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OnLive aquired $16.5M in VC funding in 2007, some from Warner Brothers

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Way back on October 31st, 2007, VentureBeat reported that OnLive Inc. (note: the name OnLive was being used as early as 2007) received $16.5M worth of venture Capital money from backers including Maverick Capital and Warner Brothers.

The fact that WB funded them is especially intriguing when you consider the widely accepted notion that if Rearden Studios’ technology works how it is supposed to, it will have an impact far beyond gaming.  While Warner Brothers does have a gaming division, it is of course more of a media company.  Does this possibly hint at a future interest in OnLive as more than a gaming platform?  It seems likely.

This is some of the first concrete evidence we have linking OnLive to potential partner companies outside of the gaming space.

[Via VentureBeat]

by: Jonathan Downin
Apr 08th 2009 @ 11:57 pm (EST)

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2 opinions, get in there!

OnliveFans.com

April 9th, 2009 at 10:41 am

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And many people believe that a larger company like Microsoft, Sony, or Google will buy them out. It will certainly be interesting to see what happens with the future of this company.

1

Jonathan Downin

April 9th, 2009 at 2:01 pm

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Definitely. The anticipation for some kind of announcement leading up to E3 will be a killer.

2

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    • Jonathan Downin: Interesting points. Macroblocking does seem to be a bit of an issue, but I am mainly focusing on SD streaming here and there may be less of a problem
    • Tahiri: "but all eyes-on reports seem to point to the fact that OnLive’s is very good" No they don't. I've read many complaining of macroblocking, which
    • Jonathan Downin: Definitely. The anticipation for some kind of announcement leading up to E3 will be a killer.
    • OnliveFans.com: And many people believe that a larger company like Microsoft, Sony, or Google will buy them out. It will certainly be interesting to see what happens

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