Latest news with #MyFreeCams
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.'
Daily Mail
23-05-2025
- Business
- Daily Mail
OnlyFans owner 'in talks' to sell racy website for whopping $8 BILLION
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.'
Yahoo
23-05-2025
- Business
- Yahoo
OnlyFans' Ukrainian owner plots £6bn sale of adult site
OnlyFans, the British website that allows people to cash in on adult photos and videos, is in talks to sell itself for $8bn (£6bn) to an investment company connected to former Disney executives. Fenix International, the holding company that owns OnlyFans, is in talks with a consortium led by the Forest Road Company, a Los Angeles-based investment firm that counts former senior Disney executive Kevin Mayer as a board member. Negotiations have been taking place since at least March and it is understood that a deal for the porn, fitness and cooking platform could be signed within two weeks, Reuters reported. A sale would represent a significant windfall for Ukrainian-American porn baron Leonid Radvinsky, who bought OnlyFans for an undisclosed sum from its British founders in 2018. Companies House records list Mr Radvinsky as Fenix's sole shareholder, although the company describes him as its 'majority' owner. OnlyFans positions itself as a broad church of online influencers selling fitness, cooking and lifestyle videos, but is best known for a porn empire of millions of self-employed adult stars. The company was set up by Essex entrepreneur Tim Stokely with financing from his father Guy, a former investment banker. The negotiations come three years after Forest Road previously sought to take over the entertainment website through a so-called blank cheque company that had raised $350m from Wall Street. The shell company was managed by a group of former Disney executives including ex-finance chief Thomas Staggs. Axios reported that it walked away with concerns about OnlyFans' pornographic focus. Forest Road provides financing to the television and film industry, with clients including ITV and Netflix, and owns an indie film distributor. It has also invested in a Formula E racing team and clean power projects. Sources told Reuters that OnlyFans was also in talks with other potential suitors. A stock market flotation is also being considered, sources claimed. However, the adult content on the site is understood to make OnlyFans untouchable for many big banks and investors. The potential payday for Mr Radvinsky, 42, comes on top of £1bn in dividends from OnlyFans he has banked over the past five years. The company has rapidly grown under Mr Radvinsky's ownership. Its revenue rose by 20pc in 2023 to $1.3bn. That was up from $375m in 2020. Mr Radinsky, who was born in the southern Ukrainian city of Odesa but moved to the US as a child, keeps a low profile although he is understood to live in Florida. He currently runs a venture capital fund that supports technology start-ups. However, the economics graduate is best known for setting up a string of pornography-related websites, including the streaming website MyFreeCams. That site, where adult models broadcast themselves stripping in exchange for tips from viewers, became one of the most visited sites on the internet. Forest Road declined to comment. OnlyFans was approached for comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Yahoo
23-05-2025
- Business
- Yahoo
OnlyFans' Ukrainian owner plots £6bn sale of adult site
OnlyFans, the British website that allows people to cash in on adult photos and videos, is in talks to sell itself for $8bn (£6bn) to an investment company connected to former Disney executives. Fenix International, the holding company that owns OnlyFans, is in talks with a consortium led by the Forest Road Company, a Los Angeles-based investment firm that counts former senior Disney executive Kevin Mayer as a board member. Negotiations have been taking place since at least March and it is understood that a deal for the porn, fitness and cooking platform could be signed within two weeks, Reuters reported. A sale would represent a significant windfall for Ukrainian-American porn baron Leonid Radvinsky, who bought OnlyFans for an undisclosed sum from its British founders in 2018. Companies House records list Mr Radvinsky as Fenix's sole shareholder, although the company describes him as its 'majority' owner. OnlyFans positions itself as a broad church of online influencers selling fitness, cooking and lifestyle videos, but is best known for a porn empire of millions of self-employed adult stars. The company was set up by Essex entrepreneur Tim Stokely with financing from his father Guy, a former investment banker. The negotiations come three years after Forest Road previously sought to take over the entertainment website through a so-called blank cheque company that had raised $350m from Wall Street. The shell company was managed by a group of former Disney executives including ex-finance chief Thomas Staggs. Axios reported that it walked away with concerns about OnlyFans' pornographic focus. Forest Road provides financing to the television and film industry, with clients including ITV and Netflix, and owns an indie film distributor. It has also invested in a Formula E racing team and clean power projects. Sources told Reuters that OnlyFans was also in talks with other potential suitors. A stock market flotation is also being considered, sources claimed. However, the adult content on the site is understood to make OnlyFans untouchable for many big banks and investors. The potential payday for Mr Radvinsky, 42, comes on top of £1bn in dividends from OnlyFans he has banked over the past five years. The company has rapidly grown under Mr Radvinsky's ownership. Its revenue rose by 20pc in 2023 to $1.3bn. That was up from $375m in 2020. Mr Radinsky, who was born in the southern Ukrainian city of Odesa but moved to the US as a child, keeps a low profile although he is understood to live in Florida. He currently runs a venture capital fund that supports technology start-ups. However, the economics graduate is best known for setting up a string of pornography-related websites, including the streaming website MyFreeCams. That site, where adult models broadcast themselves stripping in exchange for tips from viewers, became one of the most visited sites on the internet. Forest Road declined to comment. OnlyFans was approached for comment. 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
