Music Licensing, Inc. Announces Trading of Common Stock on Global OTC
Music Licensing, a diversified holding company, announced that its Common Stock is now trading on Global OTC as of June 11, 2024. This move is expected to increase the visibility and accessibility of its shares to a broader range of investors. Global OTC, operated by a subsidiary of NYSE Group, is renowned for its fully automated trading of global blue-chip and U.S. emerging growth OTC securities. The platform promises greater price transparency, liquidity, and efficiency. CEO Jake P. Noch highlighted that the enhanced trading infrastructure and real-time market data will enrich the shareholder experience and potentially boost shareholder value. This listing complements the company's existing presence on OTC Link.
- Common Stock now traded on Global OTC, increasing visibility.
- Expected to enhance liquidity and accessibility for a broader range of investors.
- Global OTC provides more price transparency, liquidity, and efficiency.
- Real-time trade and quote market data available to investors, broker-dealers, and market data distributors.
- Enhanced trading infrastructure likely to improve the shareholder experience.
- Potential to drive greater shareholder value.
- No specific financial or performance metrics provided to substantiate the expected benefits.
- Increased visibility and accessibility do not guarantee improved financial performance.
Naples, FL, June 11, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG) (OTC: SONGD), a diversified holding company, is pleased to announce that its Common Stock is now traded on "Global OTC." This development marks a significant milestone for the Company, enhancing the visibility and accessibility of its shares to a broader range of investors.
Global OTC, operated by a wholly-owned subsidiary of NYSE Group, Inc., is the longest-serving Alternative Trading System (ATS) fully automated for trading global blue-chip and U.S. emerging growth Over-The-Counter (OTC) securities. As a fully-automated trading platform with a lit limit order book and auctions, Global OTC provides more price transparency, liquidity, and efficiency in trading OTC securities. Additionally, Global OTC offers real-time trade and quote market data to investors, broker-dealers, and market data distributors.
Jake P. Noch, Chief Executive Officer of Music Licensing, Inc., commented, "We are excited about our Common Stock being traded on Global OTC. This platform's robust trading infrastructure and real-time market data capabilities will significantly enhance the trading experience for our shareholders. We believe this move will increase the liquidity and visibility of our stock, potentially driving greater shareholder value."
The listing on Global OTC is in addition to the Company’s presence on OTC Link, further broadening the avenues through which investors can engage with Music Licensing, Inc.
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
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.
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