Music Licensing, Inc. (OTC: SONG) Enters Retainer Agreement with PCAOB-Registered Audit Firm for Review of Semi-Annual 2025 Financial Statements

Rhea-AI Summary

Music Licensing, Inc. (OTC: SONG), the fifth public performance rights organization in the United States, has signed a retainer agreement with a PCAOB-registered audit firm to review its semi-annual financial statements for the period ending June 30, 2025.

The company, which controls an estimated 7.4% share of the U.S. public performance rights market, manages a catalog of over 2.5 million musical works and licenses music to major platforms including TikTok, iHeartMedia, and Triller. This audit engagement represents a strategic move towards enhancing financial transparency and maintaining PCAOB-compliant reporting standards.

The initiative follows the company's July 2, 2025 announcement regarding its commitment to annual audits and periodic financial reviews, aimed at strengthening investor confidence and supporting future capital markets activities.

NAPLES, FL, July 23, 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 has officially executed a retainer agreement with a Public Company Accounting Oversight Board (PCAOB)-registered audit firm. The agreement covers the review of the Company’s semi-annual financial statements for the period ending June 30, 2025.

This engagement represents a critical milestone in the Company’s broader plan to adopt and maintain PCAOB-compliant financial reporting standards. It reflects a long-term commitment to enhancing transparency, supporting regulatory compliance, and upholding best practices in financial governance.

The formal retention of a PCAOB-registered firm follows the Company’s July 2, 2025 announcement regarding its intention to pursue annual audits and periodic reviews of financial statements. With the agreement now in place, the Company expects to proceed with the independent review process and release its semi-annual 2025 financials accordingly.

The initiative is designed to strengthen the integrity of the Company’s financial disclosures, build investor confidence, and support current and future capital markets activities.

Music Licensing, Inc. licenses music to leading platforms and businesses globally, 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 administers a catalog of over 2.5 million musical works. This includes works by high-profile recording artists as well as content generated through artificial intelligence (AI) platforms.

The Company also maintains royalty interests in Listerine “Mouthwash” Antiseptic and in a large portfolio of musical works performed by internationally recognized artists such as The Weeknd, Justin Bieber, Kanye West, Elton John, Rihanna, Lil Nas X, and others.

This step positions the Company for continued operational growth, improved transparency, and future scalability in line with public company reporting standards.

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

What is the significance of Music Licensing Inc (OTC: SONG) hiring a PCAOB-registered audit firm?

The engagement demonstrates enhanced financial transparency and compliance, supporting future capital markets activities and strengthening investor confidence through PCAOB-compliant financial reporting standards.

What percentage of the U.S. public performance rights market does Music Licensing Inc (SONG) control?

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

Which major platforms are licensed by Music Licensing Inc (OTC: SONG)?

Music Licensing Inc 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?

The company manages a catalog of over 2.5 million musical works, including content from high-profile artists and AI-generated works.

When will Music Licensing Inc (OTC: SONG) release its semi-annual 2025 financial statements?

The company plans to release its semi-annual 2025 financial statements following the completion of the independent review process by the PCAOB-registered audit firm.