There's a huge debate going on. Billions of dollars are involved. Quick look at the Top 5 earners on OnlyFans today:
https://www.ibtimes.com/10-onlyfans-top ... te-327761910 OnlyFans Top Earners: Highest-Paid Creators On The Adult Content Site
By Renz Soliman
08/20/21 AT 6:31 AM
#5 Mia Khalifa
Former adult video star Mia Khalifa previously made her name known by working in the porn industry. She has found success in OnlyFans, where the majority of her followers are fans from her glory days in the adult entertainment scene. She earns roughly $6.42 million per month through her OnlyFans page.
#4 Tyga*
Kylie Jenner’s ex, Tyga, has an estimated net worth of $5 million from his success in the music industry. Born Micheal Ray Nguyen-Stevenson, the rapper started his OnlyFans page in September 2020. He reportedly earns about $7.69 million monthly from subscriptions and other revenue.
#3 Cardi B
Cardi B is one of the most popular female rappers in the music industry and has a massive estimated net worth of $40 million. Her lucrative earnings didn’t stop her from making an OnlyFans account, where she earns an additional $9.34 million per month.
#2 Bella Thorne
Bella Thorne made a giant wave in OnlyFans when she signed up, earning $1 million on her first day on the website, as per Variety. The Disney star made headlines for making it big on the platform in her first 24 hours. She currently earns roughly $11 million per month through the exclusive subscription website.
#1 Blac Chyna
The title of top OnlyFans earner goes to Blac Chyna, who reportedly receives $20 million monthly from the website. The reality television personality has an estimated net worth of $1.6 million from her business ventures, including beauty products and services.
* Breaking news this hour is that Tyga is closing his OnlyFans to set up a new service. Forbes (!):
EDITORS' PICK | Aug 20, 2021, 03:12pm EDT
Tyga Deletes OnlyFans Account To Launch Competitor ‘myystar’
https://www.forbes.com/sites/abigailfre ... r-myystar/
With OnlyFans announcing they are radically changing their policies to ban sexual content, all adult user generated content sites, like live adult streaming services such as Chaturbate are panicked. Banking and credit card companies are tighting their grip. After a major NY Times expose of PornHub, hundreds of thousands of videos were removed. Pornhub ended up in the news again...Financial Post:
Lots more: https://financialpost.com/fp-finance/fi ... rnhub-casePornhub case raises questions of accountability for financial firms like Visa
Some argue payments providers have the power to change a company’s behaviour by withdrawing services
Author of the article: Stephanie Hughes Publishing date:Aug 19, 2021 • 1 day ago
Visa and its merchant banks have been named in a lawsuit alleging they were actively aware of exploitation on Pornhub and profited from it by accepting transactions on the site.
The Canadian website Pornhub found itself in the headlines again in June when more than 30 women filed a lawsuit alleging that it, along with parent company Mindgeek, profited off of content promoting non-consensual intercourse, human trafficking and child pornography.
While Pornhub has faced criticism on a number of fronts, the lawsuit, launched by Brown Rudnick LLC in the U.S., is notable for another reason: It also names Visa Inc. and the credit card giant’s merchant banks, alleging they were actively aware of the exploitation and were profiting from it while they settled transactions for the company. It is believed to be the first Racketeer Influenced and Corrupt Organizations Act (RICO) case that attempts to hold financial institutions accountable for the role they may play in sexual exploitation by processing payments.
The folks we know that do OF & CB are very worried*. And it's not just young people, a Florida couple in their late 40s called Lacey & Jeff make six figures a year on Chaturbate. This Engadget article has an overview:
Lots more, including Petreon's U-Turn on adult content when they started becoming successful: https://www.engadget.com/onlyfans-big-b ... 41161.htmlOnlyFans’ policy switch is the latest victory in Big Banking’s war on sex
It’s the same story we saw when Patreon dumped sex workers in 2017.
Daniel Cooper @danielwcooper August 20th, 2021
OnlyFans, the platform that allows creators to sell material directly to customers, will soon implement new restrictions on the publication of adult content. Starting in October, the company will ban the sale of sexually explicit content and depictions of sexual acts. The move does not cover all nudity, but says that specific rules will be outlined in an as-yet unpublished acceptable use policy. In a statement, OnlyFans said that the changes were prompted by “requests” made by its “banking partners and payout providers.” In short, the company’s arm has been twisted by the same big banks that have waged war on online sex work for years.
Big Business
The business can certainly attribute much of its success to enabling sex work and helping sex workers to get paid. Over the last two years, OnlyFans has grown from relative obscurity into a brand that is synonymous with adult content. Earlier this year, it boasted that its creators had earned more than $3 billion, and the platform was name-checked in a Beyoncé remix. It’s believed that the company, which had around 7 million users in 2019, has seen that figure reach closer to 130 million in recent months. And, on June 16th, Bloomberg reported that the site was looking to attract investors in order to raise more funding at a valuation of more than $1 billion.
here's OF full statement. nice of them to throw the transparency report in there. here's that too: https://t.co/xfFrfmX4Wp pic.twitter.com/8WqjSGjLUk
— Samantha Cole (@samleecole) August 19, 2021
It is clear, however, that a number of people who both create content for, and use, the site feel that the impending adult content ban is a betrayal. In a statement shared with Engadget, Isaac Hayes III, founder of Fanbase — a social media site that lets users sell their content — summed up the general sentiment rather neatly. Hayes said that the move was “disgraceful,” and that OnlyFans had “made billions off that user base.” He added that dumping sex workers after becoming a household name was “exactly what these platforms do. Discard the users who make it popular once they get what they want.” And in this case, it does seem as if the twin aims of securing more money from investors and retaining access to banking is what prompted the move. It’s a story that we’ve heard several times before.
***
Back in April, MasterCard announced that it would further toughen the reporting requirements around adult content. John Verdeschi, Senior Vice President, wrote that banks using its network would need to “certify that the seller of adult content has effective controls in place to monitor, block and, where necessary, take down all illegal content.” This includes rules requiring platforms to keep a record of the identity of every performer shown, as well as who uploads the content. In addition, all content would need to be reviewed prior to release, and all platforms need to run a beefed-up complaints resolution process to take down illegal or non-consensual material within seven days.
As TechDirt wrote back then, as reasonable as these policies sound, they seem intentionally designed to block all adult content, not just the illegal stuff. As it explains, “the new policy [...] makes it impossible for streaming platforms to comply with the new rules. Since they’re not able to prescreen streamed content, they’re [sic] just going to start blocking anything that seems like it might lead to MasterCard pulling the plug.” Mary Moody tweeted, upon announcement of the policy change, that “OnlyFans, MyFreeCams & more are in danger.” As with Patreon, MasterCard's reporting requirements appear to be such a burden that companies would rather avoid the issue altogether than attempt to comply.
***
It’s likely that this will be seen as another reason to switch to a blockchain and cryptocurrency-based system as a way of escaping the reach of big banking. There are several, including SpankCoin and Nafty, that offer sex workers the ability to sell content through their systems. And as more major platforms are picked off by a combination of payment processors and regulators, this space is going to grow.
Here's the masturbation conundrum... nude but not explicit. TRL's hands in pockets in the other topic might be true!
Newsweek story about it, but it's pretty watered down, the OF statement is in it, but OF hasn't released the real info yet. https://www.newsweek.com/new-onlyfans-r ... nt-1621339OnlyFans spokesperson said: "Effective 1 October, 2021, OnlyFans will prohibit the posting of any content containing sexually-explicit conduct. In order to ensure the long-term sustainability of the platform, and to continue to host an inclusive community of creators and fans, we must evolve our content guidelines. "Creators will continue to be allowed to post content containing nudity as long as it is consistent with our Acceptable Use Policy. These changes are to comply with the requests of our banking partners and payout providers.
For TOS geeks, OF's is a choker (this is current, not including the Oct changes): https://onlyfans.com/terms#terms-use-all-users
These kids are friends of ours. Here's a YouTube video of how these Canadian 18 year olds (they were really 19, now turning 22) turned Chaturbate into a $500K/year business. It's true. No nudity in this YT. They just bought a house in cash. This video was for a CB run promotion on how the service changed lives. Including it to see the human side of this.