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Grownup streaming website OnlyFans reaches $1 billion income landmark

In 2016, Tim Stokely and his brother Thomas took out a mortgage to create a content material subscription service the brothers titled “OnlyFans.” The thought was to present content material creators a spot to publish unique content material for paying subscribers.

Two years later, it was bought by the proprietor of a cam website, and the platform started specializing in grownup or NSFW (not secure for work) content material. OnlyFans gained a fame as a website that hosted pornography, but it surely has additionally been utilized by influencers, musicians, and different content material creators — and due to them, the location has now damaged the $1 billion income barrier.

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If OnlyFans had a spicy fame in 2019, the covid-19 pandemic compelled everybody to remain residence for a yr, turning the platform right into a family identify. Staff who immediately discovered themselves out of a job turned to the content material creation website to complement their revenue.

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The platform — and its new proprietor — have loved skyrocketing success through the years. In 2022, customers spent greater than $5.5 billion on subscriptions, pay-per-view, and different unique content material.

Proprietor of OnlyFans, Ukranian-born Leonid Radvinsky, is fairly reclusive the place the press is worried. However the billionaire has come underneath scrutiny earlier than because of his early profession proudly owning a string of internet sites promoting unlawful porn-site passwords.

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