SANTA MONICA, Calif.,
Feb. 5, 2014 /PRNewswire/ --
Rightscorp, Inc. (OTCQB: RIHT), a leading provider of monetization
services for artists and other holders of copyrighted Intellectual
Property (IP), announced today that it has crossed the threshold of
representing more than 1 million copyrights including music,
movies, and other digital content.
"The number of copyrights we represent continues to increase
along with our revenues," says Rightscorp CEO, Christopher Sabec. "With the copyrights we
currently have under contract, our Company should see its growth
continue through 2014. Among the copyrights we represent, there are
award-winning films and over 10 tracks in the Billboard Hot 100.
This is validation from the entertainment industry that Rightscorp
is the way forward to protect their digital assets. The
regular payments we are making to rights holders show that our
solution works. As online piracy continues to be a major
issue for the entertainment industry, there is a demand from
artists, filmmakers, and other copyright holders to ensure proper
monetization of their content against infringement. We estimate
this to be a $2.3 billion market
opportunity for our Company."
The Recording Industry Association of America (RIAA) states that
since peer-to-peer (P2P) file-sharing emerged in 1999, music sales
in the U.S. have dropped 53%, from $14.6
billion to $7.0 billion in 2012. According to the RIAA
approximately 30 billion songs were illegally downloaded on
file-sharing networks between 2004 and 2009. A study conducted by
the Motion Picture Association of America (MPAA) based on over
20,000 surveys of consumers conducted in 22 countries, found that
piracy was costing movie studios $6.1
billion a year.
About Rightscorp, Inc.
Rightscorp (OTCQB: RIHT) is a leading provider of monetization
services for artists and holders of copyrighted Intellectual
Property (IP). The Company's patent pending digital loss prevention
technology focuses on the infringement of digital content such as
music, movies, software, and games and ensures that owners and
creators are rightfully paid for their IP. Rightscorp
implements existing laws to solve copyright infringements by
collecting payments from illegal file sharing activities via
notifications sent through Internet Service Providers (ISPs).
The Company's technology identifies copyright infringers, who are
offered a reasonable settlement option when compared to the legal
liability defined in the Digital Millennium Copyrights Act (DMCA).
Based on the fact that 24% of all Internet traffic is used to
distribute copyrighted content without permission or compensation
to the creators, Rightscorp is pursuing an estimated $2.3 billion
opportunity and has monetized major media titles through
relationships with industry leaders.
http://www.rightscorpinc.com/
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For further investor and media information
contact:
Andrew Haag
Managing Partner
IRTH Communications
rightscorp@irthcommunications.com
1-866-976-4784
SOURCE Rightscorp, Inc.