Gamefly Ends Their Streaming Service

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Gamefly Ends Their Streaming Service
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Gamefly Ends Their Streaming Service
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Three years after launching their streaming service in 2015, Gamefly has chosen to shut it down. Electronic Arts purchased Gamefly’s cloud gaming team earlier this year. EA’s acquisition concerned the technology that allowed users to save their games on the cloud while using the streaming service, and the staff working on that development team. The overall streaming service, however, was not acquired by EA.

Gamefly is a privately owned company, founded in 2002 with headquarters in Los Angeles, California. Although Gamefly filed plans in 2010 for an initial public offering, the decision was later scrapped. This isn’t the first time the multi-million dollar company has found itself in the news. In 2009, Gamefly sued the US Post Office for allegedly favoring the subscription services of Netflix and Blockbuster. The US Court of Appeals eventually ruled in favor of Gamefly in 2013, requiring the US Post Office to change its policies.

Gamefly will still continue to offer its classic service of physical game rental to customers. The system is very similar to Netflix’s early business model of renting DVDs via mail. Now that both XBOX and Playstation are offering services similar to Gamefly’s streaming system, perhaps Gamefly has simply decided to return back to the basics.

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