onlive-saleAll good things must come to an end, and while that is a universal saying, one should also take note that even not so good things, too, do come to an end, and the latter does provide a sense of relief along the way as well. We bring you word that the OnLive video game streaming platform has recently announced that it will be shutting down operations before April is over. Apart from that, OnLive will be handing over its patents to Sony’s PlayStation division through a sale.

It looks like the gaming industry’s maiden and serious attempt at cloud streaming has not proven itself to be the kind of success that it initially envisioned to be, and it does look as though there will be no new subscriptions to be put up on offer from today. As for Sony’s acquisition of OnLive’s intellectual property, the agreed fee remains a secret between the two companies, although one cannot help but wonder whether Sony might want to make use of these newly acquired patents to boost its very own PlayStation Now cloud streaming platform that is currently powered by the Gaikai company which was picked up by Sony three years back for a cool $380 million.

Filed in Gaming. Read more about and . Source: trustedreviews

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