Rightscorp Increases Number of Participating Internet Service Providers by Over 33%
Company Now Receives Copyright Infringement Settlements From Customers Of More Than 200 ISPs
SANTA MONICA, Calif., Nov. 24, 2014 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), a provider of monetization services for artists and holders of copyrighted intellectual property (IP), announced today that it has increased its ISP participation from 150 to over 200, representing a growth of over 33%. ISP participation is a key operating metric that directly impacts Company growth and opens up a larger revenue stream as each ISP can represent thousands of potential infringements that can be monetized by the Company. There are approximately 1800 ISPs in the United States, and Rightscorp represents around 15% of the space.
"A 33% gain since we last reported our numbers earlier in the month is a huge jump in ISP participation," said Christopher Sabec, CEO of Rightscorp. "We can attribute this increase to our persistence and hard work. In addition, many ISPs work with us to help curb copyright infringement on their networks and to reduce the large amount of bandwidth that infringers use. ISP participation is one of the three key metrics we use to measure growth."
Rightscorp 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, authors, and many other rights holders. Rightscorp has already received settlements from subscribers of more than 200 ISPs and closed over 130,000+ cases of copyright infringement to date.
About Rightscorp, Inc.
Rightscorp (OTCQB: RIHT) is a 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.
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SOURCE Rightscorp
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