Company's service combats Aurous' illegal song sharing
SANTA MONICA, Calif., Sept. 25, 2015 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), a leading provider of data and analytic services to support artists and owners of copyrighted property, announced that it has the technology to combat Aurous' music streaming app and website which is set to launch on October 10th. Aurous is built on similar technology to Popcorn Time aka "Netflix for pirates", a software application which has become popular for illegally streaming movies and TV shows. It has an easy-to-use interface like Spotify, but the music streams from the millions of users on the BitTorrent peer-to-peer file sharing network.
Aurous' technology will be unaffected by take-down notices, site blocking and will not use Pirate Bay or any domain names that can be blocked. It will distribute the music search metadata via the peer-to-peer networks, allowing the ability to stream large amounts of free music illegally and providing a very easy-to-use interface to the BitTorrent network.
Christopher Sabec, CEO of Rightscorp stated, "There is a lot of concern on the launch of the Aurous technology as it directly targets the music industry. Due to music piracy, the U.S. economy loses $12.5 billion in total output annually, while streaming has not come close to replacing that revenue. The Aurous app allows for access to a large amount of free music, acting like a Spotify, however, offering zero payments to the rightsholder. Our mission is to educate the industry and protect creators and owners of content on their rights to determine how their content is distributed. Rightscorp's ability to get individual seeders to stop seeding will be the only scalable way to stop this next explosion of free music."
In August, the Company launched its Popcorn Time Mitigation (PTM) service for broadcasters and content owners who want to prevent unauthorized rebroadcasts of their content via Popcorn Time.
About Rightscorp, Inc.
Rightscorp (RIHT) is a leading provider of data and analytic services to support artists and owners of copyrighted Intellectual Property (IP). The Company's patent pending digital loss prevention technology focuses on the infringement of rights to digital content such as music, movies, software, books and games and ensures that the rights of owners and creators are protected. Rightscorp works closely with its clients to develop programs of education and notice, and as necessary to pursue copyright infringers for their illegal file sharing activities via notifications sent through Internet Service Providers (ISPs). The Company's technology identifies copyright infringers, who are provided information about copyrights and the importance of Intellectual Property and offered a reasonable opportunity to terminate their activities and pay a nominal settlement option that is generally a fraction of the statutory minimum in an effort to avoid the need for expensive litigation. With minimum statutory penalties of $750 and up to $150,000 per infringement, Rightscorp's technology and process of notice allows all parties to efficiently and economically address copyright infringement without the costs and burdens of litigation. Based on the fact that 22% of all Internet traffic is used to distribute copyrighted content without permission or compensation to the creators, Rightscorp's technology and process provides one of the best and most cost efficient means of addressing this issue for both the artists and those who have infringed their works.
Safe Harbor Statement
This press release may include forward-looking statements. All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding the Company's anticipated financial position, business strategy and plans and objectives of management of the Company for future operations, are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors not limited to, general economic and business conditions, competitive factors, changes in business strategy or development plans, the ability to attract and retain qualified personnel, and changes in legal and regulatory requirements. Such forward-looking statements reflect the current views of the Company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this paragraph.
For further investor and media information contact:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rightscorp-provides-solution-to-combat-new-peer-to-peer-streaming-app-for-music-300148694.html
SOURCE Rightscorp, Inc.