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: GamePolitics.comBritish Telecom Funding OnLive in Europe
By james_fudge
The Inquirer reports that British Telecom will provide funding for OnLive's operations and expansion into the European market. In case you've been living under a rock in the last year or so, OnLive is an broadband dependant, on-demand video game service that uses cloud technology to stream game content to consumers for a subscription fee.
BT will take a 2.6 percent stake in OnLive and have exclusive right to bundle the Onlive game service with its broadband services in the United Kingdom. Obviously OnLive will get an undisclosed amount of cold hard cash. OnLive has data centers in Wales and has been testing its service in the United Kingdom, Italy, Scandinavia, Spain and other European countries.
Some obligatory quotes from the principles on the deal: Read More
Full post as published by GamePolitics.com on May 13, 2010 (boomark / email).
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