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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 tJfJ1vuuAiJNKjW+F9/WHQ==

<SEC-DOCUMENT>0001140361-11-014356.txt : 20110304
<SEC-HEADER>0001140361-11-014356.hdr.sgml : 20110304
<ACCEPTANCE-DATETIME>20110304160601
ACCESSION NUMBER:		0001140361-11-014356
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20110304
DATE AS OF CHANGE:		20110304
EFFECTIVENESS DATE:		20110304

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FUNCTION (X) INC.
		CENTRAL INDEX KEY:			0000725876
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				330637631
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-156239
		FILM NUMBER:		11664710

	BUSINESS ADDRESS:	
		STREET 1:		150 EAST 52ND ST 21ST FLOOR
		STREET 2:		SUITE 900
		CITY:			NEW YORK
		STATE:			TX
		ZIP:			10022
		BUSINESS PHONE:		8774312942

	MAIL ADDRESS:	
		STREET 1:		150 EAST 52ND ST 21ST FLOOR
		STREET 2:		SUITE 900
		CITY:			NEW YORK
		STATE:			TX
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GATEWAY INDUSTRIES INC /DE/
		DATE OF NAME CHANGE:	19980629

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GATEWAY COMMUNICATIONS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0000725876</cik>
        <entityName>FUNCTION (X) INC.</entityName>
        <issuerAddress>
            <street1>159 East 70th Street</street1>
            <city>NEW YORK</city>
            <stateOrCountry>NY</stateOrCountry>
            <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
            <zipCode>10021</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>212-796-8174</issuerPhoneNumber>
        <jurisdictionOfInc>TEXAS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <previousName>Gateway Industries, Inc.</previousName>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <previousName>GATEWAY INDUSTRIES INC /DE/</previousName>
            <previousName>GATEWAY COMMUNICATIONS INC</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>F.X.</middleName>
                <lastName>Sillerman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>159 East 70th Street</street1>
                <city>NEW YORK</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10021</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mitchell</firstName>
                <lastName>Nelson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>159 East 70th Street</street1>
                <city>NEW YORK</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10021</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Janet</firstName>
                <lastName>Scardino</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>159 East 70th Street</street1>
                <city>NEW YORK</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10021</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2011-02-15</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>3000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>John Schneider</recipientName>
                <recipientCRDNumber>900753</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8111 Bay Colony Drive</street1>
                    <city>Naples</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>34108</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>14550000</totalOfferingAmount>
            <totalAmountSold>14550000</totalAmountSold>
            <totalRemaining>0</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>47</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>100000</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>1250000</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Reimbursement of expenses subject to approval of the audit committee.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>FUNCTION (X) INC.</issuerName>
                <signatureName>/s/ Mitchell J. Nelson</signatureName>
                <nameOfSigner>Mitchell J. Nelson</nameOfSigner>
                <signatureTitle>Executive Vice President</signatureTitle>
                <signatureDate>2011-03-03</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----