Cloud gaming service provider OnLive streaming Media VOD

Beijing time December 7 afternoon news, Cloud video game service provider OnLive announced plans to launch streaming media films and video-on-demand services to challenge the field giant Netflix. OnLive is a start-up enterprise that has just been set up this year, with the main business of providing gaming services through cloud technology. Players only need to install a box on their own TV set to run video games directly on OnLive servers. Some analysts believe the business could threaten Microsoft's Xbox 360 and Sony's PlayStation and other traditional video games. OnLive said they are negotiating with television and film production companies and are expected to formally launch their services after the year. OnLive CEO Steve Palman Steve Perlman said, "video producers are very willing to provide content, we have to do is to build distribution channels." "But Perlman declined to disclose the price of the service. At present, the VOD market is mainly occupied by Netflix, its main business includes online video rental and streaming video on demand. OnLive's launch of streaming services will put a huge competitive strain on Netflix, as investors behind OnLive include the upstream companies such as Time Warner and telecoms giant At&t. But Perlman said that video games will also be OnLive's main business, because the game's profit is higher. (Chin Liang)