NEW YORK, July 1, 2015 /PRNewswire/ -- Small Cap IR issues report. Rightscorp, Inc. (OTCQB: RIHT) – Digital Piracy has reached stunning levels; according to the research firm Netnames, by January 2013 the number of Internet user's illegally downloading copyrighted material had reached 432 million worldwide. Illegal downloads are expected to increase in the future, driven by increasing volumes of shared digital content. According to the June 2014 white paper Cisco Virtual Networking Index: Forecast and Methodology 2013-2018, global consumer file-sharing traffic is expected to reach 6,784 petabytes by 2018 (a petabyte is one quadrillion bytes). Industries losing significant revenues from illegal downloads of digital content include: books, games, movies, music, and software. Economic losses for the music industry are estimated to have reached $12.5 billion annually. According to the Motion Picture Association of America, digital piracy is costing movie studios $6.1 billion per year. One company targeting the digital piracy market is Rightscorp, Inc.
Rightscorp, Inc. is a provider of monetization services to ensure that artists and other holders of copyrighted Intellectual Property ("IP") are paid for their IP. The company has developed a proprietary patent-pending method for collecting payments from entities and individuals that illegally download copyrighted content. The company is focused on the infringement of copyrights for digital content such as books, games, movies, music, and software. The company identifies copyright infringers who are violating existing laws under the Digital Millennium Copyrights Act ("DMCA") by monitoring global Peer-to-Peer ("P2P") file sharing networks. Notifications of copyright infringement are automatically sent to Internet Service Providers ("ISPs") via emails that show the date and time of infringement, the filename, IP address, and other information about the infringer. The ISPs forward these communications to their customers (the infringers). The infringers are notified that they could be liable for $150,000 in damages, but can click on a link and settle the matter with the copyright owner for $20 per infringement. The company's service provides ISPs a compliance tool for reducing copyright infringements on their networks, and the company splits the settlement proceeds 50/50 with the ISP. The company's system can currently send tens of millions of notices per month.
An analyst update on RIHT that includes a brief company overview, market and competition breakdown, recent events, outlook, analyst summary, valuation, and recommendation can be viewed by using the following link at no cost.
Copy and paste to browser may be required.
About Rightscorp, Inc.
Rightscorp (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.
About Small Cap IR
We make the connection between sophisticated investors and high quality micro - small cap companies. We are an issuer of reports written by research analysts who provide an educated opinion of the profiled company. They include stocks traded in theNYSE, NASDAQ , and OTCBB exchanges. For more information and services provided beyond this release please use contact information provided below.
This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.
Content is researched, written and reviewed on a best-effort basis. This report was prepared for informational purposes only. Affiliated parties involved with producing and issuing this report have not been compensated in any form by profiled company for this press release. A full disclaimer can be found by viewing the full analyst report. This document, article or report is written and authored by Charles I. Reed, Chartered Financial Analyst. However, we are only human and may make mistakes. If you notice any errors or omissions, please notify us below.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Source: Small Cap IR
SOURCE Small Cap IR