Rightscorp, Inc. (OTCQB: RIHT) is a 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, according to the company’s website (see here: www.Rightscorp.com). SNNLive spoke with Christopher Sabec, CEO of Rightscorp, Inc. at the Impact Investor Conference 2015 in Minneapolis, MN.
Mr. Sabec begins the interview with a brief overview of the company, “Rightscorp is a copyright monetization company. We own and control our own technology [that] patrols the Internet 24/7 for instances of infringement of our clients copyrights. We help reign in the piracy problem that’s vexing the content industry.” He then discusses the company’s business model.
As Mr. Sabec explains, piracy is a big problem, “It’s a massive problem. The music business since 1999 has been cut in half. It’s gone from $28 billion worldwide to $14 billion worldwide…all the companies are laying people off and a big part of that is piracy.” He explains that the company’s primary focus is on the domestic piracy problem, who the company’s typical clients are, which, as he states, can be, “any copyright holder.”
“We only actually go after ‘uploaders’. So people that are offering the content available for free, that’s the people that we send notices to, and we ask them politely to stop and pay $20 for the violation,” he explains when asked how the Company goes after people infringing on their clients’ content.
Mr. Sabec continues with why Rightscorp doesn’t go after streaming services like Pandora or Spotify because they pay the artists to stream their content, who are the culprits illegally uploading the content, the Company’s expansion plan, how the Company represents foreign music company’s US counterparts, as well as independent film makers, and Rightscorp’s competition.
For more information about Rightscorp, Inc., go to: www.Rightscorp.com
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