In August 2014, Nine Entertainment Co. and Fairfax Media (ASX: FXJ) announced the formation of a 50:50 joint venture to launch an Australian Subscription Video-On-Demand (SVOD) service – Stan. Stan was launched on January 26, 2015. It offers a broad range of local and international programming to subscribers for a fixed monthly subscription fee, and no minimum term commitment. Stan is operated independently of Nine and Fairfax’s existing media businesses. Click here to learn more about Stan.