SANTA MONICA, Calif.,
July 31, 2014 /PRNewswire/
-- Rightscorp (OTCQB: RIHT), the leading provider of
monetization services for artists and holders of copyrighted
Intellectual Property (IP), today reported a significant increase
in the number of titles it represents on the Billboard Charts,
including a recent #1 song on the Billboard Hot 100. This increase
is due to new contracts recently signed with top recording studios
to expand Rightscorp's music portfolio.
With respect to other songs on the popularity charts, Rightscorp
is currently monitoring 12 songs on the Billboard Top 40, 20 songs
on the Billboard Hot 100, 39 songs on albums on the Billboard Top
200 and 18 songs on the iTunes Top 100 singles.
"Representing and monetizing a #1 song on Billboard's Hot 100
along with our increase in songs on other top charts is a huge
success for the Company," said Christopher Sabec, CEO of
Rightscorp. "We are being approached by the music industry to
protect against copyright infringement of songs that are in high
demand and currently popular. The positive reception from industry
decision makers is a testament to our successful business model and
our emergence as an industry standard in preserving the artistry
and authenticity of music. We believe Rightscorp is the way forward
for the industry's copyright infringement problem."
Digital theft of music, movies and copyrighted content accounts
for over $2.7 billion in lost
workers' earnings per year. In addition, since 1999, music industry
sales in the U.S. have dropped 53% from $14.6 billion to $7.0 billion in 2013. The music
industry faces many hurdles but with Rightscorp's loss prevention
technology combined with the implementation of existing Federal
copyright protection laws, Rightscorp's clients can receive
protection on their Intellectual Property (IP) and be rewarded
their fair share.
The Company represents more than 1.5 million copyrights and has
partnered with major motion picture studios, numerous Platinum
recording artists, Academy Award-winning films, top TV shows and
many others. Rightscorp has already received settlements from
subscribers of more than 140 ISPs and closed over 75,000 cases of
copyright infringement to date.
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,
books 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 22% 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.rightscorp.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.