SANTA MONICA, Calif., April 29, 2014 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP), issued a letter to its shareholders today.
Key developments and highlights of the letter include:
- Rightscorp now represents award-winning films, top 10 TV shows, a bestselling author, and more than a dozen songs on the Billboard Hot 100;
- Successfully closed more than 65,000 cases of copyright infringement;
- 9th quarter of consecutive double-digit revenue growth;
- Tripled revenues from $95,565 in 2012 to $324,000 at the end of 2013;
- Expanded global reach into Canada, a country with reported high levels of copyright infringement;
- Filed patents in Europe, China, Israel, Japan, Brazil, and India;
- Recently increased ingestion rate by 400%.
"In our Letter to Shareholders, we outlined our recent achievements regarding updates in our copyrights, ISP participation, ingestion rates, and cases closed," said Christopher Sabec, CEO of Rightscorp. "We feel our shareholders will appreciate the progress we are making as we continue to push forward to become the worldwide solution to the multi-billion dollar dilemma of online piracy."
To read the Letter to Shareholders in full, please visit: http://ir.rightscorp.com/
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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