SANTA MONICA, Calif.,
April 3, 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 secured a
new agreement with an established entertainment company focused on
the distribution of independent and foreign films. This
relationship expands Rightscorp's service for monetization of
online peer-to-peer ("P2P") infringements to over 800 copyrighted
film and video titles.
Rightscorp will add these new titles to its proprietary
copyright monetization process. As part of this process, the
Company will begin to monitor infringements resulting from
unauthorized file sharing on P2P networks via the Internet. The
Company will collect data regarding such infringements, offer
settlements to infringers and collect on those settlements and pay
the rights holders their portion.
"We are honored to expand our representation of rights holders
in the film and video market as we see this as a growing challenge
for the industry," said Christopher
Sabec, CEO of Rightscorp. "The acknowledgement by an iconic
brand is meaningful to our Company and investors as it signals
recognition for what Rightscorp is doing in terms of monetizing
digital assets and protecting artists and rights holders against
copyright infringements." He added, "The film and video
market is experiencing growing challenges from file sharing.
This is evidenced by the fact that minutes after airing infringers
can upload recent episodes of popular shows from HBO like Game of
Thrones or the Netflix Original Series House of Cards. This
challenge is further represented by the recent case involving
Dallas Buyers Club where the movie was available on P2P networks
before the video was released for sale." Sabec ended,
"We believe Rightscorp offers all holders of copyrighted
Intellectual Property the only viable, revenue positive solution to
this challenge facing them and the industry."
A recent article by Variety sourced a 100-page report
conducted by NetNames citing that "infringing bandwidth use rose by
159.3% between 2010 and 2012, or 23.8% of the total of all Internet
use in the three regions (North
America, Europe and
Asia)". It also showed that "327
million unique Internet users 'explicitly sought' infringing
content during January 2013, a jump
of almost 10% from November 2011, and
representing 25.9% of the total Internet user population in the
three regions".
Rightscorp currently represents more than 1,000,000 copyrights
with more than 40,000 copyrights in its system and has partnered
with major motion picture studios, numerous Platinum recording
artists and songwriters, 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 60,000 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 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.