HWAL Inc., formerly Hollywall Entertainment, Inc. (OTC: HWAL), announces the launch of “Lunar Records”, a joint venture between HWAL subsidiary Melody Trust, LLC (“Melody Trust”), and SpaceBlue Enterprises, a pioneering label curating legendary iconic music for potentially eternal lunar preservation – since archiving of music on the Moon became a reality, when a time capsule landed there on 2.22.2024 containing HWAL’s one of a kind music catalog (the “Catalog”) along with numerous other projects tied to Lunar Records.
The Catalog is one of the largest independently owned music libraries in the world and comprises a prestigious collection of over 27,000 music recordings, showcasing among others the remarkable talents of numerous internationally acclaimed award-winning music legends. These recordings, some of which are extremely rare, encompass iconic performances by esteemed artists such as Ray Charles, Elvis Presley, Tony Bennett, Frank Sinatra, Jimi Hendrix, Chuck Berry, The Bee Gees, Chicago, The Platters, George Gershwin, Marvin Gaye, James Brown, Bo Didley, Willie Nelson, Waylon Jennings, Rod Stewart, and many others.
The most recent valuation for the Catalog was conducted by Sun Business Valuation, pursuant to which the fair market value of the Catalog was assessed to be approximately $146 million as of March 12, 2021 (in today’s dollars, considering inflation, the Catalog’s value is approximately $174,559,900, which on average is $9,974.00 per song). This prior valuation considered only 17,500 of the songs in the Catalog. HWAL is confident that the Catalog is far more valuable, because there are over 27,000 songs in total, and especially considering recent sales of so many large and small music catalogs.
The Lunar Records partnership was spotlighted earlier this year in Billboard Magazine [Link],
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