Brands
ASCI to improve social media presence, strengthen monitoring of digital advertising: Rohit Gupta
MUMBAI: The newly appointed Advertising Standards Council of India (ASCI) chairman of the board of governors Rohit Gupta will be putting a strong emphasis on the process of improving the digital advertisements. He made his thoughts known to Indiantelevision.com moments after his appointment was formally announced at the board meeting following the 33rd AGM of the council on Thursday in Mumbai.
“We will be bringing in a very strong process for monitoring digital advertisement as we did for traditional media, as digital today is the fastest growing medium in India,” he said.
Rohit Gupta is the president of Sony Pictures Network India (SPNI) and is also a director at several industry bodies in India like the Indian Broadcasting Foundation (IFB), Broadcast Audience Research Council (BARC), and Media Research Users Council (MRUC).
Gupta also shared that the council is going to continue working towards increasing consumer awareness about the advertising norms. He hailed the government for introducing the Consumer Protection Bill and showed positivity that the brands and endorsers today are being more responsible towards the advertising process.
“I want to continue increasing consumer awareness towards ASCI. Last year, I am proud to say, that the council did a great job in doing that. We saw a 30 per cent rise in the overall complaints filed at ASCI, crossing the 6000 mark. We want to keep building on that,” he mentioned.
Gupta added that for this, he will be putting a strong emphasis on strengthening the social media presence of the council on channels like Facebook, Twitter, and Instagram.
ASCI did a commendable job last year in raising consumer awareness. As highlighted at the board meeting, the council saw a 37 per cent rise in complaints received on its GAMA portal, and a 30 per cent rise in the total complaints received. The council is receiving more than 50 complaints every day on WhatsApp after the rollout of ASCI complaint scroll on TV channels, a handbook issued by it reveals.
After getting the compliance of TV partners, Gupta is now willing to get INS on-board to curb the menace of misleading and fake advertisement. He also wants the brands to monitor their own ads and be responsible for their conduct.
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.
