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Speaker 1: Pushkin. I'm Patricia Neilson and I'm Alex Barker. We're journalists

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Speaker 1: for the Financial Times. We write about business, but over

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Speaker 1: the last year we found an amazing financial story in

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Speaker 1: an unexpected place, the porn industry. No one really likes

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Speaker 1: to talk about porn. We're embarrassed to even though most

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Speaker 1: of us have watched it at some point, and there's

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Speaker 1: a contradiction at the heart of it. Porn relies on

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Speaker 1: performers to literally bear it all, yet information about the

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Speaker 1: people and businesses who run the industry is kept like

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Speaker 1: a state secret. I am so exposed, and the people

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Speaker 1: who really own these tube sites get to be reclusive

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Speaker 1: and not publicly held to account. Obviously, it's not a

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Speaker 1: fair that the person who get the least, say, get

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Speaker 1: the most money. That is so unfair. I don't like it.

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Speaker 1: Who are these secret owners? We wanted to follow the

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Speaker 1: money and workout who really controls online porn. It was

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Speaker 1: who's got the largest penis here kind of thing, and

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Speaker 1: they hate each other. So it was all about that

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Speaker 1: people with nefarious backgrounds and companies that are hidden, who

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Speaker 1: are not part of the industry come into the industry.

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Speaker 1: Make a lot of money in the industry. On our mission,

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Speaker 1: we met directors and adult performers, plus people with real power,

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Speaker 1: tech pioneers and Wall Street billionaires. You probably who are

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Speaker 1: a catalyst for one of the biggest takedowns of media

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Speaker 1: content in the history of the Internet. Like when nine

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Speaker 1: million videos ever been taken down overnight? That felt good

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Speaker 1: about it. The survey episodes will be taking you inside

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Speaker 1: the porn industry. So this man who is getting very

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Speaker 1: nervous about us standing around and recording here, he chased

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Speaker 1: me up the stairs and he very politely escorted me

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Speaker 1: off the premises. Do you have regrets on how you

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Speaker 1: handled it? Looking back, For a lot of people, it

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Speaker 1: was it's like being cut down at the knees telling

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Speaker 1: you about the rivalries, the power battles. You can make

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Speaker 1: a choice in business to be friendly competitors or you

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Speaker 1: can be enemies. And I think that that was just

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Speaker 1: the decision that was made between the two of them

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Speaker 1: to be completely antagonistic. We were surprised by what we

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Speaker 1: discovered and by who's really in charge. There is two

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Speaker 1: players on this planet that can kill porn online, and

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Speaker 1: they can literally kill it, and if they decide to ally,

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Speaker 1: it's Dead. This is Hot Money, a show about power

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Speaker 1: and finance, coming June seventh from Pushkin Industries and The

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Speaker 1: Financial Times. Listen Wherever do you