I guess I've really been blind.
Good call. Not that that’s entirely your fault - I’ll be the first to admit that the Wall Street wing hasn’t yet entirely flipped from the GOP to the Dems. But the realignment is in place, and it will become obvious in the coming years how compatible Wall Street is with Hollywood and Silicone Valley, especially as they coalesce within the Democratic Party against their common enemy: Middle America.
"Wall Street" is as willing to make money off intellectual property as it is to make money by taking a cut out of 'classical' industrial production. Industrial manufacturing as a basis of economic growth is over. Manufacturing is now of consumer staples for quick consumption (which obviously applies to foodstuffs), replacement of broken or obsolete stuff, or population growth. The three-car garage is not supplanting the two-car garage in suburbia, and the middle class is not buying aircraft to supplement car travel. Energy is not a growth industry. So what is left? Disney has been a better investment than General Motors for a long time.
But Disney isn't porn. Porn is a business -- but not one I would want to be involved in and nothing that I would want a loved one in. Much of it is a sick fantasy of abuse and exploitation, and is in no way creative. The porn business leaves in its wake a stream of people with wrecked lives who came into it with problems that they could solve with some easy money and came out of with bigger problems and no solutions. That includes drug abuse and suicide.
Maybe the 'creators' of this stuff are unable to relate to what excites me. I'm not going to elaborate. Who knows -- I might get desperate enough and decide to write some erotica. Maybe it is what happens after sex that matters as much as a short-lived orgasm. That's if one wants to keep having sex with the same person, which I consider a healthy objective.
But back to the economics -- intellectual property is more difficult to create and disseminate, but still highly profitable, if it is made for smart people. I look at classical music, and especially opera. The idea was that the music that a recording company offered would be desirable for decades before it went into the public domain, after which few would care. Maybe cinema has taken over the role of classical music because it is more encompassing entertainment, and a feature film sells for less than what a record company used to get for a recent recording of Beethoven's Ninth symphony or any two others. Selling highbrow entertainment implies a highbrow audience, which means an educated audience that has learned more than to be trained machines of meat. Porn appeals to the basest drives in human nature without any humanistic elevation, and it debases its participants.