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SOURCE Rightscorp, Inc.
Company Has Received Copyright Infringements Settlements from Customers of More Than 70 ISPs
SANTA MONICA, Calif., May 8, 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 received settlement payments from subscribers on more than 70 ISPs. The increase in ISP participation from roughly 50 to over 70 gives Rightscorp the ability to collect payments on a larger number of copyright infringers, which directly impacts the Company's revenue growth.
Christopher Sabec, CEO of Rightscorp comments, "These 70 ISPs cover an estimated 15% of U.S. homes and include 5 of the top 10 ISPs. This enables us to not only increase our target reach with each ISP added, but gives us more opportunities to increase revenues going forward. We have found that adding just one ISP opens up thousands of opportunities for monetization per infringement."
The amount of bandwidth used for copyright infringement in North America, Europe, and Asia Pacific accounts for 24% of total Internet bandwidth according to NetNames. Not only do copyright holders suffer from loss of sales and revenues, but ISPs also suffer and are affected by copyright infringement on their networks. The higher the amount of illegal Internet traffic that violates copyrights, the larger the maintenance costs ISPs must pay. Rightscorp's proprietary patent-pending copyright infringement monitoring software solution, which protects copyright owners against digital loss and the unauthorized online distribution of content including music, movies, games, books, software and other digital content, is beneficial to ISPs as it warns about repeat infringers allowing ISPs to shut down the infringers' service. The benefit for ISPs to work with Rightscorp is reduced liability, reduced costs, and improvement in bandwidth.
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 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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