Nuvus Gro Corp - NUVG stock
OTC Symbol: NUVG
About[edit]
Nuvus Gro Corp. (OTC: NUVG), based in Naples, Florida and founded in 2018 provides fee based music licensing services with monthly and annual payment plans for businesses that use music, including broadcast and cable networks; digital jukeboxes; television and radio stations; live concerts; satellite audio services; new media such as internet and streaming services; venues like bars, nightclubs, hotels, and restaurants. The usage fees collected are distributed to the songwriters, composers, and music publishers as royalties.[1]
Name Change[edit]
In a press released from July 2022, the company announced a name change to Music Licensing Inc. The name change reflects the company's new focus on music licensing and its recent acquisition of Syncalike. The company's CEO, Cameron Chell, explained that the new name better reflects the company's mission and strategy. "We believe that Music Licensing Inc. is a more accurate representation of our business and the direction we are taking," Chell said. "Our focus is on the licensing and monetization of music, and we are excited about the opportunities that lie ahead." The release also mentions that Music Licensing Inc. has signed agreements with major music publishers and labels, and that the company's technology platform allows for efficient licensing and distribution of music content.[2]
Nuvus Gro is showing as a private company on Yahoo Finance as of April, 2023.[3]
Significant Events[edit]
August 2022 - Announced a potential reverse stock split and exploring a restructuring of CEO Jake Noch's common stock holdings to a more shareholder friendly arrangement.[4]
August 2022 -Submitted request to FINRA to change the company name and stock symbol.[5]
August 2022 - Announced an increase in assets from $323 million as of 3/31/2022 to $432 million as of 6/30/2022.[6] The referenced EDGAR filing is an unaudited financial statement. This statement shows the assets as accounts receivable and deferred revenue.[7]
August 2022 - Completed a reverse merger with Nuvus Gro Corp.[8]
- ↑ Yahoo Finance. NUVG Profile. Retrieved on 8/28/2022.
- ↑ PR Newswire. Nuvus Gro Corp (OTC Pink: NUVG) announces Name Change to Music Licensing, Inc. July 29, 2022.
- ↑ Yahoo Finance. Nuvus Gro. Read on 4/23/2023.
- ↑ Globe Newswire. Pro Music Rights (OTC:NUVG) One of the World’s Largest Music Licensing Companies, Announces That It will explore a forward stock split. 8/25/2022
- ↑ Accesswire. Pro Music Rights (OTC:NUVG) One of the World’s Largest Music Licensing Companies, Announces That It Has Submitted a Request to FINRA To Change Its Name and Symbol. 8/25/2022
- ↑ GlobeNewswire. Industry Market Leader Pro Music Rights, Inc. (OTC: NUVG) Announces Q2 2022 Results with $432,579,903 in Assets with Significant Share Value Increase for Shareholders. 08/23/2022
- ↑ Sec.gov. PRO MUSIC RIGHTS, INC. FINANCIAL STATEMENTS (unaudited). June 30, 2022
- ↑ PR Newswire. Pro Music Rights, Inc., one of the world's largest music licensing companies, announces that it has closed on the agreement to go public via a Reverse Merger with Nuvus Gro Corp. 8/15/2022
