"No More" by Lil Yachty Acquired by Music Licensing, Inc.

Rhea-AI Summary

Music Licensing has acquired the royalty-generating intellectual property for 'No More' by Lil Yachty. This acquisition highlights the company's strategy to strengthen its portfolio with high-value music assets. The transaction is expected to enhance the company's revenue streams and reinforce its position in the music royalties market. The purchase aligns with their ongoing efforts to expand and diversify their asset base.

Positive

• Acquisition of high-value asset: 'No More' by Lil Yachty.
• Strengthens Music Licensing's portfolio.
• Potential increase in revenue streams.
• Reinforces market position in music royalties.

Negative

• Financial terms of the acquisition not disclosed.
• Uncertainty about the immediate financial impact.
• Risk of overvaluation of the acquired asset.

Naples, FL, June 10, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG) (OTC: SONGD), a distinguished leader in the acquisition and management of music royalties, is excited to announce the acquisition of royalty-generating intellectual property in "No More" by Lil Yachty. This acquisition underscores the company's commitment to enhancing its portfolio with influential and high-value assets.

Watch "No More" by Lil Yachty 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 song did Music Licensing acquire?

'No More' by Lil Yachty.

When was the acquisition of 'No More' by Lil Yachty announced?

June 10, 2024.

What is the stock symbol for Music Licensing?

SONGD.

How does the acquisition of 'No More' align with Music Licensing's strategy?

It enhances the portfolio with high-value, royalty-generating assets.

What is the potential benefit of acquiring 'No More' by Lil Yachty for Music Licensing?

The acquisition could increase revenue streams and strengthen the company's position in the music royalties market.