Prior to acting, Schwartzman was the Drummer and a Songwriter for the band Phantom Planet. Despite leaving the band, music remains one of his passions. He appeared in the music video for the rock remix of "It's All About the Benjamins" by Puff Daddy, and contributed to Ben Lee's 2005 album Awake Is the New Sleep. In 2007, he created the indie rock solo act Coconut Records. The first album, entitled Nighttiming, was produced by Michael Einziger and features a cover photo from Roman Coppola. The album was first released on iTunes on March 20, 2007. His second album, Davy, was released on iTunes on January 20, 2009. Schwartzman performed the musical score for Funny People and the theme song for Bored to Death. He has also written tracks for Smallville and Slackers. Schwartzman also played the drums on Phoenix's rendition of The Beach Boys' song "Alone on Christmas Day" in 2015. The song was featured in Bill Murray's Netflix special, A Very Murray Christmas.