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Music Licensing, Inc.
- Market Cap
- Unavailable
- Price
- $0.0002
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 16.1M
About
Music Licensing, Inc., previously known as Nuvus Gro Corp., specializes in providing music licensing solutions, charging clients either monthly or annually. The company collects usage fees from a wide array of entities that incorporate music, spanning traditional broadcasters like television and radio stations, major broadcast and cable networks, and modern digital platforms such as internet and streaming services, along with satellite audio providers. They also generate revenue from physical establishments like nightclubs, hotels, bars, restaurants, various other venues, digital jukeboxes, and live concert events. A primary function of the company involves distributing these collected fees as royalty payments to songwriters, composers, and music publishers. Music Licensing, Inc. was founded in 2018 and is based in Naples, Florida.
Quick stats
Shares outstanding—
Computed float4.7K
Float / sharesUnknown
Key info
SectorCommunication Services
IndustryEntertainment
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001671132
Websitehttps://promusicrights.com
AI Summary
AI-generated1/3
minorneutralother
Music Licensing, Inc. (SONG) / Pro Music Rights Updates Standard Industrial Classification Code to 6189 - Asset-Backed Securities, Formalizing Its Structured Finance Identity
Music Licensing, Inc. (SONG) updated its Standard Industrial Classification (SIC) code to 6189 (Asset-Backed Securities) on the OTC Markets Group platform.
The reclassification aligns the company’s regulatory designation with its previously disclosed strategy to securitize licensee agreements, copyright infringement claims, and its litigation portfolio via a Special Purpose Vehicle (SPV).
The company noted it is exploring the use of an existing SPV affiliated with a control party to expedite the process and reduce formation costs, with further details to follow.
Red flags
- Strategy relies on securitizing litigation claims and copyright infringement, which are highly speculative and illiquid assets.
- No concrete timeline or executed transaction announced; still in 'exploring' and 'intends to form' stages.
- Company describes itself as a 'diversified holding company' with a complex mix of music licensing, litigation, and unrelated royalty interests (e.g., Listerine), raising governance and focus concerns.