Loop Media receives ASCAP demand letter; $1.175M debt accelerated due to default

Loop Media, Inc.

On July 8, 2025, Loop Media received ASCAP demand declaring $1,175,000 owed under Settlement Agreement immediately due and payable.
Acceleration triggered by failure to cure default on payment obligations under the Dec 6, 2024 Settlement Agreement.
If unable to comply, ASCAP may seek all legal and equitable remedies; no assurance on outcome.

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