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OnLive Bolsters New Funding Funding From AT&T, Warner, And Others

by Tim Turi on Sep 30, 2009 at 05:45 AM



OnLive, the in-development digital-only gaming platform, hasn`t been in the spotlight much recently. That could be for good reason, however. The company has apparently been busy securing a large slice of financial support from some very interested investors.

The nice chunk of change comes from AT&T Media Holdings Inc, Luder Partners, Warner Bros., Autodesk and Maverick Capital. OnLive is describing the monies received from the companies as "rocket fuel" to spur along OnLive`s Beta process.

OnLive seems very determined to change the retail face of the industry, with the elimination of physical media being the overarching goal. The securing of these heavyweights' funds solidifies the fact that other influential players want to see this happen, also.

Ready or not, it appears OnLive is on its way.