Subsequent Events

9 Months Ended

Mar. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Additional draws on DB Line

On April 3, 2013 and May 6, 2013, Viggle Inc. (the “Company”) drew down an additional $4,000 and $1,000 , respectively on the DB Line (see Note 6). The Company intends to use the proceeds from the DB Line to fund working capital requirements and for general corporate purposes.

Amendment of Employment Agreement

On April 4, 2013, the employment agreement of Robert F.X. Sillerman, the Executive Chairman and Chief Executive Officer of Viggle Inc. (the “Company”) was amended to provide for a decrease in his annual salary from $1,000 to $500, as well as a grant of options to purchase 2,500,000 shares of the Company's common stock at a price of $1.00 per share.

Issuance of Additional Options to Directors

On May 6, 2013, the Board of Directors approved the issuance of 186,000 additional stock options. The company expects to record a stock-based compensation charge of approximately $89 in the fourth quarter related to these options.

Resignation of Director

On May 6, 2013, Benjamin Chen resigned from the Board of Directors of the Company.