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Related Party Transactions
6 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
Effective January 2014, the Company commenced a partnership with Real Salt Lake of Major League Soccer, which includes the placement of the Company's logo on the front of the team’s jersey as well as strategic placement of the Company's logo around the stadium and on televised broadcasts of the games. In July 2015, Dell Loy Hansen, the sole owner of Real Salt Lake and Real Monarchs SLC, became a major shareholder of the Company. During the six months ended December 31, 2017, the Company paid $1.0 million to Real Salt Lake pursuant to the terms of this partnership, and other various amounts for the endorsement of Real Monarchs SLC and product marketing expenses. During the remainder of fiscal year 2018, the Company expects to pay an additional $3.0 million to Real Salt Lake. Under the terms of this partnership, the Company paid to Real Salt Lake $0.2 million during the six months ended December 31, 2016 and a total of $2.2 million during fiscal year 2017.
During fiscal 2017, Dinng, a brand and digital brand studio, provided branding and marketing services to the Company. In June 2017, the Company completed an acquisition of the assets of Dinng. The Company's Chief Marketing Officer, Ryan Goodwin, was the Founder, President and Creative Director of Dinng. During the six months ended December 31, 2017, no payments were made by the Company to Dinng. During the six months ended December 31, 2016, the Company paid $0.2 million to Dinng for services provided.
During the six months ended December 31, 2017, Gig Economy Group ("GEG") provided outsourced software application development services to the Company pursuant to an agreement entered into between the Company and GEG in the amount of $1.3 million. During the six months ended December 31, 2016, GEG did not provide services to the Company. David Toole, a member of the Company's board of directors during the period of this report, is a majority owner and an officer of GEG.
During the six months ended December 31, 2016, Outhink Inc., a digital media and application development company, provided consulting services to the Company pursuant to an agreement for services dated October 20, 2016 between the Company and Outhink Inc. in the amount of $0.1 million. During the six months ended December 31, 2017, no payments to Outhink Inc. were made by the Company. David Toole, a member of the Company's board of directors during the period of this report, is a majority owner and serves as the Chief Executive Officer of Outhink Inc.