We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Rightscorp Inc (PK) | USOTC:RIHT | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0002 | -1.94% | 0.0101 | 0.0084 | 0.0285 | 0.0101 | 0.0101 | 0.0101 | 75,000 | 21:07:42 |
Rightscorp Applauds $25 Million Judgment Against Cox Communications
ISP Held Liable for the Infringing Activity of Its Subscribers
SANTA MONICA, CA-(Marketwired - Aug 11, 2016) - Rightscorp (OTCQB: RIHT), a leading provider of data analytics and litigation services to support artists and owners of copyrighted property, praises Judge Liam O'Grady's decision in the Eastern District of Virginia entering $25 Million final judgment against Cox Communications in favor of BMG Rights Management.
For nearly five years, Rightscorp has warned US internet service providers (ISPs) that they risk of incurring huge liabilities if they fail to implement and enforce policies under which they terminate the accounts of their subscribers who repeatedly infringe copyrights. Over that time, many ISPs have taken the position that it was simply impossible for an ISP to be held liable for its subscribers' actions - even when the ISP had been put on notice of massive infringements and supplied with detailed evidence. There had never been a judicial decision holding an ISP liable. That all changed on Monday, when the first court to decide the issue held that an ISP can, indeed, be liable for the infringing activity of its subscribers.
"Although Rightscorp was not a party in this case, we are delighted with the outcome. The Federal District Court declared the liability of ISPs to be precisely what Rightscorp has been saying it is for years," said Rightscorp CEO Christopher Sabec. "With this final Federal Court ruling, not only has our position on ISP liability been confirmed, but our Company's technology and processes for collecting and documenting evidence of peer-to-peer copyright infringement on ISP networks has been validated as well."
Sabec added, "As we have consistently told ISPs, we stand ready to assist those ISPs that desire to work in a constructive way with the copyright community in order to reduce the massive infringements that occur every day on their networks. But our company has also amassed a vast amount of data documenting infringements that have occurred over the past five years on the network of essentially every ISP in the country. That data will be made available to copyright holders that wish to enforce their rights against ISPs that are not inclined toward a cooperative solution." Sabec concluded by saying, "Whether this ruling results in cooperative initiatives between ISPs and copyright holders or further litigation between them, our Company expects it will be part of the process. We are proud of the value that we have brought to our shareholders by assisting in the effort that produced Monday's ruling."
About Rightscorp, Inc.
Rightscorp (RIHT) is a leading provider of data analytics, and litigation 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.http://www.rightscorp.com/
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.
Contact Information
For further investor and media information contact:Christopher SabecCEORightscorp, Inc.310.751.7510investors@rightscorp.com
1 Year Rightscorp (PK) Chart |
1 Month Rightscorp (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions