OnlyFans, a video-sharing site known for its creators’ adult videos and photos, will ban pornographic content from October 1st. Bloomberg first reported that the company said it wOnlyFans, a video-sharing site known for its creators’ adult videos and photos, will ban pornographic content from October 1st. Bloomberg first reported that the company said it was making changes due to pressure from banks and payment provider partners, even though a BBC investigation found that the company was tolerant of creators who post illegal content.
“In order to ensure the long-term sustainability of our platform and continue to host an inclusive community of creators and fans, we must develop our content guidelines,” OnlyFans said in an email statement to The Verge.
platform creators can still post nude images as long as they comply with the site’s acceptable use policy. The company added that more information will be provided in the next few days: “OnlyFans remains committed to the highest level of security and content review on any social platform.”
However, according to BBC reports, the review of the website did not meet this standard. It reported that a “compliance manual” instructed employees to issue three warnings to users, even if the deleted content was illegal. The BBC also reported that those more successful accounts with a larger subscriber base were managed by a separate team and received additional warnings when they violated the site’s rules.
OnlyFans claims to have more than 2 million creators, who are said to have earned more than 5 billion U.S. dollars on its platform, and 130 million users. Last year, the site generated $2 billion in sales (of which OnlyFans received 20% of the revenue).
The company is seeking investors with a valuation of more than US$1 billion, but according to a report by Axios, the company has encountered difficulties in attracting investors, mainly due to the proliferation of pornographic content on the website (Axios pointed out that the company has not No mention of pornography at all on its launch pad for investors).
Although it can attract attention and provide a safer environment for sex workers, online pornography is difficult to sell to investors. Keep in mind that while Verizon is preparing to sell Tumblr to Automattic, the blog site permanently banned adult content in 2018, which was a very controversial move at the time.
Following the announcement of pornographic content, OnlyFans released its first monthly transparency report in July on Thursday, “as part of our commitment to safety and transparency.”