SANTA MONICA, Calif.,
Aug. 6, 2014 /PRNewswire/
-- Rightscorp (OTCQB: RIHT), the leading provider of
monetization services for artists and holders of copyrighted
Intellectual Property (IP), today reported that revenues for the
second quarter 2014 ending June 30,
2014 grew 377% to $251,481
from $52,670 in the second quarter of
2013. Sequentially, revenues increased 34% from $188,215 in the first quarter of 2014.
"We continue to generate steady growth in several of our
operating metrics," said Christopher Sabec, CEO of Rightscorp. "We
increased our participating ISPs by 100% from 70 to over 140, we
continued to grow the copyrights in our system, and increased
closed settlements to over 75,000. Refinements to our technology
also make our monitoring process more streamlined and efficient,
which should lead to quicker turnaround time in settlements. Going
forward for the rest of the year, we have put in place some key
benchmarks as we remain focus on our revenue generation."
Rightscorp expects to report its second quarter 2014 earnings on
Wednesday, August 13, 2014 after
market close.
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
SOURCE Rightscorp, Inc.