Welcome to our dedicated page for Music Licensing news (Ticker: $SONG), a resource for investors and traders seeking the latest updates and insights on Music Licensing stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Music Licensing's position in the market.
Music Licensing announced the acquisition of exclusive royalty-generating IP stakes in the song 'FML' by Kanye West and The Weeknd. This move enhances their portfolio with a chart-topping track. The acquisition aims to solidify their position in the music royalties market by adding high-profile content. The song 'FML' has resonated well with global audiences, evidencing its potential for substantial revenue generation.
This strategic acquisition reflects the company's continuous efforts to expand its revenue-generating assets and strengthens its position in the competitive marketplace.
Music Licensing has acquired intellectual property rights for Rihanna's hit song 'Goodnight Gotham'. This acquisition is expected to generate consistent revenue through various platforms like streaming services and media outlets. The move strengthens the company's portfolio with assets from a high-profile artist, potentially boosting its market position and financial growth.
Music Licensing (OTC: SONGD) has announced the receipt of its third royalty payment from its stake in the Listerine 'Mouthwash' brand. This event highlights the company's successful diversification strategy within its investment portfolio. By leveraging its industry expertise and strategic foresight, Music Licensing has ensured a stable revenue stream that benefits its shareholders.
The consistent royalty payments from Listerine exemplify the company's commitment to generating reliable income through strategic investments. This marks a significant milestone for Music Licensing as it continues to innovate and diversify its revenue sources.
Music Licensing, Inc. (OTC Pink: SONGD) announced a 1-for-500,000 reverse stock split, effective May 20, 2024, reducing its outstanding common shares to approximately 6,004. The stock is expected to open at $100 per share based on the May 17, 2024 closing price. The company will temporarily trade under the ticker SONGD for about 20 days. Fractional shareholders will receive cash payments. The company also plans a long-term buyback program and aims to reduce its number of authorized shares, pending board approval. The CUSIP has changed to 67075W207.
Music Licensing's subsidiary, Pro Music Rights, has secured a final judgment of $114,081.30 USD, emphasizing the enforceability of its licensing agreements. This marks an important milestone in their campaign to protect artists' rights. The judgment carries an interest rate of 9.09% annually. Music Licensing plans to allocate 25% of the net recoverable funds towards a stock buyback program, enhancing shareholder value. The company is also completing a pending stock consolidation with FINRA and aims to retain a broker-dealer for the buyback initiative. CEO Jake P. Noch expressed satisfaction with the judgment and the strategic steps being taken to benefit shareholders and content creators.
Music Licensing, Inc. (SONG) announces the receipt of its second royalty payments from iconic artists like Elton John, Miley Cyrus, Lil Wayne, and others. The consistent revenue streams showcase the enduring appeal and commercial value of their music, driving revenue growth for the company.
