French start-up company Blade and Shadow, its cloud gaming service, were acquired Octave Klaba’s fund following a commercial court order. Klaba is best known as the founder of OVHCloud, a French cloud-hosting company. The organization is being acquired through his Jezby Ventures investment fund.
Shadow is a cloud gaming service accessible to individuals that pay a monthly subscribers fee. Blade, the developer of Shadow, allows users to install any software they want to have access to additional games on various devices.
Subscriptions for the service currently go for €12.99 per month in Europe and $11.99 per month in the United States. At this time, it is unclear if Shadow will remain available at these price points.
Back in March, the company that created Shadow filed for bankruptcy in the United States and receivership in France. This news came after Shadow released a blog post stating that the company was undergoing a reorganization effort “… to get rid of the debt it had amassed building its cloud gaming platform in several countries.”
The Profit‘s Take:
This is an unfortunate end for Blade. Shadow was really the only cloud gaming product that made some sense. I have serious doubts that we will see it return to market in any meaningful way following this acquisition, but as with all cloud gaming failures, maybe there are learnings to be had for future entrants.
(All information was provided by TechCrunch, TechRadar, and Gizmodo)
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