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Subscription-based creator network OnlyFans has revoked its ban on pornographic content that was set to go into effect on October 1.
Subscription-based creator network OnlyFans has revoked its ban on pornographic content that was set to go into effect on October 1 amid massive backlash from creators, subscribers and sex workers at large.
"The proposed October 1, 2021 changes are no longer required due to banking partners' assurances that OnlyFans can support all genres of creators," OnlyFans said in a statement provided to Entrepreneur.
The original changes were announced last Thursday and stated that sexually explicit conduct would no longer be permitted on the site per requests and pressure from banking partners and payout providers.
"In order to ensure the long-term sustainability of the platform, and to continue to host an inclusive community of creators and fans, we must evolve our content guidelines," OnlyFans told Entrepreneur at the time.
The announcemnt was met with outrage from hundreds of adult-content creators on the platform.
"You took the easy way out. You've deprived millions of sex workers of their sole income," creator Lenina Crowe wrote on Twitter to OnlyFans. "You could have implemented better moderation, but instead, you've totally fucked us over with barely any time to plan for the future."
"You never once acknowledged we even existed. You've been trying to distance yourself from us," said another creator. "You don't support us. Those changes don't help us if we can't do our jobs on there. You took out money & then left us."
OnlyFans also posted a note to Twitter announcing the switchback in policy.
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.
Thank you to everyone for making your voices heard," the company wrote. "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."
The company also said that it would be emailing its creator network about the changes "shortly."
It has not been made clear whether or not the suspension of the pornographic ban will be permanent or if it is a temporary decision.
"The platform has no further comment beyond this at this time," OnlyFans told Entrepreneur .
In an interview with the Financial Times , OnlyFans CEO Tim Stokley blamed big banks as the main reason for the ban.
"The change in policy, we had no choice — the short answer is banks," he told the publication. "This decision was made to safeguard [creators'] funds and subscriptions from increasingly unfair actions by banks and media companies — we obviously do not want to lose our most loyal creators."
The company currently hosts over 2 million creators who have generated an estimated $5 billion in revenue since the company launched in 2016.
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‘It is Wall Street porn’: Why Wall Street can’t stop talking about its favorite show
Damian Lewis plays Bobby "Axe" Axelrod, the high-flying hedge-fund manager in “Billions.” (Jeff Neumann/Showtime)
Paul Giamatti plays Chuck Rhoades, the attorney general who at times makes it easy to root for the hedge-fund titans. (Jeff Neumann/Showtime)
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NEW YORK — The hedge-fund industry is a secretive world led by tight-lipped titans who make more than $1 billion a year. It shouldn’t enjoy having its quirky habits probed on television.
But that appears to be what is happening. On Showtime’s “Billions,” two larger-than-life adversaries, U.S. Attorney Chuck Rhoades and billionaire hedge-fund manager Bobby “Axe” Axelrod, battle for supremacy. Wall Street insiders say they are watching closely.
Hire a psychiatrist to pump up traders suffering through a slump? Check. Wager millions of dollars based on satellite images of a manufacturing plant in China? Check. Rewarded with multimillion-dollar bonuses for a good year? Check.
“They are really trying to get it right, whether it’s running dialogue by me or other people,” said James Chanos, one of the veteran Wall Street insiders on whom the show’s creators have come to depend. Chanos has made billions betting on when a company, most famously Enron, would see its stock price plummet, a practice known in the industry as short selling. After decades in the business, he has seen nearly everything.
“That being said, [the show] is fiction,” he said. “It is Wall Street porn, okay, soft porn . . . which makes it fun.
“I joke that the writers should come by my offices. There aren’t Abercrombie models in the latest fashions” walking around, Chanos said. “They would see schlubs with half-eaten Chinese food on their desks. Sadly, the reality is not as romantic as portrayed.”
The creators of “Billions,” Brian Koppelman and David Levien, who also co-wrote 1998’s “Rounders,” have made friends across the hedge-fund industry and among the federal prosecutors keeping an eye on them. (Preet Bharara, the former U.S. attorney for the Southern District of New York, has met with Koppelman and Levien and stopped by when the show was taping near his offices. ) The third co-creator is New York Times reporter and financial columnist Andrew Ross Sorkin, author of “Too Big to Fail.”
“What we’re trying to get right is the spirit and mood” of the industry, Koppelman said. “We absolutely hear back that we get that part right and that part wrong.”
One pivotal scene this season comes as Axelrod assembles his team to consider whether to force a small New York town into bankruptcy to recoup a $500 million investment. To help plan out the debate, Koppelman and Levien tapped Barbara Morgan, a veteran of New York politics. Morgan leaned on her experience working with Puerto Rico, which has been facing off against Wall Street titans over its debts in recent years, to help keep the fictional debate realistic.
“They developed the story arc,” Morgan said. “Then I came in to help on the granular level. How would a fund do this? What would austerity look like? What would be the impact of those measures?”
Koppelman and Levien are following the footsteps of Hollywood greats who have attempted to capture Wall Street’s underbelly. In Oliver Stone’s “Wall Street,” Gordon Gekko schemed to take over a company and raid its pension plan. “The Big Short” explained how a few people spotted the housing disaster and made billions from it.
In “Billions,” the worst assumptions about the hedge-fund industry are brought to the screen. Axelrod, played by Damian Lewis, once delayed medical treatment for one of his employees to gain an advantage against Rhoades, played by Paul Giamatti. Rhoades repeatedly crossed the line in his pursuit of Axelrod. Yet, the show’s fans cheer for both.
“David and I are in search of these answers,” Koppelman said. “Why do we as a culture celebrate these flawed people in the way we do?”
One comparison Koppelman and Levien are struggling to kill is that the show is based on a showdown between two real-world figures: Bharara and hedge-fund billionaire Steven Cohen. Bharara (like Rhoades) was an ambitious and aggressive prosecutor who brought headline-grabbing cases against hedge-fund giants. Cohen, like Axelrod, has spent years being investigated by federal prosecutors on accusations of insider trading. Cohen has never been charged.
The comparison rankles Levien and Koppelman.
“The character is not based on Preet. Preet is a very good man. We really don’t think the character is Preet,” Koppelman said. “It’s a fictional show.”
Not everyone is convinced. When Bharara was fired by President Trump this year, some of the shows fans were unnerved. One said on Twitter that watching the show was “weird now.”
Bharara responded, “Well, for some people, it’s always been weird.”
Bharara has a standing offer to join the show as a consultant, Koppelman and Levien say. “We haven’t heard from him,” Levien said.
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Published May 23, 2017 11:41am EDT

By
Chris Ciaccia , | Fox News
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Paige Jennings, the former porn star known as Veronica Vain, is working her way towards becoming a YouTube star. Credit: Paige Jennings.
It’s not every day that someone leaves a dream job on Wall Street for a career in the adult film industry. And it’s not every day that someone decides to leave the adult film industry and try their hand at becoming a gamer gal.
“I did the whole finding myself thing in my early 20s in a very public way,” Jennings, 26, said in an interview with Fox News. “I really thought porn would be my thing, but it wasn’t a world of fun, openness and sexuality -- it has its own rules and there were a lot of pros and cons I didn’t like.”
Jennings, who shot to the public eye after leaving asset management firm Lazard, becoming Veronica Vain, her porn starlet alter ego, insists who she was on camera isn’t who she is off camera.
“I didn’t want to be Veronica Vain,” Jennings, now a resident of Texas after a brief stint in Hawaii, added. “That wasn’t fully representative of me. I came in with this edgy act, this Wall Street porn star and that’s not me -- I’m a very low maintenance kind of girl.”
Jennings is now trying her hand at becoming a YouTube celebrity and focusing on playing video games in an industry known as e-sports, which has become a near billion-dollar industry over the past few years.
According to research firm NewZoo , the e-sports industry is expected to have $696 million in revenues in 2017, reaching $1.22 billion by 2020 for a yearly growth-rate above 35 percent.
Big video game companies, such as Nintendo, EA and others are cashing in on the trend. In 2014, tech giant Amazon bought Twitch, a video-game streaming site for $970 million in cash. At the time, it had more than 55 million users who watch others play video games or post live streams of themselves with others watching, sometimes for hours on end.
For now, Jennings is focusing on her YouTube channel , aptly-named RedHead Redemption, as she distances herself from her past. Jennings said she has grown the channel organically to more than 18,000 subscribers, connecting with her fans, posting videos of all varieties, be it about her life in the adult film world, dating advice or whimsical takes on current events.
What follows below is a Q&A with Jennings. It has been edited for brevity and clarity.
Fox News: What made you leave the porn industry?
Jennings: There’s a big part of me that likes porn, but it’s a business. They don’t fit into a box and neither do I. Everything is a job and you have to find the one that has pros and cons you can live with. I didn’t want to be Veronica Vain since it wasn’t fully representative of me. If you’re a country singer trying to be a rapper, you wouldn’t feel comfortable. I came off as this overly strong person and it wasn’t me.
On top of that, I need to work at the politics in that industry, which I wasn’t good at. It was a combination of not wanting to be this brand and the income streams and workflow of being a porn star was boring to me. I didn’t feel like I fit in.
Fox News: There’s always this populous that feels that pornography is degrading to women, that it puts them in a negative light. What do you say to that?
Jennings: There is a general trend in porn that there are these graphic sex scenes. But I think there’s a huge misconception that it makes women look bad or that they don’t like that.
Women are searching for more aggressive forms of porn when you look at the analytics. Women, including myself, are looking at it as a fantasy. We are more into situations and there’s something a bit more intense about all of it.
There are two groups of women -- women who watch and women who don’t. The ones who do, they are more into the aggressive nature of it. It’s more of a fantasy to a lot of girls, not something where they actually want to be treated like that.
Fox News: After leaving porn, why did you pick trying to be a YouTube celebrity and video games?
Jennings: When I left Wall Street, I was about to brand myself as a porn star and there aren’t a lot of ways to come back from that. I took the gamble to see if it worked but it didn’t inspire me. Then I left and was faced with a reality of, ‘What do I do now?’ Sure I could get a job being a trader or something like that, but what do you do when you have a base of people who know you are and you’re public. How do you leverage that?
The YouTube initiative came from leveraging the old audience into something that suited me better. I’ve always been a huge nerd and I’ve always played video games, whether it was in porn or on Wall Street.
I like being in front of the camera and since I didn’t have much else going on, I started a YouTube channel. It’s grown steadily and it’s something I’m passionate about.
Fox News: You’ve been out of porn for about a year or so. What’s been the easiest part of the transition? The hardest?
Jennings: It’s been easy in the sense in that I’m doing something that I’m not. It’s been easy to just be myself.
The hard things is I used to make more money (laughs). I thought it was going to be a lot easier to convert my audience into getting on board my channel, but it’s been hard to get people to come over to watch YouTube. I have roughly 130,000 followers on Instagram, around 100,000 on Twitter and 18,500 on YouTube. It’s a whole different animal, transitioning to building this from scratch.
Fox News: Are there any similarities to what you’re doing now versus what you were doing at Lazard? Any chance of a return to Wall Street?
Jennings: At Lazard, it was pure analytics and building a database. YouTube is basically like a start-up in that you’re building a mini company. You have customer service (engagement), analytics, understanding what your customer base does and doesn’t like. It’s more than just going in front of a camera and editing.
I feel like I have a mini-business that I don’t need venture capital funding for -- I just need a good idea. There’s something very cool about being a one-woman startup (laughs).
I don’t think I would go back to Wall Street and be an analyst. Down the line, my long-term goal is to get involved in venture capital and start-ups, building and creating something is something I’ve always been very attracted to.
On Wall Street, it’s less about value creation and more about value manipulation -- hopefully, YouTube will open more doors down the line and validate me.
Fox News: E-gaming has become this incredibly popular thing, rising out of obscurity from a few years ago to this mega industry. How’s it helped you personally?
Jennings: It’s weirdly strange how deep people are into this. I’ll stream for 4 or 5 hours and I have people the entire time watching it. There’s a huge opportunity there. The fact that it exists, having an audience, it’s tremendously helpful.
Fox News: Do you have any plans to the return to the porn business?
Jennings: YouTube is definitely my priority, so I want to make that clear. But if I ever went back to porn, it would be with a business idea I had pursued originally. I put a lot of effort into this idea. What I learned is that if you’re unproven, you don’t have your own money and you’re a female, it’s hard to get it off the ground.
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