SANTA MONICA, Calif., Aug. 13, 2015 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), a leading provider of data and analytic services to support artists and owners of copyrighted property, announced today that it has signed a renewal agreement with the Royalty Network to continue to represent and monitor its copyrighted songs and other assets and guard against online copyright infringement. The Royalty Network is recognized as one of the music industry's most powerful music publishing firms.
"We are very pleased to announce that we have renewed our agreement with the Royalty Network and will continue to help protect their catalog of work," said Christopher Sabec, CEO of Rightscorp. "Both the Royalty Network and Rightscorp believe in the sanctity of copyright ownership and protection, and we see eye-to-eye on the dangers of infringement and potential losses. We have built a strong working relationship with them and have demonstrated our considerable value in combating copyright infringement and delivering results."
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 to more than 331 ISPs and has closed over 234,685 cases of copyright infringement to date.
About the ROYALTY NETWORK, Inc.
Since its inception in 1994, the accomplishments of the Royalty Network have been extraordinary. The Company's client roster has increased dramatically from year to year, boasting a perpetually growing catalogue of some of the most prolific songwriters, producers, and artists across a multitude of genres. This includes a hit parade of albums from the likes of Pete Seeger, Beyoncé, Daughtry, Shaggy, Flo Rida, Kelly Clarkson, The Black Eyed Peas, Coldplay, and Lil Wayne and film and television shows such as "The Hangover," "American Idol," "Gossip Girl", "Dancing With The Stars", "The Hills", "Pretty Little Liars" and many more.
About Rightscorp, Inc.
Rightscorp (RIHT) is a leading provider of data and analytic services to support artists and owners of copyrighted Intellectual Property (IP). The Company's patent pending digital loss prevention technology focuses on the infringement of rights to 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 resolve 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 in comparison 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.
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