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Current gross revenues by some estimates have decreased by more than 50% from what was widely recognized as a peak period for adult entertainment in 2005.
The video production sector, or DVD sales and rentals, in particular has endured the steepest decline since that time due in large part to the proliferation of free porn online and piracy.
LOS ANGELES — In spite of an economic recession, an oversupply of free porn online and rampant piracy, the business of porn continues to impact the global economy on a multi-billion-dollar level, according to the results of a new industry poll conducted by media organization XBIZ.
The majority of industry insiders place annual gross revenues in the billion-plus range worldwide.
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They are specialized in monetizing internet traffic and operate an advertising network that generates daily sales in more than 200 countries.
The results are based on responses from members of XBIZ.net, the adult entertainment industry’s leading social network.
While revenues have declined sharply in some market segments of the industry since the mid-2000s, the demand for adult entertainment remains strong.
Their innovative strategies and technologies position themselves among the world leaders in the sector.
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