OnlyFans’ policy switch is the latest victory in Big Banking’s war on sex

OnlyFans, the platform that allows creators to sell material directly to customers, will soon implement new restrictions on the publication of adult content. Starting in October, the company will ban the sale of sexually explicit content and depictions of sexual acts. The move does not cover all nudity, but says that specific rules will be outlined in an as-yet unpublished acceptable use policy. In a statement, OnlyFans said that the changes were prompted by “requests” made by its “banking partners and payout providers.” In short, the company’s arm has been twisted by the same big banks that have waged war on online sex work for years.Big BusinessThe business can certainly attribute much of its success to enabling sex work and helping sex workers to get paid. Over the last two years, OnlyFans has grown from relative obscurity into a brand that is synonymous with adult content. Earlier this year, it boasted that its creators had earned more than $3 billion, and the platform was name-checked in a Beyoncé remix. It’s believed that the company, which had around 7 million users in 2019, has seen that figure reach closer to 130 million in recent months. And, on June 16th, Bloomberg reported that the site was looking to attract investors in order to raise more funding at a valuation of more than $1 billion.here's OF full statement. nice of them to throw the transparency report in there. here's that too: https://t.co/xfFrfmX4Wppic.twitter.com/8WqjSGjLUk— Samantha Cole... Continue reading at 'Engadget'

[ Engadget | 2021-08-20 17:40:41 UTC ]
News tagged with: #$3 million #$3 billion #$1 billion

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Amazon.com and 'Big Five' publishers accused of ebook price-fixing

Class action lawsuit filed in US claims the houses have colluded with the online giant to keep prices artificially highAmazon.com and the “Big Five” publishers – Penguin Random House, Hachette, HarperCollins, Macmillan and Simon & Schuster – have been accused of colluding to fix ebook... Continue reading at The Guardian

[ The Guardian | 2021-01-15 13:04:33 UTC ]
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Book Biz Saw Little M&A in 2020, with Some Big Exceptions

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[ Publishers Weekly | 2021-01-15 05:00:00 UTC ]
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Lloyd extends First World War histories for Viking

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[ The Bookseller | 2021-01-13 09:20:33 UTC ]
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China Bestsellers: November’s Big Sales Rule the Charts

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[ Publishing Perspectives | 2021-01-05 17:22:03 UTC ]
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World War II’s less-famous fascist

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[ The Washington Post | 2020-12-31 17:28:51 UTC ]
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Bloomsbury mounts big campaign for Such a Fun Age paperback

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John le Carré, Best-Selling Author of Cold War Thrillers, Dies at 89

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[ The New York Times | 2020-12-14 16:04:51 UTC ]
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Bad Sex award cancelled to spare people from more bad things

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[ The Bookseller | 2020-12-07 20:14:15 UTC ]
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Commentary: The latest publishing mega-merger might kill off small presses — and literary diversity

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[ Los Angeles Times | 2020-12-04 19:25:12 UTC ]
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Allegheny County Jail has reversed its policy banning book delivery to its incarcerated population.

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[ Literrary Hub | 2020-12-03 17:31:58 UTC ]
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Calibre Audiobook Charity Joins the UK’s Big Give Holiday Challenge

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[ Publishing Perspectives | 2020-12-02 20:32:53 UTC ]
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Two Roads unveils Hogan's latest novel, based on famous clairvoyant

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[ The Bookseller | 2020-12-02 16:42:42 UTC ]
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[ The Washington Post | 2020-12-02 14:00:00 UTC ]
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One of Europe’s Great Libraries Didn’t Stand a Chance… In Either of the World Wars

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[ Literrary Hub | 2020-12-02 09:48:49 UTC ]
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[ The Bookseller | 2020-11-27 03:10:18 UTC ]
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Audible bows to pressure and changes returns policy

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Authors Guild demands changes to Audible's returns policy

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BuzzFeed to buy HuffPost from Verizon in latest digital media deal

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BuzzFeed agrees to buy HuffPost in latest online media merger

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[ The Guardian | 2020-11-19 18:56:11 UTC ]
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