Brands
BTVi pledges #MissionNoEmission for greener environment
MUMBAI: On World Environment Day, Business Television India is propagating the pledge of #MissionNoEmission towards India becoming a pollution free country.
Through this campaign, the channel is working towards building a greener and cleaner environment. Starting today June 5, the first six episodes focused on the ‘Grow Green’ theme are getting unveiled.
In the first episode of the series starting today, the channel along with prominent corporates and government authorities will discuss electric/hybrid vehicles in India, the mission of All Electric Vehicles by 2030, the need for infrastructure and manufacturing of electrical vehicles in India.
In the subsequent episodes, the channel will cover topics like Make in India – an initiative by the government for electrical vehicles, government policy for zero emission and policies to reduce carbon footprints, government’s role to boost solar and wind energy in India, initiatives to bring investors to build solar energy parks in the country and the policies for renewable energy and manufacturing of electrical vehicles. The series will also feature prominent auto ancillaries on their preparedness to take on Indian government’s 2030 vision.
On this initiative taken by BTVi, Siddharth Zarabi, Executive Editor, BTVi, said “This initiative engages relevant and key opinion makers to plan and strategize for making India more green and clean. The series will emphasize on the government’s role to boost green environment, sustainable energy and steps taken by corporates to encourage pollution free environment. We are proud to present the #MissionNoEmission initiative.
Tune into BTVi on June 5 to catch the conversation to build a greener India at 7:30pm.
Brands
UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
