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Stan

OVERALL

Owned
AUS
Rating
Criticisms

Video streaming service

Originally a 50:50 joint venture between Nine Entertainment and Fairfax Media. Both companies committed AU$50 million to create the Stan video streaming service, which launched in early 2015. Nine has since bought Fairfax, making Stan wholly-owned by Nine. Operates only in Australia, with over 2 million subscribers.

Company Ownership

Stan Entertainment Pty Ltd   AUS     website      facebook   twitter
  Nine Entertainment Co Holdings Ltd   
   owns 100% of Stan Entertainment Pty Ltd  
AUS     website   email      

Media

Previously known as PBL Media. Four divisions of free-to-air television, digital publishing, video-on-demand 'Stan' (advertising and subscription) and content production. Listed on ASX in December 2013.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Stan Entertainment Pty Ltd
Social Breaching advertising codes
This company has been criticised for offensive advertising. In 2017 the Advertising Standards Bureau upheld complaints about a television ad by this company on the grounds that it breached advertising codes. The ad was subsequently discontinued or modified.
Source: Advertising Standards Bureau (2017)
Nine Entertainment Co Holdings Ltd
Business Ethics 15/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 15/100 in the Media category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
Social Modern Slavery disclosure quality
Modern slavery disclosure is a critical step in mitigating the risk associated with modern slavery practices in companies' operations and supply chains. The quality of the disclosure signals the level of commitments and efforts that the companies have put in managing these risks. In 2021 the Monash Centre for Financial Studies analysed and ranked the disclosure quality of the modern slavery statements submitted by the 300 largest listed companies on the Australian Stock Exchange (ASX300). This company's modern slavery disclosure statement received a grade of F.
Source: Monash University (2021)
Business Ethics Fined for excessive surcharges
In 2021 six subsidiaries of this company paid penalties totalling $159,840 after the ACCC issued them with 12 infringement notices for allegedly charging subscribers and advertisers excessive payment surcharges. Nine will also provide approximately $450,000 in consumer redress to eligible advertising, home delivery and digital subscription customers. The ACCC was concerned that from December 2018, after Nine merged with Fairfax Media, most consumer and advertiser transactions processed by Nine in which a payment surcharge was applied involved an excessive payment surcharge. Nine applied payment surcharges to digital and home delivery subscription services as well as radio, publishing, TV and digital advertising.
Source: ACCC (2021)
Business Ethics Anti-competitive behaviour
In 2011 Ticketek was fined $2.5 million by the Federal Court for anti-competitive behaviour towards Lasttix, a start-up rival. The Sydney court ruled that Ticketek took advantage of its strong market position on four occasions to prevent Lasttix from supplying its own services to event promoters. Ticketek was a subsidiary of Nine Entertainment at the time.
Source: news article (2011)
Business Ethics Political donations
According to the democracyforsale.net website, this company donated $204,300 to Australia's major political parties between 2012 and 2018, as disclosed to the Australian Electoral Commision (AEC).
Source: Democracy For Sale (2018)
Social Gender equality
This company appears on the 2021 Bloomberg Gender-Equality Index, signifying a commitment to supporting gender equality through policy development, representation, and transparency.
Source: Bloomberg (2021)

> About the Icons

Company Details

Type Wholly-owned subsidiary
Founded 2014
Revenue 116.6 million AUD (2020)

Contact Details

Address Sydney, NSW, Australia
Website www.stan.com.au

Products / Brands

Stan
Stan Video Streaming


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