Nine Entertainment Company

Haslingden steps down as Nine chair

David Haslingden has stepped down from his post as chairman and non-executive director at Australia’s Nine Entertainment Company. Peter Costello, currently an independent, non-executive director, will take over as chairman, effective March 1. This comes soon after Hugh Marks succeeded David Gyngell as CEO of Nine Entertainment, which owns Australian commercial channel Nine Network. Former […]

Nine’s SVOD service nears 100,000 subs

Australian SVOD service Stan is on course to sign up 100,000 members just a month after its launch, according to one of its parent companies. Nine Entertainment Company said subscriber numbers were running between three and four months ahead of schedule, and that Stan was on track for more than 100,000 by mid-March. The platform, […]

Wolf Creek remake is Stan’s debut original

Australian SVOD platform Stan is getting into the originals game by working up a pair of drama series. The first is Wolf Creek, an adaptation of the Australian horror film that’s now in development, while the other is titled Enemies of the State. The news comes just weeks before Netflix enters the Australian market, and […]

IPO values Nine parent at $1.7bn

Australian broadcaster Nine Network’s parent will join the Australian Stock Exchange on Friday, with its market capitalisation touching nearly A$2bn (US$1.8bn). Nine Entertainment Company has unveiled the initial float, which values its shares at A$2.05 each and the firm at an overall A$1.92bn (US$1.74bn). This figures represents 8.3 times Nine’s full year 2014 EBITDA. Nine […]