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Back before it was taken kinda private, Playboy had a market cap of a hundred million and grossed about three hundred million a year. Even if you figure that Penthouse, Hustler, Vivid, and Private all were doing much bigger numbers than those, there is no way porn accounts for that much financial activity.
Even if we were to estimate that there are half a dozen tubes on that level and a couple Manwin properties and some cam companies like AWE, Streamate, and MFC, , and we think they are all doing those sorts of numbers in 2013, that is not a lot of billions.
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