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I've watched the industry evolve from the days of 5mm films that took skills to shoot to today.
The best days were pre tubes and TGPs. The days when some companies made huge fortunes from mostly one country. Via video, magazines, cable TV, hotels, phone lines and early online. Multiply that by company and country to see the money made.
All online did was receive the exodus of offline buyers into online buyers. The extra traffic numbers were only traffic numbers, there was no new business from people who would not buy offline porn. If there was no exodus why did offline shrink so much? In fact the opposite was happening. Even with TGPs consumers who enjoyed magazines, were now not buying them and getting off for free to the daily supply of TGPs.
Today those who got off to DVDs or paysites get off to tubes. Negating any rise in new traffic. What does Mindgeek do?
But there is still lots of money in porn, just not as much as there use to be.
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