OnlyFans Seeks $1Bil Valuation, May Get Rid Of Sex Work: Report

BY Erika Marie 30.0K Views
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OnlyFans
The site is known for its adult entertainment, but it's reported that they are considering switching things up to attract advertisers.

The OnlyFans boom helped thousands of people survive losing their jobs during quarantine, but it's reported that the site may be changing up its policies in the near future. Throughout 2020, OnlyFans became the place to be for people involved in sex work of all types, from nude photos to hardcore pornography. People, including celebrities, have capitalized off of the subscription-based site, but according to new reports, OnlyFans may be getting rid of their risqué content altogether.

Bloomberg released a report this week stating OnlyFans is seeking that coveted billion-dollar valuation, and in order to do so, they may need to make themselves more attractive to advertisers.

Unfortunately for the company, it's reported that they are allegedly struggling to find major advertisers due to their pornographic content. OnlyFans has also become a place where celebrities can connect with fans, for a price, and it's proven lucrative for those with dedicated fanbases who want personalized messages or even brief chats with their favorite artists or sports figures.

It's understood that tens of thousands of people are making money without ever getting naked, yet still, OnlyFans has developed a global reputation as being the go-to spot for adult entertainers. If the company opts to rid itself of sex workers, some suggest that it could do more damage than good.

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About The Author
Since 2019, Erika Marie has worked as a journalist for HotNewHipHop, covering music, film, television, art, fashion, politics, and all things regarding entertainment. With 20 years in the industry under her belt, Erika Marie moved from a writer on the graveyard shift at HNHH to becoming a Features Editor, highlighting long-form content and interviews with some of Hip Hop’s biggest stars. She has had the pleasure of sitting down with artists and personalities like DJ Jazzy Jeff, Salt ’N Pepa, Nick Cannon, Rah Digga, Rakim, Rapsody, Ari Lennox, Jacquees, Roxanne Shante, Yo-Yo, Sean Paul, Raven Symoné, Queen Naija, Ryan Destiny, DreamDoll, DaniLeigh, Sean Kingston, Reginae Carter, Jason Lee, Kamaiyah, Rome Flynn, Zonnique, Fantasia, and Just Blaze—just to name a few. In addition to one-on-one chats with influential public figures, Erika Marie also covers content connected to the culture. She’s attended and covered the BET Awards as well as private listening parties, the Rolling Loud festival, and other events that emphasize established and rising talents. Detroit-born and Long Beach (CA)-raised, Erika Marie has eclectic music taste that often helps direct the interests she focuses on here at HNHH. She finds it necessary to report on cultural conversations with respect and honor those on the mic and the hardworking teams that help get them there. Moreover, as an advocate for women, Erika Marie pays particular attention to the impact of femcees. She sits down with rising rappers for HNHH—like Big Jade, Kali, Rubi Rose, Armani Caesar, Amy Luciani, and Omerettà—to gain their perspectives on a fast-paced industry.