Auri, Inc. announced in tandem with Hollywall Entertainment, Inc. they have formed a new joint venture to develop a Digital Currency backed by rare music rights.Auri coins. HWAL's wholly owned subsidiary, Melody Trust, Inc. 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.
