Report - OnLive worth $1.1 billion

According to a report from VentureBeat, cloud gaming firm OnLive is worth $1.1 billion.

The service launched back in June in the US, with no hiccups apparently.

A European launch is expected next year, following investments by BT in the UK and Belgacom in Belgium earlier this year.

OnLive itself isn't commenting on the figure, which was found in a filing in Delaware.

Still, big money. Big.

Via Big Download.