Rightscorp, a provider of monetization services for artists and holders of copyrighted Intellectual Property (IP), announced that it plans to expand its copyright monetization services into the consumer book publishing market. Rightscorp will soon represent authors and publishing companies by monitoring and monetizing their digital assets against copyright infringement and illegal downloading.
The Association of American Publishers reported that revenues including both online and physical book sales were $15 billion in 2012. The Los Angeles Times placed print sales at $12 billion in 2012 and also $12 billion in 2011. Regardless of the ebook's growth over the last few years, the industry for physical books remains very strong.
Rightscorp currently represents more than 1,000,000 copyrights with more than 40,000 copyrights in its system. Rightscorp has already received settlements from subscribers of more than 50 ISPs and closed over 60,000 cases of copyright infringement.