Rightscorp Sees Continued Growth Through Monetization of Film and Video Copyrights
17 Mars 2014 - 12:00PM
Rightscorp (OTCQB:RIHT), the leading provider of monetization
services for artists and holders of copyrighted Intellectual
Property (IP), announced today that it expects to see continued
growth in the Company's core business of copyright monetization and
anticipates this growth to be driven by an increased demand from
owners of copyrighted film and video assets for Rightscorp's
digital loss prevention service.
Since late 2011, the Company has been effectively representing
rights holders by protecting and monetizing copyrighted assets
online. Initially focused primarily on music copyrights, last year
the Company began monetizing assets in the film and home video
space as highlighted by the Hollywood Reporter.
Rightscorp's service for monetization of online peer-to-peer
("P2P") infringements is effective for any copyrighted Intellectual
Property that can be transferred digitally; this includes music,
video games, software, books, film, and video. The Company
monitors infringements on P2P networks, collects data regarding
such infringements, alerts ISPs to the activity, and offers a
settlement to the infringers on behalf of the rights holder. Upon
settlement, Rightscorp then pays the rights holder its fair share
from the fees collected.
A recent article appearing in Time discusses the emergence of
Popcorn Time, an app that works similar to Netflix, allowing users
the ability to stream the latest movies including some that are
still playing in theatres. Time cites that this app is "a flagrant
enabler of copyright violation." The developers of Popcorn Time are
aware of the legal ramifications and even post disclaimers that
downloading copyrighted material is illegal. The advent of new
technologies similar to Popcorn Time is a major cause for concern
for copyright protection.
"It is a fact that the entertainment industry as a whole is
losing billions in revenues every year due to illegal infringements
on P2P networks. The owners of copyrighted Intellectual
Property see wholesale infringement of their rights on a daily
basis. We see our expansion into the film and video market as
a solid growth path and a way to best serve the industry and the
market.
It is becoming clear that our technology offers the best
solution to this growing challenge for the industry," said
Christopher Sabec, CEO of Rightscorp.
"Popcorn Time now enables illegal peer-to-peer piracy on the
BitTorrent protocol without requiring index sites like The Pirate
Bay, Isohunt, and Kick Ass Torrents. DMCA takedown notices
have absolutely zero effect on an application like Popcorn
Time—assuming they ever had any effect. This reality
underscores that the only way to reduce peer-to-peer piracy is to
compel ISPs to suspend service to internet subscribers who
repeatedly infringe copyrights on BitTorrent. Rightscorp has
the only scalable solution this achieves that goal," said Robert
Steele, COO of Rightscorp.
Mr. Sabec continued, "The fact that minutes after popular shows
like HBO's Game of Thrones or the Netflix's House of Cards air new
episodes infringing copies are made available through P2P is
damaging to the industry as a whole. This challenge is further
represented by the recent case involving Dallas Buyers Club where
the movie was available on P2P networks before the video was even
released for sale. The film and video market is searching for
solutions to rightfully protect and monetize their digital assets.
We believe Rightscorp offers all holders of copyrighted IP the only
viable, revenue positive solution to the challenge of piracy."
A recent article by Variety sourced a 100-page report conducted
by NetNames citing that "infringing bandwidth use rose by 159.3%
between 2010 and 2012, or 23.8% of the total of all Internet use in
the three regions (North America, Europe and Asia)". It also showed
that "327 million unique Internet users 'explicitly sought'
infringing content during January 2013, a jump of almost 10% from
November 2011, and represents 25.9% of the total Internet user
population in the three regions".
Rightscorp currently represents more than 1,000,000 copyrights
with more than 40,000 copyrights in its system and has partnered
with major motion picture studios, numerous Platinum recording
artists and songwriters, Academy Award winning films, top TV shows
and many others. Rightscorp has already received settlements from
subscribers of more than 50 ISPs and closed over 60,000 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, 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 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 24% 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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CONTACT: For further investor and media information contact:
Andrew Haag
Managing Partner
IRTH Communications
rightscorp@irthcommunications.com
1-866-976-4784
Rightscorp (PK) (USOTC:RIHT)
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