DroidForums.net is the original Verizon Android Forum! Registered Users do not see these ads. Please Register - It's Free!
Results 1 to 6 of 6
Like Tree1Likes
  • 1 Post By jstafford1

Thread: More Tough News? HTC Will Lose its $40 Million Investment in OnLive Restructure

  1. Editor in Chief
    dgstorm's Avatar
    Member #
    154790
    Join Date
    Dec 2010
    Posts
    6,331
    Liked
    2056 times
    Phone
    Enter Current Phone Model Here
    Premium Member
    #1

    More Tough News? HTC Will Lose its $40 Million Investment in OnLive Restructure


    I guess that old saying, "when it rains it pours," is true for HTC right now. Not only have they been having quite a bit of financial trouble because of losing traction in the Android smartphone market, but now it looks like they will be losing another $40 Million dollars in an investment deal that went bad. What's extra interesting about this news today, is that it reveals something that not too many people knew about. Apparently, HTC didn't just invest heavily into "Beats Audio." They also invested $40 Million dollars into OnLive Gaming, the struggling cloud-based streaming gaming service company. Things aren't going so well for OnLive at the moment, and HTC will end up losing their investment.

    The problem is that OnLive can't seem to garner enough interest to start generating any profit beyond their expensive operating costs. Because of this, they are having to perform a financial restructuring, that was one step shy of bankruptcy. OnLive has now come under new ownership, and because of this restructuring, HTC has effectively thrown away their $40 Million investment. Ouch! That's gotta sting.

    Still, HTC has the capability and potential to pull themselves out of this tail-spin. We will just have to see if a future product can bring the company back from the brink.

    Source: HTCOneForum via Engadget
  2.  
     
     
     
  3. RS Admin
    jstafford1's Avatar
    Member #
    4777
    Join Date
    Nov 2009
    Location
    Hebron, Oh.
    Posts
    9,060
    Liked
    412 times
    Twitter
    jstaff79
    Phone
    D-R-O-I-D 3
    Premium Member
    #2
    Kinda makes you think twice about the "quietly brilliant" slogan 0.o

    Sent from my DROID3 using Tapatalk 2
    xeene likes this.
  4. Droid Sensei
    tgyberg's Avatar
    Member #
    16974
    Join Date
    Dec 2009
    Location
    Minneapolis, Minnesota
    Posts
    3,751
    Liked
    712 times
    Phone
    D1/DX/DB/Nex/Note2
    #3
    HTC has the same story that a bunch of broke former pro athletes have!
  5. Droid Ninja
    johnomaz's Avatar
    Member #
    87119
    Join Date
    Jul 2010
    Location
    Central Valley, California
    Posts
    2,256
    Liked
    395 times
    Phone
    HTC One M8
    #4
    Rip htc.
    -------------------------------
    • • • HTC One M8 • • •
    -------------------------------
  6. Master Droid
    djsiva's Avatar
    Member #
    107549
    Join Date
    Aug 2010
    Location
    Jacksonville, FL
    Posts
    353
    Liked
    48 times
    Phone
    D1,DX,TB,DB,GNx,GS3,GN2,GS4,N3
    #5
    Say hello to the new Nokia.
    Nate
    -------------------------------------------
  7. jasonwuzthere's Avatar
    Member #
    54688
    Join Date
    Apr 2010
    Posts
    70
    Liked
    1 times
    Phone
    Moto Droid
    #6
    Onlive was way too far ahead of their time, IMO. A lot of the US can't even get 5mbps download speeds, especially with a playable ping. Even if they can, they're probably sharing it with others in the house that also use the intrnet for Netflix, Youtube, etc, that could really hamper performance/playability. HTC was kinda smart to get in on it, though. If it had somehow made it a simple port could have had all your games from home instantly able to be picked up on a tablet.

Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Replies: 5
    Last Post: 07-29-2012, 09:07 AM
  2. Replies: 2
    Last Post: 12-07-2011, 09:08 PM
  3. HTC invests $40 million into OnLive
    By aRsTwiX in forum Droid Forums Member News Depot
    Replies: 2
    Last Post: 02-08-2011, 01:44 AM
  4. Angry Birds: 1 Million Downloads in 1 Day [News Example]
    By JimMariner in forum Droid Forums Member News Depot
    Replies: 0
    Last Post: 10-17-2010, 10:58 PM
  5. Replies: 9
    Last Post: 07-29-2010, 10:41 AM
Find us on Google+