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, Inc. (NASDAQ: DLPN) announces that its subsidiary, The Door, has added Carbone Fine Food to its client portfolio. Carbone Fine Food specializes in premium sauces designed to allow consumers to prepare restaurant-quality meals at home, crafted by renowned chefs using high-quality ingredients. The collaboration aims to enhance Carbone's brand visibility, drive sales, and foster customer loyalty through comprehensive public relations and social media strategies. The Door, founded in 2008, focuses on building impactful brands across various sectors, including food and beverage. This partnership emphasizes Dolphin's commitment to expanding its clientele in the Consumer Packaged Goods (CPG) domain.
Dolphin Entertainment (NASDAQ:DLPN) reported financial results for Q4 and FY 2022, indicating a strong growth trajectory. Q4 revenue rose 6% to $11.1 million, while total revenue for the year increased 13% to $40.5 million. The company faced an operating loss of $4.6 million, improving from a $5.5 million loss in 2021. Despite a net loss of $4.7 million, which is also an improvement from the prior year, the company maintains robust operational goals. Key developments include the acquisition of influencer agency Socialyte and an anticipated revenue generation from upcoming projects like 'The Blue Angels' documentary, set for release in H2 2023.
Dolphin Entertainment has appointed Ellie Doty as Chief Marketing Officer, enhancing its leadership team. Doty, an industry veteran with over 20 years of experience, previously held CMO roles at notable brands such as Taco Bell and Burger King. In her new position, she will oversee branding, messaging, and communications for Dolphin and its investment ventures, reporting directly to CEO Bill O'Dowd. Her track record in designing effective marketing strategies and leading diverse teams is expected to drive significant business results and strengthen Dolphin's market position.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) announced a conference call on March 30, 2023, at 4:30 PM ET to discuss its financial results for Q4 and the full year ending December 31, 2022. Interested participants can join via a toll-free number or international line, using access codes provided. The call will also be available through a webcast with a replay option. Dolphin Entertainment is recognized as a premium entertainment marketing and content production company, with numerous accolades in PR services through its subsidiaries. Forward-looking statements indicate potential uncertainties impacting financial expectations.
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