Brands
Confirmtkt becomes the official train ticketing partner of Royal Challengers Bengaluru
Mumbai: ConfirmTkt, an online train-utility and ticketing-focused company, proudly announces its association with Royal Challengers Bengaluru (RCB) as their official ‘Train Ticketing Partner’ for the T20 season of 2024. In a move set to captivate cricket enthusiasts, ConfirmTkt’s brand logo will prominently adorn the trousers of RCB’s official and training jerseys.
This collaboration heralds an exciting phase for both entities, as ConfirmTkt unveils plans to leverage its association with RCB to engage fans through a multifaceted approach. The partnership will see the #TrainTicketKing campaign captivating television commercials (TVCs), dynamic print ads, and compelling digital campaigns featuring popular RCB players. Moreover, ConfirmTkt will introduce thrilling in-app games and contests across various social media platforms, offering RCB fans the chance to win exclusive match tickets and autographed memorabilia from the team.
ixigo Trains & ConfirmTkt CEO Dinesh Kumar Kotha, expressed his enthusiasm, stating, “This collaboration goes beyond the conventional realms of sponsorship; it’s about merging the essence of what makes us uniquely Indian – the love for trains and the passion for cricket. This isn’t just about the game; it’s about building a community that shares the same heartbeat – the love for train journeys, the passion for cricket, and the spirit of Bengaluru.”
Royal Challengers Bengaluru, vice president & head Rajesh Menon said, “We are pleased to partner with ConfirmTkt this season. I am confident that this collaboration will bring out exciting fan engagements for people and make them feel more connected with the brand.”
The T20 league, now entering its 17th season, continues to captivate audiences worldwide, with the previous edition garnering over 50.5 crore television viewers. With this strategic partnership, ConfirmTkt is geared up to offer an enriching experience to all cricket buffs, creating memories that will linger in our hearts long after the last ball is bowled.
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.
