SANTA MONICA, Calif.,
Aug. 14, 2014 /PRNewswire/
-- Rightscorp (OTCQB: RIHT), the leading provider of
monetization services for artists and holders of copyrighted
Intellectual Property (IP), announced today an agreement to
represent a total of 50,000 copyrights from The Bicycle Music
Company, the globally influential independent music publisher,
record label, and rights manager. The copyrights received from The
Bicycle Music Company add to Rightscorp's catalogue of over 1.5
million copyrights.
"The Bicycle Music Company is a well-respected publishing
pioneer representing both hit songs and hidden gems, and we are
excited to include their impressive portfolio of copyrights in our
growing catalog," said Christopher Sabec, CEO of Rightscorp. "The
music industry has been hit hard by illegal copyright infringement
through peer-to-peer networks and has lost billions of dollars in
sales, revenue, and wages. We are focused on making sure that each
and every copyright we represent is protected and monetized so that
the copyright holder is rightfully compensated for their
assets."
"Rightscorp is the only solution for tracking, enforcement, and
monetization of P2P infringement that continues to undermine the
creative community and erode the value of intellectual property
through wholesale piracy," says Bicycle Music President,
Jake Wisely. "15 years after the
advent of Napster's file sharing service, right holders still
struggle against good technology being used to the detriment of
creators. Rightscorp endeavors to stem the flow while litigation
and legislation takes its course."
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.
About The Bicycle Music Company
The Bicycle Music
Company, founded in 1974, is a full service independent music
publisher, record label, and rights holder committed to
exceptional, creative growth in the value of its catalogs. Bicycle
has acquired over 50,000 copyrighted works, including standards,
hits, and staples such as Crossroads Blues, Bust A
Move, Eye of the Tiger, Guantanamera, Lady
Sings The Blues, Let Your Love Flow, Man In the
Mirror, Sister Christian, Slow Ride, Stand By
Your Man, Time After Time and the songs from A Chorus
Line. Bicycle's song catalog includes works by Roy Ayers, Glen
Ballard, Marty Balin,
Sammy Cahn, Wes Farrell, The Fixx, Foghat, Marvin Hamlisch, Billie
Holiday, Robert Johnson,
Montell Jordan, Cyndi Lauper, Ernie
Maresca, Marilyn Manson,
Night Ranger, Nine Inch Nails, Jim
Peterik, Pete Seeger, Third
Eye Blind, Tammy Wynette and Dwight
Yoakam. Bicycle's master recording catalog includes works by
AFI, The Brand New Heavies, Evanescence, Finger Eleven, The
Connells, Creed, Drowning Pool, Nine Inch Nails, The Offspring, The
Pharcyde, Seether, The Skyliners, Tone Loc, Brenton Wood and Young MC.
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/
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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, Inc.