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The industry's trouble is of its own creation -- or more specifically, of Scott Coffman's. He's president and CEO of the Adult Entertainment Broadcast Network (AEBN).
In 2006, he launched the adult industry's version of YouTube, called PornoTube, which has become the leading provider of on-demand adult videos online. Users can upload video clips or photos for anyone to see at no cost.
"We launched PornoTube like everyone else, looking for traffic, and it skyrocketed," Coffman said.
But now Coffman has some regrets, admitting he thought the site would encourage users to purchase porn instead of pirate it.
"That was the worst thing I've done since I was in the adult business," he said.
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