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Rightscorp Closes Over 100,000 Cases of Copyright Infringement to Date
SANTA MONICA, Calif., Sept. 2, 2014 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP), announced today that it has closed over 100,000 cases of copyright infringement to date, up from 75,000 in May 2014, representing over a 33% increase over previously released figures. The Company currently receives settlement payments from subscribers of more than 140 ISPs and has approval to collect on over 1.5 million copyrights.
"This is a solid milestone for the Company and strongly supports our claim that Rightscorp offers the most effective solution available for peer-to-peer copyright infringement.The increase of cases closed is directly related to adding new copyrights to our system, increasing the number of participating ISPs, and growing consumer awareness of our service. We have worked hard over the past year to streamline our process and develop new relationships," said Christopher Sabec, CEO of Rightscorp. "This announcement comes on the heels of recently reporting 377% increase in year-over-year quarterly revenue growth. Closing over 25,000 new cases in less than 3 months is a testament to our ability to deliver an effective solution to this problem and assure that the owners of the content we represent are treated fairly."
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 100,000 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/
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