Core Points - Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, has submitted its application for qualification under the new OTCID Basic Market structure, aiming to enhance regulatory compliance and corporate transparency [2][3] - The OTCID Basic Market replaces the Pink Current Information tier, establishing a framework for issuers that meet baseline disclosure and compliance standards [3] - The company emphasizes its commitment to transparency and accountability to investors and stakeholders, focusing on responsible public company practices [4] Company Overview - Music Licensing, Inc. is a diversified holding company and the fifth public performance rights organization (PRO) in the United States, recognized under the federal registry [7] - The company licenses music to major platforms and businesses, including TikTok, iHeartMedia, and Vevo, holding an estimated 7.4% market share in the U.S. with a catalog of over 2.5 million works [8] - The company also holds royalty interests in various well-known musical works by globally recognized artists, including The Weeknd, Justin Bieber, and Rihanna [9]
Music Licensing, Inc. Announces Official Submission of OTCID Basic Market Application
GlobeNewswire News Roomยท2025-08-04 13:02