SANTA MONICA, Calif.,
Feb. 24, 2014 /PRNewswire/ --
Rightscorp (OTCQB: RIHT), the leading provider of monetization
services for artists and holders of copyrighted Intellectual
Property (IP), announced that its Chief Operating Officer
Robert Steele's article titled "Is
the Piracy Threat Really Decreasing" has been featured on The
Trichordist.
In the online article, Mr. Steele poses the question of whether
piracy has been on the decline given reports such as Sandvine,
which has claimed that during the second half of 2013,
file-sharing's share of aggregate peak-period traffic in
North America fell from 10.5% to
8.93%. Mr. Steele makes the case that piracy in terms of number of
movies and music files consumed has actually steadily increased
since overall internet traffic grows at a much faster rate than the
percentage decline in overall share. To support this notion, Mr.
Steele cites flat or declining revenues for major media companies,
which is contrary to recent reports that digital piracy is
declining. In addition, the increase use of VPNs (Virtual Private
Networks) is allowing BitTorrent users to become more savvy by
masking their traffic from their ISP, indicating the rise in
popularity of "dark nets" including Tor and other encrypted digital
lockers used for online piracy.
The Recording Industry Association of America (RIAA) states that
since peer-to-peer (P2P) file-sharing emerged in 1999, music sales
in the U.S. have dropped 53%, from $14.6
billion to $7.0 billion in 2012. According to the RIAA,
approximately 30 billion songs were illegally downloaded on
file-sharing networks between 2004 and 2009. A study conducted by
the Motion Picture Association of America (MPAA) based on over
20,000 surveys of consumers conducted in 22 countries, found that
piracy was costing movie studios $6.1
billion a year. The Institute for Policy Innovation
concludes that global music piracy causes $12.5 billion of economic losses every year,
71,060 U.S. jobs lost, a loss of $2.7
billion in workers' earnings.
The Tricordist is an online publication focused on creating a
sustainable and ethical internet for the protection of artists
rights in the digital age. The article can be found on The
Trichordist website at:
http://thetrichordist.com/2014/02/15/is-the-piracy-threat-really-decreasing/
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 24% 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.rightscorpinc.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