Welcome to our dedicated page for Akazoo S.A news (Ticker: SONG), a resource for investors and traders seeking the latest updates and insights on Akazoo S.A stock.
Akazoo S.A (SONG) operates at the intersection of music rights management and strategic financial innovation. This news hub provides investors with essential updates on the company's licensing agreements, royalty monetization strategies, and intellectual property developments.
Access comprehensive coverage of SONG's corporate actions including earnings announcements, share structure changes, and legal proceedings related to music licensing enforcement. Our curated collection offers timely insights into operational milestones like technology integrations for royalty tracking and strategic acquisitions in the entertainment sector.
Key updates on:
• Music catalog expansions
• Royalty stream monetization
• Share restructuring initiatives
• Licensing compliance actions
Bookmark this page for direct access to official press releases and objective reporting on SONG's unique position in music rights management. Stay informed about corporate developments affecting this specialized investment vehicle through our maintained news feed.
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.
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