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BookMyShow introduces ‘Activities’ section
MUMBAI: With the aim to enhance entertainment options for its users, BookMyShow recently added ‘Activities’ section across its platforms. The section allows the users to browse through options around food and drinks, nightlife, amusement parks, adventure, gaming, and unique tours.
‘Activities’ encompasses options ranging from Sunday brunches, food festivals, karaoke nights, ladies nights, and Bollywood nights to theme parks, water parks & resorts, snow parks, and gaming zones along with offering information and tickets for out of city options like camping, trekking, paragliding, scuba diving, helicopter rides, and hot air ballooning amongst others. The category also covers popular vacation spots like water sports activities in Goa, heritage tours, Kathakali dance shows in Kochi, and many more.
The new option will be active across the country in cities like Mumbai, Delhi NCR, Bengaluru, Hyderabad, Pune, Chennai, Kolkata, Ahmedabad, Indore, Chandigarh, Jaipur, Goa, Kochi, Vizag, Lucknow, and many more.
BookMyShow COO-non-movies Albert Almeida said, “Activities is an addition to our already wide-range of out-of-home entertainment options available on BookMyShow. It will offer users a wide variety of experiential activities and events in their city to choose from.”
He further added, “By giving our large community of users many more options to choose from, we aim to fill a need-gap that exists and provide the convenience of booking across a slew of activities. We are confident that the consumption for this category will see an upsurge and further re-enforce our proposition of being a go-to for all forms of out-of-home entertainment.”
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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.
