Stan to break even in FY18, claims Fairfax Media CEO

Miranda Ward

August 10, 2016 4:11

Streaming service, Stan, is expected to break even in the 2018 financial year, Fairfax Media CEO Greg Hywood has said.

Stan – a joint-venture between Fairfax Media and Nine Entertainment Co., – launched on Australia Day in 2015 and currently boasts “more than 500,000 active subscribers”.

Hywood told a room of investors in Fairfax Media’s financial results presentation: “Stan launched 18 months when there was no established SVOD category. Now SVOD is in millions of homes, many of which subscribe to more than one service. Stan has established itself as the local market leader in the SVOD category and is more than meeting its business targets.

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Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

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3 COMMENTS

StanCash 11 Aug 16

I’m on my third stan subscription. The offers of ‘3 months free’ ensures a subscribe, cancel and repeat routine.

Same goes with Presto and it’s coupons. Haven’t paid a cent for it since it launched!

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Matt 11 Aug 16

It’s a shame you can’t spare 10 bucks a month to help support a local business and help grow some new local content which will employ hundreds of people.

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Ali 11 Aug 16

What a Scrooge …

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