Acquisitions (Tables)

12 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Schedule of purchase price for aqcuistion

A preliminary summary of the fair value of consideration transferred for this acquisition and the estimated fair value of the assets and liabilities at the date of acquisition is as follows (amounts in thousands):

Consideration transferred:
Shares of Viggle common stock and restricted stock units based on closing market price at issuance	$	8,893
Cash paid at closing	782
Contingent consideration	4,792
Total consideration transferred	14,467
Preliminary allocation:
Goodwill	8,006
Intangible assets	5,797
Other assets	1,278
Total liabilities, including acquired accrued expenses	(614		)
	$	14,467

A preliminary summary of the fair value of consideration transferred for the Acquisition and the fair value of the assets and liabilities at the date of acquisition is as follows (amounts in thousands):

Consideration transferred:
Shares of Viggle common stock and restricted stock units based on closing market price at issuance	$	31,554
Cash paid to sellers	1,619
Contingent consideration	6,100
Total consideration transferred	39,273
Final allocation:
Goodwill	23,724
Intangible assets	19,009
Other assets	1,723
Total liabilities, including acquired accrued expenses	(5,183		)
	$	39,273

Pro Forma Information

The following unaudited pro forma condensed consolidated financial results of operations for the years ended June 30, 2014 and 2013 are presented as if the Wetpaint and Choose Digital acquisitions had been completed at the beginning of fiscal year 2013:

	Year ended June 30,
	2014			2013
Revenues	$	20,591		$	20,408
Operating loss	(70,602		)	(105,776		)
Net loss	(73,158		)	(100,150		)
Net loss per common share - basic and diluted	$	(13.17	)	$	(28.43	)