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):
June 6, 2014
RIGHTSCORP, INC.
(Exact name of registrant as specified in its
charter)
Nevada |
|
000-55097 |
|
33-1219445 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
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 June 6, 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: June 11, 2014 |
By: |
/s/ Christopher Sabec |
|
Name: |
Christopher Sabec |
|
Title: |
Chief Executive Officer |
Exhibit
99.1
Rightscorp’s
Proprietary Copyright Infringement Solution Highlighted in Feature Story in Ars Technica
Santa
Monica, Calif. - June 6, 2014 – Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and
holders of copyrighted Intellectual Property (IP), announced today that it has been profiled in Ars Technica, a technology,
news and information website with 6.9 million average unique monthly visitors and 39.4 million average monthly page views, with
its featured article titled, “You could be liable for $150k in penalties—settle instead for $20 per song.”
The
article by Joe Mullin gives background details on Rightscorp, how the Company works, and how it addresses the copyright infringement
problem with its unique solution. Rightscorp is able to identify repeat infringers even if their IP addresses are changed due
to its proprietary method of identifying users. The article goes into more detail about copyright holders vs. ISPs and the current
market.
Additionally,
the article sheds light on an alternative method to Rightscorp’s solution, a “six strikes” system, which Rightscorp
feels is insufficient to reign in the problem. Rightscorp’s patent pending solution identifies repeat offenders and forwards
notification and a settlement offer to the offender’s ISP. Under the Digital Millennium Copyright Act (DMCA), ISPs are legally
obligated to take some form of action to curtail repeat infringers on their systems. If an ISP does nothing after being notified,
it could be liable for up to $150,000 per infringement as it loses “safe harbor” under the DMCA and subjects itself
to third party liability.
Mullin
mentions that the Company is small “but it’s growing fast” and its increase of revenue from $100,000 in 2012
to $324,016 in 2013 has Rightscorp “on pace to blow that record away again.” Mullin states, “In any case, many
Internet users who don’t know the name of Rightscorp may be learning it soon.”
Christopher
Sabec, CEO of Rightscorp, commented, “We are very pleased with the coverage that we received from Ars Technica and the
way they explained our business model. Rightscorp has a streamlined solution in place that is extremely effective and cannot be
duplicated because of our unique technology. Rightscorp is on the cusp of making significant strides in the copyright infringement
marketplace as we move to the forefront as the ideal solution for copyright holders.”
The
full article can be accessed by using this link: http://arstechnica.com/tech-policy/2014/06/meet-rightscorp-the-internets-new-for-profit-copyright-cop/
About
Ars Technica
Ars
Technica is a technology news and information website that publishes news, reviews and guides on topics relating to computer hardware
and software, science, technology policy, and video games. Ars Technica is an asset owned by Condé Nast Digital, the online
division of Condé Nast Publications and included in their Wired Digital group, which also includes Wired News and, formerly,
Reddit.
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/
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
Rightscorp (PK) (USOTC:RIHT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Rightscorp (PK) (USOTC:RIHT)
Historical Stock Chart
From Jul 2023 to Jul 2024