June 25, 2011

A Joint Venture That Aims to Prevent Illegal Downloads of Copyrighted Material

Cybermesh International Corp. along with Irvine based ContentX Technologies will be partnering up to create a new software venture which they claim is going to help companies tackle the problem of illegal downloading of copyrighted material. Cybermesh International deals in technologies that aid the entertainment, media and telecommunications industry in online distribution, analysis, and revenue protection will be putting in $ 1 million from their side as a contribution to the working capital of the joint venture.

On the other hand, ContentX that develops security, internet intelligence and monetization programs will be providing the required technology for the new venture. The revenue gained from this venture will be shared by both the companies on a 50 - 50 basis as well as ContentX will be receiving shares worth 2.17 million from the Cybermesh restricted common stock. Both the companies said that this new joint venture will license software that is designed to recapture royalties for unauthorized downloads of copyrighted content on the internet as well as various other internet security, online marketing and social media endeavors.

ContentX said that they have come up with a friendly version of a program that will track down all the users who are downloading entertainment related content from the net in an illegal fashion and convert them to paying customers. The software would identify the copyright infringers, send them a notification for illegal use and offer a system to collect payments on behalf of the actual owners of the content at zero damages to the studios or the copyright owners.

Read more: http://technorati.com/technology/it/article/a-joint-venture-that-aims-to/#ixzz1QI6qb3ys

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