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Related Party Transactions
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6 Months Ended |
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Jun. 30, 2013
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| Related Party Transactions [Abstract] | |
| Related Party Transactions |
Related Party Transactions
PAR Backstop Fee
In connection with the closing of the Row 44 Merger, the Company paid PAR $11.9 million under a backstop fee agreement. This was recorded as transaction costs reflected in operating results as a general and administrative expense in the period ended March 31, 2013.
Administrative Services
AIA's subsidiary, Entertainment in Motion (“EIM”), rents office space belonging to a company in which AIA's management have an ownership interest. There were no unpaid lease liabilities as of June 30, 2013 and December 31, 2012. The Company recognized rent expense of $60,000, $120,000, $0, and $0 for the three and six months ended June 30, 2013 and 2012, respectively. EIM also made a loan to one of its managing directors. As of June 30, 2013, the outstanding balance was less than $0.1 million.
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- Details
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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