Original article by Lilly Vitorovich
The Australian – Page: 19 : 23-Aug-19
Video streaming service Stan has posted earnings of $500,000 for the second half of 2018-19, although it has made a full-year loss of $21.3m. Revenue increased by 62 per cent to $157.1m, while the number of active subscribers rose by 200,000 to 1.7 million. Stan’s costs increased by 23 per cent to $178.4m, largely due to expenditure on marketing its Disney content, which it is likely to lose when the rival Disney+ streaming service is launched in Australia in late 2019.
STAN ENTERTAINMENT PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WALT DISNEY COMPANY, NETFLIX INCORPORATED, FOXTEL NOW, KAYO SPORTS, AMAZON PRIME VIDEO, HAYU, PARAMOUNT PICTURES CORPORATION, VIACOM INCORPORATED, SHOWTIME, CBS CORPORATION