I've mentioned this before, but I still think softcore needs to make a comeback of some kind. Even if it's just a one-time nostalgia throwback like Tarantino did with Grindhouse. The overhead on these movies are usually low enough that you could probably crowdfund it successfully. There's a reason why Skinemax didn't die out until 2018, with titles still being made as recently as 2016 and 2017. Those movies were so dirt cheap that they were still profitable and weren't shutdown until the AT&T buyout of Warner.
If you market it right and try to do the Fred Olen Ray/Jim Wynorski route of doing it as both a softcore movie and a campy B-movie lark, it'll probably get enough support to make it work.
You can also market it successfully if you play up the "Late 1990's/2000's Nostalgia" angle to it as well since the 90's and 2000's were like a golden age for those types of movies. There's also the fact that 2000's pop culture was a lot more "sexy" and slutty than the 2010's despite all the pretentious rhetoric of Woke Twitter thots and the OnlyFans crowd.
For fuck's sake, you had "Girls Gone Wild" infomercials on mainstream cable TV back then. Joe Francis is a shady bastard and an all-round sick fuck but he knew how to tap into a wider cultural zeitgeist at the time.
@Dom Cruise even mentioned how the wider pop culture of the 2000's had this "dumb, slutty and trashy but still fun" vibe to it and I agree with him on that for the most part. In that same thread, he talked about how a lot of the trashy tabloid culture of the 2000's will end up being looked at fondly in the same way a lot of the campier elements of 80's pop culture are celebrated today.
Hell, if I were writing the script for something like this, I'd just go whole hog and make it a 2000's period piece with everything being a parody of the Reality TV shows at the time or play up the emo and mall goth aspects.