|By PR Newswire||
|February 24, 2014 02:00 PM EST||
NEW YORK, Feb. 24, 2014 /PRNewswire/ -- Rightscorp, Inc. (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 then offered a reasonable settlement option when compared to the legal liability defined in the Digital Millennium Copyrights Act (DMCA).
This business model has proven to be very successful. The company has at present, closed over 50,000 cases of copyright infringement working in conjunction with over 50 Internet Service Providers (ISP)'s, becoming the most successful player in the industry that is monetizing IP. Rightscorp also has over 40,000 copyrights active in their system and have recently received approval to collect on 1 million additional copyrights.
Rightscorp reported revenues for its fourth quarter ended December 31, 2013 that increased 195% over the same period last year. Revenues for the full year for 2013 were $324,000, which was 239% higher than reported for 2012. The growth in revenues was driven by the company's ability to increase the amount of copyrights in its automated system by 135%, from approximately 17,000 in the fourth quarter of 2012 to more than 40,000 in the fourth quarter of 2013.
A comprehensive analyst report which entails key features of the global telecommunication services industry, global piracy statistics, projected growth model, market potential, recent financial performance, value of the company, analyst summary, price target and analyst recommendation can be viewed in its entirety by using the link below. There is no cost, email entry or obligation required to view this report: http://smallcapir.com/rightscorp-inc-otcqb-riht-analyst-report/ copy and paste to browser may be required.
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