SANTA MONICA, Calif.,
Nov. 11, 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 growth in each
of its key operating metrics, factors which directly impacts the
Company's growth. The Company reported that it has closed over
130,000 cases of copyright infringement to date, up from 100,000 in
September 2014, representing a 30%
increase in just one month. The Company increased its ISP
participation from 140 to over 150, representing a growth of over
6% since previously releasing figures in July 2014. Rightscorp also increased the number
of copyrights ingested into its proprietary copyright monetization
system from 80,000 to over 160,000, representing a 100% increase
from last reporting.
Christopher Sabec, CEO of Rightscorp, said, "Our growth is
measured by increasing three key metrics: the number of copyrights
we ingest into our system, the number of cases we close, and the
number of participating ISPs. These key metrics directly impact our
performance and financial results. We reported a 6% increase in the
number of participating ISPs, a 30% increase in the amount of cases
closed, and a staggering 100% increase in the ingestion rate. We
recently announced an injection of capital and, as a direct result,
have been able to streamline the business to recognize growth in
our operational metrics. We are pleased with our healthy growth as
we actively execute on our strategy."
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,
authors, and many other rights holders. Rightscorp has already
received settlements from subscribers of more than 150 ISPs and
closed over 130,000+ 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
SOURCE Rightscorp, Inc.