Line of Business and Recent Acquisition (Tables)

9 Months Ended

Mar. 31, 2014

Business Combinations [Abstract]

Summary of Business Acquistion

A summary of the fair value of consideration transferred for the 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	$	31,554
Payable to sellers	1,619
Contingent consideration (a)	6,100
Total consideration transferred	39,273
Preliminary allocation:
Goodwill	24,836
Intangible assets	17,984
Other assets	1,723
Total liabilities, including acquired accrued expenses	(5,270		)
	$	39,273

(a) As noted above, the contingent consideration is the estimated fair value of additional stock consideration if the Company completes a recapitalization prior to December 15, 2015. The Company cannot estimate a range of potential adjustment to the fair value of contingent consideration as such amount will be based on the market price of the Company's stock at the time of the Recapitalization. However, if the Company's stock price were to change by 10%, the value of the contingent consideration would change by approximately $600.

Summary of Unaudited Proforma Condensed Financial Results

The following unaudited pro forma condensed consolidated financial results of operations for the nine months ended March 31, 2014 and 2013 are presented as if the acquisition had been completed at the beginning of fiscal year 2013:

	Nine Months Ended March 31,
	2014			2013
Revenues	$	15,604		$	13,966
Operating loss	(51,647		)	(81,954		)
Net loss	(52,877		)	(78,794		)
Net loss per common share - basic and diluted	$	(34.32	)	$	(51.88	)