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): July 31, 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
July 31, 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: August 1, 2014 |
By: |
/s/ Christopher Sabec |
|
Name: |
Christopher
Sabec |
|
Title: |
Chief Executive Officer |
Exhibit
99.1
Rightscorp’s
Copyright Monetization Service Increases Representation of ‘Billboard’ Hot 100 Songs
Company
Makes Significant Headways with Top Songs on other Billboard Charts
Santa
Monica, Calif. - July 31, 2014 – Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and
holders of copyrighted Intellectual Property (IP), today reported a significant increase in the number of titles it represents
on the Billboard Charts, including a recent #1 song on the Billboard Hot 100. This increase is due to new contracts recently signed
with top recording studios to expand Rightscorp’s music portfolio.
With
respect to other songs on the popularity charts, Rightscorp is currently monitoring 12 songs on the Billboard Top 40, 20 songs
on the Billboard Hot 100, 39 songs on albums on the Billboard Top 200 and 18 songs on the iTunes Top 100 singles.
“Representing
and monetizing a #1 song on Billboard’s Hot 100 along with our increase in songs on other top charts is a huge success for
the Company,” said Christopher Sabec, CEO of Rightscorp. “We are being approached by the music industry to
protect against copyright infringement of songs that are in high demand and currently popular. The positive reception from industry
decision makers is a testament to our successful business model and our emergence as an industry standard in preserving the artistry
and authenticity of music. We believe Rightscorp is the way forward for the industry’s copyright infringement problem.”
Digital
theft of music, movies and copyrighted content accounts for over $2.7 billion in lost workers’ earnings per year. In addition,
since 1999, music industry sales in the U.S. have dropped 53% from $14.6 billion to $7.0 billion in 2013. The music industry faces
many hurdles but with Rightscorp’s loss prevention technology combined with the implementation of existing Federal copyright
protection laws, Rightscorp’s clients can receive protection on their Intellectual Property (IP) and be rewarded their fair
share.
The
Company represents more than 1.5 million 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 140 ISPs and closed over 75,000 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, 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/
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
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