Is This the End of Righthaven?
New submitter Serpents writes "The new management of MediaNews Group (owner of the Denver Post) decided to terminate their contract with Righthaven. So far, the infamous copyright troll has lost all the infringement lawsuits they've filed (although it seems they've managed to settle out of court in a dozen cases or so). Is it possible this will finally spell Righthaven's doom?"
The new CEO of MediaNews said that while the copyright issues are real, the involvement of Righthaven was "a dumb idea from the start."
30,000 trolls to go?
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Righthaven says it might have to file for bankruptcy
"Despite its backing by the billionaire Warren Stephens family, Las Vegas copyright lawsuit filer Righthaven LLC warned today it may have to file for bankruptcy because of a series of setbacks in its litigation campaign.
The warning came in an emergency request by Righthaven to a federal judge in Las Vegas that he stay his order that Righthaven pay $34,045 in legal fees to attorneys who successfully defended Kentucky message board poster Wayne Hoehn against a Righthaven lawsuit."
my karma will be here long after I'm gone
I thought there was some corporate shell relationship between Righthaven and MediaNews Group? So "terminating their contract" means what, exactly?
If you want news from today, you have to come back tomorrow.
Is it possible this will finally spell Righthaven's doom?
I don't think so. I think that the founders of Righthaven have taken one approach at mining the flaws in the copyright system that have become so apparent with the advent of the Internet. They were told, "You did not get the contract right." From Righthaven's perspective, this is nothing more nor less than new market information. They have learned one of the angles that does not work. Every startup has cases like this.
The next step for a startup is to analyze the failure, consider alternatives, and develop a new approach. Of course, that depends on whether they have the operating capital to continue. They may have it in their war chest. If they do not, they would have to seek a new round of funding.
Can Righthaven find some angels or VCs that would be interested? I think the answer to that is a clear, "Yes." Investors want a return on their money. Copyright enforcement has been made extremely lucrative through more than a decade of increasing strictness and penalties. That vein of cashflow exists, and is waiting to be mined. Righthaven has some existing experience in the field. Now Righthaven asks you for funding. Suppose that you believe that this kind of copyright enforcement is not wrong, or that you are antisocial; what would you decide?
Righthaven will exist for at least as long as Darl McBride. And in the unlikely event that Righthaven itself closes its doors, a clone (or several) will rise.
When the government creates revenue opportunities, they get mined. That is what our economic system is designed to do. The only sure solution, assuming one wishes to change the outcome, is to remove the revenue opportunity.
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...the lawyers are disbarred, the company closed, their offices destroyed, and the land salted with plutonium dust.
Righthaven Delenda Est!
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BMO