From PoliticusUSA.com: According to reports, Rick Perry invested as a private citizen in Movie Gallery corporation to the tune of between 5-10k according to his 1995 personal financial reports.
Movie Gallery was, at that time, the largest distributor of porn in America, and able to sell and rent regular videos for much cheaper than the competition due to their heady porn profit.
The ultra conservative American Family Association (AFA), a self-described “Christian organization promoting the biblical ethic of decency in American society begged the government to investigate Movie Gallery.
Rick Perry later passed laws to help companies like Movie Gallery avoid “frivolous” tort suits, after they were sued for allegedly violating the law by illegally distributing porn across state lines. This move was seen by some as a move to protect his investment in Movie Gallery, as he used the very word Movie Gallery used (“frivolous”) regarding the lawsuits they were fighting at the time.