Hollywall Entertainment Inc. (OTC:HWAL) is a legacy entertainment company that boasts a significant catalog with rights to as many as 27,000 songs. On February 5, the company entered the news cycle after it announced that it was in the process of creating a transition team. The team would play a major role in guiding the company’s move into becoming a fully fledged, advanced technology-centric company.
The company added that following the transformation, it would continue to look for revenues and sales from its existing music library. The company also noted that a major announcement would also be made in February with regards to the latest opportunities to emerge for Hollywall Entertainment. The company noted that in its quest to navigate the new opportunities and avenues, it had decided to assemble a team comprised of a wide range of experts to work on its transition team.
The experts would provide their expertise, knowledge, strategic focus, and fresh insights to help with the process. The team would be made up of executives from the industry who had not worked with Hollywall previously. They would contribute towards the growth, rebranding, and future positioning of the company in multiple technology industries. A number of measures had already been put in place in order to facilitate the transition plan.
There would be a rebranding of Hollywall, and that would include a change in name, image, and likeness. Additionally, a new board of directors would be put in place, and a new management team would work on managing the future initiatives of the company. Other moves would include the sale of the library and the identification of appropriate merger and acquisition candidates. Last but not least, it was also noted that steps would also be taken to bring about improvements to the capital structure of the company.