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.
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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.
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Source: Small Cap IR
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