SANTA MONICA, Calif.,
July 8, 2014 /PRNewswire/
-- Rightscorp (OTCQB: RIHT), the leading provider of
monetization services for artists and holders of copyrighted
Intellectual Property (IP), announced today that it has increased
its ISP participation from 70 to over 140, representing a growth of
over 100%. The increase in settlement payments received from ISP
subscribers directly impacts the Company's top line growth
potential and represents a larger number of copyright infringers
receiving notices, enabling a greater return for Rightscorp and its
clients, the copyright owners.
"Doubling the amount of participating ISPs is another large
milestone for our Company," said Christopher Sabec, CEO of
Rightscorp. "As we've indicated in the past, our ability to
generate significant growth momentum is attributed to three major
factors: increasing the number of copyrights we represent, growing
our ingestion rate, and more ISP participation. Our ability to
successfully monetize the copyrighted content we represent has
increased significantly. Each ISP we add represents thousands of
potential infringements that can now be monetized. We are adding
ISPs at a faster rate as the scalability and efficiency of our
solution becomes apparent."
The Recording Industry Association of America (RIAA) states that
since peer-to-peer (P2P) copyright infringement emerged in 1999,
music sales in the U.S. have dropped 53%, from $14.6 billion to $7.0 billion in 2013. The
digital theft of music, movies and copyrighted content accounts for
24% of global internet bandwidth, according to the Information
Technology & Innovation Foundation. Copyright holders are
negatively impacted through the loss of sales and revenues and ISPs
are affected by copyright infringement on their networks. The
higher the amount of illegal Internet traffic that violates
copyrights, the larger the maintenance costs ISPs must pay.
Rightscorp's proprietary patent-pending copyright
infringement monitoring software solution, which protects copyright
owners against digital loss and the unauthorized online
distribution of content including music, movies, games, books,
software and other digital content, is beneficial to ISPs as it
warns about repeat infringers allowing ISPs to shut down the
infringers' service. The benefit for ISPs to work with Rightscorp
is reduced liability, reduced costs, and improvement in
bandwidth.
Rightscorp recently reported that it has closed over 75,000
cases of copyright infringement and has received approval to
collect on over 1.5 million copyrights.
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/
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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.