"Eisman is joining a financial juggernaut. The global sex-adjacent industry is booming. OnlyFans is a content-licensing-and-payments business that throws off enormous cash, has 4 million creators and 377 million users on its books."
"OnlyFans is in advanced talks to sell a minority stake in a deal that values the company at more than $3 billion. The implications of hyperrealistic AI and the corresponding legal risks from deepfakes are significant."
David Eisman, a partner at Skadden, is leaving his position to become general counsel at OnlyFans after two decades at the firm. OnlyFans is experiencing significant growth, with 4 million creators and 377 million users. The company is in talks to sell a minority stake, valuing it at over $3 billion. The global sex-adjacent industry is thriving, encompassing a $100 billion porn sector and emerging virtual companionship markets, alongside legal challenges posed by AI and deepfakes.
Read at Above the Law
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