Rightscorp Expands Global Reach With Patent Filings in Europe, China, Israel, Japan, Brazil and India
March 19 2014 - 7:00AM
Rightscorp (OTCQB:RIHT), a leading provider of monetization
services for artists and holders of copyrighted Intellectual
Property (IP), announced that the Company has filed for patents
internationally, including filings in Europe, China, Israel, Japan,
Brazil, and India. Rightscorp's proprietary patent-pending
copyright infringement monitoring software protects copyright
owners against digital loss and the unauthorized online
distribution of content including music, movies, videos, books,
software, and games.
The Company 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, and
top TV shows. Rightscorp currently operates in the U.S., and has
recently announced plans to expand its copyright monetization
services into Canada, a first step into a multi-billion dollar
market for monetizing copyrighted IP globally.
"We continue to advance our proprietary technology for
protecting and monetizing digital assets regardless of where in the
world an infringement occurs," said Christopher Sabec, CEO of
Rightscorp. "Copyright infringement is a serious global problem
causing billions of dollars in lost wages and revenues and we are
looking to tackle this issue on an international level. These new
patent filings not only present us an opportunity to add overseas
protection for our current clients, but also allow us to expand our
business and protect the rights of international artists and
content creators."
According to the Information Technology & Innovation
Foundation, digital theft of music, movies and copyrighted content
takes up huge amounts of Internet bandwidth, approximately 24%
globally, and 17.5% in the U.S. An analysis by the Institute for
Policy Innovation concludes that global music file sharing causes
$12.5 billion in economic losses every year, a loss of 71,060 U.S.
jobs, a loss of $2.7 billion in workers' earnings, a loss of $422
million in tax revenues, $291 million in personal income tax, and
$131 million in lost corporate income and production taxes. With
software piracy, the commercial value of what the software industry
has lost to theft now hovers around $63.4 billion, up from $58.8
billion in 2010 according to the Business Software Alliance
(BSA).
About Rightscorp, Inc.
Rightscorp (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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