Rightscorp. Names Cecil Bond Kyte CFO
June 1, 2015 at 3:17 PM (PT)
RIGHTSCORP has appointed CECIL BOND KYTE as its new CFO. BOND previously served as CEO of SAVE THE WORLD AIR INC., a CALIFORNIA-based publically traded energy technology company.
"We are pleased to welcome CECIL on board and believe his public company background and his fundamental understanding of the value of intellectual property make him the ideal candidate to complement our management team," RIGHTSCORP CEO CHRISTOPHER SABEC said. "CECIL understands firsthand the importance of protecting content creators and their copyrights. His addition to our team underscores our ability to attract top talent and validates our competitive position."
"RIGHTSCORP is at the forefront of insuring the right to property, which is fundamental to the formation of this country,” KYTE said. “Copyrighted content is the property of its creators and they have the right to determine who should be allowed to distribute that content and for what price. This Company stands for assuring the American dream for future generations and I am excited to begin working with the team."
"The importance of copyright protection becomes increasingly obvious in a digital world,” SABEC added. “RIAA reports that in the decade since peer-to-peer (P2P) file-sharing site Napster emerged in 1999, music sales in the U.S. have dropped 47%, from $14.6 billion to $7.7 billion. The MPAA (MOTION PICTURE ASSOCIATION OF AMERICA) estimates that piracy costs studios over $6 billion each year. RIGHTSCORP is committed to protecting our clients' IP and assisting them in monetizing their content through the representation of more than 1.5 million copyrights."