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

Core Insights - Music Licensing, Inc. has executed a retainer agreement with a PCAOB-registered audit firm for the review of its semi-annual financial statements for the period ending June 30, 2025 [2][4] - This engagement marks a significant step in the company's plan to adopt PCAOB-compliant financial reporting standards, enhancing transparency and regulatory compliance [3][5] - The company holds an estimated 7.4% share of the U.S. public performance rights market and manages a catalog of over 2.5 million musical works [6][11] Company Developments - The formal retention of the PCAOB-registered firm follows the company's announcement on July 2, 2025, regarding its intention to pursue annual audits and periodic reviews of financial statements [4] - The initiative aims to strengthen the integrity of the company's financial disclosures and build investor confidence [5][7] - Music Licensing, Inc. licenses music to major platforms such as TikTok, iHeartMedia, and Vevo, and holds royalty interests in notable works by artists like The Weeknd and Justin Bieber [6][12] Market Position - The company is recognized as the fifth public performance rights organization established in the United States [10] - It administers a diverse catalog that includes works generated through artificial intelligence platforms [6][11] - The steps taken by the company position it for operational growth and improved transparency in line with public company reporting standards [7]