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One problem with that authors theory. If you went back to making expensive high quality porn it still would get distributed over the net via tubes/torrents. Now you just spent A LOT of more more to still not make very much.
The fact is quality doesn't mean expensive "professional" looking sets/costumes/make-up scripts with actual plot slick looking boxcovers with big promotion budgets anymore. Maybe back in the old days when guys actually watched porn on the couch or bed with a tape in the VCR and some beer and bottle of Jergins watching porn was an all night activity. Guys mostly watch porn on their computer and more and more often on their phones. Guys want to get off quickly and move on with their day.
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