Business
Hollywall Entertainment, Inc. (HWAL) Forms Strategic Alliance with LIG Assets, Inc. (LIGA) to Unlock the Monetization Potential of its Entertainment Assets
Hollywall Entertainment, Inc. (HWAL) Forms Strategic Alliance with LIG Assets, Inc. (LIGA) to Unlock the Monetization Potential of its Entertainment Assets.
About this update from Hollywall Entertainment Inc.
[{"type":"text","content":"WASHINGTON, DC / ACCESSWIRE / June 29, 2023 / Hollywall Entertainment Inc. (OTC Pink:HWAL), a prominent developer, telecommunications, technology, media, sports, entertainment, and broadcasting company, is pleased to announce its entry into a Strategic Alliance with Nashville-based LIG Assets, Inc. (OTC Pink:LIGA), a publicly traded sustainability-oriented holding company with a focus on sustainable housing, media, and logistic markets. Both HWAL and LIGA are investing in various companies and advancing projects, both individually and collaboratively, across industries such as AI, Data Center and Analytics, IA, Blockchain, Music NFTs, Crypto, Fintech, and sustainable housing.Marvin Baker, President of LIG Assets and Chairman of the Board, emphasized the exceptional synergies between our organizations and expressed his confidence in the readily available capabilities, services, direct marketing, and distribution channels to support Hollywall Entertainment's ultimate goal of monetizing its music and entertainment catalog. Baker added, "Having witnessed our clients' remarkable success with Hollywall's catalog in the past, we recognize its significant value and the unlimited potential revenue it can generate."Roxanna Green, President of Hollywall Entertainment, Inc., shared her enthusiasm for the multitude of opportunities arising from this strategic alliance, which will greatly benefit the interests of all shareholders in the near term. She highlighted LIGA's successful track record in direct marketing, sales, music, TV, film production, and syndication, combined with Hollywall Entertainment's extensive media and entertainment holdings. Ms. Green confidently stated, "This partnership is the perfect recipe for tremendous future revenue growth, increased earnings, and share price appreciation for both LIGA and HWAL."The global non-fungible token (NFT) market is projected to reach USD $211.72 Billion by 2030, with a compound annual growth rate (CAGR) of 34.2% from 2023 to 2030, according to a recent report by Grand View Research, Inc. The growing demand for digital art worldwide is one of the major factors driving the NFT (non-fungible token) market growth. Digital art is defined as the art that is displayed or created using digital technologies.Market.us reports that the desire to create music from text has paved ...