Rightscorp Closes More Than 60,000 Cases of Copyright Infringement to Date
March 04 2014 - 7:00AM
Rightscorp (OTCQB:RIHT), the leading provider of monetization
services for artists and holders of copyrighted Intellectual
Property (IP), today announced that it has settled more than 60,000
cases of copyright infringement to date. The Company's monetization
service successfully collected payments from illegal distributors
through notifications sent by their Internet Service Providers
(ISPs) on digital assets including music, films, books, video games
and software.
"To date, this makes Rightscorp the most effective solution for
the multi-billion dollar file-sharing problem," said Christopher
Sabec, CEO of Rightscorp. "This fact demonstrates not only that our
solution is monetizing copyrights for rights holders but is also is
an effective tool in helping ISPs maintain compliance with the
Digital Millennium Copyright Act."
The Company currently represents more than 1,000,000 copyrights
and has partnered with major motion picture studios, numerous
Platinum recording artists and songwriters, Academy Award winning
films, top TV shows and many others.
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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CONTACT: For further investor and media information contact:
Andrew Haag
Managing Partner
IRTH Communications
rightscorp@irthcommunications.com
1-866-976-4784
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