Music Licensing, Inc. Announces Intention to Apply for OTCID Basic Market Qualification
NAPLES, FL, June 24, 2025 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, today announced its intention to apply for qualification under the new OTCID Basic Market structure introduced by OTC Markets Group. The company expects to submit its application in the coming days as part of its ongoing commitment to transparency, regulatory compliance, and enhanced engagement with the investor community.
The OTCID Basic Market replaces the Pink Current Information tier and is designed to distinguish companies that provide baseline, reliable disclosure from those that do not. To qualify, issuers must meet disclosure standards similar to previous Pink Current Information requirements while also filing an annual Management Certification or 12g3-2(b) Certification, maintaining an up-to-date profile on www.otcmarkets.com, and authorizing their transfer agent to confirm share structure data directly with OTC Markets.
By pursuing OTCID Basic Market status, Music Licensing, Inc. reaffirms its dedication to corporate transparency and intends to maintain eligibility under SEC Rule 15c2-11. The company views this transition as a proactive step toward better serving its shareholders and the broader market..
Music Licensing, Inc. (OTC: SONG) is a diversified holding company and the fifth public performance rights organization (PRO) established in the United States. It is recognized under the federal registry of the United States government. The company licenses music to some of the most prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, and many others.
Pro Music Rights holds an estimated 7.4% market share in the United States, representing a catalog of more than 2.5 million works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and many others—including works generated by artificial intelligence (AI).