Music Licensing, Inc.'s Subsidiary Pro Music Rights Renews Agreement with ByteDance and TikTok, Offering Innovative Music and AI Solutions

Rhea-AI Summary

Music Licensing, Inc. (OTC:SONG) has renewed its licensing agreement with ByteDance and its subsidiary TikTok for another year, enhancing its partnership with access to a vast music catalog, including popular songs and AI-generated music. This renewal underscores Pro Music Rights' commitment to delivering high-quality music services and solidifies its position as a key player in the music licensing industry. The collaboration aims to provide engaging experiences for TikTok users globally, showcasing Pro Music Rights' innovative music solutions. CEO Jake P. Noch expressed enthusiasm for the continued partnership with TikTok.

Positive

• Renewed licensing agreement with TikTok reinforces Pro Music Rights' market position.
• Partnership provides access to a vast catalog of popular and AI-generated music.
• Commitment to innovation in music solutions enhances user engagement on TikTok.

Negative

• None.

NAPLES, Fla., March 3, 2023 /PRNewswire/ -- Music Licensing, Inc. (OTC:SONG) is thrilled to announce that its wholly-owned subsidiary Pro Music Rights, Inc. has renewed its licensing agreement with ByteDance and its subsidiary TikTok for another year. This milestone marks a significant achievement for Pro Music Rights and its continued efforts to provide high-quality music and innovative AI-generated music to users worldwide.

As part of the licensing agreement announced last year, Pro Music Rights has been providing TikTok with access to its vast music catalog, which includes some of the most popular songs and artists of all time, as well as AI-generated music from Pro Music Rights' Music AI program. This partnership has enabled TikTok to offer its users a unique and engaging experience by incorporating a diverse range of music into their videos and content.

The renewal of this agreement is a testament to the success of Pro Music Rights and its commitment to delivering top-notch music and innovative AI-generated music to its partners. It further solidifies Pro Music Rights' position as a leading provider of music licensing services in the industry. With this agreement, Pro Music Rights and TikTok will continue to work together to provide innovative and engaging experiences for users across the globe.

"We are thrilled to renew our agreement with ByteDance and TikTok for another year, and to continue to provide them with access to our vast music catalog and our innovative Music AI program," said Jake P. Noch, CEO of Music Licensing, Inc. "Our team at Pro Music Rights is dedicated to delivering high-quality music and exceptional services to our partners, and we are proud to be working with such a forward-thinking company like ByteDance and TikTok."

The renewal of this agreement highlights Music Licensing, Inc.'s commitment to providing innovative and cutting-edge music solutions to its partners. With Pro Music Rights' vast music catalog, exceptional licensing services, and its innovative Music AI program, the company is well-positioned to continue to be a leader in the music industry.

About Pro Music Rights, Inc. (ProMusicRights.com)

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, MoneyBaggYo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, 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, Fall Out Boy, and countless others, as well as Artificial Intelligence (A.I.) Created Music.

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.

View original content:https://www.prnewswire.com/news-releases/music-licensing-incs-subsidiary-pro-music-rights-renews-agreement-with-bytedance-and-tiktok-offering-innovative-music-and-ai-solutions-301761808.html

SOURCE Music Licensing, Inc.

FAQ

What recent agreement did Music Licensing, Inc. (SONG) renew?

Music Licensing, Inc. renewed its licensing agreement with ByteDance and TikTok for another year.

How does the renewal of the TikTok agreement affect Music Licensing, Inc. (SONG)?

The renewal strengthens Pro Music Rights' position in the music licensing industry and ensures continued access to its music catalog for TikTok.

When was the licensing agreement between Music Licensing, Inc. (SONG) and TikTok renewed?

The agreement was renewed on March 3, 2023.

What benefits does the renewed agreement provide for TikTok users?

The agreement offers TikTok users access to a diverse range of popular and AI-generated music, enhancing their video content.