Looks Like Winter Has Come for Rightscorp

Those who live as dragons die as dragons. Case in point:

Rightscorp Done Anti-Pirating? Stock Worthless, Website Gone
by Andy (via Torrentfreak)

For many years, anti-piracy outfit Rightscorp has been on a mission to turn piracy into profit.

The company monitors BitTorrent networks, captures IP addresses, then asks ISPs to forward cash settlement demands to its subscribers.

While some companies in the same niche have “gone big” by demanding hundreds or even thousands of dollars for each alleged infringement, Rightscorp deployed a “speeding fine” model. To make Rightscorp go away, the company regularly demanded settlements of between $20 and $30, shared with rightsholders 50/50.

These, of course, mounted up. According to a set of financial results covering the three months ended September 30, 2017, Rightscorp had closed more than 230,000 alleged cases of infringement.

What happened after that is unclear, as the company opted not to report any further financial details in public. If it had, they probably wouldn’t have made pretty reading.

During the nine months ended September 30, 2017, Rightscorp recorded a net loss of $1,448,899. During the same period a year earlier, it lost $1,380,698. As a result, the company had just $3,147 left in cash at the end of September 2017.

Against the odds, however, Rightscorp appears to have kept going, although what that means on an operational level is anyone’s guess. Now, however, the writing appears to be on the wall.

A cursory visit to Rightscorp’s website today doesn’t yield any detailed information. Or, indeed, any information at all….

Read it all at torrentfreak.com