Rightscorp Begins Monitoring 14 Film Titles That Grossed Over $3.5 Billion in Sales
27 Março 2014 - 8:00AM
Rightscorp (OTCQB:RIHT), the leading provider of monetization
services for artists and holders of copyrighted Intellectual
Property (IP), announced today that 14 of the film titles it has
begun to monitor in the film and video market generated cumulative
gross sales in excess of $3.5 billion. These films were all
released after 1999 and the gross figures were obtained from Box
Office Mojo.
This represents a solid step forward in Rightscorp's expansion
into the film and video market. The Company's business model of
monetizing copyrighted Intellectual Property for rights owners is
proving to be an effective solution to online infringement of
copyrights. Rightscorp has successfully closed over 60,000 cases to
date. The Company currently protects digital assets including music
and film, although its model works on all digital content such as
video games, books and software.
"The damage caused by illegal downloading is billions in lost
revenue and millions in lost wages each year," said Christopher
Sabec, CEO of Rightscorp. "However, Rightscorp has an effective
solution that not only reduces online piracy, but also puts money
back into our clients' pockets. We are finding that more and more
studios are seeking us out for our unique anti-piracy
solution."
Rightscorp currently represents more than 1,000,000
copyrights. Everyday the Company is inputting more
content into its system and adding to the more than 40,000
copyrights it is currently monitoring for artists, record labels
and major motion picture studios. The Company currently
monitors content for numerous platinum recording artists,
songwriters, Academy Award winning films, top TV shows and many
others.
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.
CONTACT: Andrew Haag
Managing Partner
IRTH Communications
rightscorp@irthcommunications.com
1-866-976-4784
Rightscorp (PK) (USOTC:RIHT)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Rightscorp (PK) (USOTC:RIHT)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024