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Rightscorp: Revenue From Piracy Settlements Down 48% in 2017

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Rightscorp: Revenue From Piracy Settlements Down 48% in 2017

Postby MrFredPFL » Sun Nov 26, 2017 5:56 pm

Story : https://torrentfreak.com/rightscorp-revenue-from-piracy-settlements-down-48-in-2





Anti-piracy outfit Rightscorp has filed its latest set of financial results and they reveal yet more misery for the company. Its traditional revenue stream, comprised of cash settlements from alleged BitTorrent pirates, is down 48% on the same period last year. This contributes to the company turning in net losses of $1.45 million for the first nine months of the year. But could value lie elsewhere?

For the past several years, anti-piracy outfit Rightscorp has been trying to turn piracy into profit. The company monitors BitTorrent networks, captures IP addresses, then attempts to force ISPs to forward cash settlement demands to its subscribers.

Unlike other companies operating in the same area, Rightscorp has adopted a “speeding fine” type model, where it asks for $20 to $30 to make a supposed lawsuit go away, instead of the many hundreds demanded by its rivals. To date, this has resulted in the company closing more than 230,000 cases of infringement.

But despite the high numbers, the company doesn’t seem to be able to make it pay. Rightscorp’s latest set of financial results covering the three months ended September 30, 2017, show how bad things have got on the settlement front.







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