OnLive gaming service will shut down April 30th following Sony acquisition

Sony is acquiring the remaining patents and assets that belong to OnLive, the popular game streaming service. Unfortunately Sony’s plans with the service don’t include any continuation of the gaming platform, so OnLive as a whole will be shut down on Thursday, April 30th.

The OnLive team explains:

After April 30, 2015, our data centers will shut down and the service will be offline. All accounts will be closed, and all data deleted including game save data, achievements, and credit card data will be deleted. If you purchased a Steam game from OnLive, that game will still be available on Steam. No refunds will be available for any game purchases, hardware purchases, or subscriptions.

OnLive won’t be collecting any more subscription fees, and you’ll be able to play all of your games until the 30th rolls around.

This should come as no surprise for people familiar with the service. OnLive has experienced a number of financial troubles in the past. After building up nearly $30 million in debt, the gaming service was bought out for $4.8 million by investment group Lauder Partners. After the big company restructure in 2012, the only big news that came from the service was the introduction of its could-based enterprise in 2014.

In the same year that OnLive went through its financial troubles, Sony bought Gaikai, OnLive’s main competitor, for $380 million. Sony eventually rolled out Gaikai’s features into what’s now known as Playstation Now, so it’s safe to say that we’ll see a few familiar OnLive features make their way to Playstation Now in the future.