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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) has announced a commitment to innovate in the music industry through the development of proprietary artificial intelligence (AI) systems. Following a review of OpenAI's resources, the company's Chief Technology Officer, Rodrigo Di Federico, highlighted the potential of AI-generated music to empower musicians. The new AI models aim to produce high-quality, coherent music compositions, addressing the shortcomings of existing AI systems.
This strategic move not only creates unique market advantages but also strengthens the company's intellectual property in the growing AI music sector. Music Licensing, Inc. is dedicated to revolutionizing music creation and fostering creativity through groundbreaking technology.
Music Licensing, Inc. (OTC: SONG) announced plans to pursue a listing by introduction on the Jamaican Stock Exchange (JSE), aiming to enhance its market presence in the Caribbean. The listing process, advised by a local securities firm, is projected to take approximately four weeks and could enable share margin eligibility in Jamaica. CEO Jake P. Noch highlights the potential for acquiring Jamaican music intellectual property and local companies, intending to utilize the company's shares for these acquisitions. This strategic move is anticipated to create valuable growth opportunities for the company and its shareholders.
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.
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