Good afternoon everyone,
Viggle Inc. issued important news today, take a look.
Insights Regarding Viggle’s Automation Platform to Be Featured in VentureBeat Webinar
As Viggle Approaches 10 Million User Mark Platform Reach and Value to Advertisers Increases
User Traction Underscores Ongoing Cord-Cutting Trend and Increasing Importance of Rewards Programs
NEW YORK–(BUSINESS WIRE)–
As Viggle Inc. (VGGL), the entertainment marketing and rewards platform, approaches the 10 million user mark in Viggle app downloads, VentureBeat will feature Julie Gerola, Senior Vice President of Marketing and Rewards, with others in a live panel webinar on Thursday, July 30 at 10:00 AM Pacific, 1:00 PM Eastern. Register here for free.
Viggle was also just featured in an article by Venture Beat titled: Mobile Marketing Automation PT V: Getting Right Time, Right Place Right which can be accessed at: http://venturebeat.com/2015/07/27/mobile-marketing-automation-pt-v-getting-right-time-right-place-right-webinar/
Gerola will likely discuss the fact that consumers increasingly want to watch and listen to content at their convenience or on-demand: Viggle’s growing number of users reflects both this trend and the strength as well as timeliness of Viggle’s offering that bridges the needs of advertisers and consumers.
According to a report from U.K. media regulator, Ofcom, people age 16 to 24 watch only about 50 percent of the TV programming they consume live, with most of the remaining 50 percent viewed online. A study conducted by Nielsen and YuMe found that 92 percent of U.S. millennials use a second screen while watching TV, with 47 percent simultaneously accessing further information about the TV content they are watching.
At the same time, consumer interest in loyalty or rewards programs also continues to rise. Business Insider recently reported that from 2008 to 2012, U.S. loyalty memberships increased by 10 percent per annum, reaching 23 memberships per household in 2012. A recent McKinsey study of 55 North American and European publicly traded companies showed that market capitalizations for companies with strong loyalty programs outpaced those of companies that do not offer or emphasize a rewards program.
As recently reported by the Company, 600,000 new users registered on the Viggle platform during its fiscal fourth quarter, bringing net registered users to more than 9.5 million at the end of June 2015. Subsequently, the Company has continued to grow its user base and is now approaching 10 million users. By the end of the fiscal fourth quarter, Viggle’s net registered user base had increased by 78 percent compared to the 5.4 million at the end of June 2014. These metrics prompted the Company’s recent announcement that it expects Fiscal 2015 revenue to increase by roughly 42 percent year-over-year to $25.6 million.
As of June 30, 2015, Viggle users have cumulatively checked into more than 504 million TV programs. This compares to more than 478.1 million TV programs as of March 31, 2015 and 379.5 million as of March 2014. Viggle users have cumulatively matched more than 188 million songs using the Viggle Music service, up from more than 146.5 million songs as of March 31, 2015 and more than 26.0 million songs as of March 31, 2014.
Importantly, Viggle members continue to spend more than an hour with the Company’s app each time they engage. This is another metric that the Company believes makes its growing user base an attractive platform for advertisers.
About Viggle
Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 23.6 million for the three months ended June 30, 2015, including nearly 10 million Viggle registered users. Since its launch, Viggle members have redeemed over $26 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.
View source version on businesswire.com
Excerpt from venturebeat.com
“Right time. Right place. It’s the mantra for the mobile age, and marketers who are leading the pack are evolving the way they engage consumers to be in front of them when and where it matters most. Take Viggle. The entertainment rewards platform enbles entertainment companies — televison networks and shows, music companies, and even book publishers — to use Viggle to reward their customers for interacting with their content. The more customers engage, the more points they earn, the more rewards they get.”
This should help everyone wrap their heads around Viggle’s technology.
Website www.Viggle.com
The Team
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Good afternoon Broad Street members,
Our new feature profile has some similarities to our last winner. Currently nearing a triple bottom chart, small float, recently announced increasing revenues and has a fairly large short position.
Viggle, Inc. (NASDAQ: VGGL)
$1.58/share
Some of you may recall a national television campaign Viggle ran earlier this year. This security has a solid history of running up in a hurry. This timing may constitute a perfect storm being that the company has great news out and yet the securities are heavily shorted all while reaching a triple bottom in the chart.
Viggle’s recent news
Recent news indicates a 40% increase in revenues: http://finance.yahoo.com/news/over-9-5-million-registered-120000131.html
Recent Institutional investment at $2.05/share and Public offering at $2.50/share.
Viggle sells $4.2M worth of stock to a single institutional investor at $2.05/share: http://finance.yahoo.com/news/viggle-announces-closing-4-2-200100538.html
Viggle obtains financing through public offering at $2.50/share, May 28th, 2015: http://finance.yahoo.com/news/viggle-announces-closing-public-offering-163000212.html
Need we say more? Probably not, but we will. Stay tuned for an updated report as our coverage of Viggle, Inc. lasts all week.
Your partners at Broad Street
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