RIHT Rightscorp Inc (PK)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 8, 2014

 

RIGHTSCORP, INC.

(Exact name of registrant as specified in its charter)

 

Nevada		000-55097		33-1219445
(State or other jurisdiction		(Commission		(I.R.S. Employer
of incorporation)		File Number)		Identification Number)

 

3100 Donald Douglas Loop North

Santa Monica, CA 90405

(Address of principal executive offices) (zip code)

 

310-751-7510

(Registrant’s telephone number, including area code)

 

Copies to:

Gregory Sichenzia, Esq.

Jeff Cahlon, Esq.

Sichenzia Ross Friedman Ference LLP

61 Broadway

New York, New York 10006

Phone: (212) 930-9700

Fax: (212) 930-9725

 

 

(Former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

  

Item 8.01 Other Events.

 

On July 8, 2014, and July 10, 2014, Rightscorp, Inc. issued press releases, copies of which are attached as Exhibit 99.1 and 99.2 hereto, respectively.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

99.1     Press Release date July 8, 2014

99.2     Press Release dated July 10, 2014

 

  

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	RIGHTSCORP, INC.
Dated: July 11, 2014	By:	/s/ Christopher Sabec
	Name:	Christopher Sabec
	Title:	Chief Executive Officer

  

 

 

Exhibit 99.1

 

Rightscorp Increases Number of Participating Internet Service Providers by Over 100%

 

Industry Leader Receives Copyright Infringement Settlements from Customers of More Than 140 ISPs

 

Santa Monica, Calif. - July 8, 2014 – Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP), announced today that it has increased its ISP participation from 70 to over 140, representing a growth of over 100%. The increase in settlement payments received from ISP subscribers directly impacts the Company’s top line growth potential and represents a larger number of copyright infringers receiving notices, enabling a greater return for Rightscorp and its clients, the copyright owners.

 

“Doubling the amount of participating ISPs is another large milestone for our Company,” said Christopher Sabec, CEO of Rightscorp. “As we’ve indicated in the past, our ability to generate significant growth momentum is attributed to three major factors: increasing the number of copyrights we represent, growing our ingestion rate, and more ISP participation. Our ability to successfully monetize the copyrighted content we represent has increased significantly. Each ISP we add represents thousands of potential infringements that can now be monetized. We are adding ISPs at a faster rate as the scalability and efficiency of our solution becomes apparent.”

 

The Recording Industry Association of America (RIAA) states that since peer-to-peer (P2P) copyright infringement emerged in 1999, music sales in the U.S. have dropped 53%, from $14.6 billion to $7.0 billion in 2013. The digital theft of music, movies and copyrighted content accounts for 24% of global internet bandwidth, according to the Information Technology & Innovation Foundation. Copyright holders are negatively impacted through the loss of sales and revenues and ISPs are affected by copyright infringement on their networks. The higher the amount of illegal Internet traffic that violates copyrights, the larger the maintenance costs ISPs must pay. Rightscorp’s proprietary patent-pending copyright infringement monitoring software solution, which protects copyright owners against digital loss and the unauthorized online distribution of content including music, movies, games, books, software and other digital content, is beneficial to ISPs as it warns about repeat infringers allowing ISPs to shut down the infringers’ service. The benefit for ISPs to work with Rightscorp is reduced liability, reduced costs, and improvement in bandwidth.

 

Rightscorp recently reported that it has closed over 75,000 cases of copyright infringement and has received approval to collect on over 1.5 million copyrights.

  

 

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

 

 

Exhibit 99.2

 

Rightscorp Secures Representation Agreement with The Royalty Network to Monitor Copyrights for Monetization

 

Company Adds Portfolio of Copyrights from Some of the Biggest Superstars in Music

 

Santa Monica, Calif. - July 10, 2014 – 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 representation agreement with The Royalty Network to represent and monitor its copyrighted songs and other assets against online copyright infringement. The Royalty Network, currently celebrating its 20^th anniversary, is recognized as one of the music industry’s most powerful music publishing firms.

 

The Royalty Network has an impressive roster of top songwriters, producers, and artists; its catalogue continues to grow every year. Artists’ songs represented include Beyoncé, Calvin Harris, Kanye West, Lil’ Wayne, Kendrick Lamar, and many other notable acts. In addition, the Company represents songs in film and television shows including “The Hangover” and “American Idol”. Much like Rightscorp, The Royalty Network makes it a priority of informing artists, songwriters, and producers about copyright ownership, and educating their clients on how to monetize their copyrights. The Royalty Network maintains a blog with tips regarding royalties, actively attends conferences, and participates on panels to educate executives--as well as up-and-coming artists--on the importance of copyright ownership.

 

“We are thrilled to partner with The Royalty Network to help protect their growing catalog of copyrighted works,” said Christopher Sabec, CEO of Rightscorp. “Content owners continue to discover that our monitoring service is the best viable solution to protect their assets from illegal infringement and ensure that they are compensated for any infringements that do occur. The Royalty Network is a major force in the music industry and has an excellent reputation for its business practices, as well as attracting and working with some of the biggest superstars in the world. At the core, our two companies are very much aligned in our thinking. We want to inform and protect the copyright holder from infringement and loss of revenue. The Royalty Network’s reputation for client satisfaction makes it a sought after place for artists, songwriters, and producers. We look forward to building this business relationship, which I believe will be very fruitful in the years to come.”

 

About The ROYALTY NETWORK, Inc.

 

Since its inception in 1994, the accomplishments of The Royalty Network have been extraordinary. The Company’s client roster has increased dramatically from year to year, boasting a perpetually growing catalogue of some of the most prolific songwriters, producers, and artists across a multitude of genres. This includes a hit parade of albums from the likes of Pete Seeger, Beyoncé, Daughtry, Shaggy, Flo Rida, Kelly Clarkson, The Black Eyed Peas, Coldplay, and Lil Wayne and film and television shows such as "The Hangover," "American Idol," "Gossip Girl", "Dancing With The Stars", "The Hills", "Pretty Little Liars" and many more. http://www.roynet.com/

 

 

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). Because 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