The Reason Why OnlyFans Is Saying Goodbye To The Porn Biz | Spurzine
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The Reason Why OnlyFans Is Saying Goodbye To The Porn Biz

Social media service OnlyFans is making a big change to its platform starting October as the company will be prohibiting certain types of content on its website very soon.

OnlyFans made a huge decision to prohibit all kinds of sexually explicit content from its website, meaning the social platform is getting out of the pornography business.

Starting in October, the company will prohibit creators from posting content/material with sexually explicit conduct on its website. The new move was a shock to many as the platform had gained a lot of popularity for such content.

This is going to affect many sex workers that were making a living by offering subscriptions to fans interested in their explicit content. However, the company will still allow them to put up nude photos and videos, provided they’re consistent with OnlyFans’ policy, the company said Thursday.

OnlyFans is a content subscription service based in London, which gives content creators the ability to earn money from users who subscribe to their content. It allows content creators to receive funding directly from their fans on a monthly basis as well as one-time tips and the pay-per-view feature.

The social media service became a popular platform during the pandemic attracting more than 130 million users as it saw a number of sex workers, musicians and online influencers earn lots of money from fans for exclusive access to photos, videos and other material.

However, this popularity didn’t come without its disadvantages as it attracted a lot of attention towards the platform bringing in more scrutiny towards its content. According to Bloomberg, the platform had positioned itself as a service for musicians, fitness instructors and chefs than sex workers.

OnlyFans is getting out of the pornography business

According to Bloomberg, the company has taken such a drastic step due to mounting pressure from banking partners and payment providers. It is also reported that OnlyFans is trying to raise money from outside investors at a valuation of more than $1 billion.

Effective Oct. 1, 2021, “OnlyFans will prohibit the posting of any content containing sexually explicit conduct,” the company said in a statement. “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.”

The company has been praised for giving sex workers a safer place to do their jobs. But sex work still has a stigma. The company handled more than $2 billion in sales last year and is on pace to generate more than double that this year, Bloomberg reports.

“We will be sharing more details in the coming days, and we will actively support and guide our creators through this change in content guidelines,” the company said. “OnlyFans remains committed to the highest levels of safety and content moderation of any social platform. All creators are verified prior to being able to upload any content to OnlyFans, and all uploaded content is checked by automated systems and human moderators.”

Earlier this year, the company introduced a new app called OFTV that features many of its top creators but doesn’t include any sexually explicit material which means it’s slowly shifting away from porn content and focusing more on other material.

OFTV features original content from more than 100 OnlyFans creators, spanning fitness, cooking, comedy, health, music and more.

Founded in 2016, the company says it has paid out more than $5 billion to creators worldwide. According to its terms, the company keeps 20% of revenue generated by its 2 million-plus creators.  

 

Also read: Rihanna Is Now A Billionaire And The Wealthiest Female Musician In The World

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The Reason Why OnlyFans Is Saying Goodbye To The Porn Biz 1

Author: Allan Bangirana

Allan Bangirana is a freelance writer for Newslibre & Spur Magazine. He is passionate about tech, games and occasionally writes about entertainment, lifestyle and so much more.
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