Risan was a securities trader during his career. Currently, he is CEO of and its subsidiary, BlueBeat Music, and chairman of .
Media Rights Technologies, Inc.
In 2001 Risan and his business partner, Bianca Soros, founded Media Rights Technologies, Inc. to develop intellectual property and technologies that would enable secure transmission, protection and monetization of digital content within a computer network. In 1999 Risan funded a team of 16 software engineers to develop technology that would protect record companies, Hollywood studios, and other digital content owners against piracy and ensure accurate monetization of their content. In 2001 Risan began filing domestic and foreign digital media and security patent applications, more than 20 of which have been allowed to date.
In November 2009 Risan sparked a copyright controversy when BlueBeat offered its full catalog of simulated songs for $0.25 per download, including, for the first time, Beatles songs. London-based EMI Group Ltd. filed suit, accusing BlueBeat of violating copyright law by offering the Beatles’ entire catalog without EMI’s permission. A spokesperson for EMI said the company had "not authorized content to be sold or made available on Bluebeat.com." In court filings, BlueBeat asserted that it legally licensed the Beatles simulations and was paying royalties due. BlueBeat further claimed that it lawfully simulated the Beatles songs under the sound-alike provision of ." After listening to the BlueBeat simulations, Federal Judge John F. Walter issued a temporary restraining order against BlueBeat.com to stop selling the Beatles song simulations online, opining that differences in the sound recordings were not discernible. BlueBeat agreed to stop selling the Beatles simulations until the U.S. Copyright Office issues a registration for the simulations, and settled the EMI lawsuit with no admission of liability for $950,000.
Personal life
Collections
The Hank Risan Collection includes more than 750 examples of fine 19th and 20th century acoustic instruments. Risan owns an 1835 Martin 2½-17 guitar that accompanied Mark Twain throughout his life. During a 1999 appearance on National Public Radio's "All Things Considered" program Risan played an arrangement of the Stephen Foster classic, "Old Susannah," on the Twain guitar. In 2014, Risan placed 265 of his classic guitars on the block with boutique auction house Guernsey's in New York, with the highlight of the auction being an ultra-rare 1930 Martin OM-45 Deluxe, listed with a starting bid of $875,000. The auction was called "The Artistry of the Guitar". However, many of the guitars, including the Martin--which was ultimately purchased by The Martin Guitar Company--did not reach their pre-auction estimates or reserves. Risan also owns an authenticated Maltese Falcon prop from the 1941 Warner Bros. film production directed by John Huston and starring Humphrey Bogart.