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.
|Stan Entertainment Pty Ltd||AUS||website|
| Nine Entertainment Co Holdings Ltd
owns 100% of Stan Entertainment Pty Ltd
|Stan Entertainment Pty Ltd|
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|
This company received an S&P Global ESG Score of 14/100 in the Media category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). 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 (2021)
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)
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)
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)
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)
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)
|Revenue||116.6 million AUD (2020)|
|Address||Sydney, NSW, Australia|
Products / BrandsStan
Stan Video Streaming