Welcome to our dedicated page for Dolphin Entertainment news (Ticker: DLPN), a resource for investors and traders seeking the latest updates and insights on Dolphin Entertainment stock.
Dolphin Entertainment, Inc. (NASDAQ: DLPN) is a premier independent entertainment marketing and production company, led by CEO and Emmy-nominated producer Bill O'Dowd. The company has earned recognition for creating award-winning entertainment across various platforms and partnering with exceptional content creators, with programs seen in over 300 million homes across 100+ territories globally.
Dolphin Entertainment operates primarily through two segments: Entertainment Publicity and Marketing, and Content Production. The Entertainment Publicity and Marketing division, which generates the majority of Dolphin's revenue, provides diversified marketing services, including public relations, strategic marketing consulting, content marketing, and production of marketing materials. This division serves top brands in the motion picture, television, music, gaming, culinary, hospitality, and lifestyle industries.
The company's subsidiaries, including 42West, The Door, and Shore Fire Media, offer expert strategic marketing and publicity services and have been ranked among the top 50 PR firms in the United States. Additionally, Viewpoint Creative and The Digital Dept. provide comprehensive creative branding and production capabilities along with social media and influencer marketing services. The recent acquisition of Special Projects enhances Dolphin's offerings with talent booking and event production services for high-end clients in media, entertainment, and fashion industries.
Dolphin's content production heritage, under the leadership of Bill O'Dowd, includes producing multiple feature films and award-winning digital series. The company has also entered a multi-year agreement with IMAX to co-produce feature documentaries.
Recent significant developments include:
- October 2023: Acquisition of Premiere Talent Booking, Creative Content, and Event Agency, SPECIAL PROJECTS.
- January 2024: Introduction of Skin Care & Beauty Division within The Digital Dept.
- February 2024: Launch of Young Adult Division within The Digital Dept.
In Q4 2023, Dolphin achieved record revenue of $12.0 million, marking an 8% increase year-over-year despite industry-wide strikes. The company also reported positive Adjusted Operating Income of $0.3 million. Moving into 2024, Dolphin continues to focus on synergy and organic growth, post-acquisition strategy, aiming for sustained revenue growth and positive annual Adjusted Operating Income.
Key partnerships and projects include the launch of 'Staple Gin' with culinary icon Rachael Ray, strategic venue management with Oak View Group, and the promotion of new divisions within subsidiaries to capture market opportunities. Additionally, the company has celebrated the premiere of high-profile projects like Francis Ford Coppola's 'Megalopolis' and the animated feature 'Ghost Cat Anzu' at the Cannes Film Festival.
To learn more, visit: https://www.dolphinentertainment.com.
Dolphin Entertainment (NASDAQ:DLPN) has announced plans to launch a shareholder loyalty program in early 2025 through a partnership with TiiCKER, a shareholder loyalty and engagement platform. The program will offer verified shareholders tiered benefits based on their investment level, including exclusive access to premium brands, concerts, movie screenings, meet-and-greet experiences, discounts, and gift cards.
The initiative aims to strengthen connections with retail investors by providing unique rewards and experiences. Shareholders will be able to link their brokerage accounts to unlock benefits, with more details about the program's official name and launch date to be announced in the coming weeks.
Dolphin Entertainment (NASDAQ:DLPN) has acquired the rights to adapt Clare Mulley's award-winning biography 'The Woman Who Saved the Children' into a feature film. The book chronicles the life of Eglantyne Jebb, founder of Save the Children in 1919, which reached nearly 106 million children across 115 countries in 2023.
This project marks Dolphin's return to scripted storytelling, following their recent success with 'The Blue Angels' documentary, co-produced with IMAX and JJ Abrams, which became the #1 movie on Amazon Prime over Memorial Day Weekend. The adaptation aims to showcase Jebb's revolutionary work in establishing children's human rights and her legacy in creating one of the world's leading humanitarian organizations.
Elle Communications, a Dolphin (NASDAQ:DLPN) acquisition, announces multiple clients receiving prestigious Anthem Awards for their social impact work. The recognized projects span various sectors including health innovation, human rights, and anti-trafficking initiatives.
Notable winners include Seed Health for their VS-01™ Vaginal Synbiotic product, showing 90% success in clinical trials; Chamber of Mothers for community engagement, reaching 20 million people through maternal rights advocacy; Mónica Ramírez of Justice for Migrant Women for humanitarian leadership; and Laila Mickelwait for the Traffickinghub movement, which gathered over 2.3 million petition signatures against online exploitation.
Rachael Ray's Staple Gin has partnered with FreshDirect to offer exclusive holiday recipes through December 31st in the Tri-State area. The collaboration features curated recipes incorporating Staple Gin, from cocktails to desserts, with easy ingredient ordering through FreshDirect's delivery service. Dolphin Entertainment (NASDAQ:DLPN), through its subsidiary The Door, continues as the official creative marketing partner for Staple Gin, handling marketing initiatives and strategic partnerships. The partnership includes a sweepstakes offering a virtual cookalong with Rachael Ray, cookware, and a FreshDirect gift card.
Dolphin Entertainment (NASDAQ:DLPN) reported strong Q3 2024 financial results with revenue increasing 24.5% year-over-year to $12.7M. The company achieved $0.5M in adjusted operating income, compared to an $0.8M loss in Q3 2023. Nine-month revenue grew 26.6% to $39.4M with adjusted operating income of $1.4M. Despite positive operational performance, the company recorded a net loss of $8.7M, including $6.5M in goodwill impairment. Notable developments include the acquisition of Elle Communications, launch of Always Alpha sports management firm, and ventures in Staple Gin and Loti AI partnership. The company maintains $6.6M in cash and is on track to surpass $50M in revenue for 2024.
Dolphin Entertainment (NASDAQ:DLPN) has successfully regained compliance with NASDAQ's minimum bid price requirement. The company received official confirmation from NASDAQ's Listing Qualifications Department on November 13, 2024, after maintaining a closing bid price of $1.00 or higher for twenty consecutive business days. This fulfills the listing requirement under Rule 5550(a)(2) for continued listing on The NASDAQ Capital Market, and NASDAQ has now closed this matter.
Shore Fire Media, a subsidiary of Dolphin (NASDAQ:DLPN), announces that its clients have received 26 nominations for the 2025 GRAMMY Awards. Notable nominations include Jacob Collier with three nominations including Album of the Year, and first-time nominee Sierra Ferrell with four nominations including Best Americana Album. Other prominent nominees include Samara Joy, Aoife O'Donovan, and multiple gospel artists receiving nominations across various categories. The 67th GRAMMY Awards will be held at Crypto.com Arena in Los Angeles on February 2, 2025, broadcasting on CBS and streaming on Paramount+.
Dolphin (NASDAQ:DLPN), a leader in content production and entertainment marketing, has scheduled its Q3 2024 earnings conference call for November 14, 2024, at 4:30 PM ET. The call will discuss financial results for the quarter ended September 30, 2024. Interested parties can join via domestic (877-545-0320) or international (973-528-0002) lines using access code 345281. A webcast will be available, and replay options include both phone and web access.
Special Projects, a Dolphin (Nasdaq:DLPN) subsidiary specializing in celebrity booking and event production, served as the Talent Booking Partner for WSJ. Magazine's Innovator Awards at New York's Museum of Modern Art on October 29th. The event celebrated innovators across various fields including fashion, technology, sports, and entertainment. Partner Andrea Oliveri has been instrumental in curating honorees for nine consecutive years. This year's distinguished honorees included John M. Chu, Charli XCX, Tim Cook, Salma Hayek Pinault, Marc Jacobs, Saturday Night Live, and the WNBA. Notable presenters featured Penélope Cruz, Ariana Grande, Reese Witherspoon, and other A-list celebrities.
Dolphin (NASDAQ:DLPN) has partnered with Loti AI to protect brands, celebrities, and content creators against unauthorized online content use and deepfakes. The partnership provides Dolphin's clients access to Loti's AI tools that scan over 450 million images and video frames daily across various platforms. Loti's auto-takedown functionality boasts a 95% success rate within 17 hours for removing unauthorized content.
This collaboration marks Dolphin's entry into the AI space and expands its premium service offerings, opening new revenue opportunities in brand safety and content protection. The companies will also work together to develop new AI-powered solutions for evolving client needs in combating deepfakes and unlicensed content distribution.
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