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HWAL, Inc., Affiliate Lunar Records Fund #1, LLC, and Lunarbits Equity Fund Announce Definitive Joint Venture with South Korean Entertainment and K-POP Leader, AGINT Co., Ltd.. to Form Lunar Records Korea
LOS ANGELES, CA AND SEOUL, KR / ACCESS Newswire / June 11, 2026 / Lunar Records Fund #1, LLC (the "Fund"), a joint venture founded by Melody Trust, LLC, a subsidiary of HWAL, Inc., the SI Blue Foundation ("Space Blue"), and Lunarbits Equity Fund …
LOS ANGELES, CA AND SEOUL, KR / ACCESS Newswire / June 11, 2026 / Lunar Records Fund #1, LLC (the "Fund"), a joint venture founded by Melody Trust, LLC, a subsidiary of HWAL, Inc., the SI Blue Foundation ("Space Blue"), and Lunarbits Equity Fund today announced they have entered into a definitive joint venture agreement with AGINT Co., Ltd., a prominent South Korean entertainment company, to establish Lunar Records Korea. Lunar Records Korea will focus on K-Pop licensing, full 360-degree music artist arrangements, merchandising, television programming, and global content distribution across Asia, South Korea, North America, and worldwide markets.
The joint venture includes a $5 million matching fund program, under which the South Korean partners will invest $5 million to match dollar-for-dollar with U.S. partner funding. The funding process has an estimated 90-day window for completion, with operations commencing immediately upon allocation of the minimum capitalization by the South Korean partners.
An equity acquisition provision in the Fund includes a mandate to acquire Lunarbits, and HWAL common stock out of the public market, such that five percent (5%) of every dollar generated in revenues from the USA side of the venture will be used to purchase Lunarbits and five percent (5%) will be used to purchase HWAL shares.
Lunarbits will contribute its tokenized ecosystem, providing innovative rewards for fans, digital infrastructure, and enhanced fan engagement tools that will power the new venture.
The new venture expects to generate substantial revenues through K-Pop projects and a major collaboration with Stan Lee's Legion of 5, encompassing a movie, video game, and full 360-degree entertainment arrangement. Revenue streams will focus on merchandise, digital merchandise, and soundtrack exploitation (distinct from direct movie box office revenues). The Stan Lee "Legion of 5" soundtrack project will be curated by the award-winning producer Andrew Lane and Lunar Records. The Stan Lee movie soundtracks from "Guardians of the Galaxy" has exceeded $110 million in global sales to date.
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