From Torrent Freak:
There are millions of Internet users grabbing content from file-sharing networks each and every day. These mainly BitTorrent bandits cost copyright holders millions in lost revenues but with a little trickery it’s possible to make them pay.
We’re paraphrasing, but this is the basic marketing message of anti-piracy outfit Rightscorp, the company that tracks down file-sharers and demands up to $30 compensation to make supposed lawsuits go away.
It’s meant to be a profitable little number but the company simply cannot make it work. After going public two years ago, the company lost $3.4 million in 2014. In the first quarter of 2015, things hadn’t improved. While generating revenues of $307,904 in the first three months of the year, Rightscorp still managed to lose $929,768.
Now the company has published its results for Q2 2015 and the financial picture is bleaker than ever before. First up (and despite claiming to represent increasing numbers of clients and copyrights) Rightscorp revenues are down.
In the three months ended June 30, the total amount Rightscorp was able to squeeze out of millions of file-sharers was down to just $233,816. That represents a 7% decrease when compared to the same period in 2014 but a 24% drop in revenues when compared to Q1 2015. The company blames the revenue decrease on the “disproportionate amount of time” it spent “supporting clients in legal matters”.
Of course, the selling point of the entire Rightscorp operation is to monetize file-sharing by generating revenue for copyright holders. However,…