Welcome to our dedicated page for MUSIC LICENSING news (Ticker: SONG), a resource for investors and traders seeking the latest updates and insights on MUSIC LICENSING stock.
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's subsidiary, Pro Music Rights, has secured a final judgment of $114,081.30 USD, emphasizing the enforceability of its licensing agreements. This marks an important milestone in their campaign to protect artists' rights. The judgment carries an interest rate of 9.09% annually. Music Licensing plans to allocate 25% of the net recoverable funds towards a stock buyback program, enhancing shareholder value. The company is also completing a pending stock consolidation with FINRA and aims to retain a broker-dealer for the buyback initiative. CEO Jake P. Noch expressed satisfaction with the judgment and the strategic steps being taken to benefit shareholders and content creators.
Music Licensing, Inc. (SONG) announces the receipt of its second royalty payments from iconic artists like Elton John, Miley Cyrus, Lil Wayne, and others. The consistent revenue streams showcase the enduring appeal and commercial value of their music, driving revenue growth for the company.
FAQ
What is the current stock price of MUSIC LICENSING (SONG)?
What is the market cap of MUSIC LICENSING (SONG)?
What is Music Licensing, Inc. (OTC: SONG) known for?
Which notable artists are part of Music Licensing, Inc.'s catalog?
What are some of the key partnerships of Music Licensing, Inc.?
What additional ventures has Music Licensing, Inc. pursued?
How does Music Licensing, Inc. aim to grow its portfolio?
