HTC to invest $40 million in OnLive gaming service

By on February 8, 2011
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Investment to help boost games on smartphones.

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Quite interestingly, HTC has said that it will invest in OnLive, a cloud-based gaming service that launched earlier this year. Reuters reports that the mobile manufacturing company is to buy 5.33 million preferred shares in the U.S company for $39 million.

HTC said the investment will help “strengthen its gaming capabilities and help HTC tap into increasing demand for games on smartphones.” The investment could mean that future HTC models, maybe decked up with latest hardware, may feature OnLive capabilities. Of course, this would require games to support touch controls, which CEO Steve Perlman had said earlier last month the company is continuously working on. He had also said that tablets that support external game controllers can also use the service normally as well.

OnLive has so far failed to garner attention from gamers, largely due to its subscription cost, lack of features and the hard requirement of a fast, stable Internet connection. However, we can see the service doing well in a smartphone/tablet environment though the issue of having a fast Internet connection still remains.

HTC also announced it had acquired British digital multimedia delivery technology company called Saffron Digital for $48 million.

“Saffron Digital has developed an incredible expertise in mobile multimedia delivery. This ability to deliver optimised content in the future will be a key asset as content becomes more and more complex and localised,” said HTC Chief Executive Peter Chou in a statement.

Source: Retuers.


Mufaddal Fakhruddin is the Editor for IGN ME and thinks writing in third person about himself in an about me section is weird.

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