OnlyFans Owner Nears $8 Billion Sale with Forest Road

OnlyFans, a London-based adult content platform owned solely by Ukrainian-American Leonid Radvinsky since 2018, is reportedly in talks to be sold for about $8 billion to a group led by Los Angeles investment firm Forest Road Company. The platform, which gained immense popularity during the COVID-19 pandemic and generated $6.6 billion in revenue by the end of 2023, takes a 20% cut from creators who charge subscribers for explicit content. OnlyFans has been attempting to diversify its offerings by attracting creators from mainstream categories like comedy and fitness to broaden its user base. Despite its growth, the platform faces regulatory scrutiny for insufficient measures to prevent underage access and has been linked to allegations of hosting exploitative content, including child sexual exploitation. The sale discussions have been ongoing since at least March 2025, with other potential buyers also expressing interest, and an initial public offering remains a possibility. Forest Road executives have prior involvement with OnlyFans through a special purpose acquisition company that sought to take OnlyFans public in 2022.