Rightscorp Increases Revenue by 282% in Q3

Rightscorp, the copyright monetization company in Santa Monica has just increased the quantity of Internet Service Providers helping them combat illegal downloading of copyrighted material. At the beginning of the year, they had about 150 ISP participating in their cause, now they have over 200. This demonstrates a 33% growth in ISP participation for the company. Growth in ISP participation is a fundamental metric for company growth because an additional ISP represents thousands of potential copyright infringements that provide revenue for the company. Currently, Rightscorp represents about 15% of the Internet Service Providers in the country.

Copyright infringers take up a lot of bandwidth from their Internet Service Provider, so they have an incentive to fight copyright infringement using Rightscorp’s digital loss prevention technology. Rightscorp represents over 1.5 million copyright holders, partnering with platinum recording artists, major motion picture studios, award winning movies and authors, the country’s top TV shows, and many more. The company has closed well over 130,000 copyright infringement cases.

At the end of September, the company announced their third quarter earning results. Their three major metrics for growth are ISP participation, settlements closed and quantity of copyrights. The company announced that their year-over-year revenue growth was equal to 282%. The company was able to increase the amount of copyrights that their company held from 21,000 last year to 160,000 this year. The company closed 130,000 cases of copyright infringement cases, which was up from 75,000 last year. Considering the aforementioned increase in ISP participation, the company has well increased their three metrics used for revenue growth. With continued hard work and dedication to provide fair justice for copyright holders, Rightscorp is hoping to build on their most recent success and continue to grow.

Mark Weatherly on Cutting Off Add Revenue to Illegal Downloading Sites

Christopher Sabec on Online PiracyIn a recent article by Music Week, The Prime Minister’s IP Advisor Mark Weatherly believes that ‘cutting off ad revenue to illegal sites is key to the recent piracy battle.’ In a new recent report, Weatherly suggests a number of actions that need to take place by government rights holders, ISP’s and search companies. Some of his recommendations include: increasing funding for the police intellectual property crime unit (PIPCU), exploring the advertising monitor software to ensure compliance of advertising codes, and lastly, requesting the Intellectual Property Office (IPO) look into what additional legislation is necessary to require pre-emptive action by advertisers and payment providers. According to Weatherly: “Following the money is the key to shutting down the vast majority of websites that host illegal material.” The recent report highlights a number of issues surrounding the piracy debate and Weatherley hopes it will spark discussion in the UK and other parts of the world.

Weatherly goes on to comment that since he is the Intellectual Property Advisor to the Prime Minister, he feels like it is his role to shed light to this issue and how damaging it can be, to even the UK economy. Online piracy is a form of stealing not only from the music makers, but also the country that they owe taxes to.  Steve Head, the head of economic crime at City of London Police states that he welcomes the points noted in Weatherley’s report and agrees with him in many ways. He goes on to say, “It is my firm belief that we will only make truly significant inroads into reducing this type of criminality by having a credible and effective police deterrent.” Time will tell if the UK and other countries put an end to online piracy.

This blog post is based off of this music week article posted by the Trichordist blog.