Nuvus Gro Corp (OTC Pink: NUVG) Announces Name Change to Music Licensing, Inc.

Rhea-AI Summary

Nuvus Gro Corp (OTC Pink: NUVG) has announced a name change to Music Licensing, Inc. This strategic shift precedes the acquisition of Pro Music Rights, Inc., a major player in the music licensing sector. Pro Music Rights stands as the fifth public performance rights organization in the U.S., managing over 2.5 million works associated with renowned artists and controlling an estimated 7.4% market share. Further details regarding this transition and acquisition will be provided through regulatory filings and press releases.

Positive

• Change of name to Music Licensing, Inc. aligns with strategic acquisition of Pro Music Rights.
• Acquisition expands market presence in the music licensing industry.

Negative

• Risks and uncertainties associated with the successful integration of Pro Music Rights.
• Dependence on the assumptions underlying forward-looking statements, which may prove inaccurate.

NAPLES, Fla., July 29, 2022 (GLOBE NEWSWIRE) -- via InvestorWire – Nuvus Gro Corp (OTC Pink: NUVG) Announces Name Change to Music Licensing, Inc. The Change comes ahead of the acquisition of Pro Music Rights, Inc. one of the world’s largest music licensing companies.

Additional detailed information will be Disclosed via Regulatory filing(s) & Press Release(s).

About Pro Music Rights, Inc. (ProMusicRights.com)

Pro Music Rights the 5th public performance rights organization (PRO) ever formed in the United States. Its licensees include notable companies like TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and hundreds of others. Pro Music Rights controls 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, MoneyBaggYo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, 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, Fall Out Boy, and countless others. For more information, please visit promusicrights.com.

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 Pro Music Rights, Inc. to accomplish its stated plan of business. 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. or any other person.

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FAQ

What is the new name of Nuvus Gro Corp?

Nuvus Gro Corp has changed its name to Music Licensing, Inc.

What acquisition is Nuvus Gro Corp planning?

Nuvus Gro Corp is acquiring Pro Music Rights, Inc., a major music licensing company.

Which companies are licensed by Pro Music Rights?

Pro Music Rights licenses include major platforms like TikTok, iHeart Media, and Vevo.

What is Pro Music Rights' market share?

Pro Music Rights controls an estimated 7.4% market share in the U.S. music licensing industry.

When was the name change of Nuvus Gro Corp announced?

The name change to Music Licensing, Inc. was announced on July 29, 2022.