OnlyFans, the content material subscription platform greatest recognized for its ties to the grownup leisure business, may quickly have new homeowners.
In line with reviews, a US investor group led by Los Angeles-based Forest Highway Firm is in talks to accumulate the London-headquartered platform for as much as $8 billion.
The sale would mark a major exit for Leonid Radvinsky, the Ukrainian-American billionaire who purchased a majority stake in Fenix Worldwide, OnlyFans’ father or mother firm, in 2018. Since then, Radvinsky has reportedly claimed over $1 billion in dividends from the corporate, in line with company filings.
Information of the talks was first reported by Reuters, whereas the New York Submit has additionally claimed that Radvinsky has been in search of to dump the enterprise, with earlier efforts hampered by the location’s shut affiliation with grownup content material creators. The Submit estimated earlier potential valuations for a sale to be within the vary of $1.46 billion to $2.42 billion, nicely beneath the reported $8 billion determine now being thought of.
Based in 2016 by London-based entrepreneur Tim Stokely, OnlyFans was initially conceived as a manner for musicians, influencers, and content material creators to monetise their audiences by means of paid subscriptions. The platform surged in recognition after lifting a quick ban on grownup content material, shortly turning into a hub for unbiased grownup performers in addition to high-profile figures from exterior the grownup business.
At this time, OnlyFans boasts over 4 million creators producing content material for a world viewers of 300 million subscribers, with round $6.6 billion in annual funds processed by means of the platform. The corporate employs roughly 40 employees and not too long ago reported $1.3 billion in annual income in its newest UK filings.
“OnlyFans is a revolutionary platform which continues to lead the creator economy,” an organization spokesperson advised the New York Submit. “As with any business of this scale it is natural that we are open to discussions about how we continue to build on our success.”
From area of interest platform to billion-dollar empire
Tim Stokely, who served as CEO till December 2021, co-founded the enterprise alongside his father Gus. After its acquisition by Radvinsky, the platform skilled explosive progress — significantly in the course of the pandemic — rising as a number one participant within the creator financial system.
Regardless of its success, OnlyFans has lengthy confronted reputational challenges on account of its grownup content material. In 2021, the platform briefly introduced a ban on sexually express materials, solely to reverse the choice days later following backlash from its consumer base.
Whereas some buyers have been reportedly cautious of the platform’s affiliation with grownup content material, others see the corporate as a uncommon worthwhile unicorn within the creator tech area — and one with sturdy, recurring revenues and a lean value base.
If accomplished, the sale of OnlyFans at such a valuation would characterize a significant milestone within the evolution of direct-to-consumer content material platforms, validating their long-term viability and potential for institutional funding — regardless of ongoing societal and regulatory scrutiny.
Forest Highway Firm, which has beforehand backed ventures in media, sports activities, and leisure, has not commented on the reported discussions.
Whether or not the deal materialises on the reported $8 billion price ticket — or faces additional hurdles — it highlights the enduring monetary energy of platforms that allow creators to monetise their audiences on their very own phrases. For OnlyFans, it may mark the beginning of a brand new chapter in its controversial however commercially compelling story.
