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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Total revenues $ 130,884 $ 44,172 $ 250,604 $ 51,467
Operating expenses        
Subscriber related expenses 120,500 53,087 233,807 53,087
Broadcasting and transmission 12,395 9,492 22,946 9,492
Sales and marketing 21,514 7,577 43,657 11,256
Technology and development 20,001 9,551 31,439 9,551
General and administrative 28,293 17,338 46,447 33,862
Depreciation and amortization 9,247 14,417 18,456 19,637
Total operating expenses 211,950 111,462 396,752 136,885
Operating loss (81,066) (67,290) (146,148) (85,418)
Other income (expense)        
Interest expense and financing costs (4,175) (13,325) (6,629) (15,906)
Amortization of debt discount (4,043) (6,555)
Loss on issuance of notes, bonds, and warrants (602) (24,655)
Loss on extinguishment of debt (380) (380)
Loss on deconsolidation of Nexway (11,919)
Change in fair value of warrant liabilities (6,019) 4,966 (6,604) 4,600
Change in fair value of subsidiary warrant liability 18 3
Change in fair value of shares settled liability (1,485) (1,665)
Change in fair value of derivative liability (823) (526)
Unrealized gain on equity method investment 2,614 2,614
Other expense (1,158) (18) (1,594)
Total other expense (14,617) (9,795) (20,186) (49,048)
Loss before income taxes (95,683) (77,085) (166,334) (134,466)
Income tax benefit 753 3,481 1,218 4,519
Net loss (94,930) (73,604) (165,116) (129,947)
Less: Net loss attributable to non-controlling interest 15 682 91 1,555
Net loss attributable to controlling interest (94,915) (72,922) (165,025) (128,392)
Less: Deemed dividend - beneficial conversion feature on preferred stock (171)
Net loss attributable to common stockholders $ (94,915) $ (72,922) $ (165,025) $ (128,563)
Net loss per share attributable to common stockholders        
Basic and diluted $ (0.68) $ (2.08) $ (1.27) $ (3.97)
Weighted average shares outstanding:        
Basic and diluted 140,596,001 35,045,390 129,591,310 32,390,829
Subscription [Member]        
Revenues        
Total revenues $ 114,368 $ 39,511 $ 221,482 $ 39,511
Advertising [Member]        
Revenues        
Total revenues 16,466 4,323 29,072 4,323
Other [Member]        
Revenues        
Total revenues $ 50 $ 338 $ 50 $ 7,633