Viggle Inc. (VGGL) News http://ir.viggleinc.com/rss The latest news released by Viggle Inc. (VGGL) en-us Equisolve Investor Relations Suite http://content.stockpr.com/viggleinc/files/logo.png Viggle Inc. (VGGL) News http://ir.viggleinc.com/rss 88 31 Viggle to Sell Certain Assets to Perk.com in All-Stock Transaction http://ir.viggleinc.com/news/detail/98/viggle-to-sell-certain-assets-to-perk-com-in-all-stock-transaction Mon, 14 Dec 2015 09:00:00 -0500 http://ir.viggleinc.com/news/detail/98/viggle-to-sell-certain-assets-to-perk-com-in-all-stock-transaction

Focused on B2B Partnerships in Growing Fantasy Sports Market While Maintaining Upside Through Deal Structure and Retained Assets, Business is Restructured

Seeks Strategic Alternatives for Certain Other Remaining Assets

NEW YORK-- Viggle Inc. (Nasdaq:VGGL) entered into an agreement to sell a number of assets, including the Viggle applications and rewards program, to Perk.com, a leading cloud-based mobile rewards platform provider based in Austin, Texas, which trades on the Toronto Stock Exchange under the symbol PER.TO. Perk is a mobile-centric rewards platform targeting the “New Consumer” and rewarding people for their everyday mobile and internet activities.

Viggle intends to rebrand itself as DraftDay to focus greater attention on its recently acquired DraftDay Gaming Group subsidiary which it will retain as its entertainment publishing site (upon completion of the transaction). The fantasy sports market is rapidly growing, with IBISWorld estimating that revenue for the fantasy sports market has grown at an annual rate of 10.8 percent to $2.0 billion from 2010 to 2015. DraftDay is a differentiated platform in the industry because it is focused on B2B partnerships, including new ventures with companies within the regulated gaming industry. Viggle will change its trading symbol to DDAY, which it has reserved with the NASDAQ.

At the present time, Wetpaint.com, its play-along app MyGuy, and its B2B provider of digital rewards in loyalty programs Choose Digital, will be retained and managed by Viggle as it explores strategic alternatives for these non-DraftDay assets. Due to the deal structure, Viggle anticipates that it will participate in the upside of the Viggle assets through the shares that it receives in Perk.com, both at the closing of the transaction and upon earn-out, depending on the business meeting certain performance metrics and PER.TO shares reaching certain targeted levels.

Robert F.X. Sillerman, Executive Chairman and Chief Executive Officer, commented, “Having launched the Viggle app just a few short years ago, we have accomplished a lot. Perk.com is now a natural fit for further monetizing these assets, as it is the leading mobile rewards program. We believe this transaction will be a win-win for all participants to the transaction, including our shareholders, as we expect to benefit from two fast growing digital spaces with DraftDay Gaming Group and our stake in Perk.com. The transaction will allow us to achieve continuing upside of a significant ownership position in this exciting combination of businesses.”

Financial Details of the Transaction

Upon closing of the transaction, Perk.com has agreed to pay 1.5 million PER.TO shares to Viggle, which equates to $4.7 million based on the closing price of PER.TO shares on December 11, 2015. Perk.com is also advancing $1 million to Viggle, which can be repaid by reducing the number of shares Viggle receives at closing to 1.37 million shares. Additionally, if the annual revenue of the combined companies exceeds $130 million in either 2016 or 2017, Viggle will receive an additional 2.0 million PER.TO shares. Perk will assume all of Viggle’s points liability. Perk will also provide Viggle with two warrants to purchase a total of 2.0 million PER.TO shares at CDN $6.25 per share. The first warrant will vest and become exercisable for 1.0 million PER.TO shares if within two years of the closing, PER.TO shares trade at an average of CDN $12.50 for 20 consecutive days. The second warrant will vest and become exercisable for an additional 1.0 million PER.TO shares if within two years of closing, PER.TO shares trade at an average of $18.75 for 20 consecutive days.

Mr. Sillerman stated, “Assuming the earnout is achieved and the warrants become exercisable, Viggle will have received approximately $75MM in consideration, with continuing potential upside for Viggle’s shareholders.”

The transaction is expected to close in early 2016, subject to the customary closing conditions.

About Viggle

Viggle is an entertainment marketing and rewards platform and fantasy sports provider whose app rewards its members for watching TV shows, discovering new music and playing interactive games. The Viggle Platform had an average monthly total reach of 18.6 million for the three months ended September 30, 2015, including nearly 10 million Viggle registered users. Since its launch, Viggle members have redeemed nearly $29 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. Viggle is also the largest shareholder of DraftDay Gaming Group, the third-largest operator in the daily fantasy sports industry, which offers Viggle members an exciting and ever-growing selection of real-time fantasy sports games with monetary rewards. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

About DraftDay

DraftDay Gaming Group, Inc. offers a high quality daily fantasy sports experience directly to consumers and to businesses desiring turnkey solutions to new revenue streams. Viggle is the largest shareholder of DraftDay, with a 44% stake. Sportech owns 35%. By combining and capitalizing on the well-established operational business assets of DraftDay and Sportech, the new DraftDay is well-positioned to become a significant player in the explosive fantasy sports market. DraftDay has paid out over $30 million in prizes with increased player retention and brand loyalty. Viggle assets MyGuy, which will be operated in conjunction with DraftDay, and Viggle Football have already met with great success by offering exciting real-time interactive participation to its nearly 10 million registered users in tandem with professional and college football and basketball games.

About Perk

Perk was formed in December, 2009 and headquartered in Austin, TX. Perk provides a rewards platform targeting consumers primarily by rewards for people's every day mobile and internet activities. Perk offers Perk Points, a digital reward, which can be redeemed for gift cards and cash. Members can earn Perk Points through a wide variety of activities including shopping, watching videos, and playing social games. Perk currently owns and operates 12 mobile applications allowing members to earn Perk Points. Perk also operates numerous owned websites. In addition to offering Perk Points through its own mobile applications and websites, Perk launched its Appsaholic Software Development Kit, which allows mobile and desktop publishers to reward their users with rewards, such as gift cards, for engaging with the publisher's applications and websites.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

For Viggle:
Investors:
Tom McLean, General Counsel
212-231-0092
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

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Viggle Subsidiary DraftDay Gaming Group Grows Customer Base Through Acquisition of SportsTradex Customers http://ir.viggleinc.com/news/detail/97/viggle-subsidiary-draftday-gaming-group-grows-customer-base-through-acquisition-of-sportstradex-customers Wed, 18 Nov 2015 08:00:00 -0500 http://ir.viggleinc.com/news/detail/97/viggle-subsidiary-draftday-gaming-group-grows-customer-base-through-acquisition-of-sportstradex-customers

Acquisition Substantially Increases Number of Potential Players of DraftDay Games

NEW YORK-- DraftDay Gaming Group, Inc. (DraftDay), a subsidiary of Viggle Inc. (Nasdaq:VGGL) and the market-leading business-to-business (B2B) daily fantasy sports (DFS) platform provider, signed an agreement with Sports Tradex, LLC (SportsTradex) to acquire SportsTradex’s database of customers for the DraftDay platform. As part of the agreement, SportsTradex’s customers are being transferred to the DraftDay platform. Other terms of the agreement were not disclosed.

Founded in 2012, SportTradex built a strong and dedicated community of players focused on DFS, including popular “pick‘em” games and tiered draft formats. SportsTradex established its own brand as a leader in unique DFS games that became a player favorite.

Nic Sulsky, president of DraftDay, said, “We are committed to providing the same great games and superior customer service that SportsTradex users are accustomed to, while ensuring the SportsTradex vision of DFS game styles continues to prosper. We believe the SportsTradex customer base will spark quicker growth in DraftDay’s pick‘em slate, which represents a key product in our alternate tournament catalog, and which DraftDay’s growing list of B2B partners will be able to offer to their customers.”

Jointly created by Viggle and Sportech, Inc., a subsidiary of Sportech PLC, DraftDay is a market-leading, (B2B) daily fantasy sports platform well-positioned to become a dominant player in the explosive daily fantasy sports industry, by building partnerships within the regulated gaming, horseracing and media industries. By establishing the preeminent B2B daily fantasy sports partnership network, with six major partners currently signed and in various stages of production and integration, DraftDay is creating innovative digital content for organizations to increase their product range for customers, and to protect their valuable databases.

Ben Lipson, CEO of SportsTradex, said, “We chose DraftDay because both companies share a vision for DFS products that are differentiated from those offered by other DFS operators. Most importantly, DraftDay’s strong commitment to player safety and the security of its DFS platform made it the logical choice for us. As the DFS industry continues to grow and evolve, DraftDay’s unique B2B model, featuring the safekeeping of partner databases and unmatched consumer protection measures, will be, we believe, one of the best ways to capitalize on the excitement around DFS. DraftDay has demonstrated technology leadership in daily fantasy sports and I am confident SportsTradex players will love DraftDay.”

Julie Gerola, SVP, Marketing & Rewards at Viggle, said, “We are confident that SportsTradex’s loyal base of players will be impressed with the selection of games that DraftDay has to offer. Acquiring SportsTradex’s customer base represents a substantial boost in the potential number of DraftDay players and a significant milestone in the growth of this premier gaming platform.”

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Viggle

Viggle is an entertainment marketing and rewards platform and fantasy sports provider whose app rewards its members for watching TV shows, discovering new music and playing interactive games. The Viggle Platform had an average monthly total reach of 18.6 million for the three months ended September 30, 2015, including nearly 10 million Viggle registered users. Since its launch, Viggle members have redeemed nearly $29 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. Viggle is also the largest shareholder of DraftDay Gaming Group, the third-largest operator in the daily fantasy sports industry, which offers Viggle members an exciting and ever-growing selection of real-time fantasy sports games with monetary rewards. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

About DraftDay Gaming Group, Inc.

DraftDay Gaming Group, Inc. is the first business-to-business daily fantasy sports-focused sports platform provider. Born out of a partnership between Viggle Inc. (NASDAQ: VGGL) and Sportech, Inc., a subsidiary of Sportech PLC (LON:SPO), DraftDay provides turnkey white-label daily fantasy solutions to organizations looking for ways to monetize their existing users while protecting their valuable databases. DraftDay has paid out over $30 million in prizes with player retention and brand loyalty second to none in the industry. For more information, please visit www.draftdaygaming.com.

Investors:
Viggle
Tom McLean, 212-231-0092
General Counsel
or
IRTH Communications
Robert Haag, 1-866-976-4784
Managing Partner
VGGL@irthcommunications.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
Viggle Fiscal First Quarter 2016 Financial Results Include Improvements in Adjusted EBITDA and Reduced Operating Expenses, Strengthening Platform for Growth http://ir.viggleinc.com/news/detail/96/viggle-fiscal-first-quarter-2016-financial-results-include-improvements-in-adjusted-ebitda-and-reduced-operating-expenses-strengthening-platform-for-growth Fri, 13 Nov 2015 17:00:00 -0500 http://ir.viggleinc.com/news/detail/96/viggle-fiscal-first-quarter-2016-financial-results-include-improvements-in-adjusted-ebitda-and-reduced-operating-expenses-strengthening-platform-for-growth

Adjusted EBITDA Improves 17%

NEW YORK-- Viggle Inc. (Nasdaq:VGGL) reported financial results for its fiscal first quarter 2016 ended September 30, 2015. Revenue for the quarter was $5.1 million compared with $6.5 million in the year-ago first quarter. Adjusted EBITDA loss for the fiscal first quarter 2016 was $6.5 million, compared with a loss of $7.8 million in the year-ago first quarter, an improvement of 17%. Financial results for the fiscal first quarter 2016 include DraftDay Gaming Group, its 49% owned subsidiary that was formed in September 2015.

Adjusted EBITDA improvements for the quarter were driven by reductions in personnel, marketing and technology costs. Revenue for the quarter declined primarily because of decreased third-party advertising on the Viggle App and barter revenue.

Robert F.X. Sillerman, Executive Chairman and Chief Executive Officer, said, “Much of this quarter was spent identifying new business ventures and partnerships that can grow our revenue streams while bringing our expenses to the level where we can seize those opportunities. One of the attributes of our business model is that the Viggle platform is conducive to many different ventures that can contribute to growth and we are enthusiastic about the great potential that lies ahead for us.”

Key metrics for the fiscal first quarter ended September 30, 2015 were:

  • Approximately 265,000 new users registered on the Viggle platform, bringing net registered users to more than 9.8 million, compared with 7.0 million net registered users as of the end of the year-ago first quarter, an increase of 39%.
  • Average monthly total reach for F1Q 2016 was 18.6 million, compared with 23.8 million in the year-ago quarter, a 22% decrease, and 23.6 million for the quarter ended June 30, 2015.
  • Average active reach in the quarter was 9.6 million compared with 10.3 million for F1Q 2015, a decrease of 4%, and compared with 10.2 million in F4Q 2015.
  • As of September 30, 2015, Viggle users have cumulatively checked in to more than 508 million TV programs and matched more than 192 million songs using the Viggle Music service. Overall, users’ average time in the Viggle app has been more than 58 minutes per session.
  • As of September 30, 2015, users have cumulatively redeemed more than 71 billion points for approximately 5.6 million rewards, an average of 12,667 points per reward redemption. The total retail value of rewards redeemed through September 30, 2015 is approximately $28.6 million.

About Viggle

Viggle is an entertainment marketing and rewards platform and fantasy sports provider whose app rewards its members for watching TV shows, discovering new music and playing interactive games. The Viggle Platform had an average monthly total reach of 18.6 million for the three months ended September 30, 2015, including nearly 10 million Viggle registered users. Since its launch, Viggle members have redeemed nearly $29 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. Viggle is also the largest shareholder of DraftDay Gaming Group, the third-largest operator in the daily fantasy sports industry, which offers Viggle members an exciting and ever-growing selection of real-time fantasy sports games with monetary rewards. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Non-GAAP Adjusted Rewards Costs and Adjusted EBITDA

The Company provides a non-GAAP measure for adjusted rewards costs as an alternative view of the Company’s cost of providing rewards to its users. The Company reports rewards costs in its Consolidated Statement of Operations in both cost of watchpoints and engagement points and in selling, general and administrative expenses. Management believes that a useful financial measure for investors is to provide to them the amount of cash the Company has actually paid to provide rewards to its users. Therefore, the Company adjusts cost of watchpoints and engagement points as reported, which represents the cost of points earned by users during the period, to the cost of actual rewards redeemed by users during the period. Selling, general and administrative expenses as reported are likewise adjusted as certain point costs are classified as marketing. The Company also presents Adjusted EBITDA. Adjusted EBITDA is a non-GAAP measure that represents operating loss (as reported) plus depreciation and amortization, stock based compensation and adjustment to rewards costs. Management believes these non-GAAP measures enhance investors’ understanding of the Company’s financial performance. The information on adjusted rewards costs and Adjusted EBITDA should be considered in addition to, but not in lieu of operating loss prepared in accordance with generally accepted accounting principles in the United States (GAAP). Since adjusted reward costs and Adjusted EBITDA are not measures determined in accordance with GAAP, they have no standardized meaning prescribed by GAAP and therefore, may not be comparable to the calculation of similar measures of other companies. A reconciliation between GAAP financial measures and non-GAAP financial measures is as follows.

Tables Follow

Reconciliation of rewards cost to adjusted rewards cost and selling, general and administrative expenses to adjusted selling, general and administrative expenses (amounts in thousands)
Quarter Ended September 30, 2015 Quarter Ended September 30, 2014 4th Quarter Ended June 30, 2015
Cost of watchpoints and engagement points as reported $(2,022) $(1,164) $(2,626)
Adjustment to cost of watchpoints and engagement points (256) 281 358
Adjusted cost of watchpoints and engagement points (2,278) (883) (2,268)
 
Selling, general and administrative expenses as reported (15,566) (22,771) (19,989)
Adjustment to selling, general and administrative expenses (29) 31

2,328

Adjusted selling, general and administrative expenses

$(15,595)

$(22,740) $(17,661)
 
 
Reconciliation of operating loss to Adjusted EBITDA (amounts in thousands)
Quarter Ended September 30, 2015 Quarter Ended September 30, 2014 Quarter Ended June 30, 2015
Revenue $5,052 $6,476 $6,899
 
Operating loss as reported $(12,536) $(17,459) $(15,716)
Add:
Stock compensation costs 5,164 7,562 5,345
Adjustment to cost of watchpoints and engagement points (256) 281 358
Adjustment to Selling, general and administrative expenses (29) 31

2,328

Depreciation and amortization costs 1,196 1,800 1,482
Adjusted EBITDA * $(6,461) $(7,785) $(6,203)
* Adjusted EBITDA is a non-GAAP measure, but shown above it represents operating loss plus depreciation and amortization, stock based compensation, interest (expense) income, net, certain one-time selling, general and administrative costs, and adjustment to rewards costs

For Viggle:
Investors:
Tom McLean, 212-231-0092
General Counsel
or
Robert Haag, 1-866-976-4784
Managing Partner, IRTH Communications
VGGL@irthcommunications
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
Viggle Subsidiary DraftDay Gaming Group Partners with Sportech Venues and MyWinners.com to Provide Daily Fantasy Sports to Connecticut Customers http://ir.viggleinc.com/news/detail/95/viggle-subsidiary-draftday-gaming-group-partners-with-sportech-venues-and-mywinners-com-to-provide-daily-fantasy-sports-to-connecticut-customers Wed, 07 Oct 2015 12:30:00 -0400 http://ir.viggleinc.com/news/detail/95/viggle-subsidiary-draftday-gaming-group-partners-with-sportech-venues-and-mywinners-com-to-provide-daily-fantasy-sports-to-connecticut-customers

Daily Fantasy Sports Offered at 14 Brick-and-Mortar Locations Throughout State and Online

NEW YORK-- Viggle Inc. (“Viggle”) (NASDAQ:VGGL), the entertainment marketing and rewards platform, via its fantasy sports subsidiary DraftDay Gaming Group, Inc. (“DraftDay”), announced a partnership with Sportech Venues, Inc. (“Sportech Venues”), a subsidiary of Sportech PLC (LSE:SPO), to provide a white-label daily fantasy sports platform, named MyWinners Fantasy (www.mywinnersfantasy.com), for customers at 14 wagering venues in Connecticut and online at MyWinners.com.

Sportech Venues’ locations, branded as “Winners,” represent the next generation of premier sports entertainment and wagering locations, and ranging from local betting parlors to a 50,000 square-foot flagship venue, Bobby V’s Restaurant and Sports Bar, located adjacent to Bradley International Airport in Windsor Locks, Connecticut. Sportech has plans for a second Bobby V’s Restaurant and Sports Bar in Stamford, Connecticut. MyWinners.com is Connecticut’s only legal online racing betting site, offering wagers on top thoroughbred, harness and greyhound tracks from across the country and the world.

DraftDay’s sports fantasy game platform provides the Winners brand with an exciting new way to cater to a wider, younger demographic, in addition to its existing customer base within Winners’ successful wagering venues.

“The expansion of DraftDay’s daily fantasy sports offerings into more than a dozen brick-and-mortar locations in Connecticut, as well as online at MyWinners.com, reflects the thriving demand for daily fantasy sports,” said John C. Small, Chief Financial Officer of Viggle. “We are looking forward to working with Sportech Venues as we continue to strengthen our hold within the daily fantasy sports market.”

“DraftDay’s fantasy sports games provide customers another great opportunity to play and win when visiting our locations in Connecticut in person, or online via MyWinners.com,” said Ted Taylor, president of Sportech Venues.

“With the popularity of daily fantasy sports at an all-time high, bringing the power of DraftDay to MyWinners.com’s customers was a logical next step,” said Josh Tepper, General Manager of MyWinners.com. “We hope to provide our players with the same excitement and thrill that they currently enjoy with our horseracing content.”

Jointly created by Viggle and Sportech, Inc., a subsidiary of Sportech PLC, DraftDay is a market-leading, business-to-business daily fantasy sports platform well-positioned to become a dominant player in the explosive fantasy sports industry, by building partnerships within the regulated gaming, horseracing and media industries. By establishing the preeminent B2B daily fantasy sports partnership network, with six partners currently signed and in various stages of production, DraftDay is creating innovative digital content for organizations to increase their product range for customers, and to protect their valuable databases.

“DraftDay is excited to have Sportech Venues as its first regulated gaming partner to join our B2B network,” said Nic Sulsky, president of DraftDay. “Bringing this trusted gaming company into our network establishes credibility and lays the ideal foundation for our imminent growth.”

About Viggle

Viggle is an entertainment marketing and rewards platform and fantasy sports provider whose app rewards its members for watching TV shows, discovering new music and playing interactive games. The Viggle Platform had an average monthly total reach of 23.6 million for the three months ended June 30, 2015, including nearly 10 million Viggle registered users. Since its launch, Viggle members have redeemed over $26 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. Viggle is also the largest shareholder of DraftDay, the market leading daily fantasy sports-focused sports platform provider, which offers Viggle members an exciting and ever-growing selection of real-time fantasy sports games with monetary rewards. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

About Sportech Venues, Inc. and MyWinners.com

Sportech Venues, Inc. holds the exclusive license to conduct pari-mutuel wagering on horseracing, greyhound racing and jai alai in the State of Connecticut, in perpetuity. The company operates 14 wagering venues and sports bars under the brand, Winners. In addition, the company operates an account wagering service at www.MyWinners.com, which offers online wagering on horseracing and greyhound racing, and telephone wagering on horseracing, greyhound racing and jai alai. A portion of every dollar wagered with Winners goes to the Connecticut General Fund, to local municipal tax funds and to funds for responsible gaming. For more information about Winners, please visit www.MyWinners.com.

About DraftDay Gaming Group, Inc.

DraftDay Gaming Group, Inc. is the first business-to-business daily fantasy sports-focused sports platform provider. Born out of a partnership between Viggle Inc. (NASDAQ: VGGL) and Sportech, Inc., a subsidiary of Sportech PLC (LON:SPO), DraftDay provides turnkey white-label daily fantasy solutions to organizations looking for ways to monetize their existing users while protecting their valuable databases. DraftDay has paid out over $30 million in prizes with player retention and brand loyalty second to none in the industry. For more information, please visit www.draftdaygaming.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Investors:
Viggle Inc.
John C. Small, 1-646-738-3220
CFO
john@viggle.com
john@draftday.com
or
IRTH Communications
Robert Haag, 1-866-976-4784
Managing Partner
VGGL@irthcommunications.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
Viggle Achieves Record Fiscal Full-Year and Fourth Quarter Revenue, Increases 42% and 29% Over Prior Year http://ir.viggleinc.com/news/detail/94/viggle-achieves-record-fiscal-full-year-and-fourth-quarter-revenue-increases-42-and-29-over-prior-year Mon, 21 Sep 2015 16:01:00 -0400 http://ir.viggleinc.com/news/detail/94/viggle-achieves-record-fiscal-full-year-and-fourth-quarter-revenue-increases-42-and-29-over-prior-year

Adjusted EBITDA for Fourth Quarter Improves 31%

Conference Call Today at 4:30 pm ET to Include Highlights of DraftDay Gaming Group

NEW YORK-- Viggle Inc. (Nasdaq:VGGL) hit record revenue for fiscal 2015 of $25.6 million, achieving a 42% improvement over the prior fiscal year, and record fiscal fourth quarter revenue $6.8 million, a 29% increase over the prior year’s fourth quarter. Adjusted EBITDA loss for fiscal 2015 was $29.3 million, and was a $5.8 million loss for the fiscal fourth quarter ended June 30, 2015, an improvement of 31% and the lowest quarterly loss in the Company’s history. Record revenue for the full year and quarter was driven by increased advertising on the Viggle app as the company boosted its marketing efforts. Reduced adjusted EBITDA losses in the fiscal fourth quarter came from lower personnel costs and lower G&A costs, partially offset by increased marketing expense.

John C. Small, Chief Financial Officer of Viggle, said, “We had an exciting and successful year in terms of financial results and business development. We enter Fiscal 2016 even more energized on the heels of forming DraftDay Gaming Group (“DDDG”). With the end goal of creating new revenue streams and making the Viggle app even more compelling for our advertisers, we successfully joined forces with Sportech, Inc. [a subsidiary of Sportech PLC (LON: SPO)], to enter the rapidly growing daily fantasy sports market. DDGG will provide white-label, turn-key solutions to consumer brands that wish to enter daily fantasy sports. This new venture makes winners out of our advertisers and Viggle users alike, as it adds significant depth and value to our fantasy sports offerings.”

Mr. Small concluded, “We enter fiscal 2016 stronger than ever, and we expect our new offerings in daily fantasy sports to add significant upside to our business model.”

Key metrics for the fiscal fourth quarter ended June 30, 2015 were:

  • Average monthly total reach for F4Q 2015 was 23.6 million, compared with 17.7 million in the year-ago quarter, a 33% increase, and 25.7 million for the quarter ended March 31, 2015.
  • Average active reach in the quarter was 10.2 million compared with 6.4 million for F4Q 2014, an increase of 60%, and compared with 10.6 million in F3Q 2015.
  • Almost 600,000 new users registered on the Viggle platform, bringing net registered users to more than 9.5 million, compared with 5.4 million net registered users as of the end of the year-ago fourth quarter, an increase of 76%.
  • As of June 30, 2015, Viggle users have cumulatively checked in to more than 504 million TV programs and matched more than 189 million songs using the Viggle Music service. Overall, users’ average time in the Viggle app has been more than 65 minutes per session.
  • As of June 30, 2015, users have cumulatively redeemed more than 64 billion points for approximately 5 million rewards, an average of 12,940 points per reward redemption. The total retail value of rewards redeemed through June 30, 2015 is approximately $26.4 million.

Business Highlights for the Quarter Include:

  • The Company raised gross proceeds of approximately $13.3 million in two different underwritten offerings; the first was an underwritten public offering of 3,626,179 shares of common stock at $2.50 per share in which it raised gross proceeds of approximately $9.1 million, and the second was an underwritten sale of 2,048,780 shares of its common stock at $2.05 per share to Wolverine Asset Management, resulting in gross proceeds of approximately $4.2 million.
  • Completed the transition of its management team, and appointed Kyle Brink, former SVP Product Development, to General Manager. This completes the leadership transition it began earlier in the year, with Robert F.X. Sillerman as CEO and Board Chairman and John C. Small as CFO.
  • Strengthened its patent portfolio, adding more value to its unique multifaceted mobile and web-based entertainment marketing platform. The new patent covers proprietary design features relating to a new interactive television programming guide. It is granted by title: “Display Screen or Portion Thereof with Animated User Interface.”
  • Created a new fantasy game, MYGUY Basketball, which lets users coach and play at the same time. MYGUY enables users to make real-time decisions during the game just as the coach does courtside, and earn more Viggle Points for a wide range of rewards.
  • Teamed up with Instantly™ to increase Viggle’s mobile audience and enhance the measurement of advertising effectiveness, driving revenue and increasing Viggle users’ opportunities to earn rewards while enhancing Instantly’s measurement and mobile ad effectiveness.

Conference Call Information

Date: September 21, 2015
Time: 4:30 PM Eastern Time (ET)
Dial-in Number for the US and Canadian Callers: 1-877-407-3102
Dial-in Number for Callers Outside of the US and Canada: 1-201-493-6790

Participating on the call will be John C. Small, Chief Financial Officer, of Viggle Inc. and Richard Roberts, CEO of DraftDay Gaming Group, who will discuss operational and financial highlights for fiscal 2015.

To join the live conference call, please dial into the above-referenced telephone numbers 5 to 10 minutes prior to the scheduled conference call time. A live webcast and archive of the call will also be available on Viggle’s website at: http://viggleinc.equisolvewebcast.com/q4-2015.

A replay will be available for 14 days starting on September 21, 2015, beginning one hour after the conclusion of the conference call, and will run through midnight on October 4, 2015. To access the replay, please dial 1-877-660-6853 in the US and 1-201-612-7415 for international callers. The conference ID# is 13594822.

About Viggle

Viggle is an entertainment marketing and rewards platform and fantasy sports provider whose app rewards its members for watching TV shows, discovering new music and playing interactive games. The Viggle Platform had an average monthly total reach of 23.6 million for the three months ended June 30, 2015, including nearly 10 million Viggle registered users. Since its launch, Viggle members have redeemed over $26 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. Viggle is also the largest shareholder of DraftDay Gaming Group, the third-largest operator in the daily fantasy sports industry, which offers Viggle members an exciting and ever-growing selection of real-time fantasy sports games with monetary rewards. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Non-GAAP Adjusted Rewards Costs and Adjusted EBITDA

The Company provides a non-GAAP measure for adjusted rewards costs as an alternative view of the Company’s cost of providing rewards to its users. The Company reports rewards costs in its Consolidated Statement of Operations in both cost of watchpoints and engagement points and in selling, general and administrative expenses. Management believes that a useful financial measure for investors is to provide to them the amount of cash the Company has actually paid to provide rewards to its users. Therefore, the Company adjusts cost of watchpoints and engagement points as reported, which represents the cost of points earned by users during the period, to the cost of actual rewards redeemed by users during the period. Selling, general and administrative expenses as reported are likewise adjusted as certain point costs are classified as marketing. The Company also presents Adjusted EBITDA. Adjusted EBITDA is a non-GAAP measure that represents operating loss (as reported) plus depreciation and amortization, stock based compensation and adjustment to rewards costs. Management believes these non-GAAP measures enhance investors’ understanding of the Company’s financial performance. The information on adjusted rewards costs and Adjusted EBITDA should be considered in addition to, but not in lieu of operating loss prepared in accordance with generally accepted accounting principles in the United States (GAAP). Since adjusted reward costs and Adjusted EBITDA are not measures determined in accordance with GAAP, they have no standardized meaning prescribed by GAAP and therefore, may not be comparable to the calculation of similar measures of other companies. A reconciliation between GAAP financial measures and non-GAAP financial measures is as follows.

Tables Follow

                         

Reconciliation of rewards cost to
adjusted rewards cost and selling,
general and administrative
expenses to adjusted selling,
general and administrative
expenses (amounts in thousands)

                       
     

Quarter
Ended June
30, 2015

   

Quarter
Ended June
30, 2014

   

12 Months
Ended June
30, 2015

   

12 Months
Ended June
30, 2014

Cost of watchpoints and engagement points as reported     $(2,626 )     $(801 )     $(9,574 )     $(2,310 )
Adjustment to cost of watchpoints and engagement points     358       (273 )     3,090       (2,594 )
Adjusted cost of watchpoints and engagement points     (2,268 )     (1,074 )     (6,484 )     (4,904 )
                         
Selling, general and administrative expenses as reported     (21,646 )     (21,853 )     (92,360 )     (81,534 )
Adjustment to selling, general and administrative expenses     4,414       (31 )     5,587       (283 )
Adjusted selling, general and administrative expenses     $(17,232 )     $(21,884 )     $(86,773 )     $(81,817 )
                         
                         

Reconciliation of operating loss to
Adjusted EBITDA (amounts in
thousands)

                       
     

Quarter
Ended June
30, 2015

   

Quarter
Ended June
30, 2014

   

12 Months
Ended June
30, 2015

   

12 Months
Ended June
30, 2014

Revenue     $6,841       $5,308       $25,584       $17,985  
                         
Operating loss as reported     (17,431 )     (16,444 )     (76,408 )     (65,859 )
Add:                        
Stock compensation costs     5,345       6,862       32,439       36,704  
Adjustment to cost of watchpoints and engagement points     358       (273 )     3,090       (2,594 )
Adjustment to Selling, general and administrative expenses     4,414       (420 )     5,587       (1,459 )
Depreciation and amortization costs     1,482       1,851       6,040       5,894  
Adjusted EBITDA *     $(5,832 )     $(8,424 )     $(29,252 )     $(27,314 )

* Adjusted EBITDA is a non-GAAP
measure, but shown above it
represents operating loss plus
depreciation and amortization, stock
based compensation, interest
(expense) income, net, certain one-
time selling, general and
administrative costs, and adjustment
to rewards costs

                       

Investors:
Viggle
John C. Small, 1-646-738-3220
CFO
john@viggle.com
or
IRTH Communications
Robert Haag, 1-866-976-4784
Managing Partner
VGGL@irthcommunications.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
Viggle Schedules Conference Call for Monday, September 21 to Discuss Fiscal Fourth Quarter and Full-Year 2015 Results http://ir.viggleinc.com/news/detail/93/viggle-schedules-conference-call-for-monday-september-21-to-discuss-fiscal-fourth-quarter-and-full-year-2015-results Tue, 15 Sep 2015 08:00:00 -0400 http://ir.viggleinc.com/news/detail/93/viggle-schedules-conference-call-for-monday-september-21-to-discuss-fiscal-fourth-quarter-and-full-year-2015-results

NEW YORK-- Viggle Inc. (NASDAQ:VGGL), the entertainment marketing and rewards platform, has scheduled a conference call on Monday, September 21, 2015 at 4:30 PM Eastern Time (ET) to review results for the Fiscal Fourth Quarter and the Fiscal Full-Year 2015.

Conference Call Information:
Date: September 21, 2015
Time: 4:30 PM Eastern Time (ET)
Dial-in Number for the US and Canadian Callers: 1-877-407-3102
Dial-in Number for Callers Outside of the US and Canada: 1-201-493-6790

Participating on the call will be John C. Small, Chief Financial Officer, of Viggle Inc. and Richard Roberts, CEO of DraftDay Gaming Group, who will discuss operational and financial highlights for fiscal 2015.

To join the live conference call, please dial into the above-referenced telephone numbers 5 to 10 minutes prior to the scheduled conference call time. A live webcast and archive of the call will also be available on Viggle’s website at: http://viggleinc.equisolvewebcast.com/q4-2015.

A replay will be available for 14 days starting on September 21, 2015, beginning one hour after the conclusion of the conference call, and will run through midnight on October 4, 2015. To access the replay, please dial 1-877-660-6853 in the US and 1-201-612-7415 for international callers. The conference ID# is 13594822.

About Viggle, Inc.

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 23.6 million for the three months ended June 30, 2015, including nearly 10 million Viggle registered users. Since its launch, Viggle members have redeemed over $26 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. Viggle is also the largest shareholder of DraftDay Gaming Group, the third-largest operator in the daily fantasy sports industry, which offers Viggle members an exciting and ever-growing selection of real-time fantasy sports games with monetary rewards. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

Viggle Inc.
Investor Relations:
John C. Small, 646-738-3220
CFO
john@viggle.com
or
IRTH Communications
Robert Haag, 1-866-976-4784
VGGL@irthcommunications.com
or
Media:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle, Inc.

]]>
Viggle and Sportech Team Up to Enter the Daily Fantasy Sports Market http://ir.viggleinc.com/news/detail/92/viggle-and-sportech-team-up-to-enter-the-daily-fantasy-sports-market Wed, 09 Sep 2015 08:00:00 -0400 http://ir.viggleinc.com/news/detail/92/viggle-and-sportech-team-up-to-enter-the-daily-fantasy-sports-market

Advertisers Score with Targeted Access to Active Sports Fans as Deal Extends Viggle App Engagement and Brand Loyalty

NEW YORK-- Capitalizing on the growing popularity of fantasy sports businesses, Viggle Inc. (NASDAQ:VGGL), the entertainment marketing and rewards platform, and Sportech, Inc., a subsidiary of Sportech PLC (LON:SPO), a global sports entertainment company, have teamed up to form DraftDay Gaming Group (“DraftDay”) to purchase fantasy sports assets, specifically DraftDay, the third-largest operator in the daily fantasy sports industry, from MGT Capital Investments Inc. (NYSE MKT:MGT).

By combining and capitalizing on the well-established operational business assets of DraftDay, Sportech and Viggle, the new company is well-positioned to become a significant player in the explosive fantasy sports market. To date, DraftDay has paid out more than $30 million in prizes with player retention and brand loyalty second-to-none in the fantasy sports industry. Viggle assets MyGuy and Viggle Football have already met with great success in offering exciting real-time interactive participation to its nearly 10 million registered users in tandem with professional and college football and basketball games. Sportech is one of the world’s leading betting organizations, operating in 30 countries and employing more than 1,000 people.

DraftDay Gaming Group will feature the popular DraftDay platform whereby users can draft a team within a salary cap, follow game action and reap rewards. It will continue to offer high-quality entertainment to consumers as well as to businesses desiring turnkey solutions to new revenue streams. More than 40 million people play season-long fantasy games annually in the U.S., but less than 5% currently play daily fantasy sports. The online poker market generates more than $20 billion of revenue annually, but entry fees to daily fantasy sports just topped $1 billion this year. DraftDay will provide entry for consumer brands into this exciting growth market.

Sportech will manage the day-to-day operations of DraftDay. DraftDay will be the differentiated platform in the industry, with a leadership team highly experienced in B2B aggregated network operations and in regulated gaming markets.

“DraftDay holds the potential to quickly disrupt the daily fantasy sports business with B2B partnerships including new ventures with companies within the regulated gaming industry,” said President of Sportech’s digital division, Rich Roberts. “Integrating DraftDay games within the Viggle app introduces significant potential to expand the user audience of U.S. sports fans while creating more visibility for DraftDay which we expect will continue to build in the months and years ahead.”

Significant for any advertisers, the Viggle app will be integrated into DraftDay games, providing greater access to U.S. sports fans. The highly targeted Viggle marketing, rewards and advertising platform will now deliver even greater access to the high-spending demographic of sport enthusiasts. Viggle users benefit as they will be able to play daily fantasy sports along while watching their favorite sporting events through real-time games right on their mobile phone or tablet, while reaping rewards. Last season, Viggle users answered 64.8 million predictive questions while playing Viggle Football. The joint entity will also benefit from the intended re-launch of MyGuy, a game that allows play-by-play substitution during football games. MyGuy takes daily sports fantasy one step further by letting users coach and play at the same time. Users playing MyGuy make game-time decisions just as the coach does. If your first pick isn’t performing or if a new player is on the field, you can change your pick on the fly. Viggle users who join in the game with MyGuy can be rewarded for their quick thinking and shrewd choices. DraftDay Gaming Group also expects to continue to expand its selection of sports-related games to meet the clear demand for this form of entertainment.

Commenting on the rationale leading into the deal, John Small, Chief Financial Officer of Viggle, said, “The combination of the DraftDay platform plus Sportech’s gaming experience logically aligns with our avid existing base of Viggle App sport fans. The merged assets of DraftDay Gaming Group create a compelling win-win for both sports enthusiasts and the advertisers aiming to reach this demographic in a very targeted way designed to build brand loyalty. We expect our investment in DraftDay to provide a new revenue source, as Viggle users and advertisers now have even more reasons to continue enjoying what the Viggle app has to offer.”

Viggle Inc. will own 44% of DraftDay, Sportech, Inc. will own 35%, with MGT Capital and other shareholders holding the balance. Robert F.X. Sillerman will be the Chairman of the Board. Rich Roberts, current President of Sportech's digital division, will also serve as DraftDay CEO, Nic Sulsky, formerly of Sportech Digital, will be the President, and John C. Small will act as the CFO of both DraftDay and Viggle Inc. Larry Kom, who served as MGT's CIO, will join DraftDay as CTO and be accompanied by the full product development team.

For more detailed information, please see the Form 8-K for Viggle Inc. and MGT Capital Investments filed for each company this morning.

About Sportech PLC

Sportech PLC is a sports gaming and entertainment Group and one of the world's leading pool and tote betting organizations. We focus on highly regulated markets worldwide, with our largest activities in the US. Globally we process over $13 billion in bets annually, with a presence in 30 countries, including customers in most US states that permit such betting. The Group operates through 3 divisions: Sportech Racing and Digital, Sportech Venues, and The Football Pools, providing betting technology and operating systems and retail venues for betting on football (soccer), horseracing and greyhound racing. Headquartered in London, England, the company also has operational offices in Connecticut, Atlanta, Toronto, California, New Jersey, Liverpool, Bristol, Netherlands, Germany, and Ireland. For more information about Sportech PLC, please visit www.sportechplc.com.

About Sportech, Inc.

Sportech, Inc., part of the Sportech PLC group, is a global provider of wagering technology and services to licensed gaming operators and consumers. The Sportech Racing and Digital division is a leading global provider of wagering technology solutions to licensed racing and betting operators, and the largest provider of white label digital (Internet and mobile) technologies and services to licensed gaming operators in the U.S. Sportech's Bump 50:50 provides technologies and services for 50/50 raffle programs to the charitable foundations affiliated with professional sports teams. For more information on Sportech Racing and Digital, visit www.sportech.net.

The Sportech Venues, Inc. division holds the exclusive license to conduct off-track pari-mutuel wagering on racing and jai alai in the State of Connecticut. The company operates 15 wagering venues, in addition to an account wagering service that offers Internet and telephone betting on racing. In parallel with business operations in Connecticut, Sportech Venues California LLC was established to develop and operate off track wagering sports bar facilities in California. For more information on Sportech Venues, Inc., please visit www.MyWinners.com.

About Viggle, Inc.

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 23.6 million for the three months ended June 30, 2015, including nearly 10 million Viggle registered users. Since its launch, Viggle members have redeemed over $26 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

About MGT Capital Investments, Inc.

MGT Capital and its subsidiaries operate social and real money gaming sites online and in the mobile space, including ownership of the 3rd largest daily fantasy sports wagering platform, DraftDay.com. The Company also offers games of skill through MGTplay.com and social casino games with SlotChamp™. MGT also launched Daily Fantasy Legend in partnership with Facebook to become the first daily fantasy sports platform on social media. In addition, the Company owns intellectual property relating to slot machines and has asserted its claims via patent infringement lawsuits.

Forward-looking Statements

This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Viggle Inc.
Investor Relations:
John C. Small, 646-738-3220
CFO
john@viggle.com
or
IRTH Communications
Robert Haag, 1-866-976-4784
VGGL@irthcommunications.com
or
Media:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com
or
MGT Capital Investments, Inc.
Robert Traversa, 914-630-7431
Chief Financial Officer
rtraversa@mgtci.com

Source: Viggle Inc.

]]>
Instantly™ and Viggle Seek to Grow Mobile Audience and Enhance Measurement of Advertising Effectiveness Through New Partnership http://ir.viggleinc.com/news/detail/91/instantly-and-viggle-seek-to-grow-mobile-audience-and-enhance-measurement-of-advertising-effectiveness-through-new-partnership Thu, 20 Aug 2015 08:00:00 -0400 http://ir.viggleinc.com/news/detail/91/instantly-and-viggle-seek-to-grow-mobile-audience-and-enhance-measurement-of-advertising-effectiveness-through-new-partnership

Integration of Instantly into Viggle App Will Drive Viggle Revenue and Increase Users’ Opportunities to Earn Rewards While Enhancing Instantly’s Measurement of Mobile Ad Effectiveness

LOS ANGELES & NEW YORK-- Instantly™, the world’s largest audiences and insights platform for market research firms and Fortune 500 brands, and Viggle Inc. (Nasdaq:VGGL), the entertainment marketing and rewards platform, announced that Instantly will leverage Viggle’s registered user base of 10 million people to measure the impact of mobile advertising within the Viggle app. Additionally, Viggle users will now have new opportunities to earn Viggle points by participating in Instantly-supplied market research and ad effectiveness studies. Viggle points can be redeemed for a wide range of rewards including music, TV shows, movies, eBooks and audiobooks.

Instantly Ad Effectiveness™ provides brands with a groundbreaking way to measure the true impact of advertisements across a range of media channels, including mobile, out-of-home, online, TV, radio and video ads. The partnership with Viggle makes Instantly the largest provider of ad effectiveness measurement in the world.

“The expanding presence and integration of mobile in our everyday lives gives us more insight into what people are seeing, hearing and experiencing than ever before,” said Edan Portaro, Instantly’s executive vice president of mobile innovation. “By partnering with Viggle, we are tapping into this great mobile resource to provide brands with an accurate understanding of their advertising campaigns’ success.”

By exposing mobile consumers to ads from its partner networks, Instantly can measure consumer engagement with cross-screen advertising campaigns and then track resulting foot traffic driven to brick-and-mortar stores or tie ad exposure to online purchase behavior. This type of insight helps close the ad measurement loop and has led to great successes for brands and advertisers.

“This new partnership further illustrates the power of the Viggle app to give advertisers the valuable metrics they need in order to evaluate viewership demographics accurately, while serving as a significant new driver of revenue for Viggle,” said John Small, Chief Financial Officer at Viggle Inc. “In turn, we believe Viggle users will enjoy the new opportunities to earn Viggle points made possible by participating in the market research studies provided by Instantly.”

About Instantly, Inc.

Instantly™ is the world’s largest audiences and insights platform, providing researchers and marketers with immediate access to consumers and automated insights tools to make faster, better decisions. Instantly is based in Los Angeles, with offices in the United States, Europe and Asia. For more information, visit www.instant.ly.

About Viggle, Inc.

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 23.6 million for the three months ended June 30, 2015, including nearly 10 million Viggle registered users. Since its launch, Viggle members have redeemed over $26 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

Safe Harbor Statement

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Instantly, Inc.
Media:
MWW
Chris Prouty, 213-405-3789
instantly@mww.com
or
Viggle Inc.
Investor Relations:
John C. Small, 646-738-3220
CFO
john@viggle.com
or
Media:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle, Inc.

]]>
Insights Regarding Viggle’s Automation Platform to Be Featured in VentureBeat Webinar http://ir.viggleinc.com/news/detail/90/insights-regarding-viggles-automation-platform-to-be-featured-in-venturebeat-webinar Wed, 29 Jul 2015 08:00:00 -0400 http://ir.viggleinc.com/news/detail/90/insights-regarding-viggles-automation-platform-to-be-featured-in-venturebeat-webinar

As Viggle Approaches 10 Million User Mark Platform Reach and Value to Advertisers Increases

User Traction Underscores Ongoing Cord-Cutting Trend and Increasing Importance of Rewards Programs

NEW YORK-- As Viggle Inc. (NASDAQ:VGGL), the entertainment marketing and rewards platform, approaches the 10 million user mark in Viggle app downloads, VentureBeat will feature Julie Gerola, Senior Vice President of Marketing and Rewards, with others in a live panel webinar on Thursday, July 30 at 10:00 AM Pacific, 1:00 PM Eastern. Register here for free.

Viggle was also just featured in an article by Venture Beat titled: Mobile Marketing Automation PT V: Getting Right Time, Right Place Right which can be accessed at: http://venturebeat.com/2015/07/27/mobile-marketing-automation-pt-v-getting-right-time-right-place-right-webinar/

Gerola will likely discuss the fact that consumers increasingly want to watch and listen to content at their convenience or on-demand: Viggle’s growing number of users reflects both this trend and the strength as well as timeliness of Viggle’s offering that bridges the needs of advertisers and consumers.

According to a report from U.K. media regulator, Ofcom, people age 16 to 24 watch only about 50 percent of the TV programming they consume live, with most of the remaining 50 percent viewed online. A study conducted by Nielsen and YuMe found that 92 percent of U.S. millennials use a second screen while watching TV, with 47 percent simultaneously accessing further information about the TV content they are watching.

At the same time, consumer interest in loyalty or rewards programs also continues to rise. Business Insider recently reported that from 2008 to 2012, U.S. loyalty memberships increased by 10 percent per annum, reaching 23 memberships per household in 2012. A recent McKinsey study of 55 North American and European publicly traded companies showed that market capitalizations for companies with strong loyalty programs outpaced those of companies that do not offer or emphasize a rewards program.

As recently reported by the Company, 600,000 new users registered on the Viggle platform during its fiscal fourth quarter, bringing net registered users to more than 9.5 million at the end of June 2015. Subsequently, the Company has continued to grow its user base and is now approaching 10 million users. By the end of the fiscal fourth quarter, Viggle’s net registered user base had increased by 78 percent compared to the 5.4 million at the end of June 2014. These metrics prompted the Company’s recent announcement that it expects Fiscal 2015 revenue to increase by roughly 42 percent year-over-year to $25.6 million.

As of June 30, 2015, Viggle users have cumulatively checked into more than 504 million TV programs. This compares to more than 478.1 million TV programs as of March 31, 2015 and 379.5 million as of March 2014. Viggle users have cumulatively matched more than 188 million songs using the Viggle Music service, up from more than 146.5 million songs as of March 31, 2015 and more than 26.0 million songs as of March 31, 2014.

Importantly, Viggle members continue to spend more than an hour with the Company’s app each time they engage. This is another metric that the Company believes makes its growing user base an attractive platform for advertisers.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 23.6 million for the three months ended June 30, 2015, including nearly 10 million Viggle registered users. Since its launch, Viggle members have redeemed over $26 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

Safe Harbor Statement

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Investor Relations:
Viggle Inc.
John C. Small, 646-738-3220
CFO
john@viggle.com
or
Media:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

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With Over 9.5 Million Registered Users, Viggle Expects Fiscal 2015 Revenue to Increase More Than 40% Year-Over-Year to $25.6 Million http://ir.viggleinc.com/news/detail/89/with-over-9-5-million-registered-users-viggle-expects-fiscal-2015-revenue-to-increase-more-than-40-year-over-year-to-25-6-million Thu, 23 Jul 2015 08:00:00 -0400 http://ir.viggleinc.com/news/detail/89/with-over-9-5-million-registered-users-viggle-expects-fiscal-2015-revenue-to-increase-more-than-40-year-over-year-to-25-6-million

Adjusted EBITDA for Fourth Quarter Expected to Improve 25%

NEW YORK-- Viggle Inc. (Nasdaq:VGGL) expects its fiscal 2015 full-year revenue for the period ended June 30, 2015 will be approximately $25.6 million, and approximately $6.9 million for the fiscal fourth quarter, representing a 42% and 30% increase over the prior year and quarter, respectively. The company also expects to report an Adjusted EBITDA loss for fiscal 2015 of approximately $29.6 million, and approximately $6.2 million for the fiscal fourth quarter. The company expects to report full-year financial results no later than September 28, 2015.

John Small, Chief Financial Officer of Viggle, said, “Increased advertising on the Viggle app led to our substantial growth in revenue this quarter. Our aggressive and consistent marketing efforts over the past year helped to drive those advertising revenues to the current levels. Adjusted EBITDA for the quarter improved year-over-year, but decreased for the full year because of those increased marketing expenses.”

Key metrics for the fiscal fourth quarter ended June 30, 2015 were:

  • Average monthly total reach for F4Q 2015 was 23.6 million, compared with 17.7 million in the year-ago quarter, a 33% increase, and 25.7 million for the quarter ended March 31, 2015.
  • Average active reach in the quarter was 10.2 million compared with 6.4 million for F4Q 2014, an increase of 60%, and compared with 10.6 million in F3Q 2015.
  • Almost 600,000 new users registered on the Viggle platform, bringing net registered users to more than 9.5 million, compared with 5.4 million net registered users as of the end of the year-ago fourth quarter, an increase of 78 percent.
  • As of June 30, 2015, Viggle users have cumulatively checked into more than 504 million TV programs and matched more than 188 million songs using the Viggle Music service. Overall, users’ average time in the Viggle app has been nearly 65 minutes per session.
  • As of June 30, 2015, users have cumulatively redeemed more than 64 billion points for approximately 5 million rewards, an average of 12,940 points per reward redemption. The total retail value of rewards redeemed through June 30, 2015 is approximately $26 million.

Non-GAAP Adjusted Rewards Costs and Adjusted EBITDA

The Company provides a non-GAAP measure for adjusted rewards costs as an alternative view of the Company’s cost of providing rewards to its users. The Company reports rewards costs in its Consolidated Statement of Operations in both cost of watchpoints and engagement points and in selling, general and administrative expenses. Management believes that a useful financial measure for investors is to provide to them the amount of cash the Company has actually paid to provide rewards to its users. Therefore, the Company adjusts cost of watchpoints and engagement points as reported, which represents the cost of points earned by users during the period, to the cost of actual rewards redeemed by users during the period. Selling, general and administrative expenses as reported are likewise adjusted as certain point costs are classified as marketing. The Company also presents Adjusted EBITDA. Adjusted EBITDA is a non-GAAP measure that represents operating loss (as reported) plus depreciation and amortization, stock based compensation and adjustment to rewards costs. Management believes these non-GAAP measures enhance investors’ understanding of the Company’s financial performance. The information on adjusted rewards costs and Adjusted EBITDA should be considered in addition to, but not in lieu of operating income prepared in accordance with generally accepted accounting principles in the United States (GAAP). Since adjusted reward costs and Adjusted EBITDA are not measures determined in accordance with GAAP, they have no standardized meaning prescribed by GAAP and therefore, may not be comparable to the calculation of similar measures of other companies. A reconciliation between GAAP financial measures and non-GAAP financial measures is as follows.

                           

Reconciliation of rewards cost to
adjusted rewards cost and selling,
general and administrative expenses to
adjusted selling, general and
administrative expenses (amounts
in thousands)

Quarter
Ended
June 30,
2015

     

Quarter
Ended
June 30,
2014

     

12 Months
Ended
June 30,
2015

     

12 Months
Ended
June 30,
2014

Cost of watchpoints and engagement points as reported $ (2,626 ) $ (801 ) $ (9,574 ) $ (2,310 )
Adjustment to cost of watchpoints and engagement points   358           (273 )         3,090           (2,594 )
Adjusted cost of watchpoints and engagement points   (2,268 )         (1,074 )         (6,484 )         (4,904 )
 
Selling, general and administrative expenses as reported (19,989 ) (21,853 ) (90,704 ) (81,534 )
Adjustment to selling, general and administrative expenses   2,328           (31 )         3,501           (283 )
Adjusted selling, general and administrative expenses $ (17,661 )       $ (21,884 )       $ (87,203 )       $ (81,817 )
 
 
 

Reconciliation of operating loss to
Adjusted EBITDA (amounts in thousands)

Quarter
Ended
June 30,
2015

     

Quarter
Ended
June 30,
2014

     

12 Months
Ended
June 30,
2015

     

12 Months
Ended
June 30,
2014

Revenue $ 6,899 $ 5,308 $ 25,584 $ 17,985
 
Operating loss as reported (15,716 ) (16,444 ) $ (74,694 ) (65,859 )
Add:
Stock compensation costs 5,345 6,862 32,439 36,704
Adjustment to cost of watchpoints and engagement points 358 (273 ) 3,090 (2,594 )
Adjustment to Selling, general and administrative expenses 2,328 (420 ) 3,501 (1,459 )
Depreciation and amortization costs   1,482           1,851           6,040           5,894  
Adjusted EBITDA * $ (6,203 )       $ (8,424 )       $ (29,624 )       $ (27,314 )
 

* Adjusted EBITA is a non-GAAP measure,
but shown above it represents operating
loss plus depreciation and amortization,
stock based compensation, interest
(expense) income, net, certain one-time
selling, general and administrative costs,
and adjustment to rewards costs

 

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 23.6 million for the three months ended June 30, 2015, including nearly 10 million Viggle registered users. Since its launch, Viggle members have redeemed over $26 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

For Viggle:
Investors:
John C. Small, 1-646-738-3220
CFO
john@viggle.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
Viggle Announces the Closing of a $4.2 Million Underwritten Sale of Common Stock to a Single Institutional Investor http://ir.viggleinc.com/news/detail/88/viggle-announces-the-closing-of-a-4-2-million-underwritten-sale-of-common-stock-to-a-single-institutional-investor Tue, 30 Jun 2015 16:01:00 -0400 http://ir.viggleinc.com/news/detail/88/viggle-announces-the-closing-of-a-4-2-million-underwritten-sale-of-common-stock-to-a-single-institutional-investor

NEW YORK-- Viggle Inc. (Nasdaq:VGGL) has closed an underwritten sale of 2,048,780 shares of its common stock at $2.05 per share to Wolverine Asset Management. Gross proceeds from the sale are approximately $4.2 million. Viggle intends to use the proceeds from the offering to fund general corporate purposes.

Robert F.X. Sillerman, the Company's Executive Chairman and Chief Executive Officer, commented on the transaction, "We are very excited to have completed this financing with one of the preeminent small-cap investors in the market today."

Ladenburg Thalmann & Co. Inc. a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS) acted as the sole bookrunner in connection with the offering. H.C. Wainwright & Co. and Chardan Capital Markets, LLC, acted as co-managers for the offering.

The shares described above were issued by Viggle, Inc. pursuant to a “shelf” registration statement on Form S-3 (File No. 333-201952) previously filed with and subsequently declared effective by the Securities and Exchange Commission (SEC). A final prospectus supplement and an accompanying base prospectus relating to the offering were filed with the SEC today. Copies of the final prospectus supplement and the accompanying base prospectus relating to this offering may be obtained at the SEC's website at www.sec.gov or by contacting Ladenburg Thalmann & Co. Inc., 570 Lexington Avenue, 11th Floor, New York, New York 10022, or by e-mailing prospectus@ladenburg.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 25.7 million for the three months ended March 31, 2015, including over 9.0 million Viggle registered users. Since its launch, Viggle members have redeemed over $24 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

For Viggle:
Investors:
John C. Small, 1-646-738-3220
CFO
john@viggle.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

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Viggle Announces Pricing of $4.2 Million Underwritten Sale of Common Stock to a Single Institutional Investor http://ir.viggleinc.com/news/detail/87/viggle-announces-pricing-of-4-2-million-underwritten-sale-of-common-stock-to-a-single-institutional-investor Mon, 29 Jun 2015 17:31:00 -0400 http://ir.viggleinc.com/news/detail/87/viggle-announces-pricing-of-4-2-million-underwritten-sale-of-common-stock-to-a-single-institutional-investor

NEW YORK-- Viggle Inc. (Nasdaq:VGGL) today announced it has priced an underwritten sale of 2,048,780 shares of its common stock at $2.05 per share, the closing price on June 26, 2015. Gross proceeds from the sale are expected to be approximately $4.2 million. Viggle intends to use the proceeds from the offering to fund general corporate purposes. The offering is expected to close on or about June 30, 2015, subject to customary closing conditions.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), acted as the sole bookrunner in connection with the offering. H.C. Wainwright & Co. Inc. and Chardan Capital Markets, LLC, are acting as co-managers for the offering.

The securities described above are being offered by the company pursuant to a "shelf" registration statement on Form S-3 (File No. 333-201952) previously filed with and declared effective by the Securities and Exchange Commission (SEC) on May 18, 2015. A prospectus supplement related to the offering will be filed with the SEC. Once filed with the SEC, copies of the prospectus supplement and the accompanying base prospectus relating to this offering may be obtained from Ladenburg Thalmann & Co. Inc., 570 Lexington Avenue, 11th Floor, New York, New York 10022, or by e-mailing prospectus@ladenburg.com, or by accessing the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 25.7 million for the three months ended March 31, 2015, including nearly 9.0 million Viggle registered users. Since its launch, Viggle members have redeemed over $24 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

For Viggle:
Investors:
John C. Small, 1-646-738-3220
CFO
john@viggle.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

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Viggle Appoints Kyle Brink to General Manager and Mario Cruz to Head of Product Development http://ir.viggleinc.com/news/detail/86/viggle-appoints-kyle-brink-to-general-manager-and-mario-cruz-to-head-of-product-development Mon, 29 Jun 2015 10:34:00 -0400 http://ir.viggleinc.com/news/detail/86/viggle-appoints-kyle-brink-to-general-manager-and-mario-cruz-to-head-of-product-development

Will Guide Company on Its Next Wave of Product Development

NEW YORK-- Viggle Inc. (Nasdaq:VGGL) has appointed Kyle Brink, former SVP Product Development, to General Manager. Mario Cruz, co-founder of Viggle’s Choose Digital, has been appointed to Head of Product Development. Along with CEO and Board Chairman Robert F.X. Sillerman, the Company is completing the transition put in place in January 2015 after expanding the roles of John Small, CFO and Kyle Brink, former SVP of Product Development.

Viggle also announces the resignation of Greg Consiglio as president and COO, effective close of business on June 30. The Nominating Committee of the Company’s Board of Directors intends to nominate Mr. Consiglio to become a member of the Board at the Company’s next annual stockholders meeting.

“Greg has led Viggle to tremendous growth for the past four years,” said Mr. Sillerman. “He has expanded the platform, overseen a series of acquisitions and has grown the user base significantly. He has put a terrific team in place. I am confident that Kyle, John and Mario will take Viggle into the next phase of its growth.”

For more details about this and other information relating to the Company's previously announced initiative to seek strategic alternatives please see the Company's 8-K filed today.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 25.7 million for the three months ended March 31, 2015, including nearly 9.0 million Viggle registered users. Since its launch, Viggle members have redeemed over $24 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

For Viggle:
Investors:
John C. Small, 1-646-738-3220
CFO
john@viggle.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
Viggle’s Premier Entertainment and Advertising Rewards Platform Solidifies Status with 11th Patent Allowance http://ir.viggleinc.com/news/detail/85/viggles-premier-entertainment-and-advertising-rewards-platform-solidifies-status-with-11th-patent-allowance Thu, 11 Jun 2015 08:00:00 -0400 http://ir.viggleinc.com/news/detail/85/viggles-premier-entertainment-and-advertising-rewards-platform-solidifies-status-with-11th-patent-allowance

Expanding Proprietary Portfolio Strengthens Value and Market Positioning for Advertisers and Consumers Alike

NEW YORK-- With the Notice of Allowance from the U.S. Patent and Trademark Office for its 11th patent, Viggle Inc. (Nasdaq:VGGL) has added more value to its unique multifaceted mobile and web-based entertainment marketing platform which offers companies and their brands an entirely new way to interact with desired consumers. The new patent covers proprietary design features relating to a new interactive television programming guide. It is granted by title: “Display Screen or Portion Thereof with Animated User Interface.”

Recognizing the convergence of the facts that consumers don’t always like to be “sold” via traditional advertising methods and that advertisers purchasing online media ads want more evidence that their ads are reaching preferred target audiences, Viggle aims to bridge the gaps.

“The marketplace is crowded with more products and services than ever, yet companies and their brands, as well as end consumers, still seek to connect. Both sides of the equation want this to happen. However, it is paramount to define new economically viable ways for brands to interact with consumers. Viggle is providing that answer because we can better assure our advertisers that they are engaging with demographically appropriate consumers, primarily on smartphones, while at the same time giving our users fun, interactive ways to learn about new products,” said Greg Consiglio, president and COO of Viggle.

“Just as our wide selection of rewards continues to expand, so does the innovation supporting the collective assets of the Viggle technology platform. These new patents, along with our patents for audio recognition, loyalty and our Wetpaint portfolio, show that Viggle is continuing to innovate in various areas of entertainment marketing technology,” Mr. Consiglio added.

Viggle is on the cutting edge of advertising with an entirely new platform that recognizes the entertainment interests of consumers and rewards them for responding to the advertising messages that resonate with their interests. This Notice of Allowance adds to Viggle’s growing patent portfolio designed to protect Viggle’s exclusive positioning to provide advertisers a unique way to interact with their desired audiences. Recently, two other patents surrounding its technology were also granted. One of these protected the backbone technology that provides for collection of an audio sample from a user’s smartphone, comparing the audio sample with audio samples from multiple broadcast channels, looking up corresponding scheduling information and then sharing the information related to the broadcast to the user. The other recently secured patent covers the technology that provides for collecting audio signals from a user, receiving audio signals from multiple broadcast sources, comparing those audio signals, determining the program the user is watching based on the comparison and automatically awarding, based on that determination, an incentive to the user. (Respectively: “Automatic Detection of Broadcast Programming” - U.S. Patent Number 9,026,034 and “Bonus and Experience Enhancement System for Receivers of Broadcast Media” - U.S. Patent Number 9,020,415.)

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 25.7 million for the three months ended March 31, 2015, including nearly 9.0 million Viggle registered users. Since its launch, Viggle members have redeemed over $24 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

For Viggle:
Investors:
John C. Small, 1-646-738-3220
CFO
john@viggle.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
Viggle’s MYGUY Fantasy Basketball Game Offers Real-Time Engagement During 2015 NBA Playoffs http://ir.viggleinc.com/news/detail/84/viggles-myguy-fantasy-basketball-game-offers-real-time-engagement-during-2015-nba-playoffs Mon, 08 Jun 2015 08:00:00 -0400 http://ir.viggleinc.com/news/detail/84/viggles-myguy-fantasy-basketball-game-offers-real-time-engagement-during-2015-nba-playoffs

MYGUY Is the Only Fantasy Game That Lets Users Coach While They Watch

NEW YORK-- Viggle Inc. (Nasdaq:VGGL), a mobile and web-based entertainment marketing platform for media companies, brands and consumers, is giving users of the Viggle app an extra reason to cheer during the 2015 NBA Playoffs with its MYGUY Basketball fantasy game. MYGUY Basketball lets users coach and play at the same time. Users playing MYGUY make game-time decisions just as the coach does courtside. If your first pick isn't performing or if a new hot hand is on the court, change your pick on the fly and earn more Viggle Points for a wide range of rewards.

Viggle users who played along with MYGUY Basketball earned more than 23 million Viggle Points during Game 1 of the NBA Finals on June 4, pitting the Cleveland Cavaliers versus the Golden State Warriors. Last night, during Game 2, Viggle users earned 22 million Viggle Points. Viggle users will also be able to play MYGUY Basketball during Games 3 and 4 on June 9 and June 11, as well as during additional games on June 14, June 16 and June 19 if the series continues.

Kyle Brink, SVP Product Development at Viggle, said, “Championship-level pro basketball is one of the fastest-moving, most exciting events in sports. We designed MYGUY Basketball to let Viggle users play right along with it. As the only fantasy basketball game where you can earn real rewards and change your players during the game, it brings that dynamic excitement right into your hands. No matter which team wins on the court, Viggle users who join in the game with MYGUY can be rewarded for their quick thinking and shrewd choices with Viggle points that can be redeemed for an impressive range of valuable items.”

Viggle users can earn up to +10,000 Viggle Points per game during MYGUY Basketball. Each quarter of play is a bite-sized, real-time fantasy game, where your score is based on how well your chosen player performs in real time. At end of each quarter, you receive the Viggle Points you earned based on your MYGUY score for that quarter, and your MYGUY score and player selection resets for the next quarter. You select a player at the start of every quarter, and you must earn a MYGUY score of at least 50 to earn Viggle Points for any given quarter. Users with MYGUY scores in a quarter between 50-99 earn +500 Viggle Points; scores between 100-149 earn +1,000 Viggle Points; and scores 150+ earn +2,500 Viggle Points. Viggle users can redeem their Viggle Points for a wide array of movies, music, TV shows, gift cards, audiobooks, ebooks and more.

For more details on MYGUY Basketball and how to earn points during a game, click here.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 25.7 million for the three months ended March 31, 2015, including nearly 9.0 million Viggle registered users. Since its launch, Viggle members have redeemed over $24 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

For Viggle:
Investors:
John C. Small, 646-738-3220
CFO
john@viggle.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
Viggle Announces Closing of Public Offering of Common Stock http://ir.viggleinc.com/news/detail/83/viggle-announces-closing-of-public-offering-of-common-stock Thu, 28 May 2015 12:30:00 -0400 http://ir.viggleinc.com/news/detail/83/viggle-announces-closing-of-public-offering-of-common-stock

NEW YORK-- Viggle Inc. (Nasdaq:VGGL), a mobile and web-based entertainment marketing platform for media companies, brands and consumers, announced today the closing of its previously announced underwritten public offering of 3,626,179 shares of its common stock at a public offering price of $2.50 per share, resulting in gross proceeds of approximately $9,065,447.

The net proceeds are expected to be approximately $8,441,520, after deducting underwriting discounts, commissions and estimated closing expenses payable by the company. The company has also granted the underwriters a 45-day option to purchase up to 543,927 additional shares of common stock to cover over-allotments, if any.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS) acted as sole book-running manager for the offering.

The securities described above were issued by the company pursuant to a "shelf" registration statement on Form S-3 (File No. 333-201952) previously filed with and declared effective by the Securities and Exchange Commission (SEC) on May 18, 2015. A final prospectus supplement and an accompanying prospectus relating to the offering was filed with the SEC on May 22, 2015. Electronic Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained from Ladenburg Thalmann & Co. Inc., 570 Lexington Avenue, 11th Floor, New York, New York 10022, or by e-mailing prospectus@ladenburg.com,or by accessing the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 25.7 million for the three months ended March 31, 2015, including nearly 9.0 million Viggle registered users. Since its launch, Viggle members have redeemed over $24 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

For Viggle:
Investors:
John C. Small, 646-738-3220
CFO
john@viggle.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
Viggle Announces Pricing of Public Offering of Common Stock http://ir.viggleinc.com/news/detail/82/viggle-announces-pricing-of-public-offering-of-common-stock Fri, 22 May 2015 08:45:00 -0400 http://ir.viggleinc.com/news/detail/82/viggle-announces-pricing-of-public-offering-of-common-stock

NEW YORK-- Viggle Inc. (Nasdaq:VGGL), a mobile and web-based entertainment marketing platform for media companies, brands and consumers, announced today the pricing of its previously announced underwritten public offering of 3,626,179 shares of its common stock at a public offering price of $2.50 per share, resulting in gross proceeds of approximately $9,065,447.

The offering is expected to close on May 28, 2015, subject to the satisfaction of customary closing conditions. The company has also granted the underwriters a 45-day option to purchase up to 543,927 additional shares of common stock to cover over-allotments, if any.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS) is acting as sole book-running manager for the proposed offering.

The securities described above are being offered by the company pursuant to a "shelf" registration statement on Form S-3 (File No. 333-201952) previously filed with and declared effective by the Securities and Exchange Commission (SEC) on May 18, 2015. A final prospectus supplement and an accompanying prospectus relating to the offering will be filed with the SEC. Electronic Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained, when available, from Ladenburg Thalmann & Co. Inc., 570 Lexington Avenue, 11th Floor, New York, New York 10022, or by e-mailing prospectus@ladenburg.com,or by accessing the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 25.7 million for the three months ended March 31, 2015, including nearly 9.0 million Viggle registered users. Since its launch, Viggle members have redeemed over $24 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

For Viggle:
Investors:
John C. Small, 1-646-738-3220
CFO
john@viggle.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
Viggle Announces Proposed Public Offering of Common Stock http://ir.viggleinc.com/news/detail/81/viggle-announces-proposed-public-offering-of-common-stock Thu, 21 May 2015 16:10:00 -0400 http://ir.viggleinc.com/news/detail/81/viggle-announces-proposed-public-offering-of-common-stock

NEW YORK-- Viggle Inc. (Nasdaq:VGGL), a mobile and web-based entertainment marketing platform for media companies, brands and consumers, announced today that it intends to offer shares of its common stock in an underwritten public offering. The company expects to grant the underwriters of the offering an option to purchase additional shares of common stock to cover over-allotments, if any. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS) is acting as sole book-running manager for the proposed offering.

The company intends to use the net proceeds of the offering for general corporate purposes.

The securities described above are being offered by the company pursuant to a "shelf" registration statement on Form S-3 (File No. 333-201952) previously filed with and declared effective by the Securities and Exchange Commission (SEC) on May 18, 2015. A preliminary prospectus supplement and an accompanying prospectus relating to the offering will be filed with the SEC. Electronic copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may be obtained, when available, from Ladenburg Thalmann & Co. Inc., 570 Lexington Avenue, 11th Floor, New York, New York 10022, or by e-mailing prospectus@ladenburg.com,or by accessing the SEC's website at www.sec.gov.

Before investing in the offering, you should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the company has filed with the SEC that are incorporated by reference in the prospectus supplement and the accompanying prospectus, which provide more information about the company and the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 25.7 million for the three months ended March 31, 2015, including nearly 9.0 million Viggle registered users. Since its launch, Viggle members have redeemed over $24 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

For Viggle:
Investors:
John C. Small, 1-646-738-3220
CFO
john@viggle.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
52% Year-over-Year Revenue Growth and 116% Increase in Net Registered Users as Viggle Celebrates Its Three-Year Anniversary http://ir.viggleinc.com/news/detail/80/52-year-over-year-revenue-growth-and-116-increase-in-net-registered-users-as-viggle-celebrates-its-three-year-anniversary Mon, 11 May 2015 08:00:00 -0400 http://ir.viggleinc.com/news/detail/80/52-year-over-year-revenue-growth-and-116-increase-in-net-registered-users-as-viggle-celebrates-its-three-year-anniversary

New Wetpaint Launched with Celebrity Support

Conference Call at 9:00 am ET

NEW YORK-- Strong year-over-year growth in revenue and gains in key operating metrics were demonstrated by Viggle Inc. (NASDAQ:VGGL), the entertainment marketing and rewards platform, during its third quarter of fiscal year 2015 ended March 31, 2015.

Greg Consiglio, President and COO of Viggle, said, “As we celebrate our three-year milestone of operations this quarter, the Viggle experience has become more rewarding for our users and advertising partners. During this quarter, we spent a lot of time and energy preparing for our upgrade of Wetpaint, which took place this past week with celebrity enthusiasm and support. Now fully optimized for mobile, Wetpaint delivers timely celebrity news and entertainment and the best part is that it’s now fully integrated with the Viggle platform."

Fiscal Third Quarter Highlights

Key Metrics

  • Average monthly total reach for the quarter ended March 31, 2015 was 25.66 million, compared with 19.35 million for the year-ago quarter, and 26.04 million for the quarter ended December 31, 2014.
  • Average active reach for the F3Q 2015 quarter was 10.59 million compared with 6.51 million for F3Q 2014, an increase of 63%, and compared with 10.46 million for F2Q 2015.
  • Almost one million new users registered on the Viggle platform during the quarter, bringing net registered users to more than 8.95 million, compared with 4.14 million net registered users as of the end of the year-ago quarter, an increase of 116 percent.
  • As of the end of F3Q 2015, Viggle users have checked into more than 478 million TV programs and matched more than 146 million songs using the Viggle Music service. Overall, users’ average time in the Viggle app has been nearly 62 minutes per session.
  • As of March 31, 2015, users have redeemed more than 57 billion points for approximately 4.7 million rewards, an average of 12,182 points per reward redemption. The total retail value of rewards redeemed through March 31, 2015 is approximately $24.3 million.

Business Highlights

  • Following significant user testing, the Viggle app has been redesigned to streamline the registration experience to help new users quickly appreciate the value proposition and get them into the habit of using Viggle when they watch TV and identify music.
  • Viggle launched a partnership with RewardsPay® (www.rewardspay.com), an innovative payment platform, that gives Viggle users the opportunity to apply their Viggle points toward purchases of goods from popular online retailers.
  • Viggle partnered with inMarket, the world’s largest beacon platform, to profile targeted offers and branded engagement to Viggle users based on context and their proximity to retail environments. This was launched in March.
  • Wetpaint has made history on social media yet again as the first-ever entertainment site to let the celebrities who love it announce the news of its relaunch on the brand's behalf. Using the hashtag #freshpaint, more than 100 participants tweeted, including headliner American Horror Story’s Naomi Grossman, reality icon Heidi Montag, and Twitter favorite DJ Pauly D. So far, news of Wetpaint's relaunch has reached more than 8.5 million Twitter accounts, with a total of 10.4 million impressions.
  • Viggle signed a sales agency agreement with SFX that was created to significantly bolster Viggle’s brand partnership, media and sponsorship capabilities. The combined sales organization at SFX now represents Viggle and Wetpaint to brand advertisers and is selling inventory for both companies.

Financial Results

  • F3Q 2015 revenue increased 52% to $5.0 million compared with $3.3 million in the year-ago third quarter. Sequential quarterly revenue decreased $2.2 million or 30.1% compared with the F2Q 2015, reflecting seasonality of the advertising industry.
  • Adjusted EBITDA loss for F3Q 2015 was $8.7 million compared with an Adjusted EBITDA loss of $7.9 million in F3Q 2014 and $6.9 million in F2Q 2015. Although revenue increased, adjusted EBITDA loss grew compared with a year ago primarily due to an increase in marketing costs, which was partially offset by a decrease in personnel-related costs.
  • Non-marketing operating costs fell by $1.8 million in F3Q 2015 compared with F3Q 2014, and marketing spend increased by $3.4 million compared with F3Q 2014. Sequentially, non-marketing operating costs decreased by $1.4 million compared with F2Q 2015.

For more details on these results and a description of all definitions, please see Viggle’s quarterly form 10-Q filed this same date.

Conference Call and Webcast

Date: Monday, May 11, 2015
Time: 9:00 am Eastern Time (ET)
Dial-in Number for U.S. & Canadian Callers: 1-877-407-3102
Dial-in Number for International Callers (Outside of the U.S. & Canada): 1-201-493-6790

Participating on the call will be Viggle President and Chief Operating Officer Greg Consiglio and Chief Financial Officer John C. Small, who will discuss operational and financial highlights for the fiscal 2015 third quarter.

Also participating on the call will be Viggle Executive Chairman and CEO Robert F.X. Sillerman, who will discuss financing and the strategic direction of the company.

To join the live conference call, please dial into the above referenced telephone numbers 5 to 10 minutes prior to the scheduled conference call time. A live webcast and archive of the call will also be available on Viggle’s website at: http://viggleinc.equisolvewebcast.com/q3-2015.

A replay will be available for 14 days starting on May 11, 2015, beginning one hour after the end of the conference call, and will run through midnight on May 25, 2015. To access the replay, please dial 1-877-660-6853 in the U.S. and 1-201-612-7415 for international callers. The conference ID# is 13594822.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 25.7 million for the three months ended March 31, 2015, including nearly 9.0 million Viggle registered users. Since its launch, Viggle members have redeemed over $24 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Non-GAAP Adjusted Rewards Costs and Adjusted EBITDA

The Company provides a non-GAAP measure for adjusted rewards costs as an alternative view of the Company’s cost of providing rewards to its users. The Company reports rewards costs in its Consolidated Statement of Operations in both cost of watchpoints and engagement points and in selling, general and administrative expenses. Management believes that a useful financial measure for investors is to provide to them the amount of cash the Company has actually paid to provide rewards to its users. Therefore, the Company adjusts cost of watchpoints and engagement points as reported, which represents the cost of points earned by users during the period, to the cost of actual rewards redeemed by users during the period. Selling, general and administrative expenses as reported are likewise adjusted as certain point costs are classified as marketing. The Company also presents Adjusted EBITDA. Adjusted EBITDA is a non-GAAP measure that represents operating loss (as reported) plus depreciation and amortization, stock based compensation and adjustment to rewards costs. Management believes these non-GAAP measures enhance investors’ understanding of the Company’s financial performance. The information on adjusted rewards costs and Adjusted EBITDA should be considered in addition to, but not in lieu of operating income prepared in accordance with generally accepted accounting principles in the United States (GAAP). Since adjusted reward costs and Adjusted EBITDA are not measures determined in accordance with GAAP, they have no standardized meaning prescribed by GAAP and therefore, may not be comparable to the calculation of similar measures of other companies. A reconciliation between GAAP financial measures and non-GAAP financial measures is as follows.

Tables follow

           

Reconciliation of rewards cost to
adjusted rewards cost and selling,
general and administrative
expenses to adjusted selling,
general and administrative
expenses (amounts in thousands)

                 
     

Quarter
Ended
March 31,
2015

 

Quarter
Ended
March 31,
2014

 

9 Months
Ended
March 31,
2015

 

9 Months
Ended
March 31,
2014

Cost of watchpoints and engagement
 points as reported

    $ (2,758 )   $ 1,148     $ (6,948 )   $ (1,509 )

Adjustment to cost of watchpoints
 and engagement points

      823       (2,093 )     2,664       (2,340 )

Adjusted cost of watchpoints and
 engagement points

      (1,935 )     (945 )     (4,284 )     (3,849 )
                   

Selling, general and administrative
 expenses as reported

      (21,918 )     (18,841 )     (70,704 )     (61,745 )

Adjustment to selling, general and
 administrative expenses

      147       (157 )     312       (230 )

Adjusted selling, general and
 administrative expenses

    $ (21,771 )   $ (18,998 )   $ (70,392 )   $ (61,975 )
 
           

Reconciliation of operating loss to
Adjusted EBITDA (amounts in
thousands)

                 
     

Quarter
Ended
March 31,
2015

 

Quarter
Ended
March 31,
2014

 

9 Months
Ended
March 31,
2015

 

9 Months
Ended
March 31,
2014

Revenue     $ 5,021     $ 3,306     $ 18,680     $ 12,677  
                   
Operating loss as reported       (19,655 )     (14,387 )     (58,972 )     (50,577 )
Add:                  
Stock compensation costs       8,672       6,408       27,094       29,843  

Adjustment to cost of watchpoints and
engagement points

      823       (2,093 )     2,664       (2,340 )

Adjustment to Selling, general and
administrative expenses

      147       218       1,189       145  
Depreciation and amortization costs       1,275       1,978       4,558       4,043  
Adjusted EBITDA *     $ (8,738 )   $ (7,876 )   $ (23,467 )   $ (18,886 )

* Adjusted EBITA is a non-GAAP
measure, but shown above it
represents operating loss plus
depreciation and amortization, stock
based compensation, interest
(expense) income, net, certain
one-time selling, general and
administrative costs, and adjustment
to rewards costs

                 

Investor Relations:
Viggle Inc.
John C. Small, 1-646-738-3220
CFO
john@viggle.com
or
IRTH Communications
Robert Haag, 1-866-976-4784
Managing Partner
VGGL@irthcommunications.com
or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

]]>
Viggle Schedules Conference Call on Monday, May 11 at 9:00 AM ET to Discuss Fiscal 2015 Third Quarter Results http://ir.viggleinc.com/news/detail/79/viggle-schedules-conference-call-on-monday-may-11-at-9-00-am-et-to-discuss-fiscal-2015-third-quarter-results Mon, 27 Apr 2015 12:00:00 -0400 http://ir.viggleinc.com/news/detail/79/viggle-schedules-conference-call-on-monday-may-11-at-9-00-am-et-to-discuss-fiscal-2015-third-quarter-results

NEW YORK-- Viggle Inc. (NASDAQ:VGGL), the entertainment marketing and rewards platform, has scheduled a conference call on Monday, May 11, 2015 at 9:00 A.M. Eastern Time (ET) to review results for the fiscal 2015 third quarter ended March 31, 2015.

Conference call information:
Date: Monday, May 11, 2015
Time: 9:00 A.M. Eastern Time (ET)
Dial in Number for U.S. & Canadian Callers: 1-877-407-3102
Dial in Number for International Callers (Outside of the U.S. & Canada): 1-201-493-6790

Participating on the call will be Viggle President and Chief Operating Officer Greg Consiglio and Chief Financial Officer John Small, who will discuss operational and financial highlights for the fiscal 2015 third quarter.

To join the live conference call, please dial into the above referenced telephone numbers 5 to 10 minutes prior to the scheduled conference call time. A live webcast and archive of the call will also be available on Viggle’s website at: http://viggleinc.equisolvewebcast.com/q3-2015.

A replay will be available for 14 days starting on May 11, 2015, beginning one hour after the end of the conference call, and will run through midnight on May 25, 2015. To access the replay, please dial 1-877-660-6853 in the U.S. and 1-201-612-7415 for international callers. The conference ID# is 13594822.

About Viggle

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 26 million for the three months ended December 2014, including over 7.9 million Viggle registered users. Since its launch, Viggle members have redeemed over $22 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

Forward Looking Statement

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Investors:
IRTH Communications
Robert Haag, 866-976-4784
VGGL@irthcommunications.com
or
Investor Relations:
Viggle Inc.
John C. Small, 646-738-3220
CFO
john@viggle.com
or
Media:
Dian Griesel International
Laura Radocaj, 212-825-3210
lradocaj@dgicomm.com

Source: Viggle Inc.

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