WHEN THEY DECIDED to take on age verification in their latest season, Industry cocreators Konrad Kay and Mickey Down didn’t expect to wander straight into a political minefield. It probably felt, at first, like one more sharp storyline—edgy, timely, a little dangerous in the way good TV often is. But sometimes a writers’ room accidentally opens a door to something bigger. And once it’s open, there’s no quietly closing it again.
“It was in the ether of British politics, but it wasn’t front and center when we started writing the scripts or shooting it, and then it really flared up as a kind of front-page-of-BBC topic of conversation,” Kay says.
Season 4 of HBO’s sexy, darkly funny financial drama—premiering Sunday—pushes Industry even further beyond the blood-slick trading floors that first defined it. This time, the story spills into tech, porn, age verification, and the uncomfortable politics sitting between them. Early in the season, tensions rise inside Tender, a fintech firm fresh off its IPO, as executives debate whether to keep processing payments for Siren, an adult platform in the OnlyFans mold. Siren—and other porn and gambling businesses—account for a sizable slice of Tender’s revenue. But looming threats of new age-verification laws and a rising tide of anti-porn rhetoric from the UK’s Labour Party have some leaders wondering if reputational cleanup might be more profitable than cashing controversial checks. It’s boardroom fear dressed up as moral clarity, the kind that tends to surface right before regulators do.
In the real world, the UK’s Online Safety Act—requiring age verification to access porn and other restricted content—didn’t take effect until July 2025, long after Kay and Down had mapped out this season’s arc. Still, the parallels are hard to ignore. Platforms like Pornhub saw UK traffic plunge by nearly 80 percent after the rules kicked in, and similar pressures are mounting in the U.S., where roughly half of all states now enforce some form of age-verification law. Even Capitol Hill is circling the issue: in December alone, lawmakers considered 19 bills aimed at protecting minors online. Critics, meanwhile, argue that several of those proposals stray into unconstitutional territory. It’s messy, unresolved, and very much still unfolding.
“It’s kind of shown how fragile free speech absolutism is,” says Down, pointing to the “wildly different” reactions the issue has provoked—from puritan instincts cropping up in liberal circles to a more blunt, censor-first “shut everything down” posture on the conservative side. And that tension, hanging in the air, feels like the real cliffhanger. Not who wins the argument—but what gets lost while everyone’s busy shouting.
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