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Who's making all of the money in the porn industry? | The Global Story

Published 11 November 2026 · world

Every day, tens of thousands of hours of pornographic content are uploaded to the internet. At peak times, 10% of internet traffic is people watching

Every day, tens of thousands of hours of pornographic content are uploaded to the internet. At peak times, 10% of internet traffic is people watching porn. But who is making money from it, and how? Journalist Patricia Nilsson of the Financial Times has spent the past six years absorbed in this industry - chasing down its money men. She speaks with The Global Story’s Tristan Redman about how they’ve changed not just the porn we watch online, but the entire internet. For the latest news download the BBC News app or visit BBC.com/news 0:00 Introduction 0:42 Why Patricia Nielsen started investigating the porn industry 2:42 How Wall Street took control of the porn industry 4:13 The golden age of porn in 1970s and 80s California 6:34 How free online porn changed the industry 7:07 The man who transformed the online porn business 10:13 Why porn industry figures were angry with Fabian Tilmann 11:49 How Wall Street funded the rise of Pornhub 14:41 How affiliate marketing turned online attention into money 17:42 How porn’s business model spread across the internet 19:22 Who took control of Pornhub after Fabian Tilmann? 22:51 The search for Pornhub’s secret owner 27:52 How smartphones and personal data changed online porn 32:07 How OnlyFans changed the porn industry and the internet 35:06 What porn’s business model tells us about AI 36:50 How investigating porn changed Patricia’s view of the internet For the latest news download the BBC News app or visit BBC.com/news #BBCNews

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