Revenues of Anti-Piracy Group SankAdded: Saturday, May 21st, 2016
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extratorrent.cc, 2016
Rightscorp has just turned in another set of dismal results, showing that its revenues collapsed 78% over the past three months versus the same period in 2015. As a result, the anti-piracy group recorded a net loss of $784,000. Apparently, pirates are becoming harder to track and threaten.
Rightscorp sends DMCA notices to Internet service providers asking them to forward messages to their pirating subscribers. The notices include demands for around $30 to settle a lawsuit. This model soon started developing into lawsuits against regular users and even ISPs – for example, Cox Communications. However, the anti-piracy group has never made a profit and 2015 was its worst year with a net loss of $3.5m. Moreover, this year is even worse: during Q1 2016, Rightscorp generated only $68,000 in revenue, against $308,000 in the same period in 2015, which is a fall by 78%.
Rightscorp believes that the fall is due to several reasons, including use of VPNs, proxies and other anonymous technologies by the pirates, less forwarding of its notices by ISPs, and shutting down of some file-sharing network infrastructure.
Falling revenues are a problem not only for Rightscorp, but also for its copyright holder partners, because it pays out half of the collected revenues to record companies. However, no one will be getting rich after Q1 2016, as Rightscorp accrued only $49,000 due to copyright holders. This decline is a pretty poor result, and Rightscorp struggles to maintain 5 major clients, which makes it just over $3,000 per month each. Besides, Rightscorp has lots of costs as well: for example, legal fees in Q1 2016 amounted to $127,000, wages and related charges topped $303,000, and other costs built to a grand total of $961,000. The result is clear: Rightscorp reported a net loss of $784,000 during the past three months.
Thanks to TorrentFreak for providing the source of the article.
Saturday, May 21st, 2016
|But what about the most powerful weapon they have BREIN?|
|posted by (2016-05-21 16:23:25)|
|IMO I think the main reason they are loosing so much money is that people have the testes to turn around and say "fine, take me to court..." because all anti piracy groups know to go to court is a huge risk on their behalf because if they loose they loose big time, then there are legal fees, etc etc, and a lot of judges are sick and tired of their bully tactics so they rule against them on principle.|
|posted by (2016-05-21 22:15:43)|
|last time i checked the dictionary a pirate was someone who steals something and sells it for a profit , of everyone i know who downloads stuff (and that's everyone in the world) lets get real here....doesn't do that, down load something , watch it and delete it , calling people pirates is a disgrace, we are citizens against getting ripped off by greedy corporations....besides most the stuff i download you can't buy anyway...|
|Well spoken gypsey23. I think the same way about this extortion being done by Anti Piracy organizations|
|@gypsey23 Pirates not knowing what piracy means is a disgrace is more accurate I think..|
1: an act of robbery on the high seas; also : an act resembling such robbery
2: robbery on the high seas
A : the unauthorized use of another's production, invention, or conception especially in infringement of a copyright
B : the illicit accessing of broadcast signals
So .. even if we weren't #3 and were robbing DVD/Bluray discs on the high seas... The selling is not an integral part of being a pirate.
|but selling and profiting makes one a bigger target and the courts will not be merciful. Big Papi makes no money and most of his uploads are already on YouTube, the biggest pirate site in the world...that's makes billions of dollars.|
|posted by (2016-05-22 22:15:35)|
|don't you just love youtube...|
|posted by (2016-05-23 09:25:28)|
|They pick peoples locks and do data heists themselves. That's even worse!!||
Most Popular Stories