Market Overview

An Apple A Day Keeps The Boredom Away, Wetpaint.com Is Now in Apple News!

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Wetpaint.com (owned by Function(x) – NASDAQ:FNCX), a leading online
destination for entertainment news for millennial women covering the
latest in television, music, and pop culture, is now publishing on Apple
News. Taking advantage of Apple's relaunched design, Wetpaint.com gains
a significant new distribution channel, while fans get the convenience
of Wetpaint.com on their iPhone and iPad.

Wetpaint.com offers a captivating News experience, clean presentation,
and puts all the stories that interest you in one place. You can save
favorites, share with friends, and vote and rate stories. As you do,
News learns about your preferences and makes recommendations for stories
that interest you.

You can find us in News using the Search feature. After opening the News
app, click Search from the bottom menu, type in Wetpaint, click on the
match, and wetpaint.com will be added to your Favorites.

About Wetpaint.com

Wetpaint is the leading online destination for entertainment news for
millennial women, covering the latest in television, music, and pop
culture. Wetpaint.com is wholly owned digital publishing property of
Function(x).

About Function(x)

Function(x) operates Wetpaint.com and Rant. Wetpaint is the leading
online destination for entertainment news for millennial women, covering
the latest in television, music, and pop culture. Rant is a leading
digital publisher with original content in multiple different verticals,
most notably in sports, entertainment, and pets. Function(x), Inc. is
also the largest shareholder of DraftDay Gaming Group, which is
well-positioned to become a significant participant in the expanding
fantasy sports market, offering a high-quality daily fantasy sports
experience both directly to consumers and to businesses desiring turnkey
solutions to new revenue streams. Function(x), Inc. also owns 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.functionxinc.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and as
defined in the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve inherent risks and
uncertainties that could cause actual results to differ materially from
those projected or anticipated. All information provided in this press
release is as of the date of this release. Except as required by law,
Function(x), Inc. undertakes no obligation to update or revise publicly
any forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements are
made or to reflect the occurrence of unanticipated events.

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