WASHINGTON, DC / ACCESSWIRE / November 2, 2022 / Hollywall Entertainment Inc. (OTC PINK:HWAL), ("Hollywall," "HWAL" or "The Company"), an entertainment media and broadcasting, multi-faceted telecommunications, technology, and sports NIL and programming company, is using its music catalog rights to expand the Company's revenues and develop innovative technology systems to provide real time royalty payments to music writers, publishers and performing artists.
The Company's holdings include the rights to a catalog of over 17,500 master recordings performed by music legends ranging from Ray Charles to Rod Stewart
The Company has been successful in licensing and realizing revenue from its Music Catalog and is seeking and reviewing strategic relations to expand sales and licensing of its expansive music library.
As of December 2019, the company's music library was valued at $146 million.
The music industry has witnessed an upsurge in music catalog acquisitions by investment and management firms and leading music companies
Hollywall Entertainment Inc. is a technology and broadcasting company using an enormous variety of resources under its corporate umbrella to extend wireless and broadband networks and related services across the country
Hollywall is also using its music catalog to enter the world of blockchain technology and non-fungible tokens ("NFTs"), which has a market cap of about $31.4 billion, according to a recent report by Blockworks OpenSea Polygon NFT Sales On Track to Hit 2.2M by End of January - Blockworks rising astronomically from $80 million just a few years ago.
Hollywall is dedicated to extending its networks to underserved or unserved communities, with a vision of improving access to technology and thereby improving socio-economic equality for opportunities and achievements
As stated in the article US Morgan Stanley research compares radio and music streaming audiences (radiotoday.com.au) "MRC Data, a music research company associated with Billboard magazine reports that overall music consumption grew 11.3% during 2021, due to continued growth in audio streaming
"There's a growing market of buyers: Public and private funds have been obtaining music royalty rights and selling them to investors, many drawn to the income these funds may provide, with potentially low correlations to other financial assets. Investors spent more than $5 billion on music-rights acquisitions in 2021 alone", Stated in article published by Morgan Stanley Selling Your Music Catalog: 5 Questions to Ask | Morgan Stanley,
The 2010s saw an upsurge in music catalog acquisitions, a trend that only accelerated into the 2020s. Describing this "catalog acquisition frenzy," a January 2021 Rolling Stone Magazine article observed that even investment and management firms and Wall Street companies had entered into the music business by buying rights to famous musicians' creative works, Music Catalogs Are Selling for Serious Cash. Now Wall Street Wants In - Rolling Stone)
"Right now, the gorillas in this jungle include Larry Mestel's Primary Wave and Merck Mercuriadis's Hipgnosis Songs Fund, two investment and management firms: in 2021 alone, the latter company acquired copyrights and/or income streams from Neil Young, Lindsey Buckingham of Fleetwood Mac, 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. "In 2016, BlackRock (a company with $7.8 trillion in assets under management) led a $300 million investment into Primary Wave - money that was subsequently spent on legendary music catalogs like Bob Marley's."
Master recordings earn revenue through various avenues, namely sampling, streaming and purchases/downloads, public broadcast, and use in television, film, and commercials. Secondly and according to a 2020 Variety Magazine article, "Publishing assets are currently running at multiples well over 12 with master rights slightly lower but increasing in value… In five to 10 years, it might be 20x - the value continues to rise" Scooter Braun Sells Taylor Swift's Big Machine Masters for Big Payday - Variety
With a fair value of about $146 million as of December 31, 2019, according to an intangible asset valuation prepared by Sun Business Valuation and available on the HWAL's website www.hollywall.com, Hollywall's master recordings are believed to only be bound to increase in value as time progresses, positioning HWAL for growth well into the future.
Led by Chairman and CEO Darnell Sutton, who brings years of experience as well as numerous talents as a seasoned professional within the music recording, television production and broadcasting, sports and music celebrity management, and film distribution segments, Hollywall is favorably poised as one of the entertainment industry's most exciting companies.
About Hollywall Entertainment, Inc.
Hollywall Entertainment, Inc. (OTC:HWAL) is a telecommunications, infrastructure, 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 to include HW School of Communications, Hollywall Music, Hollywall TV, Hollywall Sports, HW Productions, HW Networks, HWRadio, HWGOV and The Hollywall Foundation. HWAL continues to maximize rights to its music, film, television, home videos and software game libraries. Hollywall owns exclusive and nonexclusive 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, Tony Bennett, The Bee Gees, Chicago, The Platters, George Gershwin, Marvin Gaye, James Brown, The Who, Janis Joplin, Rolling Stones, Nat King Cole, John Lee Hooker, Willie Nelson, Rod Stewart, Hall and Oates, James Taylor, Etta James, Aretha Franklin, and other multiple-platinum-selling acts. Learn more at www.hollywall.com.
HWDC is working to restore and create "smart" cities/communities and fiber networks throughout the U.S. HWDC services, initiatives and investments include broadband and 5G networks, IOT, smart city technologies, energy, tele-medicine, tele-education, transportation, clean water, waste management and the development of green environments.
Some of HWAL initiatives include:
Designing, engineering, constructing, operating, and providing 5G infrastructure, Rural and Urban Wireless and Broadband Telecommunications Network Infrastructure,
Fostering, developing, and implementing entrepreneurial and economic development opportunities for minority business enterprises (MBEs),
Working in partnership with Historically Black Colleges and Universities (HBCUs) and Tribal Colleges and Universities (TCUs) to solve the challenges of deploying broadband in vulnerable communities, and
The installation of Rural Broadband Connectivity throughout agriculturally-rich communities ensures farmers can maintain and increase sustainable practices using digital tools, among other initiatives of the Company.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and, as such, may involve risks and uncertainties. These forward-looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from those expressed or implied in such forward-looking statements as a result of a wide range of factors.
Hollywall Entertainment, Inc.
202-827-2220
[email protected]
Corporate Communications:
Instagram: https://www.instagram.com/hollywalltv
Facebook: https://www.facebook.com/HWAL.Hollywall
Twitter: https://twitter.com/theHollywall
SOURCE: Hollywall Entertainment Inc.
View source version on accesswire.com:
https://www.accesswire.com/723505/Hollywall-Entertainment-Inc-HWAL-Using-Vast-Music-rights-catalog-to-Build-Networks-Revenues-and-Closing-the-Digital-Divide
Related Quotes
The Canadian Cancer Society (CCS), CQDM, the Cole Foundation and Oncopole – pôle cancer du FRQS announced, today, grants of $ 8,485,132 to finance four research projects in Quebec, as part of the Pediatric Cancer Research Initiative. This funding, which will take place over three years, is part of a unique partnership created to support pediatric cancer research, which has mobilized many donors, stakeholders and companies based in Quebec.
Chancellor Olaf Scholz makes an inaugural visit to China on Friday that will be closely watched for clues on how serious Germany is about reducing its economic reliance on Asia's rising superpower and confronting its Communist leadership. His one-day visit on Nov. 4, will make Scholz the first G7 leader to visit China since the start of the COVID-19 pandemic and the first to meet Chinese President Xi Jinping since he consolidated his grip on power at a Communist Party Congress. Deep trade ties bind Asia and Europe's biggest economies, with rapid Chinese expansion and demand for Germany's cars and machinery fueling its own growth over the past two decades.
More hikes are likely coming. Can your portfolio handle it?
When Lumen Technologies (NYSE: LUMN) closed its two asset sales and appointed a new CEO over the past couple of months, it seemed highly probable that the company would cut its dividend. Is this a sign of Lumen's impending demise, or can the business be turned around? With a new CEO and a better balance sheet thanks to recent asset sales, Lumen could be an interesting stock for deep-value investors, as dividend seekers sell off their shares.
In this article, we discuss the 15 best high volume penny stocks to buy now. If you want to read about some more high volume penny stocks, go directly to 5 Best High Volume Penny Stocks to Buy Now. Penny stocks had become an important indicator of the overall health of the stock market in […]
Shares of Nutrien (NYSE: NTR) took a dive today after the fertilizer company posted weak results on the top and bottom lines and got hit by a slowdown in potash demand. Overall results were strong as the company continued to benefit from higher overall fertilizer prices, but the potash issues weighed on the stock. A reduction in potash purchasing in North America and Brazil led to the weaker-than-expected results as high prices and higher inventory levels from a weather-shortened spring planting season seemed to impact demand for the crop nutrient.
Shares of Axsome Therapeutics (NASDAQ: AXSM) were soaring 12.7% higher as of 11:19 a.m. ET on Thursday. Perhaps the most likely explanation for Axsome jumping today is that large institutional investors could be buying the biotech stock. Another possibility is that some short-sellers are covering their positions, creating upward pressure on the share prices in the process.
SAO PAULO (Reuters) -Brazilian state-run oil company Petrobras will distribute dividends of around 43.68 billion reais ($8.5 billion) on its third quarter results, the firm said on Thursday, amid controversy over its massive payouts. Petroleo Brasileiro SA, as it is formally known, has been a cash cow for its investors in recent quarters, including the Brazilian government, which owns a controlling stake in the company. For a second consecutive quarter, the firm will pay out to its shareholders at least double the amount distributed by each of the five biggest Western oil producers - Exxon Mobil Corp, Chevron Corp., Shell PLC, TotalEnergies and BP.
Shares of insurance company Lincoln National (NYSE: LNC) are down 32.5% as of 12:59 p.m. ET in response to what can only be considered a disastrous third-quarter report. For the three-month stretch ending in September, Lincoln National turned $4.6 billion worth of revenue into a loss of nearly $2.6 billion, or a loss of $15.17 per share. The insurer's quarterly results also reflect "unfavorable notable items" totaling $2 billion worth of charges — an adverse impact of $11.62 — linked to a yearly review of its deferred acquisition costs and subsequent changes to its reserve assumptions.
The global economy is on the path to hyperinflation and risks societal collapse if soaring prices are not brought under control, one of the world’s biggest hedge funds has warned.
Bionano Genomics, Inc. (BNGO) delivered earnings and revenue surprises of 8.33% and 7.78%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
The president of macroeconomic research firm Lamoureux & Co., Yves Lamoureux, sees up years in the medium to long-term for stocks, even if Powell threw a "short-term wrench in the engine."
Yahoo Finance Live anchors discuss quarterly earnings for Lumen.
Yahoo Finance's Allie Canal breaks down quarterly earnings for Warner Bros. Discovery, restructuring costs, and the company's guidance.
Tyra Banks is worth an estimated $90 million, according to CelebrityNetWorth.com, but the supermodel and businesswoman, who grew up pinching pennies, admits she has trouble spending money and actually ‘saved to a fault.’
Lithium Americas (NYSE: LAC), a late-development-stage lithium miner, announced on Thursday that it plans to split into two public companies. Lithium Americas stock is up 4% on Thursday as of 12:59 p.m. ET. Lithium stocks have garnered much investor attention over the last year because lithium prices have skyrocketed due to soaring demand for the material, which has boosted the profits of major lithium producers.
One thing investors are not lacking for after 2022’s market rout: beaten-down stocks going for cheap compared to levels seen at the start of the year. The problem is how can investors sift through the stock debris to pick out the names which will dust themselves down and push ahead again? As with anything, there are multiple ways to run a stock through the litmus test, but one tried-and-true method is to watch out for the moves the insiders make. These corporate officers know the inner workings
Shares of Zoetis (NYSE: ZTS) were falling today after the animal pharmaceutical company posted disappointing results in its third-quarter earnings report, missing the mark on both top and bottom lines, and lowered its guidance for the year. Management cited challenges with supply chain, labor shortages, and currency headwinds due to the stronger dollar. Adjusting for currency exchange, net income was up 2%, and a lower tax rate in the year-ago quarter also impacted results.
Tech giants Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT) were among the companies that posted disappointing quarterly results and saw their stock prices subsequently plunge. With powerful brands such as Windows, Office, Android, and Google between them, Alphabet and Microsoft have had unquestionable impacts on consumer technology and are still likely to continue doing so well into the future. As a result, you might be wondering which is the better buy: Alphabet or Microsoft?
Lincoln National's (LNC) third-quarter results reflect higher benefit costs and lower account values, partly offset by a well-performing Group Protection segment.
