idea it is, and is standing firmly behind it. With OnLive on solid financial footing, we see great things ahead.”

“Instead of ‘game over,’ we will take this to a higher level.”

The failure of OnLive has led many to question the future and viability of cloud gaming, a service which looks great on paper but has never really taken off.