OnlyFans is exiting the pornography business.
Beginning in October, the website will prevent creators from posting sexually explicit content on its platform, which many sex workers use to sell subscribers explicit content.
But here’s the thing...
They will still be able to post nude photographs and videos as long as they consistently follow OnlyFans' policy, the company announced on Thursday.
So you may still get to keep those subscriptions up and running!
OnlyFans is beginning to see itself as a forum for musicians, fitness instructors, and chefs rather than sex workers.
The changes are needed because of mounting pressure from banking partners and payment providers, according to the company. OnlyFans is trying to raise money from outside investors at a valuation of more than $1 billion.
“In order to ensure the long-term sustainability of our platform, and continue to host an inclusive community of creators and fans, we must evolve our content guidelines,” OnlyFans said. The company is run by its founder, Tim Stokely, and owned by Leonid Radvinsky, an internet entrepreneur.
Only Fans has been praised for making it safer for sex workers to do their job. However, sex work still comes with a stigma.
Last year, Only Fans generated more than $2 billion in sales and is on track to more than double that this year. The company gets 20% of that amount.
OnlyFans stated that it will share more information about their new policy at a later date.