SANTA MONICA, Calif., March 4, 2014 (GLOBE NEWSWIRE) -- Rightscorp (OTCQB:RIHT), the leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP), today announced that it has settled more than 60,000 cases of copyright infringement to date. The Company's monetization service successfully collected payments from illegal distributors through notifications sent by their Internet Service Providers (ISPs) on digital assets including music, films, books, video games and software.
"To date, this makes Rightscorp the most effective solution for the multi-billion dollar file-sharing problem," said Christopher Sabec, CEO of Rightscorp. "This fact demonstrates not only that our solution is monetizing copyrights for rights holders but is also is an effective tool in helping ISPs maintain compliance with the Digital Millennium Copyright Act."
The Company currently represents more than 1,000,000 copyrights and has partnered with major motion picture studios, numerous Platinum recording artists and songwriters, Academy Award winning films, top TV shows and many others.
The Recording Industry Association of America (RIAA) states that since peer-to-peer (P2P) file-sharing emerged in 1999, music sales in the U.S. have dropped 53%, from $14.6 billion to $7.0 billion in 2012. According to the RIAA, approximately 30 billion songs were illegally downloaded on file-sharing networks between 2004 and 2009. A study conducted by the Motion Picture Association of America (MPAA) based on over 20,000 surveys of consumers conducted in 22 countries, found that piracy was costing movie studios $6.1 billion a year.
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, 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 24% 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.rightscorpinc.com/
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