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): August 6, 2014
RIGHTSCORP,
INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
000-55097 |
|
33-1219445 |
(State
or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
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
2.02 Results of Operations and Financial Condition.
On
August 6, 2014, Rightscorp, Inc. issued a press release regarding its financial results for the period ended June 30, 2014. The
press release is attached hereto as Exhibit 99.1.
In
accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1,
shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference
into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except
as shall be expressly set forth by specific reference in such filing.
Item
9.01 - Financial Statements and Exhibits.
(d)
Exhibits
99.1
Press Release
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:
August 7, 2014 |
By: |
/s/
Christopher Sabec |
|
Name: |
Christopher Sabec |
|
Title: |
Chief Executive Officer |
Exhibit
99.1
Rightscorp
Announces Revenue Increase of 377% in Second Quarter 2014 Over Same Period in 2013
Company
Continues Trend of Revenue Growth Driven by Increases in Copyright Representation, ISP participation, and Settlements Closed
Santa
Monica, Calif. - August 6, 2014 – 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
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