The sources note that several members of Forest Road's management team have been discussing a potential arrangement to take OnlyFans public as soon as 2022. Fenix International Ltd, which owns the service, is negotiating with other possible purchasers and is also contemplating an IPO.
Discussions with Forest Road have been in progress since at least March, and an agreement might be revealed within the next few weeks.
The popularity of OnlyFans soared during the coronavirus pandemic. Creators of primarily adult content use the platform to offer their works to subscribers while the company receives commissions.
During the fiscal year concluding in November 2023, OnlyFans earned $6.6 billion in revenue, contrasting with $375 million in 2020.
The only proprietor of Fenix International is Leonid Radvinsky, an American born in Ukraine. He obtained OnlyFans in 2018.
source: reuters.com
Discussions with Forest Road have been in progress since at least March, and an agreement might be revealed within the next few weeks.
The popularity of OnlyFans soared during the coronavirus pandemic. Creators of primarily adult content use the platform to offer their works to subscribers while the company receives commissions.
During the fiscal year concluding in November 2023, OnlyFans earned $6.6 billion in revenue, contrasting with $375 million in 2020.
The only proprietor of Fenix International is Leonid Radvinsky, an American born in Ukraine. He obtained OnlyFans in 2018.
source: reuters.com