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Copyright Trolls Rightscorp Are Teetering On The Verge Of Bankruptcy (arstechnica.com) 94

JustAnotherOldGuy writes: Rightscorp, the copyright trolls whose business model was convincing ISPs to freeze their customers' Internet access in response to unsubstantiated copyright accusations, and then ransom those connections back for $20 each, will be out of money by the end of this quarter. Despite a massive courtroom win against Cox Cable in 2015 (and a counterbalancing gigantic fine for its robocalls), the company couldn't win a technology cat-and-mouse game against its prey -- the wily file-sharers who switched to VPNs and other anonymizing technologies. For the moment, the company is teetering on the brink of financial collapse. It raised $500,000 on February 22, the company reported, but it needs another $1 million to stay afloat. It has only enough cash on hand to continue "into the second quarter of 2016," according to the company's latest financial report.
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Copyright Trolls Rightscorp Are Teetering On The Verge Of Bankruptcy

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  • by pushing-robot ( 1037830 ) on Tuesday May 17, 2016 @10:38PM (#52132193)

    No, I don't think I have a violin small enough for this.

  • And nothing of value was lost.
  • Too many secrets
  • Party at my place when they finally go under. :)

  • by Cruciform ( 42896 ) on Tuesday May 17, 2016 @11:31PM (#52132333) Homepage

    *downloads the Simpsons from KAT*

    *Plays loops of Nelson saying "HA HA" to them via robocall.*

  • by Opportunist ( 166417 ) on Wednesday May 18, 2016 @02:06AM (#52132681)

    Because that's the only thing that makes sense with their underhanded practices. Anyone with half a clue would never put his money or personal affects behind something like that, because these scammers are basically setting themselves up for a huge lawsuit. What they do is fling poop and see what sticks and how far they can take it before they get slapped left and right. And surprisingly enough, so far there has been rather little slapping.

    I fully expect this to be some kind of test balloon, with the rights holder themselves surprised it stayed afloat this long. The idea was to create a shell that goes about and violates any and all limitations of copyright law to see what can be done before someone cries bloody murder. Once the company gets countersued and there is a judge with enough sanity left to actually dock them the fine they deserve, the shell goes 'poof' and the next one emerges.

    That's likely also why nobody ever bothered to drag them to court over their practices, knowing that it is futile, even if you win you'll be left with the expenses and nothing to compensate it. That shell has no money whatsoever. Never had, never will. Any money they actually make (aside of the 20 bucks pebbles) will instantly leave that husk.

    Such constructs are very useful when you want to ignore laws, to say the least...

    • by Anonymous Coward

      I know I'm late for the discussion, but I thought I'd add something that might show another side to what is mostly a bunch of generalizations.

      One copyright owner hired a firm I worked for to handle filesharing litigation for a couple of movies in a particular judicial district. We took the work on the condition that we could keep everything beyond reproach ethically, and the copyright owner agreed. They put it this way: we know our copyright is being infringed and this is the only way to do anything about

  • I accept the possibility that they are performing an important service, protecting IP rights, but the manner in which they have done so is appalling; stomping on rights and IPs.
  • Let's get together and finish pushing them over that cliff...

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