SANTA MONICA, Calif.,
Feb. 20, 2014 /PRNewswire/
-- Rightscorp (OTCQB: RIHT), the leading provider of
monetization services for artists and holders of copyrighted
Intellectual Property (IP), today announced that it has increased
the rate that it can ingest copyrights into its monetization system
by 400% in January 2014, compared to
the rate for the prior quarter. This directly impacts the Company's
growth potential as it permits a greater number of copyrights to be
added to Rightscorp's monetization system every month.
Rightscorp recently announced that it had crossed the threshold
of having authorization to monetize over 1 million copyrights on
behalf of its clients. In hitting this milestone, the Company
continues to invest in increasing its growth metrics, including
accelerating the process by which it adds or ingests content into
its system.
"The additional equity investment we received through our going
public transaction enabled the Company to further automate our
processes for ingesting copyrights," comments Rightscorp CEO,
Christopher Sabec. "This directly
enhances potential for continued revenue growth as we have
increased the number of new copyrights by 400%. We expect this
trend to continue in the coming months as we implement further
improvements in our operations."
Mr. Sabec adds, "Today, we have more than 40,000 copyrights in
our system. With authorization to monetize over 1,000,000
copyrights, this means we can increase content in our system by 25X
from current levels without any new contracts. Additionally,
we are signing up more content everyday with asset owners that see
the value in our monetization model. The current number of
copyrights that we have in our system represents only 4% of what we
already have under contract so further automation of system and
processes will allow us to more rapidly increase the number of
copyrights we can actually collect on using our proprietary
Rightscorp technology. With every addition of copyright automation,
we increase our potential to service our clients and deliver to
investors a business with scalable high margins and recurring
revenue streams."
"We have very stringent quality control process. The ingestion
process involves identifying all of the versions of compilations
that include the new copyrights that are available on file sharing
networks and confirming that those compilations contain the exact
copyrights we have been hired to monitor. Every month, we add
new capabilities to the system to increase the rate that this can
be accomplished."
The Company currently represents more than 1,000,000 copyrights
including over 40,000 active 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 50 ISPs and closed over 50,000 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,
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