Music Licensing, Inc. Announces Strategic Measures for Future Growth

Rhea-AI Summary

Music Licensing, Inc. (OTC: SONG) has announced significant steps to fortify its market position and ensure sustained growth. The company secured the consent of a major shareholder to increase its authorized common stock shares, aligning with state regulations and aiming for a robust future. To avoid delays from a lengthy timeline for a reverse stock split, the company plans to acquire $5 million worth of Music IP royalty stakes, generating revenue and setting the stage for uplisting to the NYSE American.

Naples Florida, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG) is pleased to announce significant steps taken on January 19, 2024, aimed at fortifying its position in the market and ensuring sustained growth. The Company has successfully secured the consent of Jake P. Noch Family Office, LLC, a holder of preferred J shares, providing 80% of all voting power, in a move to increase its authorized common stock shares. This decision aligns seamlessly with the state of Nevada and sets the stage for a robust future.

The motivation behind this strategic initiative stems from careful consideration and guidance received from the Financial Industry Regulatory Authority (FINRA). Recognizing the potential challenges associated with a lengthy timeline for a reverse stock split – estimated to be over 14 months – Music Licensing, Inc. is committed to maintaining its growth trajectory without unnecessary delays.

In pursuit of this goal, the Company is set to acquire approximately $5 million worth of Music IP royalty stakes. This strategic move is designed to not only generate substantial revenue but also ensure a positive cash flow, setting the groundwork for a seamless uplisting to the NYSE American. Exiting the over-the-counter market is a pivotal step towards achieving greater visibility and market presence.

The decision reflects the proactive approach of Music Licensing, Inc.'s management in addressing the current challenges within the US OTC market. The regulatory timelines, notably the extended duration for even the simplest of corporate actions by FINRA, have prompted the Company to take decisive measures. By expanding its authorized common stock shares and strategically investing in Music IP royalty stakes, Music Licensing, Inc. is positioning itself for a future marked by sustained growth and enhanced market prominence.

The Company remains steadfast in its commitment to delivering value to shareholders and stakeholders alike.

About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is the 5th public performance rights organization (PRO) to be formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works that feature notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as Artificial Intelligence (A.I.) Created Music. Additionally, Music Licensing, Inc. (OTC: SONG) owns royalty stakes in musical works by artists such as Elton John, Lil Nas X, Miley Cyrus, Lil Wayne, XXXTentacion, Halsey, and numerous others.

Forward-Looking Statements:

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

Non-Legal Advice Disclosure:

This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

Non-Investment Advice Disclosure:

This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication

Contact: investors@ProMusicRights.com

SOURCE: Music Licensing, Inc.

FAQ

What is the ticker symbol for Music Licensing, Inc.?

The ticker symbol for Music Licensing, Inc. is SONG.

What steps has Music Licensing, Inc. taken to fortify its market position?

The company secured the consent of a major shareholder to increase its authorized common stock shares and plans to acquire $5 million worth of Music IP royalty stakes.

Why is Music Licensing, Inc. aiming to uplist to the NYSE American?

The company aims to achieve greater visibility and market presence by uplisting to the NYSE American.

What is the motivation behind Music Licensing, Inc.'s strategic initiative?

The company aims to maintain its growth trajectory without unnecessary delays and generate substantial revenue through strategic investments in Music IP royalty stakes.

What challenges is Music Licensing, Inc. addressing within the US OTC market?

The company is addressing the extended duration for corporate actions by FINRA and aiming to achieve sustained growth and enhanced market prominence.

How much worth of Music IP royalty stakes does Music Licensing, Inc. plan to acquire?

The company plans to acquire approximately $5 million worth of Music IP royalty stakes.