Music Licensing, Inc. (OTC: SONG) Announces Plans to Engage PCAOB-Registered Audit Firm for Annual Audits and Future Financial Statement Reviews

Rhea-AI Summary

Music Licensing, Inc. (OTC: SONG), the fifth public performance rights organization in the United States, has announced plans to engage a PCAOB-registered audit firm for annual audits and financial statement reviews. The company, which holds an estimated 7.4% share of the U.S. public performance rights market, aims to enhance financial transparency and corporate governance.

SONG licenses music to major platforms including TikTok, iHeartMedia, Triller, Napster, 7Digital, and Vevo. Their catalog includes over 2.5 million musical works from artists like A$AP Rocky, Pharrell, and The Weeknd, including AI-created works. The company also maintains royalty interests in Listerine Mouthwash.

Positive

• Initiative to strengthen financial reporting infrastructure and transparency
• Holds 7.4% market share in U.S. public performance rights
• Diverse portfolio of 2.5 million musical works from major artists
• Established licensing agreements with leading platforms

Negative

• Currently lacks PCAOB-registered auditor oversight
• Final auditor selection not yet completed

News Market Reaction – SONG

+50.00%

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+50.00% News Effect

On the day this news was published, SONG gained 50.00%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NAPLES, FL, July 02, 2025 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, a diversified holding company and the fifth public performance rights organization (PRO) established in the United States, today announced that it is actively pursuing the engagement of a Public Company Accounting Oversight Board (PCAOB)-registered audit firm to conduct annual audits and provide ongoing reviews of its financial statements.

This initiative marks a significant step in strengthening the company’s financial reporting infrastructure and reinforces its long-term commitment to transparency, regulatory compliance, and best practices in corporate governance. The company believes that the engagement of a PCAOB-registered firm will provide independent assurance regarding the accuracy and completeness of its financial disclosures, while supporting future strategic and capital markets initiatives.

By establishing an annual audit process under PCAOB standards, the company aims to enhance investor confidence, meet the expectations of institutional stakeholders, and better position itself for continued growth.

Music Licensing, Inc. licenses music to many of the world’s leading platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, and Vevo. The company holds an estimated 7.4% share of the U.S. public performance rights market and represents a catalog of more than 2.5 million musical works by prominent artists such as A$AP Rocky, Pharrell, Wiz Khalifa, Nipsey Hussle, Lil Uzi Vert, and many others—including works created using artificial intelligence (AI).

In addition, the company maintains royalty interests in Listerine “Mouthwash” Antiseptic and an extensive portfolio of musical works by internationally acclaimed artists including The Weeknd, Justin Bieber, Kanye West, Elton John, Rihanna, Lil Nas X, and more.

Further details will be announced as the company finalizes its selection of an independent PCAOB-registered auditor.

About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

About Music Licensing, Inc. (OTC:SONG)  (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) established in the United States. It is recognized under the federal registry of the United States government. The company licenses music to some of the most prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, and many others.

Pro Music Rights holds an estimated 7.4% market share in the United States, representing a catalog of more than 2.5 million 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 many others, including works generated by artificial intelligence (AI).

Additionally, Music Licensing, Inc. (OTC: SONG) holds royalty interests in Listerine “Mouthwash” Antiseptic and a vast portfolio of musical works by globally renowned artists, including 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, BlueFace, The Game, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and many 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

Why is Music Licensing Inc (OTC: SONG) seeking a PCAOB-registered audit firm?

SONG is seeking a PCAOB-registered audit firm to strengthen financial reporting infrastructure, enhance investor confidence, meet institutional stakeholder expectations, and support future strategic and capital markets initiatives.

What is Music Licensing Inc's (SONG) market share in the U.S. public performance rights market?

Music Licensing Inc holds an estimated 7.4% share of the U.S. public performance rights market.

Which major platforms does Music Licensing Inc (SONG) work with?

SONG licenses music to major platforms including TikTok, iHeartMedia, Triller, Napster, 7Digital, and Vevo.

How many musical works are in Music Licensing Inc's (SONG) catalog?

Music Licensing Inc maintains a catalog of over 2.5 million musical works from prominent artists, including works created using artificial intelligence.

What additional assets does Music Licensing Inc (SONG) own?

Besides its music catalog, SONG maintains royalty interests in Listerine Mouthwash Antiseptic and an extensive portfolio of musical works by internationally acclaimed artists.