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Naples, Fla., April 4, 2023 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG), a leading company in the music licensing industry, today announced that it is currently considering a stock split with its securities advisors. The company is considering a 1:5 or 1:20 split ratio with the aim of increasing liquidity and availability of the shares for a wider range of investors.
Jake P. Noch, CEO of Music Licensing, Inc. said: “We are working closely with our securities attorneys to determine the most beneficial split ratio for shareholders and the company as a whole.”
Future stock splits will increase the number of outstanding shares of Music Licensing, Inc. by issuing additional shares to current shareholders, depending on the ratio selected. The measure is intended to make shares more accessible to retail investors and potentially attract institutional investors. It also highlights the company’s confidence in its long-term growth strategy and ability to create value for its shareholders.
Music Licensing, Inc. has earned an industry reputation for its innovative approach to music licensing and its commitment to providing a fair and transparent ecosystem for both artists and licensees. The company is dedicated to providing the best possible service and ensuring that the value it creates is shared with investors and stakeholders.
While the decision to conduct any future stock splits has not yet been finalized, the company is working diligently with its securities attorneys to thoroughly assess the potential benefits and implications. Details such as the stock split ratio and final determination of the effective date will be announced later.
About Pro Music Rights (ProMusicRights.com)
Pro Music Rights is the fifth Public Performance Rights Organization (PRO) established in the United States. Its licensees include prominent companies such as TikTok, iHeart Media, Triller, Napster, 7Digital and Vevo. Pro Music Rights holds an estimated 7.4% market share in the United States, with A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBaggYo, Larry June, Trey Pound and Source Walker. , Trey the Truth, Sousaman, Soulja Boy, Rex Luger, Ludo Four, Throwbacks, Gunplay, OG Mako, Rich the Kid, Fat Trell, Young Scooter, Nipsey Hussle, Famous Dex, Boosey Badaz, Shy Grizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Fall Out Boy and countless other artists, and artificial intelligence (AI) created the music.
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 not forward-looking statements made pursuant to them. Intended to be covered by Harbor. Investors are cautioned that all forward-looking statements involve risks and uncertainties. This includes, but is not limited to, the ability of Music Licensing, Inc. and Pro Music Rights, Inc. to achieve their stated business plans. Music Licensing, Inc. and Pro Music Rights, Inc. assume that the assumptions underlying the forward-looking statements contained herein are reasonable and that any of the assumptions may be inaccurate and therefore make no statements regarding the future. There can be no assurance that these statements contain forward-looking statements. This press release attests to its accuracy. In light of the material uncertainties inherent in any forward-looking statements contained herein, the inclusion of such information is not warranted by Pro Music Rights, Inc., Music Licensing, Inc., or any other person. should not be considered a representation by
contact: Investor @ProMusicRights.com
sauce: Music Licensing Inc.
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