Music Licensing, Inc. (OTC: SONGD) Acquires Prestigious Royalty-Generating IP Stake in "Goodnight Gotham" by Rihanna

Rhea-AI Summary

Music Licensing has acquired intellectual property rights for Rihanna's hit song 'Goodnight Gotham'. This acquisition is expected to generate consistent revenue through various platforms like streaming services and media outlets. The move strengthens the company's portfolio with assets from a high-profile artist, potentially boosting its market position and financial growth.

Positive

• Acquisition of IP rights to Rihanna's 'Goodnight Gotham' enhances portfolio with high-caliber assets.
• Consistent revenue streams expected from multiple platforms including streaming services, radio, and media outlets.
• Strengthened market position by adding assets from a high-profile artist.

Negative

• No specific financial figures or terms of the acquisition disclosed.
• Potential risk of over-reliance on a single artist's popularity for revenue generation.

NAPLES, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG) (OTC: SONGD), a distinguished leader in the acquisition and management of music royalties, proudly announces the acquisition of royalty-generating intellectual property in the chart-topping track "Goodnight Gotham" by Rihanna. This strategic acquisition enhances our portfolio with high-caliber assets from one of the industry's most influential artists.

"Goodnight Gotham" is a testament to Rihanna's enduring popularity and wide-reaching influence. This acquisition is set to provide consistent revenue streams across various platforms, including streaming services, radio, and media outlets.

Watch "Goodnight Gotham" by Rihanna here.

About Music Licensing, Inc. (OTC: SONG) (OTC: SONGD) (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 acquisition has Music Licensing (SONG) announced?

Music Licensing has announced the acquisition of royalty-generating intellectual property rights for Rihanna's song 'Goodnight Gotham'.

How will the acquisition of 'Goodnight Gotham' impact Music Licensing (SONG)?

The acquisition is expected to generate consistent revenue streams and strengthen the company's portfolio.

What platforms will generate revenue from 'Goodnight Gotham'?

Revenue will be generated from streaming services, radio, and various media outlets.

When did Music Licensing (SONG) announce the acquisition of 'Goodnight Gotham'?

The acquisition was announced on May 28, 2024.

Why is the acquisition of 'Goodnight Gotham' significant for Music Licensing (SONG)?

Acquiring IP rights to a popular song by a high-profile artist like Rihanna strengthens the company's portfolio and market position.