Company Receives Approval on its Core Monitoring & Monetization Technology by Australian Patent Office, Strengthening its Global Presence
SANTA MONICA, Calif., Oct. 7, 2015 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), a leading provider of data and analytic services to support artists and owners of copyrighted property, announced that the Australian Commissioner of Patents has granted Australian Patent 2012236069, for Rightscorp's "System to Identify Multiple Copyright Infringements". The patent will expire April 2, 2032.
This marks Rightscorp's first patent in Australia. Due to record levels of rampant piracy, the Australian Senate recently passed an anti-piracy website-blocking bill to help rights holders deter online piracy of film and TV shows. In 2014, Australia's Attorney-General George Brandis stated that Australia was the "worst nation for piracy on the planet."
Christopher Sabec, CEO of Rightscorp said, "There is a tremendous need in Australia for content protection. Our proven technology is effective, making it an ideal solution for artists and copyright holders in every region. Australia has been plagued by infringement over the years and is now taking key initiatives to curb piracy. We believe our technology will be an invaluable asset to the Australian entertainment industry."
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.
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SOURCE Rightscorp, Inc.