Music Licensing, Inc. (OTC: SONG) Successfully Reduces Authorized Shares by 90%
Naples, FL, Nov. 16, 2023 (GLOBE NEWSWIRE) — Music Licensing, Inc., a leading figure in the music licensing industry (OTC: SONG), proudly announces the successful completion of a significant reduction in authorized shares, decreasing the total from 20,000,000,000 to 2,000,000,000. This bold move reflects the company’s commitment to strategic financial management and enhancing shareholder value.
The decision to reduce the authorized shares by 90% is a result of careful consideration and strategic planning by the company’s leadership, including CEO Jake P. Noch. This reduction underscores Music Licensing, Inc.’s dedication to aligning its capital structure with the company’s operational needs and the interests of its shareholders.
Jake P. Noch, CEO of Music Licensing, Inc., expressed enthusiasm about the milestone, stating, “We are pleased to announce the successful reduction of our authorized shares by 90%. This strategic move demonstrates our commitment to optimizing our capital structure, promoting financial efficiency, and, most importantly, enhancing shareholder value.”
The reduction in authorized shares is expected to have a positive impact on the company’s stock performance and underscores Music Licensing, Inc.’s commitment to responsible corporate governance. The move reflects a proactive approach to capital management, ensuring that the company is well-positioned for future growth and strategic initiatives.
Shareholders and investors can be confident that the leadership team will continue to focus on driving sustainable value and growth for Music Licensing, Inc. This reduction in authorized shares is part of the company’s broader strategy to create a more streamlined and efficient capital structure.
About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)
Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is the 5th public performance rights organization (PRO) to be formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works that feature notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as Artificial Intelligence (A.I.) Created 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 intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.
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