Core Viewpoint - Music Licensing, Inc. and its subsidiary Pro Music Rights are considering legal action against Representative Scott Fitzgerald and legacy performing rights organizations for allegedly false and defamatory statements aimed at suppressing independent competition in the U.S. music licensing market [1][2][5]. Group 1: Legal Actions and Responses - Pro Music Rights and Music Licensing, Inc. reject a recent Congressional letter, claiming it contains politically motivated and factually inaccurate assertions about their business and commitment to independent music creators [2]. - The company believes that Representative Fitzgerald's request for a Federal Trade Commission investigation is based on selective claims from industry players threatened by PMR's market presence [3]. - PMR is exploring legal remedies against Fitzgerald for defamation and considering antitrust litigation against the MIC Coalition and incumbent PROs for efforts to suppress competition [9]. Group 2: Market Position and Practices - PMR holds an estimated 7.4% market share in the U.S., representing over 2.5 million works from notable artists [14]. - The company has consistently disclosed its licensing practices and market share in official filings, countering claims of deceptive practices [4]. - PMR advocates for fair treatment of historically marginalized creators, emphasizing its disruptive impact on the traditional PRO landscape [8]. Group 3: Industry Dynamics and Criticism - The MIC Coalition, which includes various trade associations, has historically advocated for reduced music licensing costs, often at the expense of fair compensation for creators [7]. - Incumbent PROs have previously sought antitrust relief when their market power was scrutinized, yet now leverage political influence to maintain dominance [6]. - The scrutiny faced by PMR highlights the resistance from established players to its creator-centric business model [8]. Group 4: Commitment to Creators - PMR emphasizes its commitment to defending independent creators and ensuring fair compensation through advocacy and litigation [12]. - The company calls for direct engagement with independent songwriters and rightsholders to address misrepresentations and uphold copyright integrity [11]. - Chairman Jake P. Noch has faced personal attacks, which he categorically rejects, asserting that no authority has found misconduct by him or PMR [10].

Core Points - Music Licensing, Inc. has uplisted to the OTC ID Market Tier of OTC Markets Group, enhancing its visibility and compliance in public markets [2][3] - The uplisting is seen as a significant milestone for the company, aimed at expanding its shareholder base and improving liquidity [4] - The company holds a 7.4% market share in the U.S. music licensing industry, with a catalog of over 2.5 million works from notable artists [7] - Music Licensing, Inc. also has royalty interests in various well-known musical works and brands, further diversifying its portfolio [8] Company Overview - Music Licensing, Inc. is recognized as the fifth public performance rights organization in the U.S. and licenses music to major platforms like TikTok and iHeartMedia [6] - The company is committed to long-term value creation and strong corporate governance, as stated by its spokesperson [4] Market Position - The company’s catalog includes works from prominent artists such as The Weeknd, Justin Bieber, and Kanye West, indicating a strong presence in the music industry [8] - The uplisting to OTC ID is expected to support the company's growth strategy, including acquisitions and enforcement of royalty rights [4]

Core Points - Music Licensing, Inc. has uplisted to the OTC ID Market Tier of OTC Markets Group, enhancing its visibility and compliance in public markets [2][3] - The uplisting is seen as a significant milestone for the company, aimed at expanding its shareholder base and improving liquidity [4] - The company holds a 7.4% market share in the U.S. music licensing industry, with a catalog of over 2.5 million works from notable artists [7] Company Overview - Music Licensing, Inc. is a diversified music rights and royalty holding company, recognized as the fifth public performance rights organization in the U.S. [6] - The company licenses music to major platforms such as TikTok, iHeartMedia, and Vevo, among others [6] - It holds royalty interests in various well-known musical works, including those by artists like The Weeknd, Justin Bieber, and Rihanna [8]

Core Insights - Music Licensing, Inc. is undergoing a financial review and anticipates uplisting to the OTC ID Market Tier, which is expected to enhance transparency and market visibility for shareholders [2][4][5] Financial Review - The company's PCAOB-registered audit firm is reviewing its semi-annual financial statements, which are expected to be finalized and released later this month or in early September [3] Uplisting Progress - Pending final approval of its OTC ID application, Music Licensing, Inc. expects to be listed on the OTC ID Market Tier within the next week, which will streamline investor communications [4][5] Corporate Governance - The company is committed to maintaining high standards of financial reporting and corporate governance, with the completion of the financial review and uplisting being crucial for its public market position and long-term growth strategy [5] Market Position - Music Licensing, Inc. holds an estimated 7.4% market share in the U.S. music licensing industry, with a catalog of over 2.5 million works from notable artists [10] - The company licenses music to major platforms such as TikTok, iHeartMedia, and Vevo, among others [9]

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]

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]

Core Insights - Music Licensing, Inc. and its subsidiary Pro Music Rights are recognized as innovators in the music licensing industry, addressing the rising costs and complexities faced by restaurants and bars [2][3] - Pro Music Rights is positioned as a scalable, technology-driven alternative in the fragmented licensing environment, promoting transparency and accessibility [3][4] Industry Coverage - Recent articles from Bloomberg News and the Los Angeles Times highlight the operational challenges small and mid-sized businesses face due to increasing music licensing fees [3] - The coverage emphasizes the need for reform in the music licensing sector, showcasing Pro Music Rights as a solution [3] Licensing Model - Pro Music Rights has developed a modernized licensing framework that offers a flat monthly rate of $50 per location, simplifying budgeting for businesses [8] - The company employs a usage-based structure with fees capped at $0.01, ensuring fairness and eliminating arbitrary charges [8] - Clear and accessible terms are promoted to build long-term trust and compliance among clients [8] Market Position - Pro Music Rights holds an estimated 7.4% share of the U.S. performance rights market, with a catalog of over 2.5 million works, including music created with artificial intelligence [5][15] - The artist roster includes prominent names such as A$AP Rocky, Wiz Khalifa, and Pharrell, enhancing the company's market relevance [5][15] Strategic Partnerships - The catalog is licensed to major platforms like TikTok, iHeartMedia, and Vevo, reinforcing the company's strategic reach in the licensing landscape [6][14] Intellectual Property Portfolio - Music Licensing, Inc. maintains a diversified intellectual property portfolio, including royalty interests in Listerine® Mouthwash and works by globally recognized artists [9][16] - This asset mix reflects a strategic focus on acquiring and monetizing high-value intellectual property with recurring income potential [10] Regulatory Engagement - The company actively engages with the U.S. Copyright Office and industry stakeholders to advocate for reforms that enhance transparency and competitive balance in music licensing [11]

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].