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Auri Inc (AURI) and Hollywall Entertainment (HWAL) have announced a joint venture to develop a digital currency backed by rare music rights. The partnership leverages AURI’s cryptocurrency capabilities in Europe, particularly through their partnership with Moldova’s government, and HWAL’s subsidiary Melody Trust’s extensive music catalog.
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Melody Trust owns over 17,500 legendary music master recordings from iconic artists including Ray Charles, Elvis Presley, Frank Sinatra, and many others. These recordings have been preserved in a private vault for over 30 years. The companies are finalizing a definitive stock swap agreement expected to be signed within the coming week.
The venture aims to create a global digital marketplace for music, sports, memorabilia, and other merchandise, with both companies planning to announce additional collaborative initiatives in the coming weeks.
Auri Inc (AURI) e Hollywall Entertainment (HWAL) hanno annunciato una joint venture per sviluppare una valuta digitale supportata da diritti musicali rari. La partnership sfrutta le capacità di criptovaluta di AURI in Europa, in particolare attraverso la loro collaborazione con il governo della Moldova, e il vasto catalogo musicale della sussidiaria di HWAL, Melody Trust.
Melody Trust possiede oltre 17.500 registrazioni musicali legendarie di artisti iconici tra cui Ray Charles, Elvis Presley, Frank Sinatra e molti altri. Queste registrazioni sono state conservate in una cassaforte privata per oltre 30 anni. Le aziende stanno finalizzando un accordo definitivo di scambio azionario che si prevede venga firmato entro la prossima settimana.
La joint venture mira a creare un mercato digitale globale per musica, sport, memorabilia e altri articoli, con entrambe le aziende che pianificano di annunciare ulteriori iniziative collaborative nelle prossime settimane.
Auri Inc (AURI) y Hollywall Entertainment (HWAL) han anunciado una empresa conjunta para desarrollar una moneda digital respaldada por derechos musicales raros. La asociación aprovecha las capacidades de criptomoneda de AURI en Europa, particularmente a través de su colaboración con el gobierno de Moldavia, y el extenso catálogo musical de la subsidiaria de HWAL, Melody Trust.
Melody Trust posee más de 17,500 grabaciones maestras musicales legendarias de artistas icónicos como Ray Charles, Elvis Presley, Frank Sinatra y muchos otros. Estas grabaciones han sido preservadas en una bóveda privada durante más de 30 años. Las empresas están finalizando un acuerdo definitivo de intercambio de acciones que se espera se firme en la próxima semana.
La empresa conjunta tiene como objetivo crear un mercado digital global para música, deportes, objetos de colección y otros productos, con ambas compañías planeando anunciar iniciativas colaborativas adicionales en las próximas semanas.
Auri Inc (AURI)와 Hollywall Entertainment (HWAL)는 희귀 음악 권리가 지원하는 디지털 통화를 개발하기 위한 공동 프로젝트를 발표했습니다. 이 파트너십은 유럽에서 AURI의 암호화폐 능력을 활용하며, 특히 몰도바 정부와의 협력을 통해 이루어집니다. HWAL의 자회사인 Melody Trust의 방대한 음악 카탈로그도 포함됩니다.
Melody Trust는 Ray Charles, Elvis Presley, Frank Sinatra를 비롯한 아이코닉 아티스트들의 17,500개 이상의 전설적인 음악 마스터 녹음을 소유하고 있습니다. 이 녹음들은 30년 이상 사설 금고에 보관되어 있습니다. 두 회사는 다음 주에 서명될 예정인 최종 주식 교환 계약을 마무리하고 있습니다.
이 프로젝트의 목적은 음악, 스포츠, 기념품 및 기타 상품을 위한 글로벌 디지털 시장을 창출하는 것이며, 양사는 향후 몇 주 안에 추가적인 협력 이니셔티브를 발표할 계획입니다.
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Auri Inc (AURI) et Hollywall Entertainment (HWAL) ont annoncé un partenariat pour développer une monnaie numérique soutenue par des droits musicaux rares. Ce partenariat exploite les capacités de cryptomonnaie d’AURI en Europe, en particulier grâce à leur collaboration avec le gouvernement de Moldavie, ainsi que le vaste catalogue musical de la filiale de HWAL, Melody Trust.
Melody Trust possède plus de 17 500 enregistrements musicaux légendaires d’artistes emblématiques, notamment Ray Charles, Elvis Presley, Frank Sinatra et bien d’autres. Ces enregistrements ont été préservés dans un coffre-fort privé pendant plus de 30 ans. Les entreprises finalisent un accord définitif d’échange d’actions qui devrait être signé dans la semaine à venir.
Le projet vise à créer un marché numérique mondial pour la musique, le sport, les objets de collection et d’autres marchandises, les deux entreprises prévoyant d’annoncer d’autres initiatives collaboratives dans les semaines à venir.
Auri Inc (AURI) und Hollywall Entertainment (HWAL) haben ein Joint Venture angekündigt, um eine durch seltene Musikrechte unterstützte digitale Währung zu entwickeln. Die Partnerschaft nutzt AURIs Kryptowährungsfähigkeiten in Europa, insbesondere durch die Zusammenarbeit mit der Regierung von Moldawien, sowie das umfangreiche Musikarchiv von HWALs Tochtergesellschaft Melody Trust.
Melody Trust besitzt über 17.500 legendäre Musik-Masteraufnahmen von ikonischen Künstlern wie Ray Charles, Elvis Presley, Frank Sinatra und vielen anderen. Diese Aufnahmen wurden über 30 Jahre lang in einem privaten Tresor aufbewahrt. Die Unternehmen finalisieren derzeit eine endgültige Vereinbarung zum Aktienaustausch, die voraussichtlich in der kommenden Woche unterzeichnet wird.
Das Joint Venture hat das Ziel, einen globalen digitalen Marktplatz für Musik, Sport, Memorabilien und andere Waren zu schaffen, wobei beide Unternehmen planen, in den kommenden Wochen weitere gemeinsame Initiativen anzukündigen.
Positive
- Partnership with Moldova government facilitates fast-tracked cryptocurrency operations in Europe
- Access to valuable catalog of 17,500 rare music master recordings
- Expansion into digital currency market with asset-backed tokens
- Pending stock swap agreement between AURI and HWAL
Negative
- No specific timeline or financial terms disclosed for the venture
- Regulatory uncertainties in crypto-asset backing with music rights
AURI INC, and Hollywall Entertainment, Inc. (HWAL) Form New Crypto Currency Backed By Rare Music Rights.
DALLAS, TEXAS / ACCESSWIRE / January 10, 2025 / Auri, Inc. (“Auri”), is pleased to announce in tandem with Hollywall Entertainment, Inc. (“HWAL”), they have formed a new joint venture to develop a Digital Currency backed by rare music rights.
Recently Auri announced the ability to, issue and list new crypto currencies, process credit cards, and exchange tokens in Europe. Edward Vakser, AURI’s CEO is quoted as saying, “Due to the enthusiasm of our European partner, the government of Moldova, we have been fast tracked to introduce these new coins, with great anticipation to Europe in addition to the excited market that exists here in the US. We are excited to bring this new opportunity and add tremendous value to our shareholders. This Music backed venture is only the start of what we can accomplish with Hollywall in this new joint venture. We expect to announce additional plans benefiting both companies in the coming weeks.”
Roxanna Green, President of Hollywall Entertainment, Inc., stated “I have known Edward Vasker for over fifteen years and have been highly impressed with his decades of successful business operations in Audio and Video Production services, art collections, sports memorabilia and especially in the development of several properly launched utility tokens for his numerous enterprises. We are excited to marry our corporate assets, and talents with Eddie and his team for the development of a global digital marketplace for music, sports, memorabilia and other merchandise.”
HWAL’s wholly owned subsidiary, Melody Trust, Inc. www.melodytrust.com owns a music catalog consisting of over 17,500 legendary music master recordings performed by legendary Icons such as Ray Charles, Etta James, Jackson 5, Johnny Cash, Frank Sinatra, Elvis Presley, Tony Bennett, The Bee Gees, Chicago, Marvin Gaye, James Brown, Willie Nelson, Rod Stewart, Hall and Oates, James Taylor, Aretha Franklin and many other multiple platinum selling artists. The Melody Trust music recordings have been preserved in a private vault for over 30 years and contain some of the rarest and most coveted recordings from countless Legendary Iconic Music Recording Artists. Melody Trust was formed to protect and safeguard the royalty interests held by the music performers and music composers that produced the Melody Music catalog throughout the past century.
AURI and HWAL are preparing a definitive stock swap agreement consummating this arrangement and anticipate it’s signing in the coming week.
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About Auri Inc.
AURI Inc. as good as gold! The Company was formed by a group of investors whose talents and interests were based in Production, Content Development, Audio/Visual Presentations, Intellectual Properties Development, and acquisitions, as well as oil and gas and real-estate investments. The company launched its own Crypto Currency, www.Auritoken.io and has licensed its Art Inventory at nft/blackdracos.com. The management is based around seasoned corporate officers, directors and consultants who are experienced in management and mergers/acquisitions of multimillion dollar companies. The company’s plan and concept were developed and based around a plan of acquiring and developing High End Art and Reproductions, backed by AURI Gold Crypto Currency, focusing AURI INC to become a Publisher and Licensor as well as NFT developer. Then, retaining the duplication and reproduction rights, on an exclusive basis, in order to sell and distribute the products worldwide. The company and management believe that they can create, sustain and grow one of the largest art publishing companies in the world.
Corporate Communications:
[email protected]
+1 214-418-6940
Token Website: www.auritoken.io
Facebook: https://www.facebook.com/profile.php?id=100057444009513
TikTok: https://www.tiktok.com/@auri_otc?_t=8deaRcgzNs6&_r=1
Twitter: https://twitter.com/AURI_OTC
About Hollywall Entertainment, Inc.
Hollywall Entertainment, Inc. (HWAL), is an emerging publicly traded company that is engaged in the development, acquisition and investments in technology, media, and entertainment content, through its diverse range of subsidiaries and divisions. Hollywall remains dedicated to innovation and continuously adapts to the ever-evolving landscape of the new tech industries.
Corporate Communications:
Facebook: https://www.facebook.com/HWAL.Hollywall
Twitter: https://twitter.com/theHollywall
Instagram: https://www.instagram.com/thehollywall
HWAL: https://hollywall.com
Lunar Records: www.lunarrecords.com
Melody Trust: www.melodytrust.com
[email protected]
Safe Harbor Forward-Looking Statements:
This press release and the statements of representatives of Hollywall Entertainment, Inc. (the “Company”) related thereto contain, or may contain, among other things, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein, are “forward-looking statements,” including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as “guidance,” “projects,” “may,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “ultimately” or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results (including, without limitation, the Company’s ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
View the original press release on accesswire.com
FAQ
What is the new joint venture between AURI and Hollywall Entertainment?
AURI and Hollywall Entertainment are forming a joint venture to develop a digital currency backed by rare music rights, utilizing Melody Trust’s catalog of 17,500 legendary music master recordings.
How many music master recordings does Melody Trust own in the AURI-HWAL venture?
Melody Trust owns over 17,500 legendary music master recordings from artists like Ray Charles, Elvis Presley, Frank Sinatra, and many other platinum-selling artists.
When will AURI and HWAL finalize their stock swap agreement?
The companies expect to sign the definitive stock swap agreement within the coming week from the announcement date of January 10, 2025.
Which European country is partnering with AURI for cryptocurrency operations?
AURI has partnered with the government of Moldova to fast-track the introduction of their new cryptocurrency coins in Europe.
What types of services will the AURI-HWAL digital marketplace offer?
The global digital marketplace will offer music, sports memorabilia, and other merchandise, powered by their new cryptocurrency.
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