Business
Hollywall Entertainment Inc. (HWAL) Using Vast Music rights catalog to Build Networks, Revenues and Closing the Digital Divide
Hollywall Entertainment Inc. (HWAL) Using Vast Music rights catalog to Build Networks, Revenues and Closing the Digital Divide.
About this update from Hollywall Entertainment Inc.
[{"type":"text","content":"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 StewartThe 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 companiesHollywall 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 countryHollywall 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 achievementsAs 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 correlation...