After a 13-year break from releasing music as Coconut Records, Jason Schwartzman has returned to his indie rock project, hinting that new music is on the way.

The soft reveal of the project’s revival was made last month, when Schwartzman’s friend and collaborator, Ben Kweller, announced his upcoming album, Cover the Mirrors, with Coconut Records listed as a featured artist on the tracklist.

Then, earlier this week, Schwartzman made like Bob Dylan and joined TikTok, adopting the username @coconutrecordsofficial and posting videos featuring old Coconut Records songs and hashtags like #jasonschwartzman and #nostalgiacore.

One video shows Schwartzman and Kweller on a FaceTime call, with the caption “Writing new Coconut Records on FaceTime be like.” Another video showed a still photo of the two together, with overlaid text reading, “Me and my friend Ben are writing and recording and we learned that if we get 1,000 followers we will be...