SANTA MONICA, Calif.,
April 10, 2014 /PRNewswire/
-- Rightscorp (OTCQB: RIHT), the leading provider of
monetization services for artists and holders of copyrighted
Intellectual Property (IP), announced today that it plans to expand
its copyright monetization services into the consumer book
publishing market. Rightscorp will soon represent authors and
publishing companies by monitoring and monetizing of their digital
assets against copyright infringement and illegal downloading.
"We recently announced a deal to represent Mark Sisson, author of the bestselling book
The Primal Blueprint. This marks our entrance
into the multi-billion dollar book publishing industry, an area
where we feel we can add value to our clients and our investors,"
said Christopher Sabec, CEO of
Rightscorp. "eBooks and eReaders have become very popular since the
release of the Kindle in late 2007, but just like any medium, the
creation of digital format opens them up to digital theft and
copyright infringement. With a $3
billion market and growing, the digital book market is an
ideal place to add protection and secure revenues. We are now
expanding our focus to include monetization and protection of
online books and are already in discussions with other authors and
industry trade organizations about how we can help them."
The Association of American Publishers reported that revenues
including both online and physical book sales were $15 billion in 2012. The Los Angeles Times
placed print sales at $12 billion in
2012 and also $12 billion in 2011.
Regardless of the eBook's growth over the last few years, the
industry for physical books remains very strong.
Sales of eBooks reached $3 billion
at the end of 2012, up from $68
million in 2008 according to a recent article posted on
Yahoo! Finance. The article also cited that Jeff Bezos, Founder and CEO of Amazon, said that
"Kindle owners buy more books now than they did before they owned
the eReader". A PaidContent article cited that
PricewaterhouseCoopers (PwC) estimates "consumer eBooks will drive
$8.2 billion in sales by 2017,
surpassing projected print book sales, which it thinks will shrink
by more than half during that period."
Rightscorp currently represents more than 1,000,000 copyrights
with more than 40,000 copyrights in its system. Rightscorp has
already received settlements from subscribers of more than 50 ISPs
and closed over 60,000 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 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.