The RIAA-lite strategy to getting piracy off the Internet isn’t working out.
Los Angeles-based Rightscorp 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.
Newly released earnings numbers show that Rightscorp is contacting more people than ever before, fining more people for infringement than ever before, working with more ISPs than ever before—and yet is reporting record losses. Its stock is near all-time lows at about $0.11 per share.
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