SANTA MONICA, Calif., Nov. 25, 2014 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP), announced today that it plans to expand its reach in the film, television and video markets with the appointment of entertainment industry veteran Gregory Noveck to its Board of Advisors. Mr. Noveck was most recently Senior Vice President, Production for SYFY Films, a joint venture between SYFY and Universal Pictures. Mr. Noveck will play a vital role in securing additional copyrights for the Company.
According to PriceWaterhouseCoopers (PwC), the U.S. film industry posted $31 billion in revenues in 2013, and the media and entertainment (M&E) industry, is expected to reach $546 billion in 2014. While the U.S. has the largest M&E industry in the world, it is hamstrung by piracy that has spilled over from films, music, TV shows, and has worked its way into streaming services. Netflix and Amazon are two of the largest streaming video services in the world and according to a recent Washington Post article, Netflix's hit series "Orange Is the New Black" is the second most pirated show after "Game of Thrones." The digital theft of music, movies and copyrighted content accounts for 22% of global internet bandwidth, according to the Information Technology & Innovation Foundation.
"With Gregory joining our advisory team, we are increasing our collective knowledge, experience, and connections in the entertainment industry," said Christopher Sabec, CEO of Rightscorp. "Over the past two years, we have assembled a world-class advisory board to provide resources through their experience and key relationships. Gregory has had his hands in various aspects of film and TV throughout his career that specifically deal with intellectual property. He will be an invaluable asset to our Company."
Mr. Noveck helped start SYFY Films, through which he produced films and acquired several projects for development including properties from Imagine, George R.R. Martin and Michael Tolkin. Prior to SYFY, he spent eight years at DC Comics as Senior VP, Creative Affairs where he focused on TV, Features, Animation, DTV, online, and games. Mr. Noveck made it his mission to expand the brand beyond Superman and Batman, and worked on A History of Violence, Constantine, Watchmen, Jonah Hex, The Losers, and Green Lantern for Warner Bros. He also developed and served as the Executive Producer of the feature film Red for Summit Entertainment.
Spearheading a bold DTV initiative, Mr. Noveck launched DC UNIVERSE ANIMATED ORIGINAL MOVIES, which became a critical and commercial success as it helped establish a new business for Warner Home Video, bringing great characters to life for their most passionate fans.
Prior to that, he worked at CBS Entertainment's Business Affairs and was Senior Vice President, Creative Affairs and Producer of Platinum Studios. Along the way he worked on a number of films and TV shows across the spectrum including Homicide: Life on the Street (NBC), Oz (HBO), Nash Bridges (CBS), The Show (Film), Hard Eight (Film), Highlander: The Series (USA), and La Femme Nikita (USA).
Gregory Noveck joins other members of Rightscorp's Strategic Advisory Board including Bill Zysblat, who serves as Business Manager for David Bowie, Sting, Rolling Stones and U2, and Peter Paterno, who is an attorney for Metallica and Dr. Dre.
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 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, 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.
For further investor and media information contact:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rightscorp-deepens-its-market-expertise-in-film-tv-and-video-300001333.html
SOURCE Rightscorp, Inc.