OnlyFans for Sale at a Bargain $8 Billion

Oh, look at this! The brainiacs over at Fenix International Ltd, those clever folks who own OnlyFans, have finally woken up and smelled the AI-generated coffee. They’re rushing to sell the site to some mysterious investor group, reportedly valued at around $8 billion. That may sound like an obscene pile of cash, but the thousands of sluts on OnlyFans selling bathwater to their simps generate over $6.5 billion in profits for the company each year. And you know who’s leading this charge to get a cup of that bathwater? The Forest Road Company, a bunch of suit-wearing, deal-making types from LA. But hey, who are the other investors? Who knows? Maybe they’re hiding under a rock, or maybe they’re just embarrassed to be associated with a platform that’s about to be outdated by AI porn.

OnlyFans, the darling of the COVID-19 pandemic, is basically a digital brothel where porn creators can charge subscribers for their “content.” And Fenix? They take a hefty 20% cut of those earnings. From 2020 to 2023, their revenue skyrocketed from $375 million to $6.6 billion. Impressive, right? Well, not when you consider that AI porn is about to steal their thunder, as Google’s new video generator VEO 3 made clear last week.

Some of the bigwigs at Forest Road were also involved in a special purpose acquisition company that almost took OnlyFans public in 2022. Almost. But now, they’re back for round two, and this time, they might just sweep it under the rug and call it a day.

Fenix is also chatting with other potential buyers, but shh, it’s a secret. They’ve been in talks since March and might just seal the deal in the next couple of weeks. Or maybe not. Who knows? These things are never certain.

And who’s the man behind the curtain? Leonid Radvinsky, a Ukrainian American who bought OnlyFans in 2018 and has been siphoning off at least $1 billion in dividends ever since. Nice work if you can get it, huh?

But here’s the kicker: OnlyFans has been a hotbed of controversy, with complaints about illegal and nonconsensual material, and sex traffickers using the platform. Porn is a messy business, and it’s made OnlyFans radioactive for many big banks and investors. But hey, as long as the money’s rolling in, who cares, right?

So, there you have it. OnlyFans is on the block, and it looks like the owner has finally realized that AI is about to make their human models obsolete. Let’s see how this plays out!