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) celebrates its subsidiary Shore Fire Media for achieving a record 43 nominations for the 2023 GRAMMY Awards, surpassing the previous record of 38 in 2005. Notable nominations include Song Of The Year for Bonnie Raitt's 'Just Like That' and Best New Artist for Samara Joy. Several artists earned multiple nominations, including Maverick City Music (5), Bonnie Raitt (4), and PJ Morton (3). The awards ceremony will be held on February 5, 2023, at the Crypto.com Arena, Los Angeles.
Dolphin Entertainment (NASDAQ: DLPN) announced the acquisition of Socialyte, a leading influencer marketing agency based in New York. This addition enhances Dolphin's portfolio alongside Be Social and renowned PR firms like 42West and Shore Fire Media. Socialyte, with a team of 40 and over 125 influencers, collaborates with major brands such as Amazon and Olay, securing thousands of campaigns annually. Dolphin CEO Bill O'Dowd highlighted the growth potential in influencer marketing, emphasizing the synergy between Socialyte and existing agencies.
Dolphin Entertainment (NASDAQ:DLPN) reported a 5% increase in Q3 2022 revenue, reaching $9.9 million compared to $9.4 million in Q3 2021, on track to exceed $40 million in annual revenue.
However, the company faced a net loss of $1.3 million for the quarter and a working capital surplus of $2.1 million, down from $3.3 million YoY. They acquired Socialyte and launched new marketing initiatives, including the successful NFT collection, Creature Chronicles, selling out in 90 minutes.
Dolphin Entertainment (NASDAQ:DLPN) has successfully acquired Socialyte, a prominent influencer marketing agency, enhancing its position in the entertainment marketing space. Socialyte, founded in 2011, boasts a strong roster of over 125 influencers and executes thousands of campaigns annually with major brands like Amazon and Cartier. This acquisition is expected to drive growth in the influencer marketing sector, which has surged from under $2B in 2016 to an estimated $14B in 2022. CEO Bill O'Dowd notes this partnership will solidify Dolphin's leadership in this rapidly expanding market.
Dolphin Entertainment (NASDAQ:DLPN) will host a conference call on November 14, 2022, at 4:30 PM ET to discuss financial results for Q3 2022, concluding September 30. Participants can dial in 5-10 minutes early using toll-free number 800-225-9448 or 203-518-9708 internationally, with access code DOLPHIN. The call will also be available via webcast. Dolphin is recognized for its marketing and production services across entertainment sectors and has launched a new agency for blockchain and Web3 projects.
Dolphin Entertainment (NASDAQ:DLPN) announced a partnership with chef Nina Compton to open ShaSha Lounge, a membership-based cocktail lounge in New Orleans. This venture will utilize NFTs for memberships, providing exclusive access and experiences while allocating a portion of proceeds for natural disaster relief. ShaSha will feature collaborative events with renowned chefs and aims to establish a community focused on sustainability and proactive support for disaster response efforts. The lounge is set to open in 2023, further enhancing Dolphin's offerings in the entertainment and hospitality sector.
Dolphin Entertainment (NASDAQ:DLPN) announced that CEO Bill O'Dowd will present at the LD Micro Main Event XV, scheduled for October 25-27, 2022. The presentation is set for October 26, 2022, at 2:00 p.m. PT. This event includes one-on-one investor meetings and will be available via webcast at ldinv12.mysequire.com. Dolphin is recognized for its strategic marketing in entertainment and has pioneered initiatives in blockchain and Web3, highlighting its growth potential in the entertainment industry.
Dolphin Entertainment (NASDAQ:DLPN) announced the successful sale of its NFT collection, Creature Chronicles, which sold out in just 90 minutes on October 2, 2022. This initial mint generated over 13,175 SOL, approximately $435,000. Currently, the NFTs rank among the top three projects on Magic Eden, with secondary sales exceeding 11,000 SOL, translating to about $357,500. The company plans to expand the Creature Chronicles universe through comics, animated series, and more, reinforcing its goal of establishing a multi-collection NFT studio.
Dolphin Entertainment (NASDAQ:DLPN) announces the promotion of Jonah Keel to Senior Vice President and Briana Richard to Vice President, alongside the hiring of gaming industry veteran Blake Shuster as Vice President. These changes reflect BHI's strategic growth within the gaming sector, which has seen high double-digit growth since its merger with 42West in January 2021. Keel, with extensive experience in gaming and tech, and Richard, who leads consumer products accounts, will play key roles in continuing this trend. Shuster's addition aims to bolster the division's gaming practice.
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