NAPLES, Fla., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG) is pleased to announce the successful acquisition of intellectual property rights pertaining to Listerine Antiseptic, marking a significant advancement in the company's strategic growth initiatives.
Following a rigorous and competitive bidding process, Music Licensing, Inc. emerged as the victorious bidder for this esteemed asset, which boasts a distinguished 142-year history of revenue generation. This acquisition represents the culmination of our steadfast pursuit to secure a stake in the intellectual property rights for Listerine Antiseptic, a brand recognized for its enduring legacy and consistent financial performance.
The established agreement, dating back to 1881, confers upon Music Licensing, Inc. a royalty interest in the global sales of Listerine Antiseptic. This enduring agreement, fortified by legal precedent, ensures a reliable stream of revenue stemming from one of the most noteworthy transactions in American commercial history.
"We are thrilled to announce the acquisition of the intellectual property rights for Listerine Antiseptic," stated Jake P. Noch, CEO of Music Licensing, Inc. "This strategic move perfectly aligns with our corporate objectives and underscores our unwavering commitment to delivering value to our esteemed shareholders. We firmly believe that the inclusion of Listerine Antiseptic in our portfolio will fortify our market position and drive sustainable growth for our organization."
With this acquisition, Music Licensing, Inc. consolidates its presence in the intellectual property landscape and enhances its revenue-generating capabilities. The company remains steadfast in its dedication to exploring strategic opportunities that enhance shareholder value and position Music Licensing, Inc. for sustained success in the long term.
About Music Licensing, Inc.)
Music Licensing, Inc. (OTC: SONG) a diversified holding company, 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. Additionally, Music Licensing, Inc. (OTC: SONG) owns royalty stakes in Listerine "Mouthwash" Antiseptic as well as musical works by artists such as Elton John, Lil Nas X, Miley Cyrus, Lil Wayne, XXXTentacion, Halsey, and numerous others.
Forward-Looking Statements:
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.
Non-Legal Advice Disclosure:
This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.
Non-Investment Advice Disclosure:
This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication
Contact: investors@ProMusicRights.com
SOURCE: Music Licensing, Inc.
