Rihanna’s “Goodnight Gotham” Acquisition by Music Licensing, Inc. (OTC: SONG) Unlocks Significant Royalty Opportunities Across Global Platforms
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Naples, FL, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Rihanna’s hit track "Goodnight Gotham" has become a key asset in the expanding portfolio of Music Licensing, Inc. (OTC: SONG), following the company’s acquisition of the sound recording rights to the song. This strategic move complements Music Licensing, Inc.’s prior acquisition of the publishing rights to "Goodnight Gotham," providing the company with comprehensive control over one of the most celebrated works by the globally renowned artist. With over 250 million records sold and 14 Billboard No. 1 hits, Rihanna's catalog is a valuable asset in the global music rights market, and this acquisition positions Music Licensing, Inc. as a significant player in this fast-growing sector.
The sound recording rights will continue to be administered by Universal Music Group (EURONEXT: UMG) (OTC: UNVGY) (OTC: UMGNF), while the publishing rights are administered by Kobalt Music Group. By securing both the sound recording and publishing rights, Music Licensing, Inc. (OTC: SONG) now holds a full stake in the work, opening up diverse revenue streams from multiple platforms and media channels.
Value Proposition for Shareholders
This acquisition is a milestone for Music Licensing, Inc. (OTC: SONG), as it underscores the company’s commitment to acquiring high-value, royalty-generating assets that promise consistent and scalable income. The ownership of both sound recording and publishing rights unlocks multiple revenue opportunities, ensuring Music Licensing, Inc. can capitalize on every instance of "Goodnight Gotham" being played, streamed, or licensed.
Revenue Streams Across Global Platforms
The acquisition allows Music Licensing, Inc. to generate income across various platforms, including:
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Streaming Services: Royalties from top digital streaming platforms such as Spotify, Apple Music, Amazon Music, Deezer, Tidal, Tencent Music, and SoundCloud, ensuring consistent revenue from millions of listeners worldwide.
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Social Media and Short-Form Video: Revenue generated through platforms like TikTok and Instagram, where music is an integral part of user-generated content, presents further monetization opportunities for "Goodnight Gotham" through sync and performance royalties.
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Radio and Broadcast: Income from the song’s airplay on traditional and digital radio platforms, including iHeartMedia and SiriusXM, provides another consistent stream of royalties through public performance.
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Synchronization (Sync) Licensing: High-value opportunities arise from licensing "Goodnight Gotham" for use in films, TV shows, commercials, and video games. Rihanna’s widespread appeal makes this track a strong candidate for premium sync placements, driving significant revenue.