Latest news with #Radvinsky
Yahoo
27-05-2025
- 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
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.
Miami Herald
26-05-2025
- Business
- Miami Herald
OnlyFans in talks to sell business for $8 billion
The word "quarantine" may bring dark memories to some, but for OnlyFans and its millions of subscribers and creators, it became a life-changer. Many industries hit an all-time high during the Covid pandemic, including alcohol, e-commerce, at-home fitness, and, of course, health care. Don't miss the move: Subscribe to TheStreet's free daily newsletter However, once life returned to normal, many of these industries became subject to the consumer slowdown, reaching all-time lows. Despite all efforts, some still can't get business back on track. Related: Google brings Iron Man/Tony Stark tech to regular people As with any situation, there are outliers, and the quarantine periods caused by the pandemic might have been the push that OnlyFans needed to reach its full potential and become one of the most lucrative businesses to this day. Image source: NurPhoto/Getty Images OnlyFans is a UK-based subscription social media platform where creators can create and monetize content. The platform is popularly known for distributing sexually explicit content and makes money by taking 20% of what creators make. Although Tim Stokely founded the platform in 2016, Ukrainian-American Leonid Radvincky saw great growth potential and bought a majority stake in OnlyFans' parent company, Fenix International, in 2018. Related: Aldi acquires multiple locations from bankrupt retail chain Radvincky was right about his decision because the company rose to fame only a few months later during the Covid pandemic. After all, people needed something to do while stuck at home all day, and consuming content seemed like the only form of entertainment that could help make the time a bit less boring. In 2020, OnlyFans' revenue rose to $375 million; by the end of 2023, it was worth over $6.6 billion. Since then, it has grown immensely and is now reportedly worth around $8 billion. OnlyFans owner and sole shareholder Radvinsky had reportedly been trying to sell the platform for a while, yet couldn't find a suitable buyer due to the complexity and controversial nature of the business, as The New York Post reported. However, that didn't last long because Radvinsky is said to currently be in talks to sell his massive company for around $8 billion to an investor group led by LA-based investment firm Forest Road Co., as reported by Reuters, which says it obtained the information from a source familiar with the matter. Forest Road, as stated on the company's website, is known for investing in business sectors including media and entertainment, renewable energy, digital assets, life science, and consumer goods, in cases when traditional financing systems have failed. More Retail News: Starbucks faces huge new rivalDiscount retailer brings back popular line from Dolly PartonKroger quietly shuts down service that Walmart dominates The talks have been ongoing since March or earlier, and a deal could be finalized within the next few weeks. However, Fenix is still keeping other interested investors under consideration. Nonetheless, neither OnlyFans' owner nor the investor group has publicly confirmed the alleged agreement. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Hypebeast
26-05-2025
- Business
- Hypebeast
OnlyFans Discussing Sale to Investor Group for $8 Billion USD
Summary OnlyFansowner Leonid Radvinsky is currently in talks to sell his content creator site for a valuation of about $8 billion USD. Varietyreports that Radvinsky is discussing OnlyFans' sale to an investor group led by Forest Road Co.. The LA-based firm's executives were previously included in a special purpose acquisition company that were negotiating an OnlyFans IPO in 2022. A source stated that an IPO is not on the table as of writing. No additional details have been confirmed so far, howeverVarietyadds that the talks are neither exclusive nor bound by a deadline. Earlier reports from theNew York Postclaimed that Radvinsky was having issues finding a buyer due to its content. He was also supposedly looking to sell the site for somewhere between $1.46 billion USD to $2.42 billion USD. Varietyfurther reports that OnlyFans grossed a whopping $6.63 billion USD in revenue by the end of its 2023 fiscal year. Its creators earned $5.32 billion USD. The site logged 4.12 million creators and over 300 million registered users during the same timeframe. OnlyFans was initially launched in 2016 by Tim Stokely. Radvinsky acquired a 75% stake in the site's parent company Fenix International Ltd. two years later.
Indian Express
25-05-2025
- Business
- Indian Express
OnlyFans owner in talks to sell adult content-focused platform for $8 billion: Report
OnlyFans, the popular subscription-based platform for adult content, could be sold with a price tag of around $8 billion. Billionaire owner Leonid Radvinsky is in talks to sell the content creator site to an investor group led by a US-based investment firm, Forest Road Co, according to a report by Reuters. However, discussions to sell OnlyFans are not exclusive to Forest Road Co and the timeline for a deal is unclear, the report added. Despite an $8 billion valuation, Radvinsky has been looking to sell OnlyFans for a price in the range of $1.46 billion to $2.42 billion after having trouble finding buyers due to the platform's pornography-centric content, according to a report by New York Post. OnlyFans was founded by Tim Stokely in 2016 as a relatively safer platform that prioritised creators of adult content. Radvinsky,who also founded a cam site called MyFreeCams, bought OnlyFans from Stokely in 2018. Since then, OnlyFans has witnessed a revenue growth of 2000 per cent due to its unique business model that does not rely on advertising, unlike social media platforms like Facebook and Instagram. The platform requires users to submit to an extensive ID verification process in order to create an account. OnlyFans has also said it has taken certain steps such as building a deliberately hard-to-use search function to make its platform safe for creators. Registered users are required to pay a subscription fee to view content posted by OnlyFans creators, explicit or otherwise. The company takes a 20 per cent cut from the fee and the remaining 80 per cent is paid out to OnlyFans creators. As of the end of its 2023 fiscal year, OnlyFans has 4.12 million creators and more than 300 million registered users. Its gross revenue touched 6.63 billion, up 19 per cent from the year-ago period, and net revenue rose by 20 per cent to $1.31 billion. The company reported a pre-tax profit of $658 million for fiscal 2023, with creator payouts amounting to a total of $5.32 billion, as per regulatory filings. OnlyFans parent company is a London-based firm called Fenix International which lists Radvinsky as the sole shareholder. In 2021, OnlyFans sparked intense backlash among content creators after it announced plans to ban pornography on the platform. However, the company abandoned these plans and said it had 'secured assurances necessary to support our diverse creator community.' Since then, the company has been making efforts to move away from adult-oriented content by recruiting several non-porn content creators and launching a safe-for-work free streaming service with original content called OFTV.
