London – U.K. telco BT announced on Thursday that it has acquired
a 2.6% stake in OnLive, a PC-based video game streaming service that it will
launch in the U.K.
The deal comes before the U.S.
launch of San Francisco-based OnLive, scheduled for June 17, during the E3 Expo
in Los Angeles.
For $14.95 per month, OnLive will offer unlimited access to "high-end,
new-release, instant-play game content without the need to purchase expensive
PC gaming or console systems."
"The partnership with OnLive
complements our existing BT Vision service," said Gavin Patterson, CEO of
BT Retail. "It’s great for our customers — they’ll have access to a huge
catalogue of games, available instantly on their TV or PC without expensive