Talk about disintermediation.
The new edition of Portfolio, Conde Nast's recent, retro entry into the business magazine market, tells us the conventional porn industry is, well, slowing down. Maturing may be the wrong word, but it looks like the industry, according to Claire Hoffman's piece (helpfully suggested by my friends at Newser), has hit middle age, faced with plummeting DVD sales, as alternatives proliferate.
The culprit: DIY porn, or what we in and around the Internet industry would call user-generated content. That's right. Why pay for professional content -- high-branded journalistic content or low-branded porn -- if you can get it for free? Why let mainstream media or mainstream pornographers dictate what we see, when so many of our fellow citizens are willing to blog or shag for free? It's the ultimate democracy of the web, though I'm not sure how Google's Page Rank is going to adjust its algorithms on UGC porn. (Is that one of those Google use-20-percent-of-your-own-time-for-what-you-want-projects?)
Here's how Portfolio describes the YouPorn challenge to Old Porn site, Vivid:
YouPorn lets users upload and watch a virtually unlimited selection of hardcore sex videos for free. The user-generated clips on YouPorn—like those on YouTube, the site it mimics—range from the grainiest amateur footage to the slickest professional product. Also, like YouTube, the site has far more traffic than income. Just nine months after going live, in September 2006, YouPorn was on pace to log about 15 million unique visitors in May, Jones told the Vivid executives, and its audience was growing at a rate of 37.5 percent a month. Today, YouPorn is the No. 1 adult site in the world; Vivid.com, a pay site, is ranked 5,061.According to Alexa, a website-ranking company, YouPorn’s overall rank is higher than CNN.com (84), About.com (114), and Weather.com (195). (Those numbers are averages for the three-month period from mid-June to mid-September.)
Sounds familiar, doesn't it, to observers of news media. It's hard to compete with free, and the established porn industry -- built on DVD sales -- can't fathom a "free content" that only be meagerly monetized right now, with advertising. So the Portfolio piece captures this well, as industry leader Vivid considers buying YouPorn, not knowing whether it could really be the YouTube of online porn, or just another site among its multiplying competitors, all colorfully named, like PornoTube and Megarotic.
Besides the humor here, there's great irony that Porn, often seen as the pay-model pioneer in the wider "content" arena, is already seeing its basic business model compromised by the combination of user-in-control content and the Internet ad revolution. Welcome to the club.

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