Last $19.78 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

viggle inc (VGGL) Snapshot

Open
$19.78
Previous Close
$19.78
Day High
$19.78
Day Low
$19.78
52 Week High
07/12/13 - $68.80
52 Week Low
04/15/14 - $19.78
Market Cap
185.1M
Average Volume 10 Days
161.4
EPS TTM
$-91.20
Shares Outstanding
9.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VIGGLE INC (VGGL)

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viggle inc (VGGL) Details

Viggle Inc. operates as a media company in the United States. The company provides an interactive platform to create engagement with TV content and targeted advertising through a loyalty program that rewards users for watching television. Its users receive points for checking in to and interacting with their favorite TV shows and redeem the points for real items, such as movie tickets, music, and gift cards. Viggle Inc. allows consumers to access the platform through a free application that works on various types of mobile phones and tablets. The company was formerly known as Function(x) Inc. and changed its name to Viggle Inc. in May 2012. Viggle Inc. was incorporated in 1994 and is based in New York, New York.

108 Employees
Last Reported Date: 03/31/14
Founded in 1994

viggle inc (VGGL) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $230.0K
President and Chief Operating Officer
Total Annual Compensation: $367.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

viggle inc (VGGL) Key Developments

Viggle Inc. will Change its Ticker to VGGLD from VGGL

Effective March 19, 2014, Viggle Inc. will change its Pink Sheets LLC stock ticker symbol to VGGLD from VGGL.

Viggle Inc. Enters into Fourth Amendment to Term Loan Agreement with Deutsche Bank Trust Company Americas ; Enters into Software License and Services Agreement

On March 11, 2014, Viggle Inc. entered into an amendment to the company's term loan agreement with Deutsche Bank Trust Company Americas. The term loan facility with Deutsche Bank currently has $30,000,000 in principal amount. Pursuant to the Amendment, the principal amount was increased to $35,000,000. Repayment of the term loan facility is guaranteed by Robert F.X. Sillerman, the company's Executive Chairman, Chief Executive Officer, Director and principle stockholder. On March 10, 2014, the Company entered into a Software License and Services Agreement with SFX Entertainment Inc. (SFX). Pursuant to the terms of the license agreement, SFX paid the Company $5,000,000 to license the company’s audio recognition software and related loyalty platform for a term of ten years. SFX may use the software for its own internal business purposes and may sublicense the software only to its affiliates or to its co-promoters. In addition, the company will provide support and professional services. Rates for support and development services will be charged at $150, which the Company may increase after the first year to its average hourly rate for the services. The company will also pay SFX 50% of its net revenues from the license of the software to any third party. During the term of the agreement, the company may not license the software to any third party that directly competes with SFX in the promotion of dance music. SFX agrees that it will not use the software for any business that directly competes with the Company in the field of entertainment rewards. To the extent that the Company offers terms and conditions to a third-party licensing the software that are, when taken as a whole, more favorable than the terms and conditions provided to SFX, the Company agrees to provide SFX with the same terms and conditions as the third party on a prospective basis.

Viggle Inc. Announces Amendments to Articles of Incorporation

On March 5, 2014, Viggle Inc. approved the adoption of an amendment to its Articles of Incorporation to effect a reverse stock split of all issued and outstanding shares of common stock at a ratio of 1 for 80. The effective date of the Reverse Stock Split is subject To Approve the application now pending with the Financial Industry Regulatory Authority (FINRA).

 

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Price/Earnings NM Not Meaningful
Price/Sales 1.2x
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Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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