Blueface's 'Stop Cappin' Acquired by Music Licensing, Inc.

Deal News | Dec 09, 2024 | Globenewswire

Blueface's 'Stop Cappin' Acquired by Music Licensing, Inc.

Music Licensing, Inc., also known as Pro Music Rights and traded under OTC: SONG, has acquired a stake in the royalties of Blueface's hit track 'Stop Cappin'. Blueface, who gained fame with his viral hit 'Thotiana', has continued to build a strong presence in the hip-hop industry with hard-hitting tracks like 'Stop Cappin'. This acquisition aligns with Music Licensing, Inc.'s strategy of investing in culturally impactful and commercially successful music, ensuring an enduring stream of royalty income. The rights to 'Stop Cappin' will remain under third-party administration, while Music Licensing, Inc. will accumulate passive royalty revenues. Music Licensing, Inc. is noted for its extensive portfolio of intellectual properties, including music by prominent artists like The Weeknd, Justin Bieber, Kanye West, and others, and holds a 7.4% market share in the U.S. public performance rights market. Forward-looking statements within the announcement underscore potential uncertainties and disclaim legal and investment advice.

Sectors

  • Music Industry
  • Finance & Investments

Geography

  • United States – Relevant as Music Licensing, Inc. operates and holds a market share in the U.S., with a focus on U.S.-based musical works and artists.

Industry

  • Music Industry – Relevant due to Music Licensing, Inc.'s acquisition of music royalty rights and their extensive involvement with artist IPs.
  • Finance & Investments – Relevant due to the nature of the transaction being a financial investment in music royalties.

Financials

  • Not disclosed – The financial terms of the royalty stake acquisition for Blueface's 'Stop Cappin' were not disclosed.

Participants

NameRoleTypeDescription
Music Licensing, Inc.AcquirerCompanyA diversified holding company involved in the acquisition of intellectual property and royalties, also known as Pro Music Rights.
BluefaceTarget ArtistPersonA hip-hop artist known for his hit 'Thotiana' and the track 'Stop Cappin', whose music royalties were acquired.