2013 seems to have been a good year for Rightscorp, Inc
., which in a recently-received press release describes itself as "a leading provider of monetization services for artists and holders of copyrighted Intellectual Property". The company reported revenues for its fourth quarter which, at $155,381 were up 194% over $52,739 in the same period last year. Revenues for the full year 2013 were $324,000, up a remarkable 236% from $95,565 for the full year 2012. Explains the company:
"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 2012 to more than 40,000 in the fourth quarter of 2013".
According to Robert Steele, COO:
“... We currently have over 1 million copyrights under contract and we are loading thousands more every month. Our operational model is proving its ability to scale into a large and successful business as we help collect on behalf of artists and copyright holders. The increase of our ingestion rate will be our primary focus as it is a direct revenue driver in hand for 2014. We can expect our $750,000 annual revenue run rate to accelerate as we are at 4% of our copyrights under contract ingested. Additionally, increases in the number of ISP’s forwarding our notices should further drive our growth rate and increase revenues.
“The metrics are clear. As we continue to ramp up our copyright inventory, we expect our revenues to increase proportionally. To date, we have closed on more than 50,000 cases of copyright infringements, and we have paid the owners of those copyrights for their work. We are currently in talks with the owners of millions of additional copyrights. Rightscorp is pleased to offer a technology and an operational system that enables the creators and owners of intellectual property to be rightfully compensated for the use of their assets.”
This blogger notes that neither IP Finance nor the copyright-oriented 1709 Blog has featured Rightscorp before and he is also slightly embarrassed to confess that he cannot recall having come across it before. Do any readers have experiences of it, whether from the perspective of rights owners or from that of being on the receiving end of its attentions? If so, do let us know.
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