Music Licensing, Inc. Unveils Ambitious Plans for New Subsidiary and Strategic Expansion
January 18, 2024 at 10:48 am EST
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Music Licensing, Inc. announced not only a transformative change in its corporate purpose but also the exploration of a new frontier. The company's Board of Directors has not only resolved to shift its focus to that of a diversified holding company but is actively considering the establishment of a proprietary trading subsidiary. As part of this ambitious move, Music Licensing, Inc. is exploring the potential of launching a proprietary trading firm specializing in assets such as equity, equity derivatives, fixed income, and alternative assets, including music intellectual property royalty stakes.
This strategic initiative aims to leverage the company's expertise and explore new avenues for profit generation within the financial markets. The proposed subsidiary would enable Music Licensing, Inc. to actively engage in trading and investment activities, further strengthening its position as a dynamic and adaptive player in both the music and financial industries. The company recognizes the unique potential within the realms of equity, derivatives, fixed income, and alternative assets, including stakes in music intellectual property royalties.
Music Licensing, Inc. assures its stakeholders that any developments related to the potential subsidiary will be conducted with thorough diligence, adherence to regulatory standards, and a commitment to transparency. The company will provide updates on the progress of these initiatives as they unfold. Shareholders and interested parties are encouraged to stay informed about Music Licensing, Inc.'s dynamic expansion through official channels.
Music Licensing, Inc., also known as Pro Music Rights, is a diversified holding company. The Company operates through its subsidiary, Pro Music Rights Inc. (Pro Music Rights), which is a public performance rights organization (PRO) that represents songwriters, composers, and music publishers. Its licensees include notable companies, such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and others. Pro Music Rights represents over 2.5 million 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, Soulja Boy, Lud Foe, SlowBucks, Gunplay, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, 2 Chainz, Gucci Mane, Young Dolph, Fall Out Boy, as well as Artificial Intelligence (AI) Created Music. It also owns royalty stakes in Listerine Mouthwash Antiseptic as well as musical works by artists such as Elton John, Lil Nas X, DaniLeigh, Rihanna, and others.