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Dolphin Entertainment's "The Blue Angels" Crosses $2,000,000 at the Box Office and Soars to the Top of Prime Video

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Dolphin Entertainment's film 'The Blue Angels' has crossed the $2 million mark at the box office and debuted at #1 on Prime Video over the Memorial Day holiday. The film grossed $2,082,327 in its one-week IMAX run, including $1,404,820 from its Top 10 debut. After its successful IMAX run, the film continues to play in select theaters and is one of the highest-grossing documentaries of 2024. It launched on Prime Video on May 23 and topped the U.S. film charts over Memorial Day. The film's executive producers include Dolphin Entertainment CEO Bill O'Dowd and VP of Development and Production Emerson Davis.

Positive
  • ‘The Blue Angels' grossed $2,082,327 in its one-week IMAX run.
  • The film achieved a Top 10 debut, earning $1,404,820.
  • 'The Blue Angels' continues to play in select theaters.
  • It is one of the highest-grossing documentaries of 2024.
  • The film debuted at #1 on Prime Video over Memorial Day.
  • Dolphin Entertainment has a multi-year agreement with IMAX to co-produce feature documentaries.
Negative
  • No specific financial data or projections beyond the initial performance figures are disclosed.
  • Potential over-reliance on 'The Blue Angels' success; future projects' performance remains uncertain.

Insights

Dolphin Entertainment's recent performance with The Blue Angels showcases a positive trend for the company's content production arm. The film's $2,082,327 box office achievement in a week, including a Top 10 IMAX debut, indicates strong market acceptance. This financial success boosts the company's revenue and strengthens its position in the documentary segment.

Short-term investors might find this beneficial as it could lead to a positive impact on the next earnings report. However, it's important to observe if Dolphin can maintain such performance across other projects. The partnership with IMAX and the film's top ranking on Prime Video suggest potential for more lucrative content deals in the future, but consistency will be key.

Rating: 1

The Blue Angels topping Prime Video charts indicates significant market interest. This success reflects well on Dolphin Entertainment's strategy of leveraging multi-platform releases, combining theatrical runs with streaming. The ability to top charts showcases effective marketing and content appeal, which can attract additional investment and partnership opportunities.

For long-term investors, Dolphin's diversification in entertainment marketing and content production is promising. However, the volatile nature of the entertainment industry means sustained success will depend on continued high-quality, market-relevant productions.

Rating: 1

The performance of The Blue Angels on Prime Video also demonstrates the growing importance of streaming platforms in content distribution. The film's success highlights Dolphin's ability to navigate the digital transformation in the entertainment industry effectively. This agility in embracing new distribution channels is a positive indicator for the company's adaptability and future growth in a tech-driven market.

This trend reduces dependency on traditional box office revenue and capitalizes on the broader reach of digital platforms, which is important in the current entertainment landscape where streaming dominates.

Rating: 1

LOS ANGELES, CA / ACCESSWIRE / May 29, 2024 / Dolphin Entertainment, Inc. (NASDAQ:DLPN), a leading entertainment marketing and premium content production company, saw its film "The Blue Angels" cross a box office milestone and debut at #1 on Prime Video over the Memorial Day holiday frame. The film's one week IMAX run grossed $2,082,327, including a Top 10 debut with $1,404,820. "The Blue Angels" continues to play in select theaters following its successful IMAX run and is one of the highest grossing documentaries of 2024. The film launched on Prime Video May 23 to subscribers worldwide and sat on top of the streamer's U.S. film charts over Memorial Day. Dolphin Entertainment CEO Bill O'Dowd and VP of Development and Production Emerson Davis are executive producers on "The Blue Angels."

About Dolphin Entertainment, Inc.

Dolphin Entertainment is a prominent independent entertainment marketing and production company. Through its subsidiaries, 42West, The Door, and Shore Fire Media, the company offers expert strategic marketing and publicity services to top brands in the film, television, music, gaming, and hospitality industries. All three PR firms have consistently ranked among the top 50 PR firms in the United States. Viewpoint Creative and The Digital Dept. complement these efforts with complete creative branding and production capabilities, as well as social media and influencer marketing services. Dolphin's most recent acquisition, Special Projects, provides talent booking services and event production for high-end clients in the media, entertainment, and fashion industries. Dolphin's legacy content production business, founded by Emmy-nominated CEO Bill O'Dowd, has produced multiple feature films and award-winning digital series. Dolphin has also entered into a multi-year agreement with IMAX to co-produce feature documentaries. To learn more, visit: https://www.dolphinentertainment.com.

This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, Dolphin Entertainment Inc.'s offering of common stock as well as expected financial and operational results and the related assumptions underlying its expected results. These forward-looking statements are distinguished by the use of words such as "will," "would," "anticipate," "expect," "believe," "designed," "plan," or "intend," the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, Dolphin Entertainment's actual results may differ materially from the results discussed in its forward-looking statements. Dolphin Entertainment's forward-looking statements contained herein speak only as of the date of this press release. Factors or events Dolphin Entertainment cannot predict, including those described in the risk factors contained in its filings with the Securities and Exchange Commission, may cause its actual results to differ from those expressed in forward-looking statements. Although Dolphin Entertainment believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved, and Dolphin Entertainment undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.

Contact:

James Carbonara/Hayden IR
(646)-755-7412
james@haydenir.com

SOURCE: Dolphin Entertainment, Inc.



View the original press release on accesswire.com

FAQ

How much did 'The Blue Angels' gross during its IMAX run?

'The Blue Angels' grossed $2,082,327 in its one-week IMAX run.

When did 'The Blue Angels' debut on Prime Video?

'The Blue Angels' launched on Prime Video on May 23.

What is the box office debut figure for 'The Blue Angels'?

The box office debut for 'The Blue Angels' was $1,404,820.

What position did 'The Blue Angels' reach on Prime Video?

'The Blue Angels' debuted at #1 on Prime Video over Memorial Day.

Who are the executive producers of 'The Blue Angels'?

The executive producers are Dolphin Entertainment CEO Bill O'Dowd and VP of Development and Production Emerson Davis.

What is Dolphin Entertainment's latest achievement?

Dolphin Entertainment's latest achievement is the success of 'The Blue Angels' at the box office and on Prime Video.

Dolphin Entertainment, Inc.

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