NAPLES, FL - Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, has recently received its first royalty payments amounting to $6,345.97 USD. The payments come from a roster of globally recognized artists, including Elton John, Miley Cyrus, Lil Wayne, Lil Nas X, XXXTENTACION, and Halsey. This initial revenue is a significant milestone for the company, marking a successful step in its diversification and innovation efforts.
In light of this achievement, the company has disclosed a strategy to scale its operations. It aims to acquire an additional $5 million USD in music intellectual property royalty stakes. This aggressive move is designed to reinforce Music Licensing, Inc.'s foothold in the music industry and build on its recent success.
The company projects an annual positive cash flow of $793,246.25 USD, which it sees as crucial to its future growth, including plans to uplist to the NYSE American. The decision to uplist will be contingent on the company's ability to demonstrate sustained positive and recurring cash flow.
Music Licensing, Inc. is also exploring opportunities beyond the music industry, eyeing potential acquisitions in the financial sector, including proprietary trading firms. These steps are part of a broader vision to establish the company as a diversified holding enterprise.
The company's portfolio includes a 7.4% market share in the United States, representing over 2.5 million works with artists such as A$AP Rocky, Wiz Khalifa, and Pharrell among others. Its licensees include well-known entities like TikTok, iHeart Media, and Triller.
The information provided in this article is based on a press release statement from Music Licensing, Inc.
InvestingPro Insights
As Music Licensing, Inc. (OTC: SONG) celebrates its initial royalty payments and outlines its strategy for growth, insightful metrics from InvestingPro provide a deeper look into the company's financial health. With a market capitalization of just $0.32 million USD, the company has a remarkably low P/E ratio of 0.04, which may intrigue value investors. The adjusted P/E ratio for the last twelve months as of Q3 2023 drops even further to 0.01, suggesting an even more pronounced undervaluation based on earnings.
Two notable InvestingPro Tips for Music Licensing, Inc. include the expectation of net income growth this year and the payment of a significant dividend to shareholders. These factors could be a draw for investors seeking growth potential paired with income. Additionally, with analysts predicting profitability this year and the company's liquid assets exceeding short-term obligations, there is a sense of financial stability that might reassure investors considering this stock.
For those interested in further analysis, InvestingPro offers additional tips on Music Licensing, Inc., providing a comprehensive view of the company's financial outlook. The InvestingPro subscription is now on a special New Year sale with a discount of up to 50%. Use coupon code SFY24 to get an additional 10% off a 2-year InvestingPro+ subscription, or SFY241 to get an additional 10% off a 1-year InvestingPro+ subscription.
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