Brands
Hot Wheels creates longest track in Mumbai mall
MUMBAI: Mattel’s Hot Wheels has executed a unique and innovative activity to create a memorable experience for kids from age group of 6 – 10 years. The ‘Make it Epic’ event is currently underway at Phoenix Market City, Kurla in Mumbai.
The main attraction of the event is the tallest and longest Hot Wheels track, measuring 21 feet in height and 110 feet in length with five continuous loops for a thrilling experience.
Hot Wheels has brought to life it’s iconic play pattern of launch, loop and race by creating a larger than life trackset where a child can launch his Hot Wheels car and perform stunts. ‘Make it Epic’ activation which was successfully executed in malls across 4 cities- Mantri Mall (Bangalore), Oberoi Mall (Mumbai), Ambience Mall (Gurgaon) and Pacific Mall (Dehradun).
“Hot Wheels is committed to delivering thrilling vehicle experiences and building a larger than life version of a track set just amplifies the thrill of watching your Hot Wheels car race and perform stunts,” said Mattel marketing head Lokesh Kataria.
Speaking on the association, Phoenix Marketcity Kurla president Rajendra Kelkar said, “Phoenix Marketcity, Kurla is a hub for shopping and entertainment. At the mall we have always encouraged fun activities for children and we are glad to associate with Hot Wheels to build a larger than life version of a track set at the mall. We look forward to hosting many more such events.”
With Children’s Day right around the corner, kids couldn’t have asked for more!
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.
