Latest news with #Fenix
Yahoo
4 days ago
- Business
- Yahoo
OnlyFans owner in talks to sell UK-based adult content platform for £5.9bn
The owner of OnlyFans, the subscription platform used by millions for its adult content, is in talks to sell the UK-based business for $8bn (£5.9bn). The site's owner, Fenix International, is in discussions with a consortium led by the US investment firm Forest Road Company (FRC), whose board members include Kevin Mayer, who was an executive at Disney for nearly 15 years and also briefly ran TikTok. Fenix is owned by Leonid Radvinsky, a 43-year-old Ukrainian-American entrepreneur, who has received dividends of just under $1.3bn from the highly profitable site since 2020. Related: OnlyFans owner paid £359m dividend as company's revenues grow 20% in a year OnlyFans has more than 4m accounts registered to creators who charge subscribers for access to their content, with the proceeds split 80/20 with the platform. The site has 305m fan accounts, enabling users to buy videos from, and send messages to, their favourite performers. Although OnlyFans points to a breadth of content that includes comedy, lifestyle and celebrity material, it is synonymous with pornography and has a strict 18+ age limit. In its most recent accounts, OnlyFans posted revenues of $1.3bn in the year to 30 November 2023, an increase of 20% on the previous year, while its pre-tax profit rose by a quarter to $658m. The number of creator accounts and fan accounts each grew by nearly 30% and content creators received $6.6bn in 2023. At the time, Keily Blair, the chief executive of OnlyFans, said the company had cemented its place as a 'leading digital entertainment company and a UK tech success story'. OnlyFans declined to comment and FRC has been contacted for comment. Fenix is also in talks with other suitors, according to Reuters, which first revealed the takeover talks. It is also understood that a flotation of the platform is an unlikely option. OnlyFans was founded in 2016 by Tim Stokely, backed by a loan from his investment banker father, and Radvinsky bought the company in 2018. Little is known about Odesa-born Radvinsky, although his personal website states that he holds a degree in economics from Northwestern University in the US and he lives in Florida. Before acquiring OnlyFans he owned an adult webcam business. In March the UK communications regulator fined Fenix £1m for failing to accurately respond to requests for information about age-checking measures on the platform, specifically facial estimation technology that gauges a user's age via a selfie. Ofcom said Fenix was a large, well-resourced company that was 'well aware of its regulatory obligations' and should have avoided its failings. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
5 days ago
- Forbes
These Garmin Fenix And Forerunner Owners Are Getting Left Behind
Garmin Fenix 7 Pro Every piece of tech has a shelf life, and Garmin has confirmed that day is coming for some of its most popular Forerunner and Fenix watches. Sort of. Thanks to a little light digging from DC Rainmaker, Garmin has said the Forerunner 965, Fenix 7, Fenix 7 Pro and Epix Pro are going to miss out on several of the new features coming to the new Forerunner 970 and 570. If you own a newer-generation watch, including the Fenix 8, Enduro 3 and Tactix 8, you're still on the guest list. The crucial question: what exactly do you miss out on? Watches like the Garmin Fenix 7 Pro typically provide more features than most people need, but there are some interesting bits. Running Tolerance is one of the missing features I could do with, considering some of the recent injuries I have had. This is effectively a specialized version of the Training Load feature, but made for runners. The concept is to get runners away from simply judging their training plan by their miles or km ran each week, because running of different intensities and styles will have more or less of a strain on your body. The Fenix 7 and co will also miss out on the Triathlon Coach mode, which is an 'adaptive system' that moderates your suggested workouts across running, cycling and swimming, based on your condition. It's a hard enough task with one form of exercise, but three? That's a big job. Other features that won't make the jump to the older watches include MultiSport workouts transmitted from Garmin Connect, Impact Load, Ovulation tracking with skin temperature, Autolap via timing gates during a race and Suggested Finish line. This can automatically trim activities based on where your Garmin watch thinks you crossed the finish line. After all, who hasn't been at a race where you are going so hard, you completely forget to stop tracking at the finish? The Forerunner 965, Fenix 7 and fellows will also not be able to collect extra running analysis stats when paired with Garmin's new HRM 600 chest strap, which I wrote about recently. Is Garmin dropping the Fenix 7 Pro and others too soon? That watch series is two years old, so not primed for a replacement yet for most owners. It's worth noting Garmin isn't discontinuing support for these models, though. They are still getting new features and updates, just not all of them. When I last made a similar enquiry last year about which Fenix 8 features would come to older watches, Garmin said that generation brought with it a significant change in the core software that would limit what older watches would get. Is that just an excuse? Sure, considering plenty of the new features wouldn't need a huge visual component. However, it has also become clear Garmin has spent significant thought investigating ways to increase its revenues, most notably with the launch of the contentious Connect+ subscription in March.
DW
6 days ago
- Entertainment
- DW
Fenix museum tells migration stories — Euromaxx – DW – 05/25/2025
05/25/2025 May 25, 2025 Architecture highlight in Rotterdam: the new Fenix museum. Plus, a review of German playgrounds. And: Is chocolate becoming scarce? How can it be saved?
DW
24-05-2025
- DW
Rotterdam: Architecture highlight and museum of migration – DW – 05/24/2025
A spectacular new museum building, the Fenix, has just opened in Rotterdam. The Fenix Warehouse, which was the world's largest when it opened in 1923, has been converted into a museum of migration by the Chinese MAD Architects studio. The highlight is a gigantic, gleaming spiral staircase on the roof, complete with a viewing platform. Inside, the focus is on migration. This fittingly reflects the museum's location in Rotterdam's port, from where millions of people once set sail for new lives in new places. It was also where many people from other parts of the world arrived in Europe for the first time. Our reporter Lucia Schulten (link) reports from the Netherlands.
Fast Company
21-05-2025
- Politics
- Fast Company
Ma Yansong's first museum in Europe is a ‘metaphor' for migration
BY Ma Yansong is gesturing at a spiraling staircase inside the atrium of a building. The founder of MAD Architects —the Chinese firm behind the soon-to-open Lucas Museum of Narrative Art in Los Angeles—is in Rotterdam, the Netherlands, to inaugurate the opening of his first museum in Europe, and he is talking about movement. Of forms, yes, but mostly of people. The museum, called Fenix, sits on the edge of Rotterdam's historic port, which was also the first Chinatown in continental Europe. It was here, from the banks of the River Maas, where millions of emigrants—Albert Einstein included—boarded ships toward North America in search of better opportunities. And it is here, in the building that once housed the world's largest harbor storage warehouse for the Holland America Line, that Yansong has come to reflect on the meaning of migration. Bureau Polderman. MAD's tangled staircase connects both floors, then swoops out through the roof into a panoramic platform that offers sprawling views of the city. 'I think it's an architectural element, but it's also a metaphor; it has a storytelling function,' Yansong says. 'It's not about numbers' Fenix is opening at a time in which migrants around the world are being vilified, humiliated, deported. The EU has been hardening its migration policy for years, and hard-right parties are fast gaining ground —in the Netherlands as well. Since President Donald Trump took office, he has shifted nearly every aspect of U.S immigration policy to constrict regular immigration pathways, deport primarily black and brown immigrants living in the U.S. regardless of their legal status or criminal history, and instill fear among those who remain. The final deadline for Fast Company's Brands That Matter Awards is Friday, May 30, at 11:59 p.m. PT. Apply today.
