SANTA MONICA, Calif.,
April 30, 2014 /PRNewswire/
-- Rightscorp (OTCQB: RIHT), the leading provider of
monetization services for artists and holders of copyrighted
Intellectual Property (IP), today announced that revenue for the
first quarter 2014 ending March 31,
2014 grew 256% to $188,215
from $52,835 in the first quarter of
2013. Sequentially, revenues increased 21% from $155,381 in the fourth quarter of 2013.
"I'm very pleased with our performance during the quarter," said
Christopher Sabec, CEO of Rightscorp. "Our team continues to
execute on all our growth drivers. We expanded the number of active
copyrights in our system that we can collect on from 40,000 at
year-end 2013 to roughly 80,000. We are gaining acceptance from
ISPs as they recognize the huge amount of bandwidth consumed by
illegal downloading. To date, we have closed more than 65,000 cases
of copyright infringement and we expect our operating metrics to
grow on all levels moving forward."
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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This press release may include
forward-looking statements. All statements other than statements of
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limitation, statements regarding the Company's anticipated
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management of the Company for future operations, are
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currently available to the Company's management. Actual results
could differ materially from those contemplated by the
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ability to attract and retain qualified personnel, and changes in
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Company or persons acting on its behalf are expressly qualified in
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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.