A week after saying it would ban sexually explicit content from its platform starting in October, OnlyFans has backed down from the planned policy change.
What You Need To Know
- A week after saying it would ban sexually explicit content from its platform starting in October, OnlyFans has backed down from the planned policy change
- The company said it had received assurances from its banking partners "that OnlyFans can support all genres of creators"
- CEO Tim Stokely told the Financial Times last week that banks were refusing to work with the company due to “reputational risk,” creating a massive obstacle in paying content creators
- Wednesday’s announcement did little to satisfy many creators, some of whom said they had already migrated to competing platforms
The London-based company said in a tweet Wednesday: “Thank you to everyone for making your voices heard. We have secured assurances necessary to support our diverse creator community and have suspended the planned October 1 policy change. OnlyFans stands for inclusion and we will continue to provide a home for all creators.”
OnlyFans said last week that it intended to prohibit its creators from posting content with sexually explicit conduct. Nude images that were consistent with the company’s policy still would have been allowed.
CEO Tim Stokely told the Financial Times last week that banks were refusing to work with the company due to “reputational risk,” creating a massive obstacle in paying content creators. OnlyFans also is trying to raise money from outside investors at a valuation of more than $1 billion, Bloomberg reported.
In a statement provided to Spectrum News, OnlyFans said, "The proposed October 1, 2021 changes are no longer required due to banking partners' assurances that OnlyFans can support all genres of creators."
The social media platform, which launched in 2016, allows creators to sell subscriptions for content such as photos and videos. While it’s also used by musicians, fitness instructors, chefs and others, it quickly became popular, too, among sex workers, who were upset about last week’s announcement.
Wednesday’s announcement did little to satisfy many creators, some of whom said they had already migrated to competing platforms.
One creator, who goes by the name HexxGirl, said on Twitter that she lost 500 subscribers since last week’s announcement that OnlyFans was banning sexually explicit content.
“This is my only source of income and your indecisiveness and poor communication has made models and subscribers scramble and caused chaos,” she wrote. “Give us a temporary fee reduction to help us if you are actually sorry.”
“Do you honestly think that this is going to bring everyone back? Bc you're wrong,” commented another creator, Seraphina Lane. “If you are thinking about returning to OF, think hard about that. They took our hard work, built their notoriety, and then threw us to the curb. No ty.”
Some said they were skeptical that OnlyFans would keep its word now.
But some applauded the policy reversal.
“Cheers, thanks for finding another way,” Jake Andrich, another content creator, wrote on Twitter.
Ryan Chatelain - Digital Media Producer
Ryan Chatelain is a national news digital content producer for Spectrum News and is based in New York City. He has previously covered both news and sports for WFAN Sports Radio, CBS New York, Newsday, amNewYork and The Courier in his home state of Louisiana.