|Viggle Inc., formerly Function(x) Inc. is engaged in the business of Watch TV. Earn Rewards. The business is a loyalty program that rewards its users for watching television. The Company’s loyalty program is designed to give users rewards for checking-in to television shows and for performing other engagements within the Viggle application (app). On February 15, 2011, the Company completed a recapitalization (the Recapitalization) with Sillerman Investment Company, LLC (Sillerman) and EMH Howard LLC (EMH Howard). On September 29, 2011, the Company, through Project Oda, Inc., purchased certain assets of Mobile Messaging Solutions, Inc.’s Watchpoints business. On May 14, 2012, the Company sold to TIPPT LLC a 50% ownership interest in TIPPT Media Inc. (TIPPT).|
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