Music Licensing, Inc. (OTC: SONG) Subsidiary "Pro Music Rights" Receives First Payment from Licensing Enforcement and Collection Campaign

Rhea-AI Summary

Music Licensing, Inc. (OTC: SONG) announced that its subsidiary, Pro Music Rights, has received its first payment from a licensing enforcement and collection campaign. This initiative aims to ensure proper compensation for its extensive catalog of over 2,500,000 musical works, representing 7.4% of the U.S. market. The initial payment marks a successful start, with expectations for additional payments as the campaign continues. The company is focused on safeguarding artists' rights and promoting fair compensation within the music industry.

Positive

• Pro Music Rights received its first payment from the licensing enforcement and collection campaign.
• Pro Music Rights represents over 2,500,000 musical works with a 7.4% U.S. market share.
• Successful initiation of the campaign sets a positive precedent for future payments.

Negative

• None.

Naples, FL, June 28, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG), a diversified holding company and the fifth public performance rights organization (PRO) established in the United States, is pleased to announce that its wholly-owned subsidiary, Pro Music Rights, has successfully received its first payment from its ongoing licensing enforcement and collection campaign. This significant achievement marks the beginning of a proactive effort to ensure proper compensation and compliance for the use of its extensive catalog of musical works.

Pro Music Rights, representing over 2,500,000 works by notable artists and holding an estimated market share of 7.4% in the United States, has launched an effective campaign to enforce licensing agreements and collect unpaid licensing fees. This initial payment underscores the campaign's success and sets a positive precedent for continued enforcement and collection efforts.

Pro Music Rights is dedicated to ensuring artists receive the remuneration they deserve. The company is intensifying its efforts to guarantee long-term compliance and proper payment for its catalog. As the campaign progresses, Pro Music Rights anticipates additional payments, further reinforcing the importance of fair compensation in the music industry.

Music Licensing, Inc. is committed to supporting the rights of artists and fostering a fair and transparent system. The successful initiation of this licensing enforcement and collection campaign reflects the company's dedication to protecting creative works and promoting a thriving music ecosystem.

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

Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) 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 by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$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 Listerine "Mouthwash" Antiseptic and musical works by artists such as The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, 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 recent achievement did Music Licensing, Inc.'s subsidiary Pro Music Rights accomplish?

Pro Music Rights received its first payment from its licensing enforcement and collection campaign.

What is the market share of Pro Music Rights in the U.S.?

Pro Music Rights holds a 7.4% market share in the United States.

What does Pro Music Rights aim to achieve with its licensing enforcement and collection campaign?

Pro Music Rights aims to ensure proper compensation and compliance for the use of its musical works.

How many musical works does Pro Music Rights represent?

Pro Music Rights represents over 2,500,000 musical works.

What does the initial payment received by Pro Music Rights signify?

The initial payment signifies the successful start of the licensing enforcement and collection campaign and sets a positive precedent for future payments.