OnLive Receives $40M Strategic Investment from HTC
Summary
OnLive, Inc., a Palo Alto, CA-based developer of on-demand, instant-play video games, has received a $40m strategic investment from the Taiwan Stock Exchange-listed listed phone maker , a Palo Alto, CA-based developer of on-demand, instant-play video games, has received a $40m strategic investment from the Taiwan Stock Exchange-listed listed phone maker HTC Corporation Harnessesing cloud computing, OnLive delivers premium game titles to any HDTV via the OnLive Game System or nearly any PC and Mac via a small browser download.The OnLive Viewer app is available for the iPad and is to be released for Android tablets.The company is backed by Warner Bros., Autodesk, Maverick Capital, AT&T, British Telecommunications (BT) and The Belgacom Group.Commenting on the investment, Peter Chou, CEO of HTC, said: “HTC and OnLive share a similar goal for expanding connected cloud-based gaming by making it wireless and location-independent”.OnLive Founder and CEO Steve Perlman added that “OnLive’s cloud gaming technology will turbo-charge HTC mobile devices with directly playable console-class video game performance”.