Pro Music Rights, LLC, a Music
Performing Rights Organization Located in Naples, Florida,
Announced Today the First-ever Standardized Public Performance
Rights License
Naples, FL -- November 18, 2019 -- InvestorsHub NewsWire --
What is a stream worth? In other words, how much do I get paid for
a single stream? This is a question that I, Jake P. Noch, have
heard many times over the years while working in the music
industry. First as an artist and then as an owner of multiple
record labels and music publishing companies. Now as the
Chairman/CEO of Pro Music Rights LLC, I can answer the question. A
stream under Pro Music Rights, or any usage type for that matter,
is worth $0.01 USD. Today, November 13, 2019, Pro Music Rights is
announcing the first-ever standardized Public Performance Rights
license. This license will have a usage rate of $0.01 USD for every
usage to be paid fractionally based on the percentage controlled by
any musical composition under any of Pro Music Rights’ clients’
works registered with Pro Music Rights and will go directly to the
rights holders of the musical composition without Pro Music Rights
deducting an administrative percentage or utilizing a royalty pool
model. Instead, Pro Music Rights, as a for-profit Public
Performance Rights Organization, will charge a flat monthly
licensing fee of $2,500 USD in addition to the Usage Fees that are
paid 100% to rights holders. Every Pro Music Rights blanket license
agreement will require the use of a Pro Music Rights Music Tracking
system that will be both hardware & software based to ensure
accurate royalty Collections, Payment, &
Invoicing.
About Pro Music Rights, LLC. (ProMusicRights.com)
Pro Music Rights is the 5th ever formed public performance
rights organization (PRO) in the United States, that controls an
estimated market share of 7.4% in the USA and that represents over
2,000,000 works that feature such notable acts as A$AP Rocky, Wiz
Khalifa, Pharrell, Young Jeezy, OG Maco, the late Nipsey Hussle,
and many others. Pro Music Rights pays 100% of all public
performance royalties directly to the performers, songwriters,
publishers, and legally entitled rights holders who have joined Pro
Music Rights on a monthly basis. Jake P. Noch founded Pro Music
Rights in January of 2018 and serves as the company’s CEO after
experiencing firsthand the systematic issues that plague the field
of public performance rights, and hinder the livelihood of
performers, songwriters, publishers, and the creative community as
a whole. For more information, please visit promusicrights.com.
Forward-Looking Statements
Certain information set forth in this presentation contains
“forward-looking information”, including “future oriented financial
information” and “financial outlook”, under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, information
contained herein constitutes forward-looking statements and
includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company’s business, projects
and joint ventures; (iv) execution of the Company’s vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company’s projects; (vi) completion of the
Company’s projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company’s
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management’s beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance
and undue reliance should not be placed on them. Such
forward-looking statements necessarily involve known and unknown
risks and uncertainties, which may cause actual performance and
financial results in future periods to differ materially from any
projections of future performance or result expressed or implied by
such forward-looking statements.
Although forward-looking statements contained in this
presentation are based upon what management of the Company believes
are reasonable assumptions, there can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. The Company undertakes no
obligation to update forward-looking statements if circumstances or
management’s estimates or opinions should change except as required
by applicable securities laws. The reader is cautioned not to place
undue reliance on forward-looking statements.