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): August 14, 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 August
14, 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 19, 2014 |
By: |
/s/
Christopher Sabec |
|
Name: |
Christopher
Sabec |
|
Title: |
Chief
Executive Officer |
Exhibit
99.1
Rightscorp
Signs Agreement With The Bicycle Music Company
Santa Monica,
Calif. - August 14, 2014 – Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and holders
of copyrighted Intellectual Property (IP), announced today an agreement to represent a total of 50,000 copyrights from The Bicycle
Music Company, the globally influential independent music publisher, record label, and rights manager. The copyrights received
from The Bicycle Music Company add to Rightscorp’s catalogue of over 1.5 million copyrights.
“The
Bicycle Music Company is a well-respected publishing pioneer representing both hit songs and hidden gems, and we are excited to
include their impressive portfolio of copyrights in our growing catalog,” said Christopher Sabec, CEO of Rightscorp.
“The music industry has been hit hard by illegal copyright infringement through peer-to-peer networks and has lost billions
of dollars in sales, revenue, and wages. We are focused on making sure that each and every copyright we represent is protected
and monetized so that the copyright holder is rightfully compensated for their assets.”
“Rightscorp
is the only solution for tracking, enforcement, and monetization of P2P infringement that continues to undermine the creative
community and erode the value of intellectual property through wholesale piracy,” says Bicycle Music President, Jake Wisely.
“15 years after the advent of Napster’s file sharing service, right holders still struggle against good technology being
used to the detriment of creators. Rightscorp endeavors to stem the flow while litigation and legislation takes its course.”
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.
About
The Bicycle Music Company
The Bicycle
Music Company, founded in 1974, is a full service independent music publisher, record label, and rights holder committed to exceptional,
creative growth in the value of its catalogs. Bicycle has acquired over 50,000 copyrighted works, including standards, hits, and
staples such as Crossroads Blues, Bust A Move, Eye of the Tiger, Guantanamera, Lady Sings The Blues,
Let Your Love Flow, Man In the Mirror, Sister Christian, Slow Ride, Stand By Your Man, Time
After Time and the songs from A Chorus Line. Bicycle’s song catalog includes works by Roy Ayers, Glen Ballard,
Marty Balin, Sammy Cahn, Wes Farrell, The Fixx, Foghat, Marvin Hamlisch, Billie Holiday, Robert Johnson, Montell Jordan, Cyndi
Lauper, Ernie Maresca, Marilyn Manson, Night Ranger, Nine Inch Nails, Jim Peterik, Pete Seeger, Third Eye Blind, Tammy Wynette
and Dwight Yoakam. Bicycle’s master recording catalog includes works by AFI, The Brand New Heavies, Evanescence, Finger
Eleven, The Connells, Creed, Drowning Pool, Nine Inch Nails, The Offspring, The Pharcyde, Seether, The Skyliners, Tone Loc, Brenton
Wood and Young MC.
Contact:
Jake Wisely | 310-286-6600 x224 | jake@bicyclemusic.com
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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