How porn videos “gave” $517 million to the owner of OnlyFans | News about the Economy

How porn videos “gave” $517 million to the owner of OnlyFans | News about the Economy
How porn videos “gave” $517 million to the owner of OnlyFans | News about the Economy

More than $500 million in dividends has collected from the end of 2020 until today o Leonid Radvinskyowner of the subscription social media service OnlyFanswhich is known for its pornographic content.

In 2021, the company posted pre-tax profits of $433 million, an amount seven times higher than in 2020. For this period, Radvinsky – as the sole shareholder – received $284 million in dividends, while another 233 million received for the first eight months of 2022. Total $517 million.

Founded in 2016, the London-based company is a online platformwhere users can create content (videos), for which they are paid according to the traffic and them sightings.

Although the content varies and diverges into multiple categories, the service is particularly known for pornographyas many users choose this type of videos in order to attract visitors and make money.

In 2021, i.e. during the height of the pandemic crisis, OnlyFans managed to double up the number of registered users, while increasing the number of creators by at least 1/3.

Today, as a result, the application features 2 million content creators and 130 million userswhile in his next projects Radvinsky included the launch of a new video streaming service ‘OFTV’.

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The article is in Greek

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