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Acceleration of Process for Adding Content to Proprietary Copyright Monetization System is Key Driver For Continued Growth
SANTA MONICA, Calif., Feb. 20, 2014 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), the leading provider of monetization services for artists and holders of copyrighted Intellectual Property (IP), today announced that it has increased the rate that it can ingest copyrights into its monetization system by 400% in January 2014, compared to the rate for the prior quarter. This directly impacts the Company's growth potential as it permits a greater number of copyrights to be added to Rightscorp's monetization system every month.
Rightscorp recently announced that it had crossed the threshold of having authorization to monetize over 1 million copyrights on behalf of its clients. In hitting this milestone, the Company continues to invest in increasing its growth metrics, including accelerating the process by which it adds or ingests content into its system.
"The additional equity investment we received through our going public transaction enabled the Company to further automate our processes for ingesting copyrights," comments Rightscorp CEO, Christopher Sabec. "This directly enhances potential for continued revenue growth as we have increased the number of new copyrights by 400%. We expect this trend to continue in the coming months as we implement further improvements in our operations."
Mr. Sabec adds, "Today, we have more than 40,000 copyrights in our system. With authorization to monetize over 1,000,000 copyrights, this means we can increase content in our system by 25X from current levels without any new contracts. Additionally, we are signing up more content everyday with asset owners that see the value in our monetization model. The current number of copyrights that we have in our system represents only 4% of what we already have under contract so further automation of system and processes will allow us to more rapidly increase the number of copyrights we can actually collect on using our proprietary Rightscorp technology. With every addition of copyright automation, we increase our potential to service our clients and deliver to investors a business with scalable high margins and recurring revenue streams."
"We have very stringent quality control process. The ingestion process involves identifying all of the versions of compilations that include the new copyrights that are available on file sharing networks and confirming that those compilations contain the exact copyrights we have been hired to monitor. Every month, we add new capabilities to the system to increase the rate that this can be accomplished."
The Company currently represents more than 1,000,000 copyrights including over 40,000 active copyrights, and has partnered with major motion picture studios, numerous Platinum recording artists, Academy Award winning films, top TV shows and many others. Rightscorp has already received settlements from subscribers of more than 50 ISPs and closed over 50,000 cases of copyright infringement to date.
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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