LOS ANGELES, CA AND SEOUL, KR, June 11, 2026 (Newswire.com) – 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.
Building on the momentum of major hit projects in the $31 billion dollar a year global music industry and $16 billion a year K-Pop segment (including historical proof of concept in projects like the #1 Netflix sensation Katsuya), the partnership aims to deliver high-impact collaborations in the global entertainment industry. The venture plans include at least one major collaboration with the iconic boy band BTS, while leveraging the global success of leading K-Pop and K-Pop inspired acts such as KATSEYE (the multinational girl group that delivered standout performances at Coachella 2026) and BLACKPINK (whose members, including Lisa, delivered memorable moments and surprise appearances at Coachella 2026).
Andrew Lane enjoys a 15-plus year collaboration with Momentum Studios head Dallas Santana. These Hollywood television, film, music, and entertainment executives bring together a superstar team. Andrew’s music producer credits are renowned for launching and shaping the careers of artists such as Sabrina Carpenter, his double platinum album with Miley Cyrus (Hannah Montana), Becky G, Coco Jones, and numerous Disney stars and a Billboard win on Disney’s “High School Musical”. Andrew will oversee the music collaborations and overall music plan for Lunar Records. He brings deep expertise in Nashville and country music, with extensive collaborations alongside respected figures including songwriter and artist Micah Roberts (Show Dog Nashville, multiple charting country releases), Jeff Moore, legendary songwriter Wayne Perry (writer of hits for Garth Brooks, Tim McGraw, and Brooks & Dunn), and Grammy-winning producer/guitarist Dan Huff (known for work with Shania Twain, Keith Urban, Rascal Flatts, and many others). These relationships provide a powerful bridge between Nashville’s rich storytelling traditions, Muscle Shoals, and broader pop and global markets.
Mr. Lane also serves as an advisor to both Lunar Records and Lunarbits and has been instrumental in attracting top social media talent and established stars to promote the ventures that crank up fan engagement. His roster of talent can reach over 2 billion viewers across social media channels on YouTube, Tik Tok, Instagram and X (f/k/a Twitter). Most recently, while beta testing our social media engagement platform, there were over one million enrollments through online contests for the Stan Lee’s Legion of 5 music and K-Pop contests, which were run by Lunar Records and LunarBits.
“Lunar Records Korea represents an exciting fusion of Korean entertainment excellence and innovative Western infrastructure,” said Andrew Lane. “By combining proven hit-making expertise with tokenized fan engagement and global 360-degree strategies, we are positioned to create unforgettable artist experiences and significant value for all stakeholders. I’m thrilled to oversee this music plan and help drive these collaborations forward, building on the incredible energy seen from groups like KATSEYE and BLACKPINK on stages such as Coachella.”
Revenue allocations, per the respective published private placement memorandum, will be distributed transparently to Lunar Records charter stakeholders per IRS guidelines and separately to Lunarbits Equity Fund token holders. Both token ecosystems represent preferred share interests. First quarterly dividends payable are scheduled for last quarter of this year
Explanatory Lunar Records video link https://vimeo.com/1199799252
