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): August 25, 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 August 25, 2014, Rightscorp, Inc. issued a press release, a copy of which is attached as Exhibit 99.1 hereto.

 

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 25, 2014	By:	/s/ Christopher Sabec
	Name:	Christopher Sabec
	Title:	Chief Executive Officer

 

 

 

 

 

 

 

Exhibit 99.1

 

Rightscorp’s Proprietary Copyright Monetization System Offers Solution to Pre-Release P2P File Sharing

 

Expendables 3, Dallas Buyers Club, and Other Recent Releases Suffer from Pre-Release Piracy that Threatens Film Industry and Costs Tens of Millions of Dollars in Potential Sales

 

Santa Monica, Calif. – August 25, 2014 – Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP), offers a solution to a recent article which cites the rise of pre-release copyright infringements of motion picture films and TV shows. Rightscorp can use its proprietary tracking capabilities to monitor infringements prior to film and TV show releases and allow owners to monetize infringements and take immediate action to limit damages.

 

Expendables 3, the third installment of the successful action movie series, is just the latest victim to suffer from pre-release copyright infringement and has been illegally downloaded over 2.2 million times, according to a recent article by The Wall Street Journal. The article states that, “pre-release piracy reduces a movie’s domestic box-office take by an average 19%, according to findings by researchers at Carnegie Mellon University.” Expendables 1 and Expendables 2 grossed $274 million and $305 million worldwide, respectively. A 20% loss for a movie like Expendables 3 will cost millions of dollars in sales. Expendables 3 was released in theaters on Friday, August 15, 2014.

 

Many other movies have been pirated before they were released in theaters or released for sale. Dallas Buyers Club, which won many Academy Awards, was available on P2P networks before it was available on sale. Popular TV shows are often affected by this problem. According to The Telegraph and other sources, HBO’s Game of Thrones is the most illegally downloaded TV show worldwide, followed by The Walking Dead, The Big Bang Theory, Breaking Bad, Netflix’s Original Series House of Cards and others. Within minutes of shows airing, infringers can upload and download the shows illegally.

 

“Not only does Rightscorp have a solution for current copyright infringements, it also has a customizable solution for clients seeking pre-release protection,” said Christopher Sabec, CEO of Rightscorp. “The cost attributed to a major motion picture that is leaked before it is commercially released can be monumental in lost sales and revenue. We offer a viable answer to this problem. Monitoring a movie before it is released gives us the chance to seek out potential threats and act quickly if a threat emerges. We have developed Rightscorp’s system to be customized to meet a client’s pressing need in the critical release and pre-release window.”

 

Mr. Sabec continued, “We have closed over 75,000 cases of copyright infringement to date and that number continues to increase. Although pre-release infringement can’t be completely eliminated, Rightscorp does possess the best tools to curb the problem and the best chance at monetizing and protecting the studios and copyright holders.”

 

Rightscorp’s proprietary technology solution was highlighted in the NY Post. The full article can be accessed at; http://nypost.com/2014/08/24/expendables-3-tanked-because-of-leaked-version-distributor/.

 

 

The Company represents more than 1.5 million copyrights and has partnered with major motion picture studios, numerous platinum recording artists, Academy Award-winning films, top TV shows, and many others. Rightscorp has already received settlements from subscribers of more than 140 ISPs and closed over 75,000 cases of copyright infringement to date.

 

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