Marketing over 17,500 Master Recording Catalogs of Music Legends Including Ray Charles, Jackson 5, Sinatra, Dolly Parton, Elvis and Rod Stewart : $HWAL
Hollywood Entertainment, Inc. (OTCMKTS:HWAL)
WASHINGTON, United States, Nov. 9, 2022 /EINPresswire.com/ — Music and Sports Entertainment Powerhouse Sponsor of Coppin State University’s basketball and golf teams. HWAL represents some of the hottest talent today: Hollywall Entertainment, Inc. (Stock symbol: HWAL)
Marketing Over 17,500 Master Recording Catalogs of Music Legends Including Ray Charles, Jackson 5, Sinatra, Dolly Parton, Elvis and Rod Stewart valued at over $146 million: Hollywall Entertainment, Inc. (Stock symbol: HWAL) $HWAL
The company’s investments include broadband & 5G, IOT, smart city technologies, energy, tele-services, transportation and green environments.
Developing innovative technology for real-time royalty payments to music writers, performers and publishing professionals.
Using the Vast Company music catalog to enter the emerging field of Blockchain technology and Non-Tradeable Tokens (“NFTs”).
Hollywood 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, and multiple divisions that include HW School of Communications, Hollywall Music, Hollywall TV, HW Productions, HW Networks, HWRadio, HWGOV and The Hollywall Foundation.
HWAL owns exclusive and non-exclusive rights to market, manufacture and distribute music master recordings performed 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.
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, rehabilitates and builds “smart” cities/communities and fiber optic networks across the US. HWAL services, initiatives and investments include broadband and 5G networks, IOT, smart city technologies, energy, telemedicine, tele-education, transport, clean water, waste management and green development.
HWAL’s employment growth opportunities continue to attract the industry’s best, brightest and most experienced corporate executives to join its staff, as well as its ongoing efforts to develop highly effective and profitable strategic partnerships with investment banks, global private equity, public finance and wealth management companies, construction and engineering companies, telecommunications companies, federal agencies, state and local governments, non-profit organizations, faith-based organizations and housing authorities.
Some HWAL initiatives include:
Design, engineering, construction, operation and provision of 5G infrastructure, rural and urban wireless and broadband telecommunications infrastructure.
Promote, develop and implement business and economic development opportunities for minority business enterprises (MBEs).
Partnering with Historically Black Colleges and Universities (HBCUs) and Tribal Colleges and Universities (TCUs) to solve the challenges of deploying broadband to vulnerable communities.
The deployment of Rural Broadband Connectivity in rural affluent communities ensures that farmers can maintain and increase sustainable practices using digital tools, among other HWAL initiatives.
Massive music royalties for networking, revenue and closing the digital divide
On November 2 HWAL announced that it is using its music catalog royalties to expand the Company’s revenue and develop innovative technology systems to provide real-time royalty payments to music writers, publishers and artists.
HWAL’s holdings include the rights to a catalog of more than 17,500 master recordings performed by music legends from Ray Charles to Rod Stewart. HWAL has been successful in licensing and monetizing its Music Catalog and is seeking and reviewing 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 has a market capitalization of approximately $31.4 billion, according to a recent report by Blockworks OpenSea Polygon NFT Sales On Track to Hit 2.2 Million by End of January – Blockworks is growing astronomically from $80 million just a few years ago.
HWAL is dedicated to expanding its networks into underserved or underserved communities with a vision of improving access to technology and thereby improving socioeconomic equity for opportunity and achievement
As stated in the article, US Morgan Stanley research compares radio and streaming music audiences (radiotoday.com.au) “MRC Data, a music research firm associated with Billboard magazine reports that overall music consumption increased by 11.3 % in 2021, due to the continuous growth of streaming audio:
“There is a growing buyer’s market: Public and private funds acquire music rights and sell them to investors, many attracted by the income these funds can provide, with potentially low correlations to other financial assets. Investors spent more than 5 billion dollars for music rights acquisitions in 2021 alone,” according to an article published by Morgan Stanley Selling Your Music Catalog: 5 Questions to Ask | Morgan Stanley,
The 2010s saw a surge in music catalog acquisitions, a trend that only accelerated in the 2020s. Describing this “catalog acquisition frenzy,” a January 2021 Rolling Stone magazine article noted that even investment and management firms and Wall Street firms had entered the music business by buying rights to creative works of famous musicians, Music Catalogs Are Selling for Serious Cash. Now Wall Street Wants In – Rolling Stone)
“Currently, the gorillas in this jungle include Larry Mestel’s Primary Wave and Merck Mercuriadis’ Hipgnosis Songs Fund, two investment and management companies: only in 2021, the latter company acquired copyright and/or income from Neil Young, Fleetwood Mac’s Lindsey Buckingham, Shakira and Jimmy Iovine,” the article states. This is not the first time in recent memory that Wall Street mammoths have meddled in the inner workings of the music business,” the article continues. “In 2016, BlackRock (a firm with $7.8 trillion in assets under management) led a $300 million investment in Primary Wave – money that was then spent on legendary music catalogs like Bob Marley’s.”
Master recordings earn revenue through various avenues, namely sampling, streaming and purchases/downloads, public broadcasting, and use in television, film, and commercials. Second and according to a 2020 Variety Magazine article, “Publishing assets are currently running at multiples of well over 12 with master rights slightly lower but increasing in value. In five to 10 years, it could be 20 times – value continues to rise” Scooter Braun Sells Taylor Swift’s Big Machine Masters for Big Payday – Variety
Completion of 2020 and 2019 audits
On June 29, HWAL announced the completion of its United States Corporate Accounting Oversight Board (PCAOB) audited financial statements for the fiscal years ended December 31, 2020 and 2019.
The completion of this audit, along with the pending completion of its audit in 2021, sets the stage for HWAL to qualify as a fully reporting issuer with the SEC. Further, HWAL has applied to be listed on the OTC Markets Group OTCQB.
DISCLAIMER: This article is purely for informational purposes and is not a recommendation in any way to buy or sell stocks
Darnell Sutton, CEO;
Hollywood Entertainment, Inc.
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HWAL Legacy of Music