Latest news with #ForestRoadCompany
Yahoo
26-05-2025
- Business
- Yahoo
Conor McGregor's In ‘Serious Talks' To Buy OnlyFans
From chucking dollies to tossing dollars, 'Notorious' is back at it. Former Ultimate Fighting Championship (UFC) double champion Conor McGregor may not be fighting anytime soon, per UFC CEO Dana White, but that's not stopping him from wheeling and dealing outside the cage. This time? Onlyfans. OnlyFans is a subscription-based content platform known primarily for adult entertainment. However, more sports figures are joining to share behind-the-scenes content, such as workouts, for a monthly fee. OnlyFans is on the market, valued between $3 and $8 billion. According to Damon Martin, Owner Leonid Radvinsky is seeking $1.46 billion to $2.42 billion, but the platform struggles to find buyers due to its heavy reliance on adult content revenue. McGregor, never one to shy away from bold moves, claimed on his Instagram Story yesterday, 'I'm in serious talks to buy this.' Is he genuinely eyeing OnlyFans, or is this another savvy stunt to keep his name buzzing while he's sidelined? Maybe it's something that makes people forget about his meme coin disaster. According to negotiations for the purchase of OnlyFans have been underway since March, so if McGregor really wants to buy it, he'd better move fast. The report also revealed that Forest Road Company, a Los Angeles-based investment firm, is the frontrunner and is willing to pony up $8 billion. Could owning OnlyFans fuel McGregor's rumored ambitions for Ireland's presidency? Nevertheless, McGregor has not competed in MMA since breaking his leg (see it here) against Dustin Poirier at UFC 264 (nearly four years ago). More from Miocic Responds To Pressure From White And Cormier White On 'Possibly' Stripping Miocic UFC 249 Embedded: Rousey Nearly Knocked Out Cruz? Midnight Mania! Sterling Vs. Sandhagen Possible June 6 Headliner UFC 249 Odds, Under Dogs And Best Bets! Khabib Plans July Return, Vows To 'Smash Them All' Video! Jacare Breaks Social Distancing Rules Prior To UFC 249 Removal
Yahoo
26-05-2025
- Business
- Yahoo
Porn-driven OnlyFans could sell for billions despite ‘filth factor'
London-based OnlyFans is reportedly in discussions to sell for as much as $8 billion (€7bn), Reuters has reported, citing unnamed sources. The internet content service, widely known for being popular with sex workers, despite hosting other content creators, including musicians and comedians as well, has been in talks about a deal since March with US-based investment firm Forest Road Company. However, the New York Post has also reported that the firm is struggling to find a buyer. The newspaper also cited unnamed sources, saying: 'You're looking to find billionaires and trying to sell it as not an adult content company but just a platform like X that allows adult content,' the source said. 'But I think most people right now view OnlyFans as an adult content company.' Despite the good profits generated by OnlyFans, the 'filth factor' limits the price tag, to a relatively modest three to five times EBITDA, a financial indicator of the earnings of a company. The value of OnlyFans is somewhere between $1.46bn and $2.42bn (€1.29bn and €2.14bn), the newspaper reported. Related OnlyFans faces probe over claims children could access adult content From porn to aviation: Millionaire OnlyFans co-founder aims to fly high with new business venture OnlyFans is currently owned by Fenix International Ltd, and the sole shareholder is Ukrainian-American Leonid Radvinsky. He bought the company in 2018 and has paid himself at least $1 billion in dividends over the past three years, British filings showed. The company's revenue has been growing. In the year ended November 2023, the company generated $485 million (€428m) in profits and $6.6bn (€5.82bn) in revenues. OnlyFans charges 20% from its 4 million creators, who make content for 300 million subscribers. Despite the news reports about the company struggling to sell and the fact that it is out of touch for banks to invest in due to its x-rated content, Reuters said that Fenix International Ltd is also in talks with other potential suitors and that an initial public offering, selling the company's shares on a stock market, is also being considered. According to unnamed sources, the company could reach a deal in the next week or two. OnlyFans did not immediately respond to Euronews Business's request for comment.
Daily Mail
24-05-2025
- Business
- Daily Mail
OnlyFans owner 'in talks' to sell racy website for staggering amount
OnlyFans owner Leonid Radvinsky is set to sell the racy subscription-based platform for a whopping $8 billion. According to Reuters and Variety, Radvinsky is in talks to sell the porn-centric website to Los Angeles-based investment firm Forest Road Company. The Forest Road Company already boasts a variety of investments in the entertainment industry. 'The talks with the Forest Road-led group are not exclusive and there's no timeline for when a deal might be consummated,' Variety reports. Ukrainian-American businessman Radvinsky made a fortune as the founder of adult webcamming website MyFreeCams, which launched in 2004. In 2018, he bought a 75 percent stake in OnlyFans' parent company Fenix International Ltd. from its British founders Tim Stokely and his dad Guy Stokely. The platform ended up exploding during the Covid-19 pandemic, and in 2022, Radvinsky made Forbes' list of Jewish billionaires. While OnlyFans hosts all kinds of creators, it's largely known for its pornographic content. Several years ago, the site started pushing PG-rated content on their safe-for-work streaming platform, OFTV. OnlyFans has put in extra effort to promote everything from cooking videos to celebrity comedy specials and reality shows on OFTV, following growing criticism and a 'porn' stigma around the platform. All the content on OFTV comes from OnlyFans creators, but unlike the actual OnlyFans platform, no nudity or pornography is allowed. OFTV has brought over a number of celebrity creators to do less risqué content, most notably American comedian and podcaster Whitney Cummings. Cummings joined the site in 2022 so she could post some of her edgier jokes behind a paywall without being 'taken out of context' on more mainstream social media apps. 'I know people like to make fun of [OnlyFans] because there are naked ladies on there. I just decided, if the audience is going here, as a comedian there's something worth checking out here,' she told Variety last year. She added: 'I wouldn't have the self-esteem to charge people to see my naked body. Instead of dirty photos, you're gonna see dirty jokes.' Other mainstream names on OFTV include fashion designer Elena Velez, comedian Brittany Schmitt, and reality star Heidi Montag, who released a music video on the platform. Last year, the CEO of OnlyFans revealed that the company has paid out $20 billion to its creators since its inception in 2016. CEO Keily Blair was speaking at the Bloomberg Screentime conference in Los Angeles when she revealed the incredible figure. 'Porn is free on the internet. I think the reason why people pay for OnlyFans is because they want to engage with those particular creators,' Blair said. 'It's because of the ability to customize as well as to ask for a specific content.' She continued, 'Everyone assumes it's sexy content. Some of it sexy content and we're very happy with that, we're an inclusive platform, and we're that way for a reason. 'We believe it's very important for adult content creators to have a safe space, to be able to monetize and also to be able to do that alongside other content creators. 'We're all adults, we're all grownups, we can all choose what content we subscribe to.'
Bloomberg
23-05-2025
- Business
- Bloomberg
OnlyFans in Talks for Sale at $8 Billion Valuation, Reuters Says
A Los Angeles investment firm is in discussions to buy out OnlyFans Ltd. in a deal that values the site at $8 billion, Reuters reported. OnlyFans, which soared in popularity during global Covid lockdowns, has been in talks since at least March with Forest Road Company about a transaction with unknown terms, Reuters said, citing anonymous sources. The company may be engaging with other suitors as well, the news service reported.
Gizmodo
22-05-2025
- Business
- Gizmodo
OnlyFans Is Reportedly in Talks to Sell Off Its Porn Empire for $8 Billion
OnlyFans, the internet's kingdom of smut, may be changing hands soon. Reuters reports that the porn platform's parent company, Fenix International, Ltd., is in talks to sell the business for some $8 billion to a U.S. investor group. The New York Post previously reported that Leonid Radvinsky, the billionaire owner of the site, was looking to 'cash out,' but had not yet found a buyer. Reuters now identifies at least one potential buyer as the Forest Road Company, an investment firm based in Los Angeles that is reportedly leading an investor group that wants to buy the porn platform. On its website, Forest Road describes itself as 'not your average investment firm' and says it embraces 'complexity and creativity to extract value where others see limitations.' The site also expresses an interest in 'media & entertainment' and 'digital assets.' Not much else is known about the talks. Citing sources familiar with the potential deal, Reuters writes that Fenix is also talking to other interested parties. Gizmodo reached out to OnlyFans for more information. OnlyFans was founded in 2016 and rose to prominence during the pandemic by helping horny satisfy their libidos whilst otherwise avoiding human contact. Since then, the business has only continued to grow. Other than a weird brief moment in 2021 (when the company bizarrely claimed it would ban 'sexually explicit content'), it has served as a premier destination for dirty content, and has helped re-shaped the porn industry through its gig-worker model. Last year, the company reported that payments made through the platform had surged by 19 percent since 2023, topping some $6.6 billion. Radvinsky purchased the company in 2019 and it has made an absolute killing since then. Bloomberg reported last year that the mogul had made $1 billion in three years through corporate dividends from the business. The company has also been the subject of considerable criticism, as well as numerous legal complaints. Critics accuse the platform of being frequented by sex traffickers, and claim that the site has also become a portal for child sexual abuse material. The company was also recently sued by two customers who were outraged to discover that they may have not been messaging with real models (creators often outsource their customer communications to third-party firms).
