Sequoia Capital chairman Michael Moritz who is also a GameFly director said, “The $25 billion video game industry is undergoing major disruption and consumers have expressed strong interest in streaming games, much as they do with TV and movies. GameFly’s acquisition of Playcast coincides with dramatic growth in media streaming and pairs GameFly’s expertise delivering consumer game rental and subscription services with Playcast’s state of the art technology to create the world’s premier multi-platform, console-quality streaming video game service. “They are the leaders in video game subscription services and bring an established brand, strong publisher relationships and financial resources.” “GameFly is the perfect company to join forces with and bring our game streaming technology to gamers around the world,” said Gadi Tirosh, Managing Partner at JVP and a Playcast Director. Gadi Tirosh from JVP and Bret Maxwell from MK Capital will join the GameFly Board of Directors. Playcast's Israeli investors include Jerusalem Venture Partners (JVP), Mer Group and Xenia Venture Capital Ltd.