Pornography: The subscription-based social platform “OnlyFans” has become a well-established place for porn actresses and sex workers to make a fortune. OnlyFans’ annual sales are expected to rise 540% during the pandemic to reach $ 400 million by the end of 2020, with annual sales expected to reach $ 1.2 billion this year.
Webcam porn entrepreneur Leo Radvinsky, who holds a 75% stake in the company, became a billionaire in June, and co-founder and CEO Tim Stokeley and his father Gary also became a billionaire. .. But OnlyFans is now trying to say goodbye to adult content.
Bloomberg reported on August 19 that OnlyFans would ban sexually explicit content from October. The company has been suggesting this change for months, and it doesn’t seem to be a surprise to those involved.
This spring, OnlyFans soft-launched OFTV, a video streaming app that you can watch at work with peace of mind. OFTV delivers non-sexual content such as cooking and fitness, as well as interviews with hip-hop artists.
130 Million Users
OnlyFans has grown into a medium with 130 million users in a very short period of time, and more than 2 million creators have earned a cumulative total of $ 5 billion in subscription costs.
However, the company says it bans sexually explicit content “to meet the standards of partner banks and payment companies.” However, nudity is only allowed in accordance with the company’s policy.
OnlyFans seems to be trying to attract new investors through this effort. According to news site Axios, the company is struggling to raise money, despite expected sales of $ 2.5 billion next year.
Axios also reports that Merchant Bank’s Raine Group, which helped raise funds for OnlyFans, is struggling to attract investors (although OnlyFans owner Radvinsky told Forbes that the site, In addition, it has been found to have made a fortune in child pornography and advertising on bestiality sites).
So far, porn stars such as Sophie Dee and Angela White earn more than $ 1 million a year on OnlyFans. Bhad Bhabie, who became famous as a sloppy teenage girl on the talk show “Dr Phil” in 2016, also earned over $ 1 million in minutes on his 18th birthday with OnlyFans.
But now, OnlyFans has a bunch of creators, such as rapper Cardi B and former Disney actor Bella Thorne, who do pretty crazy things, if not so blatantly. For many, OnlyFans’ declarations of de-pornography may be like announcing that a giant tobacco company will stop selling tobacco.
Performers Take 80% Of Sales.
Founded in 2016 by British-born entrepreneur Stokeley, OnlyFans invites adult performers to the site with the help of legendary adult webmaster and videographer Bill Fox (deceased).
“The British didn’t know the American adult industry. Bill helped them spread the name OnlyFans,” said Brad Armstrong, an adult industry veteran who directed 200 films.
For performers, their proposal was very appealing. Many webcam adult companies take 70-80% of performers’ sales, while OnlyFans has the opposite and can own 80% of the money it earns. Moving to OnlyFans was a natural part of anyone making money from sexual content.
Alana Evans, chairman of the Adult Performance Artists Guild, a union of adult performers, fears that OnlyFans will move in the mainstream direction and eliminate adult content, threatening the lives of many performers. “We are closing the way for income,” Alana said.
Maitland Ward, who became an adult performer after becoming famous on the sitcom Boy Meets World in the 1990s, now earns over $ 1 million a year on OnlyFans, but she’s also a creator. Said he was scared of the new rules.
“It’s the worst that OnlyFans is trying to get sex workers aside after making billions of dollars,” Ward said. However, she doesn’t think OnlyFans without sex will work.
“OnlyFans can’t live without pornography. They wouldn’t be able to get rid of nudity and become Instagram next time,” she said.
But recently, Armstrong, who has sold his California home and moved to the Bahamas to enjoy his retired life, has a different view. He said the OnlyFans policy of starting with porn and going mainstream makes sense.
OnlyFans was once a place for adult celebrities like Bhad Bhabie, but soon with D- and C-class stars, it’s now able to attract more famous celebrities.
“Celebrities know how much they can make with OnlyFans and are more credible,” Armstrong said. “With or without Meryl Streep and Robert De Niro, OnlyFans will inevitably go mainstream,” he said.
“And it makes more business sense. The cost of getting Beyonce to say, Guys!’ For a minute is to get the unnamed girls to shake in front of the camera. If the costs are the same, then, of course, Beyonce should be asked to do the job, “continued Armstrong.
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