NAPLES, FL - Music Licensing, Inc. (OTC:SONG), known in the music industry as Pro Music Rights, is considering a significant shift in its business strategy by establishing a proprietary trading subsidiary. The company, which currently holds a market share of 7.4% in the United States as a public performance rights organization, is exploring opportunities to diversify its portfolio by engaging in trading activities across various asset classes.
The proposed subsidiary would focus on assets such as equity, equity derivatives, fixed income, and alternative assets, including music intellectual property royalty stakes. This move is intended to leverage the company's existing expertise and to create new profit avenues within the financial markets.
Jake P. Noch, CEO of Music Licensing, Inc., stated, "The potential launch of a proprietary trading subsidiary represents a bold step forward for Music Licensing, Inc. as we seek to diversify our portfolio and capitalize on opportunities in the financial sector."
Music Licensing, Inc. assures its stakeholders that the development of the potential subsidiary will be approached with comprehensive due diligence, adherence to regulatory standards, and transparency. The company has committed to providing updates on the progress of this initiative.
Currently, Music Licensing, Inc.'s clientele includes prominent companies like TikTok, iHeart Media, and Vevo. The company also owns royalty stakes in music by well-known artists such as Elton John, Lil Nas X, and Miley Cyrus.
The information in this article is based on a press release statement from Music Licensing, Inc.
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