October 01, 2016 3:21 AM ET

Internet Software and Services

Company Overview of Choose Digital Inc.

Company Overview

Choose Digital Inc. provides a digital content supply chain solution for the loyalty and incentive industry. It offers a digital marketplace platform for incentive and loyalty club members to find and own music videos, movies, TV shows, games, eBooks and audio books, concerts and music documentaries, sports features, instructional videos, nature videos, and content for kids, as well as applications for Android, Windows Mobile, and Blackberry. The company was founded in 1990 and is based in Coral Gables, Florida. As of June 24, 2014, Choose Digital Inc. operates as a subsidiary of Viggle Inc.

4040 Aurora Street

Coral Gables, FL 33146

United States

Founded in 1990

Phone:

305-443-5981

Key Executives for Choose Digital Inc.

Founder and Chief Executive Officer
Vice President of Client Services
Compensation as of Fiscal Year 2016.

Choose Digital Inc. Key Developments

DraftDay Fantasy Sports, Inc. Enters into a Secured Revolving Loan Agreement with wetpaint.com, Inc. and Choose Digital Inc

On June 27, 2016, Sillerman Investment Company VI, an affiliate of Robert F.X. Sillerman, the Executive Chairman and Chief Executive Officer of the company entered into a secured revolving loan agreement with the company and its subsidiaries, wetpaint.com, Inc. and Choose Digital Inc., pursuant to which the company can borrow up to $1,200,000. The Secured Revolving Loan bears interest at the rate of 12% per annum. The Secured Revolving Loan matures on December 31, 2016, barring any events of default or a change of control of the company. In connection with the Secured Revolving Loan, the company and the Subsidiaries have entered into a Security Agreement with SIC VI, under which the company and the Subsidiaries have granted SIC VI a continuing security interest in all assets of the company and the Subsidiaries, with the exception of the company's interest in DraftDay Gaming Group, Inc. The company intends to use the proceeds from the Secured Revolving Loan to fund working capital requirements and for general corporate purposes.

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Recent Private Companies Transactions

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