Business
Hollywall Entertainment Restructures its Business and Capital Structure
Hollywall Entertainment Restructures its Business and Capital Structure.
About this update from Hollywall Entertainment Inc.
[{"type":"text","content":"\n \n Chairman and CEO Darnell Sutton of Hollywall Entertainment, Inc., (OTC \n Pink: HWAL), a global media and entertainment company, announced today \n that the company made major strides last year through restructuring its \n organization and its stock so that it can go forward in becoming a major \n media and entertainment conglomerate.\n \n \n Darnell said, “In addition to producing our own music and feature \n properties, our plan is to realize the valuable rights we hold in music, \n film, television, video and software game libraries and in providing \n exciting live event specials, music, radio, TV and movie entertainment. \n Moreover, HWAL is nearing completion of its robust digital network \n platform and database to support the media and entertainment industries \n that will revolutionize the property licensing process.”\n \n \n During 2015, Hollywall restructured HWAL stock, reorganized the company \n into business divisions that reflect their business lines and targeted \n markets and building the corporate infrastructure to support the \n company’s vision of becoming a global entertainment leader, according to \n Darnell.\n \n \n Major accomplishments of 2015:\n \n \n Hollywall introduced three business lines: hollywallmusic.com, \n hollywall.tv, and hwradio.com—they will comprise the Hollywall Digital \n Media division.\n \n \n In preparation for incoming senior management appointees, Co-Founder \n Roxanna Green is transitioning from the office of COO to assume the \n position of President of Hollywall Digital Media.\n \n \n The company continued the development of “Hollywall DNA-Net,” an \n electronic, real-time licensing process that simplifies the \n time-consuming procedure for obtaining rights by and for performers, \n composers, writers, content developers, producers, publishers, and \n copyright owners. Hollywall DNA-Net is a repository for artists’ works \n as well as an Electronic Digital Record Label, (“eLabel™”) through which \n they can market their works.\n \n \n On December 14, 2015, Hollywall signed an Asset Purchase Agreement with \n OpenVision Networks, Inc., www.openvisionnetworks.com, \n a web-based broadband digital communication company providing a \n high-definition television experience, including channels, pay-per-view \n and on-d...