Rightscorp Posts New Market Data On The Increasing Proliferation Of P2P File Sharing Piracy
Provides Key Market Findings Following its Presentation at Content Protection Summit 2014
SANTA MONICA, Calif., Dec. 18, 2014 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), a provider of monetization services for artists and holders of copyrighted intellectual property (IP), today provided key market findings from its presentation at the 5th Annual Content Protection Summit 2014 where Rightscorp's Chief Executive Officer Christopher Sabec and President and Chief Operating Officer Robert Steele recently participated. Mr. Steele led a discussion that tackled the issue of whether piracy is on the decline titled, "Is The Piracy Threat Decreasing? What Content Owners Need To Know Now." Mr. Steele presented key evidence that showed that piracy is in fact not declining and is still a very serious ongoing threat to copyright owners. The presentation can be accessed at http://slidesha.re/1GqXR4K.
The Summit, which was hosted by the Media & Entertainment Services Alliance (MESA) and CDSA, the International Content Security Association, included speakers and key industry leaders from Google, Microsoft, Disney Studios, Warner Bros., Twentieth Century Fox and other studios, media, software, and security companies. Experts in content & IP protection, cyber security, and global piracy took part in a host of discussions that included: what to do when you're hacked, protecting content, a technology showcase, the culture of piracy, and ways to disrupt funding piracy.
Rightscorp presented an overview of the landscape of piracy from a past, present and future perspective. In its presentation, Mr. Sabec and Mr. Steele highlighted that in the United States, peer-to-peer file sharing grew 18% from 2010 to 2013 on a data traffic basis. Rightscorp estimated that over 2 billion units of movies were shared in 2013. Rightscorp estimated that music consumption on file sharing networks grew from 2.7 billion digital songs in 2010 to 8.3 billion digital songs shared in 2013. Rightscorp also estimated that approximately 74% of digital music was consumed on file sharing networks in 2013 without compensation to the copyright owners. In addition, the presentation forecasted a 40% increase in peer-to-peer file sharing by 2018, which includes 11.9 billion songs and over 3 billion movies illegally downloaded. Rightscorp's estimates were based on source data from Cisco, Envisional, and Netnames.
"We have heard many people state that they believed that piracy was decreasing in the United States. We have now presented our analysis that piracy has only increased across every industry since 2010," stated Robert Steele, President and COO.
"The Summit allowed us to shine a light on the true damage caused by copyright infringement and demonstrate how piracy is an ever growing worldwide threat that needs to be addressed now," said Christopher Sabec, CEO of Rightscorp. "At Rightscorp, we ensure that our clients' works are protected and that they receive compensation when violations occur."
Rightscorp has 1.5+ million copyrights covered under signed agreements. It has successfully collected on over 150,000+ infringements and has the highest ISP participation in the industry with over 200 and counting. Rightscorp represents industry leaders in film, television, music, publishing, gaming and software and has 29 patents pending globally. The Company has consistent quarterly and annual growth, has the potential to monetize billions of dollars. It is in discussions with a majority of major music publishers, shows a strong ISP and ingested copyrights growth trend and implements existing copyright laws that generate results.
About Rightscorp, Inc.
Rightscorp (OTCQB: RIHT) is a 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/
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rightscorp-posts-new-market-data-on-the-increasing-proliferation-of-p2p-file-sharing-piracy-300011759.html
SOURCE Rightscorp, Inc.
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