ASAP IT Technology Blog

The innovative Cloud-based gaming service OnLive has been acquired by the electronics powerhouse Sony. Once worth an estimated USD$1.8 billion, OnLive went through massive layoffs due to high costs and anemic marketing which pushed the company into bankruptcy. Sony has purchased the company for $4.8 million and is purchasing company assets such as 140 U.S. and international cloud gaming service patents. OnLive will not be renewing any current subscriptions as their operations will cease come April 30. Sony’s purchasing strategy is to purposely shut the company down. Founded by Steve Perlman, an Apple and Microsoft alum, OnLive was the very first game streaming service.

The company provided their customers a way to play visually refined video games without the necessity of purchasing expensive computer hardware. Dubbed “cloud gaming,” the system works via gaming programs that would run on power computers in a server and is broadcasted over the Internet to the customer’s computer or tablet. This system works very similarly to how Netflix streams its videos to television sets. At the company’s peak, OnLive has over 1 million active users with a game library of over 200 titles, all of which are accessible through televisions, PCs, smartphones, and tablets. Sony currently features technology very similar to OnLive. Through their PlayStation family of gaming devices, Sony has built a streaming service using technology that they purchased in 2012 from Gaikai for $380 million. Their service, the PlayStation Now streaming service, was launched in January and provides access to over 100 gaming titles. Sony Corporation is a Japanese multinational company that primarily focuses on electronic products. Listed as 105th on the Fortune Global 500, Sony has over 140,000 employees and has met over 7 trillion yen in yearly revenue. Their product portfolio ranges from electronics, games, entertainment, and financial services and Sony stands as one of the world’s largest manufacturers of electronic products for both consumers and professionals.

Via our proprietary website ASAP IT Technology, ASAP Semiconductor is a leading supplier of Sony products. Prospective customers can browse our inclusive inventory of hard-to-find obsolete and current Sony parts at www.asap-ittechnology.com. If you are interested in a part, please feel free to contact our knowledgeable sales staff at sales@asap-ittechnology.com or +1-714-705-4780 for a quote.

Finally, two Korean leaders have called a truce and made peace with each other. Samsung Electronics and LG Electronics said Tuesday they would bury the hatchet for all existing legal disputes, bringing some tranquility between two of the largest and best known South Korean companies. In Samsung and LG’s joint statement released Tuesday, the companies said they were ending the disputes to focus on improving the quality of their products and their customer service.

The companies resolved to address their disagreements through dialogue and cooperation, instead of resorting to legal action. "Both sides have agreed to avoid legal action and resolve any future conflicts or disputes through dialogue and mutual agreement," the companies said. For years, the two corporate giants had been at war with each other, trying to tear each other down as each grew bigger and bigger, to the point where they both sponsor some of the biggest soccer clubs in Europe. Televisions, home appliances, and mobile phones are both companies’ biggest sellers. The settlement between the two companies was signed on Monday and made public in a statement on Tuesday. Among other disputes, terms of the agreement cover an incident in which Samsung accused LG of vandalizing their $2,700 high-end Crystal Blue washing machines at an industry event in Berlin last September. LG accepted that two machines were damaged, but said it was accidental and a result of poor manufacturing, not something that was done on purpose. While it may not evoke the emotion of a match between Chelsea and Bayer Leverkusen, the companies still ask for leniency from the officials. "For ongoing legal disputes, we will take necessary steps to drop the charges and will ask for leniency from the relevant (law enforcement) authorities,” the statement said.

Via our proprietary website ASAP IT Technology, ASAP Semiconductor is a leading supplier of Samsung and LG products. Prospective customers can browse our inclusive inventory of hard-to-find obsolete and current Samsung and LG parts at www.asap-ittechnology.com. If you are interested in a part, please feel free to contact our knowledgeable sales staff at sales@asap-ittechnology.com or +1-714-705-4780 for a quote.