Music Licensing, Inc. (OTC: SONG) has finalized the acquisition of royalty rights to ‘Thank God I Got It’ by Desiigner. This acquisition bolsters Music Licensing, Inc.’s extensive and diverse portfolio of music royalties, which includes works by icons such as Elton John, Rihanna, and Kanye West. CEO Jake P. Noch emphasized the strategic value of this addition, highlighting its potential for generating robust royalty streams and enhancing the company’s asset base. Music Licensing, Inc. is a diversified holding company and the fifth public performance rights organization in the U.S., holding a 7.4% market share and representing over 2,500,000 works by notable artists. The company’s strategy focuses on acquiring high-quality, revenue-generating assets to ensure sustainable revenue and cultural relevance.
Music Industry, Intellectual Property,United States
https://www.globenewswire.com/news-release/2024/09/03/2939814/0/en/Music-Licensing-Inc-OTC-SONG-Announces-Acquisition-of-Royalty-Rights-to-Thank-God-I-Got-It-by-Desiigner-Bolstering-Its-Diverse-and-Star-Studded-Portfolio.html