Originally Posted by Libertine

How much they are able to spend isn't particularly important.

You shouldn't compare these future tube sites to existing studios. Rather, you should compare them to large adult video shops, where virtually every customer is able to find tons of videos of his liking.

Having tens of thousands of well-tagged non-exclusive scenes means most surfers will be able to find what they want ("black lesbians asslicking in threesomes"), meaning they will come back. Producing all of those yourself would cost both huge amounts of time and huge amounts of money, both of which are better spent elsewhere.

For most of that content, having exclusive licenses with exclusively contracted models simply wouldn't bring in significant benefits.

Only the models who could function as an actual independent product line would get exclusive contracts.

Keep in mind, no matter what the content budget is, using a relatively small portion of the budget on non-exclusive content provides a very large amount of value in terms of quantity and variety.