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

Core Viewpoint - Music Licensing, Inc. is enhancing its financial reporting by engaging a PCAOB-registered audit firm for annual audits and ongoing financial reviews, aiming to improve transparency and investor confidence [2][3][4]. Company Overview - Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is the fifth public performance rights organization in the U.S. and is recognized under the federal registry [9][10]. - The company licenses music to major platforms such as TikTok, iHeartMedia, and Vevo, holding an estimated 7.4% share of the U.S. public performance rights market [5][10]. Financial Reporting Initiative - The engagement of a PCAOB-registered audit firm is a significant step towards strengthening the company's financial reporting infrastructure and ensuring compliance with best practices in corporate governance [3][4]. - This initiative is expected to provide independent assurance regarding the accuracy and completeness of financial disclosures, supporting future strategic and capital market initiatives [3][4]. Market Position and Catalog - Music Licensing, Inc. represents a catalog of over 2.5 million musical works by prominent artists, including A$AP Rocky, Pharrell, and Lil Uzi Vert, as well as works created using artificial intelligence [5][10]. - The company also holds royalty interests in Listerine "Mouthwash" Antiseptic and a portfolio of works by globally renowned artists such as The Weeknd and Justin Bieber [6][11].