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| VGGL > SEC Filings for VGGL > Form 8-K on 31-Aug-2012 | All Recent SEC Filings |
31-Aug-2012
Other Events, Financial Statements and Exhibits
(a) Litigation
On August 17, 2012, Viggle Inc. (the "Company") was served with a patent infringement lawsuit filed on August 13, 2012 by Blue Spike, LLC ("Blue Spike") in the United States District Court for the Eastern District of Texas, Tyler Division (Civil Action No. 6:12-CV-526). The lawsuit claims patent infringement under U.S. Patent numbers 7,346,472, 7,660,700, 7,949,494, and 8,214,715 in connection with the Company's audio recognition technology.
Blue Spike has commenced similar lawsuits against numerous companies involving the same patent family in the last two weeks, including Peer Media Technologies, Inc., The Echo Nest Corporation, Free Stream Media Corp., iPharro Media GmbH, iPharro Media, Inc., Shazam Entertainment, Ltd., Texas Instruments Incorporated, BIO-Key International, Inc., TuneSat, LLC, Vercury Inc., and SoundHound.
The Company denies that it is infringing any valid, enforceable claims of the asserted patents and intends to vigorously defend itself against the lawsuit.
(b) Press Release
On August 30, 2012, the Company issued a press release relating to an agreement entered into between the Company and DIRECTV, LLC ("DirecTV"). Under the agreement, DirecTV and Viggle will enter into a strategic marketing relationship pursuant to which Viggle will promote DirecTV's products and services, and DirecTV will promote the Viggle application during a renewable one year term. Subject to the terms of the agreement, each of Viggle and DirecTV have agreed to provide the other with at least $10 million in advertising value utilizing their respective marketing channels and to pay the other party for qualifying referrals. In addition, DirecTV will purchase Viggle points, which Viggle will use to reward Viggle users who are DirecTV subscribers. In this manner, DirecTV customers that use the Viggle application will be eligible to receive rewards when they check into their favorite TV shows using Viggle.
(d) Exhibits Exhibit No. Description 99.1 Press release dated August 30, 2012. |
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