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Stock Market & Financial Investment News

News Breaks
May 20, 2014
08:05 EDTVGGLViggle receives patent for rewarding entertainment usage
Viggle announced that it received U.S. Patent No. 8,732,739, titled System and Method for Tracking and Rewarding Media and Entertainment Usage Including Substantially Real Time Rewards. The patent protects Viggle Inc.s proprietary technology that compares known audio segments to audio captured by a viewers activation of Viggles mobile app on their smartphone or tablet to identify the entertainment the viewer is experiencing and assigns loyalty points to the viewer associated with the identified entertainment. By doing so, Viggle users earn points that can be redeemed for real rewards such as music downloads, headphones, electronics, major brand discounts and gift cards. This patented technology is part of Viggle Inc.s Platform, a multi-channel portfolio that rewards users for consuming entertainment. The Viggle Platform encompasses the Viggle mobile app, where users check-in and engage with TV shows and music, Wetpaints entertainment and social media publishing platform and the NextGuide mobile app and website that enables discovery of entertainment content such as linear TV, streaming and content available for download.
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January 23, 2015
08:02 EDTVGGLSFX Entertainment names Greg Consiglio as president and COO
SFX Entertainment (SFXE) named Greg Consiglio as President and COO of the company. Consiglio, who holds the same titles at Viggle (VGGL) will retain those positions as well. In addition to Consiglio, there were several other changes announced: Kevin Arrix joins SFX as EVP, and Chief Revenue Officer. He holds the same position at Viggle and will continue to do so. Tim Crowhurst will move from SFXs President to SFXs President and Head of Strategic Development. Ritty van Straalen will move from SFXs COO to SFXs President and CEO of Live Entertainment. According to the three-year agreement between SFX and Viggle, the combined sales organization will sell all inventory for both companies. The immediate access to the highly successful Viggle sales organization will give SFX a turnkey sales solution, while combining efforts and inventory with SFX will give Viggle access to a broader client list offering the potential to qualify for many previously unavailable sales opportunities.

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