Ann: Emerge banks AUD$8M from MIGGSTER Subscriptions, page-244

This current 8.3 million in revenue, if broken down into costs and before tax, profit is quite staggering for just 48 days of operation ,based over running cost for the next 12 months.
Take off 500k for operating expenses, as operating expenses would be quite low as TIM pays for all marketing at its own cost.
I think its fair to say that from the current income there will be 7.8 million for the partnership to share before taxes ,this starts to put EM1 into a profit position, unlike many of the other esports companies that just keep diluting shareholders while making almost nothing.
Current yearly operating and corporate costs are around 2.4 million plus 500k for prizes ,total 2.9 million plus any additional costs to operate the Miggster platform ,500k max a year I reckon, unless subscription go into the hundreds of thousands or millions, more users, more operating costs.

Terms of the Agreement with TIM The significant terms of the agreement with TIM are: ● Emerge to operate the white labelled mobile tournament platform ● Subscribers will be charged USD$8.50 (~AUD$12.00) per month ● TIM is responsible for marketing the platform at its own cost ● Emerge to provide prizes to a value of USD$250,000 over 12 months with a grand prize of USD$250,000 at the end of the 12 months ● TIM guarantees a minimum of 100,000 subscribers will subscribe to the platform within 6 months from launch date ● If the target is not reached, TIM will pay Emerge 50% of the cost of prizes put up by Emerge. If the Agreement is terminated prior to the end of the 12 months and the target is not reached, TIM will pay Emerge 50% of the cost of prizes put up by Emerge until the end of the contract ● Net Revenue under the agreement is determined as gross subscriptions received less direct taxes and other directly attributable platform costs ● Emerge will earn 64.5% of the Net Revenue from the platform

Emerge to earn 64.5% net revenue from the partnership

TIM is responsible for marketing the platform at its own cost

Net Revenue under the agreement is determined as gross subscriptions received less direct taxes and other directly attributable platform costs

Emerge will earn 64.5% of the Net Revenue from the platform
Emerge signs International Revenue Generative Agreement
Emerge set to launch MIGGSTER Mobile
MIGGSTER’s objective is to build the world’s biggest online gaming community. The MIGGSTER products will deliver community tools including chat, friends and team functionality, laying the foundation for gamer engagement in the online network. Entertaining content, including mobile games, AAA gaming titles, tournaments, rewards and live streaming to global audiences, will feed the online community’s insatiable eSports and gaming appetite.