SANTA MONICA, Calif.,
Feb. 26, 2014 /PRNewswire/
-- Rightscorp (OTCQB: RIHT), the leading provider of
monetization services for artists and holders of copyrighted
Intellectual Property (IP), announced that as of February 24th, the Company is now
monitoring 13 songs on the Billboard Hot 100.
"Our business model is aimed at monetizing copyrighted
intellectual property such as music, films, books, video games and
software, which are shared without the permission of their owners,"
said Christopher Sabec, CEO of
Rightscorp. "We are pleased to announce that we are
monitoring and protecting 13 songs on the current Billboard Hot
100. We are in discussions with content creators and rights
holders of additional copyrighted property including many other
tracks in the Hot 100 as the entertainment industry places more
value on our unique service."
Digital theft of music, movies and copyrighted content accounts
for over $2.7 billion in lost
workers' earning per year. In addition, the music industry faces
loses over $12 billion per year
because of online piracy. Rightscorp's loss prevention technology
combined with the implementation of existing Federal copyright
protection laws protect the owner's Intellectual Property (IP).
Rightscorp currently represents more than 1,000,000 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 50 ISPs and closed over 50,000 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,
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, Inc.