UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): November 11, 2014
RIGHTSCORP,
INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
000-55097 |
|
33-1219445 |
(State or other
jurisdiction |
|
(Commission |
|
(I.R.S. Employer |
of incorporation) |
|
File Number) |
|
Identification
Number) |
3100
Donald Douglas Loop North
Santa
Monica, CA 90405
(Address
of principal executive offices) (zip code)
310-751-7510
(Registrant’s
telephone number, including area code)
Copies
to:
Gregory
Sichenzia, Esq.
Jeff
Cahlon, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway
New
York, New York 10006
Phone:
(212) 930-9700
Fax:
(212) 930-9725
(Former
address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
8.01 Other Events.
On
November 11, 2014, Rightscorp, Inc. issued a press release, a copy of which is attached as Exhibit 99.1 hereto.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
99.1
Press Release
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
RIGHTSCORP,
INC. |
|
|
|
Dated:
November 24, 2014 |
By: |
/s/ Christopher
Sabec |
|
Name: |
Christopher
Sabec |
|
Title: |
Chief Executive
Officer |
Exhibit
99.1
Rightscorp
Reports Growth On Operational Metrics
Company
sees strong increases in copyrights ingested into system, total cases closed, and participating ISPs
Santa Monica,
Calif. - November 11, 2014 – Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and holders
of copyrighted Intellectual Property (IP), announced today that it has increased growth in each of its key operating metrics,
factors which directly impacts the Company’s future growth. The Company reported that to date it has closed over 130,000
cases of copyright infringement, up from 100,000 in September 2014, representing a 30% increase. ISP participation increased from
140 to over 150, representing a growth of over 6% since previously releasing figures in July 2014. Rightscorp also increased the
number of copyrights ingested into its proprietary copyright monetization system from 80,000 to over 160,000, representing a 100%
increase from last reporting.
Christopher
Sabec, CEO of Rightscorp, said, “Our future growth is driven by increasing key internal operational metrics; the number
of copyrights we ingest into our system and the number of participating ISPs help us close more cases of copyright infringement.
These key metrics impact our future performance and financial results allowing us to better represent our clients and the industry.
The lead time on the impact to our financials can vary based on several other variables. We recently announced an injection of
capital and, as a direct result, have been able to invest further in the business to help us recognize the impact of these operational
metrics. We continue to strive to achieve improving results as we actively execute on our strategy.”
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, authors, and many other rights holders. Rightscorp has already received settlements
from subscribers of more than 150 ISPs and closed over 130,000+ 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/
Safe
Harbor Statement
This press
release may include forward-looking statements. All statements other than statements of historical fact included in this press
release, including, without limitation, statements regarding the Company’s anticipated financial position, business strategy
and plans and objectives of management of the Company for future operations, are forward-looking statements. When used in this
press release, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,”
and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking
statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently
available to the Company’s management. Actual results could differ materially from those contemplated by the forward-looking
statements as a result of certain factors not limited to, general economic and business conditions, competitive factors, changes
in business strategy or development plans, the ability to attract and retain qualified personnel, and changes in legal and regulatory
requirements. Such forward-looking statements reflect the current views of the Company with respect to future events and are subject
to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and
liquidity of the Company. All subsequent written and oral forward-looking statements attributable to the Company or persons acting
on its behalf are expressly qualified in their entirety by this paragraph.
For
further investor and media information contact: |
|
Andrew Haag |
Managing Partner |
IRTH Communications |
rightscorp@irthcommunications.com |
1-866-976-4784 |
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