Latest news with #Proper12
Mint
27-05-2025
- Business
- Mint
OnlyFans is up for sale: UFC legend Conor McGregor ‘confirms' his interest in Instagram Story
Leonid Radvinsky is considering selling OnlyFans. The owner of the adult-content platform has valued the company at around $8 billion, per Bloomberg. The London-based website allows creators to share exclusive videos, photos and messages. It keeps 20% of all earnings. Over time, it has grown beyond adult content, adding comedians, singers and trainers to attract wider audiences. Talks are still in the early stages, and no deal is final. OnlyFans made a profit of $485.5 million in the year ending November 2023. Radvinsky owns the platform through Fenix International. The Ukraine-born entrepreneur who now lives in Florida has earned over $1 billion in dividends in three years. He bought the business in 2018 from UK founders Guy and Tim Stokely. OnlyFans gained huge popularity during the COVID-19 lockdown. Radvinsky, who founded MyFreeCams, bought 75% of OnlyFans' parent company in 2018. Despite the company's growth, any sale faces challenges due to its adult content. A group led by Forest Road Company is among the possible buyers. Neither Radvinsky nor OnlyFans has commented on the matter. Now, it has emerged that UFC legend Conor McGregor is in 'serious talks' to buy the adult content platform. McGregor apparently confirmed he is interested in the purchase by sharing an Instagram Story. Conor McGregor's Instagram Story McGregor, a former UFC champion, has made wise investments. His Proper 12 whiskey brand was sold for around £500 million ($677 million), earning £120 million ($162 million). He still promotes the brand actively. Conor McGregor also owns a pub in Dublin called The Blackforge Inn, where he promotes his businesses. He reportedly spent $3.4 million to buy and renovate the venue. McGregor's growing business empire continues to expand beyond the fight world. His interest in OnlyFans shows that he is not hesitant to take a bold new step. In October 2024, OnlyFans CEO Keily Blair revealed that OnlyFans had paid $20 billion to over 4 million creators since 2016. The platform doesn't show ads or track users. Instead, it earns through subscriptions, pay-per-view and tips. According to Blair, over half of the platform's earnings come from small payments rather than regular subscriptions. 'P*rn is free on the internet. I think the reason why people pay for OnlyFans is because they want to engage with those particular creators. It's because of the ability to customise as well as to ask for specific content,' Bloomberg quoted Blair as saying.
Daily Mail
27-05-2025
- Business
- Daily Mail
Conor McGregor is in 'serious talks' for £6billion purchase of adult subscription-based website OnlyFans
Conor McGregor is in 'serious talks' to purchase the racy subscription-based platform OnlyFans. According to Reuters, owner Leonid Radvinsky is in talks to sell the porn-centric website to Los Angeles-based investment firm Forest Road Company but the former UFC champion has now thrown his hat in the ring for the whopping £6billion purchase. The 36-year-old shared a report claiming that he is in 'serious talks' to acquire the company that saw its popularity and valuation skyrocket during the Covid-19 pandemic. 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. McGregor, meanwhile, has substantially grown his wealth through wise investments throughout his combat career and especially since his last appearance in the Octagon in 2021. According to Forbes, the Irishman has a net worth around £31m but other reports put it in the region of £150m. McGregor has been the face of Proper 12 whiskey and Forged Irish Stout, appearing in advertisements and promotional material across a host of platforms, with the Proper 12 whiskey brand named after McGregor's home postal district in Dublin. The Proper 12 Irish Whiskey brand was first launched back in 2018 by McGregor, with the fighter and his team eventually selling the brand for a reported sale price of roughly £500 million. McGregor himself pocketed an estimated £120 million in the deal when selling his majority stake, but has remained a prominent promoter of the whiskey since its 2021 acquisition by Proximo Spirits. The former two-division UFC champion also currently owns a business empire in his native Ireland which boasts the popular Dublin pub The Blackforge Inn as its public-facing crown. McGregor has spent an estimated £2.5 million purchasing and renovating the venue on Dublin's Longmile Road which has become the social media backdrop for the fighter's online promoting of both Proper 12 whiskey and Forged Irish Stout. 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. Last year, the CEO of OnlyFans revealed that the company has paid out $20 billion to its creators since its inception in 2016.
