Rightscorp bills pirates for $20 a song, burns more money than ever

Found on Ars Technica on Tuesday, 10 March 2015
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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.

"Rightscorp is recognized as a pioneer in the fight against piracy," said CEO Christopher Sabec. "We've established the company as one of the only viable solutions to the multi-billion dollar problem of peer-to-peer piracy."

Viable solution? When you burn more money than you earn, your company isn't a solution but a problem.