Infinium Labs Sets Launch for Phantom Console

[DC09]

LOS ANGELES (Reuters) - Infinium Labs Inc., the long-secretive video-game company, on Monday took the wraps off of its Phantom gaming console and service, setting a Nov. 18 launch for the system designed to play conventional PC games on televisions.

Sarasota, Florida-based Infinium said its hardware would be free with a two-year subscription to its service or $199 without the subscription.

The announcement came at the start of E3, the annual video game industry trade show in Los Angeles.

Infinium executives hope that finally taking the wraps off the Phantom, and demonstrating a functional version of the service, would dispel doubts among some industry observers that the company can deliver on its planned offering.

"I know all too well the skepticism and the cynicism and the jokes and the rumors and all that stuff," Kevin Bachus, the president of Infinium, told Reuters recently.

Bachus, an industry veteran who once held a senior role on Microsoft Corp.'s Xbox team, was appointed in January.

The service, starting at $29.95 a month, will offer users certain basic content for free, and access to either buy premium games at prices comparable to regular retail or rent them, usually $5 for three days.

"When I look at the company, what I see is a services company," Bachus said. "People were excited about the idea, but they were skeptical about the company's ability to execute."

The console features a PC-like architecture, with 256 megabytes of random access memory and a 40 gigabyte hard drive, running an embedded version of Windows XP. It will use a custom controller and support surround sound and high-definition TV.

But Bachus downplayed the capabilities of the hardware, saying the real focus was the gaming service.

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Edited May 10, 2004 by Kellalor