OnLive's new owner says in a post that the cloud gaming company once again has forward momentum.
The deal shows that OnLive is still evangelizing cloud gaming.
Some LG Smart TV owners can now play console-quality games without a PlayStation 3 or Xbox 360.
Despite $40 million in investment from big companies, OnLive was worth much less than that in the end.
Steve Perlman, the brilliant but difficult founder of OnLive, has been ousted from the company he created.
Flingo, one of the largest smart TV app publishers, has received another $1 million in funding from entrepreneur Mark Cuban, bringing its total first round to $8 million.
As the company tells it, Cuban first learned about Flingo while strolling …
![OnLive founder and CEO Steve Perlman ousted [updated]](http://venturebeat.files.wordpress.com/2012/08/steve-perlman1.jpg?w=160&h=140&crop=1)
