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OnLive gets $40 Million investment from HTC

Written by Andre Yoskowitz @ 10 Feb 2011 9:20 User comments (6)

OnLive gets $40 Million investment from HTC HTC has invested $40 million in cloud video gaming service OnLive, in an effort to strengthen gaming capabilities on smartphones (and likely tablets).
The Taiwanese company has quickly become a very profitable smartphone maker, bringing in $500 million profit for the last quarter, alone, on revenue of $3.6 billion.

HTC was the phone maker behind the first-ever Android device, the T-Mobile G1 and has increased its lineup significantly since.

CEO Peter Chou said earlier this year it wants to use its $2.5 billion it has in cash to boost "strategic investments" in digital content, and it appears, cloud-computing.

Earlier in the week, HTC invested in Saffron Digital, a mobile and Web-based media company.

More details of the OnLive investment are upcoming at the MWC next week.

Tags: HTC Smartphones Investment OnLive
<Blockbuster in talks to sell itself? >Nokia close to deal for Windows Phone 7
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6 user comments

111.2.2011 04:26
stuntman_
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this is awesome news, if they could get console like graphics streaming at high speeds to smartphones this could really take off

212.2.2011 09:33
emugamer
Inactive

Console-like graphics on a phone will not take off any time soon. Not with carriers throttling bandwidth for the top percentage of heavy users. I think HTC is just making a smart investment the future of gaming. Onlive may be one of the big console alternatives in the years ahead. Hasn't really picked up yet, but who wants their console stripped of its security and what devs want their games pirated?

This message has been edited since its posting. Latest edit was made on 12 Feb 2011 @ 9:34

312.2.2011 13:24
blueboy09
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Senior Member

Originally posted by stuntman_:
 this is awesome news, if they could get console like graphics streaming at high speeds to smartphones this could really take off
Yup, this is definitely exciting man. I absolutely love the idea of console-like play, but you know damn well that the telco companies would take advantage of this as much as they could. A $2000+ bill is not out of the question, especially if they used tiered pricing (5GB for a certain price or even 10GB for a certain price), and you I'm thinkin loads of GBs, it would eat that alive though. Unlimited date plan, please!!!!

412.2.2011 15:44
AKing123
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Newbie

Those are lies, lots of smart phones have now unlimited data plan for 30$-50$ a month now including the I-phone and Black Berry so if onlive moves to mobile play its gonna be a crazy hit and they'll probably make billions a year alone

513.2.2011 08:46
emugamer
Inactive

Originally posted by AKing123:
 Those are lies, lots of smart phones have now unlimited data plan for 30$-50$ a month now including the I-phone and Black Berry so if onlive moves to mobile play its gonna be a crazy hit and they'll probably make billions a year alone
If that happens, I'll buy you a virtual cheeseburger.

615.2.2011 15:34
IguanaC64
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More and more cell providers are capping their transfers...a lot of times it's only in the small print that they tell you this.

Let us know what providers are still unlimited. I'm fairly sure Sprint still is, but I haven't gone digging for small print lately...

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