Stan is on ‘clear path to profitability’

Original article by Dominic White
The Australian Financial Review – Page: 45 : 12-May-16

Nine Entertainment CEO Hugh Marks and Fairfax Media CEO Greg Hywood are upbeat about the outlook for their subscription video-on-demand joint venture, Stan. Marks says Stan could gain a 25 per cent share of the SVOD market, and forecasts that there will be an average of one SVOD service in each Australian household within five years. The joint venture partners expect Stan’s active customer base to top 500,000 in May 2016, and Marks notes that the conversion rate to paid subscriptions is between 70-85 per cent.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, STAN ENTERTAINMENT PTY LTD, NETFLIX INCORPORATED, PRESTO ENTERTAINMENT PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, FOXTEL MANAGEMENT PTY LTD, NINE NETWORK AUSTRALIA LIMITED, SEVEN NETWORK LIMITED, TEN NETWORK HOLDINGS LIMITED – ASX TEN, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, SUPREME COURT OF NEW SOUTH WALES

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