reSee.it Video Transcript AI Summary
Interviewer: Out of all the businesses you guys could buy, why did you guys target buying Pornhub?
Executive: We saw an extraordinary opportunity. The fact that we've made the acquisition should tell you this is a space that has not had mainstream investment. It's a space that's legal—it's legal, and in every Western democracy it's constitutionally protected, and it could not be outlawed even if you wanted to. But it doesn't have that legitimacy. Nobody wants to say they are the owners of a major adult company. They want the benefits of owning a major adult company without being out front and engaging with other tech businesses, government, law enforcement, regulation in the way the modern tech industry has to. We saw in this an arbitrage opportunity where people from mainstream professional networks—law, law enforcement, tech, finance, etc.—could bring this industry into the twenty-first century. We saw an extraordinary opportunity to do that with this jewel of an asset, Pornhub, and the entire company.
Interviewer: I love it. Here are some stats. In 2018 Pornhub alone witnessed a jaw-dropping 5.8 billion hours of content consumption. Our average visit is about ten and a half minutes. They probably got off the computer and left the website on, but there’s a different story there. So that’s nearly 665 centuries of material over a single platform in just one year. Here’s another: the world was flocking to Pornhub in 2018 with 63,992 new visitors per minute. Is that true? 63,992 new visitors per month.
Executive: About does it sound unreasonable?
Interviewer: 33 and a half billion visitors. Insane. The most popular day to visit Pornhub is Sunday. You guys have all these different stats, and you even put up a stat recently on which state consumed the least while the election was going on and who was committed to it. So you’re also involved in the election stuff that’s going on. But at the same time, you’ve got a petition—
Executive: More than 2,200,000 people have signed an online petition to shut down the site.
Interviewer: Why do you think that is?
Executive: The topic of pornography has always been a divisive one. It has to do with sexuality in general. There are always going to be different views about human sexuality, and pornography is emblematic of those. It’s sex for the public. So you’re going to have people with deeply held convictions about the proper place of sex in our society, and that’s a good debate. But you take two and a half million signatures; we have a 130,000,000 daily active users. People have voted with their mice and with their feet in terms of where they’re going. But, of course, it’s going to be a subject of public debate.