Acquisitions (Tables)

9 Months Ended

Mar. 31, 2015

Business Combinations [Abstract]

Schedule of Purchase Price for Acquisition

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 prior to the Acquisition	$	8,893
Sellers expenses paid at closing	782
Contingent consideration	4,792
Total consideration transferred	14,467
Preliminary allocation:
Goodwill	7,929
Intangible assets	5,797
Other assets	1,615
Total liabilities, including acquired accrued expenses	(874		)
	$	14,467

A 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	23,788
Intangible assets	19,009
Other assets	1,659
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 three and nine months ended March 31, 2014 are presented as if the Wetpaint and Choose Digital acquisitions had been completed at the beginning of fiscal year 2014:

	Three months ended March 31, 2014			Nine months ended March 31, 2014
Revenues	$	3,517		$	16,101
Operating loss	(14,937		)	(54,375		)
Net loss	(14,686		)	(55,606		)
Net loss per common share - basic and diluted	$	(4.24	)	$	(15.87	)