Rightscorp, Inc. (RIHT) is a provider of monetization services to ensure that artists and other holders of copyrighted Intellectual Property ("IP" are paid for their IP. The company has developed a proprietary patent-pending method for collecting payments from entities and individuals that illegally download copyrighted content. The company is focused on the infringement of copyrights for digital content such as books, games, movies, music, and software. The company identifies copyright infringers who are violating existing laws under the Digital Millennium Copyrights Act ("DMCA" by monitoring global Peer-to-Peer ("P2P" file sharing networks. Notifications of copyright infringement are automatically sent to Internet Service Providers ("ISPs" via emails that show the date and time of infringement, the filename, IP address, and other information about the infringer. The ISPs forward these communications to their customers (the infringers). The infringers are notified that they could be liable for $150,000 in damages, but can click on a link and settle the matter with the copyright owner for $20 per infringement. The company's service provides ISPs a compliance tool for reducing copyright infringements on their networks, and the company splits the settlement proceeds 50/50 with the ISP. The company's system can currently send tens of millions of notices per month.
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