Studio66 & OnlyFans

(17-10-2018 12:26 )God of the Babe Shows Wrote:  

(17-10-2018 10:18 )AD82 Wrote:  ^^^^ Surely they pay the girls 80% of the net amount, after taxes, charges etc

Nope.

You’re wrong

Has the panto season started already?

I don't know, Christmas gets earlier every year..!

(17-10-2018 11:37 )winsaw Wrote:  I was told last night that only 5 girls have said they are leaving over this, we know who 2 are and think we know the 3rd,
I would imagine that 66 are very happy with that , most the girls seam to have fallen in line and bent over so 66 can take them for 30%,

It's way too early to be making this kind of assessment.

I don't think many girls will leave to concentrate on their OnlyFans, because the majority surely prize their TV name as their real moneymaker. I think most will only leave if they get work from Babestation or Xpanded and in Babestation's case especially it may take time before they decide who exactly they want to signup.

Rather than most girls have fallen in line, as suggested above, I imagine the more realistic scenario is that most girls are keeping quiet at the moment and are waiting to see if Babestation call them back or reply to their email. Babestation no doubt need to think things through, so we won't know the true number of leavers just yet.

^ I think he was just passing on what he knows so far, as an update if you will.

(17-10-2018 11:37 )winsaw Wrote:  I was told last night that only 5 girls have said they are leaving over this, we know who 2 are and think we know the 3rd,
I would imagine that 66 are very happy with that , most the girls seam to have fallen in line and bent over so 66 can take them for 30%,

That’s a lot less than I was expecting in regards to how many s66 babes were leaving. Bet they’re also happy Lola Knight has rejoined s66

(17-10-2018 11:29 )goatman222 Wrote:  

(17-10-2018 11:25 )cwpussylover Wrote:  well s66 had CR and GD on board last night, so they at least must not give a stuff??

Clare was great last night cw

she did indeed

coincidence that lola knight is back wonder if this titty tax was so they could pay her wages

(17-10-2018 10:07 )God of the Babe Shows Wrote:  

(17-10-2018 09:58 )Rake Wrote:  

(17-10-2018 09:47 )God of the Babe Shows Wrote:  I'm not sure of the longevity of OF.

After all they seem to either pay out more than their income and run at a loss, or they dont pay the correct amount of VAT to HMRC.

Either way there is trouble ahead.

Can you evidence these allegations? Really interesting stuff.

Not an allegation.

Just basic maths, something does not add up.

They pay the girls 80%.

They pay the Vat man.

They pay the credit card processor.

They pay for hosting etc.

All of that comes to more than 100%

You dont have to be Alan Sugar to see the flaw in the plan.

Boring accountancy/legal info follows:

Without knowing what the terms of service are between OF and the model, here is my take.

The real arrangement is between the model and the end-user. The girl sets the fee and, it appears, OF have no input in this. OF collects the fee on behalf of the model and appears to deduct 20% as a service charge. Since they also appear to promise the model the 80% then the service fee includes any V.A.T. (calculated on the 20% not the 100%) that OF incurs.

From that 20% (less V.A.T) they then settle all their running costs whatever they may be.

^ Plus, they will effectively not even be paying the full 20% VAT on the 20% they charge the girls as they will be able to claim back their own VAT expenses from running the business.

(17-10-2018 18:21 )DB83 Wrote:  Boring accountancy/legal info follows:

Without knowing what the terms of service are between OF and the model, here is my take.

The real arrangement is between the model and the end-user. The girl sets the fee and, it appears, OF have no input in this. OF collects the fee on behalf of the model and appears to deduct 20% as a service charge. Since they also appear to promise the model the 80% then the service fee includes any V.A.T. (calculated on the 20% not the 100%) that OF incurs.

From that 20% (less V.A.T) they then settle all their running costs whatever they may be.

And to add some equally dull techie stuff.

They probably pass on the payment service charge

A low volume/low availability AWS or Azure setup is as cheap as chips and the OF interface is something you can knock up in a couple of days.

Hire yourself an offshore helpdesk to stop the great unwashed bothering your 5 person support team and your away.

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