Naples FL -- January 12, 2024 -- InvestorsHub NewsWire -- Music
Licensing, Inc. (OTC:
SONG), a leading player in the music industry, announced today
that on January 11, 2024, at 4:12 PM EST, the company was contacted
by another publicly traded entity expressing interest in the
potential acquisition of its wholly-owned subsidiary, "Pro Music
Rights."
While Music Licensing, Inc. is not actively seeking the sale of
"Pro Music Rights," the company remains open to exploring
opportunities that align with its strategic objectives. In response
to the inquiry, Music Licensing, Inc. informed the contacting party
that discussions would be contingent upon the execution of a Mutual
Non-Disclosure Agreement (NDA).
"At Music Licensing, Inc., we continuously evaluate
opportunities that can enhance shareholder value," said Jake P.
Noch, CEO of Music Licensing, Inc. "While we are not actively
pursuing the sale of 'Pro Music Rights,' we are committed to
considering any offers that align with our business goals and add
significant value to our shareholders."
In the event that concrete offers are presented, the matter will
be subjected to thorough scrutiny by Music Licensing, Inc.'s Board
of Directors. Any potential sale would also require approval or
denial from the Board and, subsequently, undergo a shareholder vote
before reaching finalization.
It's important to note that this is a preliminary stage of
discussion, and Music Licensing, Inc. emphasizes that there is a
high likelihood that no further developments may arise from these
initial talks. The company remains focused on its commitment to
delivering value to its stakeholders and maintaining transparency
throughout any potential negotiations.
About Music Licensing, Inc. (OTC: SONG)
(ProMusicRights.com)
Music Licensing, Inc. (OTC: SONG), also known as Pro Music
Rights, is the 5th public performance rights organization (PRO) to
be 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 that feature notable artists such as A$AP Rocky, Wiz Khalifa,
Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo,
Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann,
Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG
Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous
Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young
Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$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 musical works by artists such as Elton John, Lil Nas X, Miley
Cyrus, Lil Wayne, XXXTentacion, Halsey, 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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