Intellectual property is the backbone of most innovative companies since it keeps its secret sauce under a fair degree of protection. However, at the same time, it ought to be noted that those entities which are interested in monetizing their intellectual can also do so, and therein lies the importance of a company like Rightscorp Inc (OTCMKTS:RIHT).
Trading Data
On Friday, RIHT stock soared 22.27% to $0.0269 with more than 544K shares, compared to its average volume of 48K shares. The stock moved within a range of $0.0250 – 0.0282 after opening trade at $0.0250.
About The Company
In a world connected through the internet, there is always the chance of copyright infringement but Righscorp helps entities in protecting through its digital loss prevention technology. It ought to be noted that the technology is still at a patent-pending stage, but it cannot be denied that the product could well prove to be a highly innovative one. Technology is concerned with things like software, games, music, and movies among others. It also makes sure that those who are the original creators get due remuneration for their creations.
Rightscorp, Inc. Signs Another Contract for Litigation Services
The technology first identifies any case of copyright infringement from anyone or any organization and then offers the offending parties the chance to settle the issue with a small payment. It’s a significantly quicker process and has the chance of being more successful than the provisions as laid down in the Digital Millennium Copyrights Act. One of the most remarkable things to consider in this case is the fact that as much as 24% of the entire traffic on the internet consists of copyrighted content that is made available without any permission. The technology that has been created by Rightscorp may help in a big way in bringing about a degree of change.
The company is currently working in an industry that could eventually be worth as much as $2.3 billion and it has already managed to monetize a lot of copyrighted media titles thanks to the relationships it has built up with leaders within the industry. The company’s stock was on the move this past Friday after it announced that it had signed a litigation initiative with the company BMG back on June 16, 2002. That was a major new development and worked as a major catalyst as the stock ended up with gains of as much as 22%.
Technical Data
RIHT stock is trading above the 10-Day and 20-Day Moving averages of $0.0197 and $0.0217 respectively. However, the stock is trading below the 200-Day moving average of $0.0294.
