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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. With licensees like TikTok, iHeart Media, Triller, and more, Pro Music Rights commands an estimated market share of 7.4% in the U.S., representing over 2,500,000 works by notable artists across various genres. Some of the prominent artists in their catalog include A$AP Rocky, Pharrell, Wiz Khalifa, Young Jeezy, and many others. In addition to music royalties, the company has also invested in artificial intelligence (A.I.) created music and holds royalty stakes in Listerine "Mouthwash" Antiseptic. Through strategic acquisitions like "DO IT TO ME" and "FAMILY ONLY" by DaniLeigh, Music Licensing, Inc. aims to enhance its collection and revenue potential, positioning itself as a key player in the music industry.
Music Licensing, Inc. (OTC: SONG) announced its exploration of a forward stock split with ratios of 1:5 or 1:20, aimed at enhancing liquidity and share accessibility for investors. CEO Jake P. Noch expressed excitement about the potential benefits for shareholders, indicating that the company is collaborating with securities counsel to finalize the most advantageous ratio. This move is expected to attract individual and institutional investors, reflecting the company's confidence in its growth strategy. Details regarding the final decision on the split ratio and effective date will be released in the future.
Music Licensing, Inc. (OTC: SONG) reported its fiscal year 2022 financial results, showcasing a remarkable revenue increase of 106.7% to $41,596, up from $20,101 in 2021. The net income loss was notably reduced to ($60,812), a 71.5% improvement from ($213,504) in the previous year. Total assets fell to $46,131 from $220,680, while total liabilities decreased by 54% to $96,732. However, total equity shifted to ($50,601) from $10,211. The company signed 494 Business License Agreements, generating an invoiced amount of $543,218,511, with revenue recognition pending cash receipt.
Music Licensing, Inc. (OTC:SONG) and its subsidiary, Pro Music Rights, confirmed they have no direct exposure to the collapse of Silicon Valley Bank. This statement aims to reassure shareholders and clients concerned about potential impacts on the companies. The primary banking relationship for both organizations is with UBS, a reputable financial institution. CEO Jake P. Noch emphasized their commitment to transparency and maintaining high service levels in the music industry. Pro Music Rights holds a 7.4% market share in the U.S., representing over 2.5 million works from notable artists. The press release contains forward-looking statements with inherent risks.
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.
Music Licensing, Inc. (OTC:SONG) has applied to rejoin the OTCQB venture market, a strategic move aimed at enhancing its presence in the music licensing sector. CEO Jake P. Noch expressed enthusiasm, noting that this milestone will unlock new opportunities for the company. The OTCQB is tailored for early-stage companies meeting specific financial and regulatory criteria, offering increased visibility, liquidity, and trading analysis. Music Licensing is dedicated to maximizing shareholder value, and this application is a significant step toward that objective.
Music Licensing, Inc. (OTC: SONG) announced its intention to reapply for listing on the OTCQB and pursue additional listings on various international stock exchanges, including the Nigerian Stock Exchange and Nasdaq Stockholm. This strategy aims to enhance visibility, liquidity, and opportunities for shareholders. CEO Jake P. Noch expressed confidence that these moves will broaden the company's audience and strengthen its shareholder base. Music Licensing, Inc. has a proven record in the music licensing industry and remains committed to expanding its market presence and enhancing shareholder value through innovative solutions.
Music Licensing, Inc. (OTC:SONG) extends warm wishes to its shareholders for Presidents Day, highlighting the importance of this holiday in celebrating leadership and growth. The company expresses gratitude for shareholder support and reaffirms its commitment to providing comprehensive music licensing solutions. Music Licensing, Inc. is focused on delivering strong financial results in the future. The press release emphasizes the company’s mission and dedication to its shareholders during the long weekend, with an encouraging message for relaxation and reflection.
Music Licensing, Inc. (OTC:SONG) announced plans to explore the launch of a new music distribution and publishing administration service aimed at supporting independent artists and music labels. This initiative seeks to address the growing demand for efficient music distribution and royalty management as the industry evolves with digital consumption trends. Aimed for a phased rollout later this year, the service will simplify the process for artists to distribute their music globally and collect royalties. CEO Jake P. Noch emphasized the company's commitment to providing innovative solutions in an expanding market.
Music Licensing, Inc. (OTC: SONG) announced a significant advancement in AI technology on February 10, 2023, unveiling plans to produce various AI-generated content, including books, movies, and news articles. This initiative aims to enhance their Pro Music Rights' AI Music Program using Chat GPT, improving content creation efficiency. CEO Jake P. Noch emphasized the company's commitment to innovation and high-quality service. The firm is also focused on leveraging its existing market share in public performance rights. This move may strengthen the company's position in the competitive media landscape, meeting the growing demand for quality content.
Music Licensing, Inc. (OTC: SONG) reported that recent hacking attempts on Pro Music Rights' database were unsuccessful and have been reported to the US Secret Service. The company emphasized the importance of client information security and identified the potential attacker as a known licensee from China, although they did not disclose specifics. CEO Jake P. Noch assured stakeholders of the company's commitment to protecting sensitive data. Pro Music Rights, a leading performance rights organization, represents over 2,500,000 works and notable artists, holding a 7.4% market share in the U.S.
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