Rightscorp, Inc. Signs Another Contract for Litigation Services

Rhea-AI Summary

Rightscorp, Inc. (OTC PINK:RIHT) announced on June 24, 2022, the signing of a new contract with BMG for a litigation initiative, further establishing its operational compliance since September 2021. The company has successfully reduced its debt by $1.5 million and reported a series of litigation victories, underscoring its expertise. Upcoming developments are anticipated, including an investor update. Notably, Rightscorp operates within a market with a $2.3 billion opportunity related to copyright infringement monetization.

Positive

• Signed a contract with BMG for litigation services.
• Achieved OTC compliance since September 2021.
• Reduced debt by $1.5 million.
• Successful litigation victories supporting technical expertise.
• Pursuing a $2.3 billion market opportunity in copyright infringement.

Negative

• None.

CARSON CITY, NV / ACCESSWIRE / June 24, 2022 / Rightscorp, Inc. (A Nevada Corporation) (OTC PINK:RIHT);

We are pleased to announce Rightscorp, Inc. is alive and well. In particular, we signed another contract with BMG for a litigation initiative on June 16^th, 2022. Combined with this contract, Rightscorp has become OTC compliant since September 2021 along with some other administrative developments to include a $1.5 million reduction of debt on our balance sheet.

We have also had a successful string of litigation victories in the past several months yet again proving our resilience and accuracies related to our technical expertise.

There are a handful of other developments we will look forward to in the coming weeks along with a long overdue investor update. The last couple of years have been met with delays starting with Covid-19, however, we believe that our momentum has been worth the wait.

Cecil Bond Kyte

CEO

About

Rightscorp (OTC PINK:RIHT) monetizes copyrighted Intellectual Property (IP). The Company's patent pending digital loss prevention technology focuses on the infringement of digital content such as music, movies, software, and games and ensures that owners and creators are rightfully paid for their IP. Rightscorp implements existing laws to solve copyright infringements by collecting payments from illegal file sharing activities via notifications sent through Internet Service Providers (ISPs). The Company's technology identifies copyright infringers, who are offered a reasonable settlement option when compared to the legal liability defined in the Digital Millennium Copyrights Act (DMCA). Based on the fact that 24% of all internet traffic is used to distribute copyrighted content without permission, Rightscorp is pursuing an estimated $2.3 billion opportunity and has monetized major media titles through relationships with industry leaders.

Safe Harbor Statement

This shareholder update contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the shareholder update, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this shareholder update.

CONTACT:
Markus Rainak
775-881-8091
markusrainak@rightscorp.com

SOURCE: Rightscorp, Inc.

View source version on accesswire.com:
https://www.accesswire.com/706459/Rightscorp-Inc-Signs-Another-Contract-for-Litigation-Services

FAQ

What recent contract did Rightscorp (RIHT) sign?

Rightscorp signed a contract with BMG on June 16, 2022, for a litigation initiative.

How much debt has Rightscorp (RIHT) reduced?

Rightscorp has reduced its debt by $1.5 million.

What market opportunity is Rightscorp (RIHT) pursuing?

Rightscorp is pursuing an estimated $2.3 billion opportunity related to copyright infringement.

When did Rightscorp (RIHT) achieve OTC compliance?

Rightscorp achieved OTC compliance in September 2021.

What recent achievements has Rightscorp (RIHT) reported?

Rightscorp has reported a successful string of litigation victories.