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Subsequent Events
9 Months Ended
Sep. 30, 2019
Subsequent Events [Abstract]  
Subsequent Events

22. Subsequent Events

 

On October 25, 2019, the Company reached an agreement in principle with the SEC Staff to pay $5.5 million in connection with resolving the SEC’s investigation. Refer to Note 11 for further details.

 

As previously disclosed, on November 12, 2019, the Company entered into the Roc Parties Settlement. In connection with the Roc Parties Settlement, the Company sold certain intellectual property assets to Roc Nation LLC and membership interests in Marcy Media Holdings LLC to MM Holdings Acquisition LLC in exchange for $15.0 million and mutual releases of all existing claims between the parties. The Roc Parties Settlement was reached without admission of any wrongdoing or unlawful conduct by either party. (See Note 11).