Not too long ago we first heard of OnLive a company that promised a whole library of games that would be hosted remotely which you could then play on your TV. At the time, such an idea seemed rather farfetch’d considering the latency issues behind the whole operation but now it seems like a much more viable idea.

The company has recenty announced that they have secured funding from Autodesk, AT&T, Warner Brothers, Lauder Partners and Maveric Capital and hope to launch OnLive sometime this winter. CEO Steve Perlman seems to think OnLive’s digital distribution game model is the future and comments:

“Over the last decade, we’ve seen an enormous upheaval in the media business as the written word, photos, music, and video have been steadily moving away from physical media to online delivery.”

Read (GI.biz)