The video-sharing site OnlyFans, best known for its content producers ’adult videos and photos, will be banning sexual content from October 1st. First reported Bloomberg, the company says it is making changes due to pressure from its banking and payment services partners.
“In order to ensure the long-term sustainability of our platform and continue to be hosted by the host creator and fan community, we need to develop our content policies,” OnlyFans said in a statement. Limit.
Content providers on the platform will continue to be able to publish nude images as long as they meet the requirements of the site acceptable usage policy. More information will be available in the coming days, the company added: “OnlyFans remains committed to the highest standards of security and content moderation on all social platforms.”
OnlyFans claims more than 2 million content providers – who he says have earned more than $ 5 billion on their platform – and 130 million users. Last year the site generated $ 2 billion sales (of which OnlyFans receives a 20% cut).
The company is looking for investors worth more than $ 1 billion, but has had difficulty attracting investors, according to the report Axiosmainly due to the increase in pornography on the site (Axios points out that the company did not mention pornography to its investors at all).
Despite its ability to draw eyeballs and the safer environment it provides for sex workers, online porn is a tough seller for investors. Remember, Verizon was preparing for it sells Tumblrin to Automattic, blog site permanently banned adult content in 2018, at that time a highly controversial movement.
In addition to the sexual content announcement, OnlyFans released the first monthly transparency report from July on Thursday “as part of our commitment to security and transparency.”