American Films Subsidiary Signs Milestone Data Monitoring Contract
Rhea-AI Summary
American Films, Inc. (OTC PINK:AMFL) announced that its subsidiary, Facterra LLC, has signed a significant anti-piracy service contract with a major copyright holder in the film and television sector. This contract enables Facterra to combat digital piracy by tracking copyright infringement on global BitTorrent networks and issuing necessary DMCA notices. CEO Geoff Lee highlighted that this milestone contract is expected to create long-term, sustainable revenue, enhancing shareholder value while fulfilling their mission to support copyright holders worldwide.
Positive
- Signing a major anti-piracy service contract indicating potential long-term revenue generation.
- Facterra's role in enforcing copyright protection aligns with industry needs, enhancing its market position.
Negative
- None.
News Market Reaction – AMFL
In the trading session that priced this news, AMFL gained 67.05%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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BAY HARBOR ISLANDS, FL / ACCESSWIRE / February 2, 2023 / American Films, Inc.'s (OTC PINK:AMFL) wholly-owned subsidiary, Facterra LLC ("Facterra"), signed a major anti-piracy service contract supporting a significant copyright holder in the film and television industry representing thousands of titles. Facterra helps its clients combat digital piracy by identifying and recording data associated with the illegal infringement of their copyrighted content on global BitTorrent networks and generating and issuing essential Digital Millennium Copyright Act ("DMCA") or copyright infringement notices.
"As advocates for copyright holders across the globe, AFI is pleased to announce this milestone service contract for our Facterra division," said Geoff Lee, President and CEO of AFI. "This contract provides a significant opportunity for the company to consistently generate revenue over the long-term, creating sustainable value for our shareholders while reliably serving clients and delivering on our core mission to support the fight against global piracy," added Lee.
About American Films, Inc.
American Films owns, develops, and acquires intellectual property, which it seeks to monetize at higher rates through proprietary technology, rights enforcement, and asset digitization. Its unique proprietary processes and technology include FACTERRA, a web-based evidence gathering program that identifies instances of copyright infringement and allows American Films and others to enforce intellectual property rights. American Films supports the creative process and protects intellectual property in the film and music industries. For more information, visit https://americanfilms.us/.
American Films Media Contacts
Jamie Warren
info@americanfilms.us
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SOURCE: American Films, Inc.
View source version on accesswire.com:
https://www.accesswire.com/737751/American-Films-Subsidiary-Signs-Milestone-Data-Monitoring-Contract