"JEALOUSY" by Mike Posner, Justin Bieber, and Blackbear Acquired by Music Licensing, Inc. (OTC: SONGD)

Rhea-AI Summary

Music Licensing has acquired the royalty-generating intellectual property of the hit track "JEALOUSY" by Mike Posner, Justin Bieber, and Blackbear. This acquisition aligns with the company's strategy to enhance its portfolio with high-value assets and is expected to generate significant revenue from multiple platforms.

The track's popularity and the renowned artists involved underscore its potential to be a lucrative addition. The transaction highlights Music Licensing's commitment to securing top-tier music assets to drive long-term growth.

Positive

• Acquisition of royalty-generating intellectual property for the hit track "JEALOUSY".
• Inclusion of high-profile artists Mike Posner, Justin Bieber, and Blackbear in the portfolio.
• Expected to generate substantial revenue streams across multiple platforms.
• Enhances the company's portfolio with a valuable asset.

Negative

• No specific financial details provided about the acquisition cost.
• Uncertainty about the immediate impact on shareholder value.

Naples, FL, June 03, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG) (OTC: SONGD), a preeminent force in music royalties acquisition, is pleased to announce the acquisition of royalty-generating intellectual property in the hit track "JEALOUSY" by Mike Posner, Justin Bieber, and Blackbear. This acquisition underscores the company's strategy to bolster its portfolio with top-tier assets.

"JEALOUSY" is a standout track that showcases the talents of Mike Posner, Justin Bieber, and Blackbear, making it a valuable addition to the collection. This acquisition is expected to generate substantial revenue streams across multiple platforms.

Watch "JEALOUSY" by Mike Posner, Justin Bieber, and Blackbear 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 is the significance of Music Licensing acquiring "JEALOUSY"?

The acquisition of "JEALOUSY" by Mike Posner, Justin Bieber, and Blackbear is expected to generate significant revenue and enhance Music Licensing's portfolio.

Which artists are featured in the newly acquired track by Music Licensing?

The track "JEALOUSY" features Mike Posner, Justin Bieber, and Blackbear.

What is the stock symbol for Music Licensing?

The stock symbol for Music Licensing is SONGD.

When was the acquisition of "JEALOUSY" announced?

The acquisition was announced on June 03, 2024.