Marketing over 17,500 catalogs of master recordings by music legends including Ray Charles, Jackson 5, Sinatra, Dolly Parton, Elvis and Rod Stewart: $HWAL
Hollywall Entertainment, Inc. (OTCMKTS:HWAL)
WASHINGTON, DC, UNITED STATES, Nov. 9, 2022 /EINPresswire.com/ — The music and sports entertainment powerhouse sponsors the Coppin State University basketball and golf teams. HWAL represents some of today’s hottest talent: Hollywall Entertainment, Inc. (stock symbol: HWAL)
Marketing of over $146 million in catalogs of master recordings by music legends including Ray Charles, Jackson 5, Sinatra, Dolly Parton, Elvis and Rod Stewart: Hollywall Entertainment, Inc. (stock symbol: HWAL) HWAL
Business investments include broadband and 5G networks, IoT, smart city technologies, energy, teleservices, transport and green environments.
Developing innovative technology for real-time royalty payments to music authors, performers and publishing professionals.
Using the Company’s extensive music catalog to enter the emerging field of blockchain technology and non-fungible tokens (“NFTs”).
Hollywall Entertainment, Inc. (OTC: HWAL) is a telecommunications, technology, media, entertainment and broadcasting company that operates through its various subsidiaries, including: Hollywall Development Company (HWDC), HW Vision and HW Latlong among several Departments including HW School of Communications, Hollywall Music, Hollywall TV, HW Productions, HW Networks, HWRadio, HWGOV and The Hollywall Foundation.
HWAL owns the exclusive and non-exclusive rights to market, produce and distribute music master recordings created by legends such as Ray Charles, Ella Fitzgerald, The Jackson 5, Frank Sinatra, Dolly Parton, Elvis Presley, The Bee Gees, Chicago, Rod Stewart and others are listed.
HWAL is led by Founder, President and CEO Darnell Sutton, an award-winning visionary, strategist and entrepreneur. Mr. Sutton brings years of experience and talents as a seasoned professional in the fields of music recording, television production and broadcasting, sports and music celebrity management, and film distribution.
HWAL builds, restores and creates “smart” cities/communities and fiber optic networks across the United States. HWAL’s services, initiatives and investments include broadband and 5G networks, IoT, smart city technologies, energy, telemedicine, teleeducation, transport, clean water, waste management and the development of green environments.
HWAL’s job growth opportunities continue to attract the industry’s best, brightest and most experienced executives to join its employees, as well as its ongoing efforts to build highly effective and profitable strategic partnerships with investment banks, global private equity funds, public finance and asset management firms, construction and engineering firms , telecommunications companies, federal agencies, state and local governments, non-profit organizations, religious organizations and housing authorities.
Some HWAL initiatives include:
Design, engineering, construction, operation and deployment of 5G infrastructure, rural and urban wireless and broadband telecommunications network infrastructure.
Promotion, development and implementation of entrepreneurial and economic development opportunities for minority enterprises (MBEs).
Working with Historically Black Colleges and Universities (HBCUs) and Tribal Colleges and Universities (TCUs) to solve the challenges of delivering broadband in vulnerable communities.
Installing Rural Broadband Connectivity in farming-rich communities ensures farmers can maintain and improve sustainable practices with digital tools, among other initiatives from HWAL.
Huge music rights to build networks, revenue and bridge the digital divide
On November 2, HWAL announced that it is using its music catalog rights to grow the company’s revenues and develop innovative technology systems to pay music authors, publishers and performing artists real-time royalties.
The HWAL holdings include the rights to a catalog of over 17,500 master recordings performed by music legends from Ray Charles to Rod Stewart. HWAL has been successful in licensing and realizing revenue from its music catalog and is seeking and evaluating strategic relationships to expand sales and licensing of its extensive music library.
HWAL is also using its music catalog to enter the world of blockchain technology and non-fungible tokens (“NFTs”), which have a market cap of approximately US$31.4 billion, according to a recent report by Blockworks OpenSea Polygon NFT Sales On Track to Hit -$2.2 million by the end of January – Blockworks has skyrocketed from $80 million just a few years ago.
HWAL is dedicated to expanding its networks into underserved or unserved communities with a vision to increase access to technology and thereby improve socioeconomic equity and achievement
As stated in the article US Morgan Stanley Research Compares Radio and Music Streaming Audiences (radiotoday.com.au), “MRC Data, a music research firm affiliated with Billboard Magazine, reports that total music consumption in 2021 will increase by 11.3 % is up, driven by continued growth Audio Streaming:
“There is a growing buyer’s market: public and private funds have acquired music licensing rights and sold them to investors, many of whom are attracted by the income these funds can offer, with potentially low correlations to other financial assets. Investors spent more than $5 billion on music rights acquisitions in 2021 alone,” says an article published by Morgan Stanley, Selling Your Music Catalog: 5 Questions to Ask | Morgan Stanley,
The 2010s saw an uptick in music catalog acquisitions, a trend that only accelerated in the 2020s. A January 2021 Rolling Stone Magazine article detailed this “catalog acquisition madness” noting that even investment and management firms and Wall Street corporations had gotten into the music business by owning rights to the creative Bought Works by Famous Musicians, Music Catalogs Are Selling for Serious Cash. Now Wall Street wants to be there – Rolling Stone)
“Right now, the gorillas in this jungle include Larry Mestel’s Primary Wave and Merck Mercuriadis’ Hipgnosis Songs Fund, two investment and management firms: in 2021 alone, the latter firm acquired copyrights and/or revenue streams from Neil Young, Fleetwood Mac’s Lindsey Buckingham “Shakira and Jimmy Iovine,” reads the article. “This isn’t the first time in recent memory that Wall Street mammoths have gotten involved in the inner workings of the music business,” the article continues subsequently issued for legendary music catalogs such as Bob Marley’s.”
Master recordings generate revenue through a variety of avenues, namely sampling, streaming and purchases/downloads, public broadcast, and use in television, film, and advertising. Second, and according to a 2020 Variety Magazine article, “Publishing assets are currently at multiples well over 12, with master rights slightly lower but increasing in value. It could be 20 times that in five to 10 years – the value keeps going up.” Scooter Braun Sells Taylor Swift’s Big Machine Masters for Big Payday – Variety
Completion of the 2020 and 2019 audits
On June 29, HWAL announced the completion of its Public Company Accounting Oversight Board United States (PCAOB) audited financial statements for the fiscal years ended December 31, 2020 and 2019.
The completion of this review, along with the upcoming completion of the 2021 review, forms the basis for HWAL to qualify as a fully reporting issuer with the SEC. In addition, HWAL has submitted its application to be included in the OTC Markets Group’s OTCQB Venture Market.
DISCLAIMER: This article is for informational purposes only and is in no way a recommendation to buy or sell any stock
Darnell Sutton, CEO
Hollywall Entertainment, Inc.
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HWAL legacy of music