OnlyFans is on the selling block, according to a report by Reuters. The current owner of the adult entertainment platform, Fenix International Ltd, is in talks to sell to an investor group at a valuation of around $8 billion. This group is being led by an entity called the Forest Road Company, which is an investment firm based in Los Angeles.
The platform generated $6.6 billion in revenue just in 2023, so the idea of an $8 billion payout doesn't seem that far-fetched. OnlyFans became a global phenomenon during the COVID-19 pandemic and it takes 20 percent of all creator earnings.
Investor interest has peaked over the past several months as impressive earning statements became public. It has managed to triple its revenue since 2020, which is something many companies that experienced pandemic-related boosts cannot say.
Sources have stated that a deal could be reached within the next week or two. However, Fenix International Ltd have also been in talks with other potential buyers. An IPO is also being considered, an idea that's been floating around since 2022.
However, an outright purchase is more likely than a public offering. This is due to the porn of it all. The company tried to get around this by announcing a ban on sexually explicit content in 2021, but reversed course before the ban even went into place. OnlyFans is, after all, primarily for sexually explicit content.
This article originally appeared on Engadget at https://www.engadget.com/big-tech/onlyfans-is-in-talks-to-sell-for-8-billion-165318788.html?src=rss https://www.engadget.com/big-tech/onlyfans-is-in-talks-to-sell-for-8-billion-165318788.html?src=rssAk chcete pridať komentár, prihláste sa
Ostatné príspevky v tejto skupine
For less than the price of a fully decked-out MacBook Pro
China wants to work with other countries and has laid out its plans for the global governance
As of Friday, anyone trying to watch porn online in the UK will need to subject themselves to an awkward selfie or get their photo ID ready. The UK government announced it will start checking compl
Welcome to our weekly roundup of what's going on in the indie game space. There have been quite a few high-profile arrivals this week, as well as others that have left early access and or arrived o
s.p.l.i.t is the most badass typing game I’ve ever played. It’s actually more of a hacking simulator, cyberpunk thriller and puzzle experience than a typing game, but its core loop is book
A password manager is a crucial tool for anyone, really, but especially students going back to school in the fall. If you're one of them, you probably have more logins to remember now than ever bef
