Rightscorp Reports Revenues for First Quarter 2014
Increase of 256% Over Same Period in 2013
Company Delivers Its 9th Quarter of Consecutive Revenue Increases
SANTA MONICA, Calif., April 30, 2014 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP), today announced that revenue for the first quarter 2014 ending March 31, 2014 grew 256% to $188,215 from $52,835 in the first quarter of 2013. Sequentially, revenues increased 21% from $155,381 in the fourth quarter of 2013.
"I'm very pleased with our performance during the quarter," said Christopher Sabec, CEO of Rightscorp. "Our team continues to execute on all our growth drivers. We expanded the number of active copyrights in our system that we can collect on from 40,000 at year-end 2013 to roughly 80,000. We are gaining acceptance from ISPs as they recognize the huge amount of bandwidth consumed by illegal downloading. To date, we have closed more than 65,000 cases of copyright infringement and we expect our operating metrics to grow on all levels moving forward."
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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SOURCE Rightscorp, Inc.