SANTA MONICA, Calif.,
April 21, 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 joined as a member of
the American Association of Independent Music (A2IM), an
organization of independent music labels that promotes business
opportunity, provides advocacy and representation for the
independent label community.
The independent music market has gone vastly unrepresented in
mainstream until recent years. In an article by the New York Post,
independent music labels grew in market share from 25.8% in 2007 to
34.5% by June 30, 2013, making it #1
in the music industry. The popularity of indie artists has grown
with exposure from Pandora and other streaming services as well as
YouTube. In 2013, Macklemore & Ryan
Lewis's "Thrift Shop" hit No.1 and was the first song since
1994 to do so without being signed to a major label.
"It is great that indie labels are getting more recognition and
they've attained #1 status in the music industry, beating out the
major labels," said Christopher Sabec, CEO of Rightscorp. "A2IM
cited that independent music reigned at the 56th Annual
GRAMMY Awards, taking home 50% of the evening's honors. There is a
lot to be excited about for indie labels but just like major
labels, artists need protection from copyright infringers. We
joined A2IM with the intention of informing and educating indie
labels on our solution to prevent lost revenues from copyright
infringers. We have proven that our monetization services work and
in assessing the music market, it will be a strategic decision to
extend our services to indie
labels."
A2IM is a not-for-profit organization of independent music
labels that promotes business opportunity, provides advocacy and
representation, as well as networking opportunities for the
independent label community. A2IM has over 450 members, and its
efforts are meant to strengthen the entire independent label
sector.
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/
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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