OnLive, the first major game streaming service, will shut down this month and sell its assets to Sony.
OnLive, one of the industry’s early attempts at cracking the game streaming conundrum, will cease its game services later this month. No subscriptions will be renewed after today and refunds will be made to anyone who renewed theirs after March 28. The service will remain active until April 30.
“Following the termination of the company’s services and related products, OnLive will engage in an orderly wind-down of the company and cease operations,” the company wrote.
The company’s IP and select assets have been acquired by Sony, which include a patent portfolio with “substantial innovations in cloud gaming”.
