Rightscorp Monitoring Songs on the Billboard Hot 100 for Infringement
SANTA MONICA, Calif., Feb. 26, 2014 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP), announced that as of February 24th, the Company is now monitoring 13 songs on the Billboard Hot 100.
"Our business model is aimed at monetizing copyrighted intellectual property such as music, films, books, video games and software, which are shared without the permission of their owners," said Christopher Sabec, CEO of Rightscorp. "We are pleased to announce that we are monitoring and protecting 13 songs on the current Billboard Hot 100. We are in discussions with content creators and rights holders of additional copyrighted property including many other tracks in the Hot 100 as the entertainment industry places more value on our unique service."
Digital theft of music, movies and copyrighted content accounts for over $2.7 billion in lost workers' earning per year. In addition, the music industry faces loses over $12 billion per year because of online piracy. Rightscorp's loss prevention technology combined with the implementation of existing Federal copyright protection laws protect the owner's Intellectual Property (IP).
Rightscorp currently represents more than 1,000,000 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 50 ISPs and closed over 50,000 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 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 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.rightscorpinc.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
[email protected]
1-866-976-4784
SOURCE Rightscorp, Inc.
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