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SIC Reclassification Reinforces Company's Publicly Disclosed Strategy to Securitize Licensee Agreements, Copyright Infringement Claims, and Litigation Portfolio Miami, Florida--(Newsfile Corp. - May 29, 2026) - Music Licensing, Inc. (OTCID: SONG) ("Music Licensing" or the "Company"), also known as Pro Music Rights, today announced that it has officially updated its Standard Industrial Classification ("SIC") code to 6189 – Asset-Backed Securities on the OTC Markets Group platform. The reclassification formally aligns the Company's market and regulatory designation with the structured finance strategy it disclosed publicly on May 10, 2026, and represents a natural progression of the Company's previously announced Strategic Transformation.
Miami, Florida--(Newsfile Corp. - May 11, 2026) - Music Licensing, Inc. (OTCID: SONG), also known as Pro Music Rights, the fifth public performance rights organization (PRO) formed in the United States and a diversified holding company operating at the intersection of music licensing and financial technology, today announced a landmark strategic pivot that the company believes will fundamentally redefine its capital structure, resolve longstanding collection and litigation challenges, and unlock substantial shareholder value for the years ahead. Strategic Background: A Decisive Inflection Point For the past several years, Music Licensing, Inc. has demonstrated a remarkable capacity to generate revenue at scale, reporting $1,052,274,588 in total revenue for fiscal year 2023.
Miami, FL, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Music Licensing, Inc. and its subsidiary, Pro Music Rights (PMR) today announced that they are actively exploring legal action in response to what it believes to be false and defamatory statements made by Representative Scott Fitzgerald, as well as coordinated efforts by legacy performing rights organizations (PROs) and industry lobbying groups to suppress independent competition in the U.S. music licensing marketplace.
Naples, FL, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG), a publicly traded company specializing in the acquisition, management, and monetization of music royalties, today issued a corporate update regarding its ongoing financial review and uplisting progress.
NAPLES, FL, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, announced today that it has officially submitted its application for qualification under the newly established OTCID Basic Market structure by OTC Markets Group. This step follows the company's previously announced intention to seek OTCID Basic Market status to further its commitment to regulatory compliance, corporate transparency, and enhanced investor engagement.
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.
NAPLES, FL, July 14, 2025 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG) and its wholly owned subsidiary, Pro Music Rights, were recently featured in Bloomberg News and the Los Angeles Times in connection with national coverage on the rising costs and growing complexity of music licensing for restaurants and bars. The coverage highlights Pro Music Rights as a leading innovator among performance rights organizations (PROs), positioned to modernize an industry long dominated by legacy structures.
Merck Mercuriadis is launching a fresh version of Hipgnosis Songs Fund Limited (LSE:SONG), the music rights venture he founded in 2018, as investors return to the sector following a bruising correction. In an interview with the Financial Times, the former Guns N' Roses manager said his new business would give artists and managers majority ownership, shifting power from record labels.