Rightscorp bills pirates for $20 a song, burns more money than ever

Los Angeles-based Rightscorp, Inc. launched in 2011, with the goal of helping big content companies reduce piracy on peer-to-peer networks. The basic idea is that rather than using costly lawsuits, if ISPs forward Rightscorp’s sternly-worded emails, piratical users could be brought to a site where they could settle for the sum of $20 per infringed work […] Rightscorp lost a staggering $3.4 million over the course of 2014. The company earned $930,729 in revenue, but that was outweighed by $4.3 million in expenses. One of those expenses is fees paid to its copyright holder clients, who get paid 50 percent of everything Rightscorp pulls in. In all, the company says it’s closed 180,000 cases of infringement. – Joe Mullin, Ars Technica
(Full Story: http://ift.tt/1BBJBWl )