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) announces a new film adaptation of the 1986 sports drama Youngblood, directed by Charles Officer, set to begin production in early 2023. The story follows hockey prodigy Dean Youngblood as he confronts personal and external challenges on his path to joining the NHL. The project is in association with Aircraft Pictures and supported by multiple financial partners, including Telefilm Canada. Officer aims to modernize the narrative while staying true to its emotional core, appealing to a new generation of audiences.
Midnight Theatre is set to open in Manhattan on September 21, 2022. This 160-seat venue will host a variety of performances, becoming the first home for Mastercard's multisensory experiences. Warren Adcock conceptualized the theater to celebrate music, magic, and performance art. Mastercard will offer exclusive experiences to cardholders, including a Pride-themed cocktail tasting. The theater features advanced technology with a 270-degree immersive projection system, enhancing the audience's experience. Dolphin Entertainment (DLPN) has an ownership stake and will manage marketing for the venue.
Dolphin Entertainment (NASDAQ:DLPN) reported a 19% revenue increase in Q2 2022, totaling $10.3 million, marking its fifth consecutive quarter of growth. The operating income stood at $488,958 with net income of $612,008. The company anticipates surpassing $40 million in annual revenue and a higher EBITDA profit for 2022. Key investments include a multi-year agreement with IMAX for documentaries and the launch of NFT projects. The opening of Midnight Theatre in Manhattan is also highlighted as a significant development.
Dolphin Entertainment (NASDAQ:DLPN) officially launched its Midnight Theatre in Manhattan with a star-studded private event featuring Kevin Durant's documentary, NYC Point Gods. This new variety theater is part of a broader development in Manhattan West, designed for diverse performances. The venue includes Hidden Leaf, a pan-Asian restaurant by chef Josh Cohen. Scheduled to officially open this fall, Midnight Theatre aims to become a cultural hub for entertainment in New York, bolstered by notable industry collaborations and a unique dining experience.
Dolphin Entertainment (NASDAQ:DLPN) announced on July 19, 2022, that it has regained compliance with NASDAQ Listing Rule 5250(c)(1) after timely filing its Form 10-Q for the period ended March 31, 2022. This compliance closure allows Dolphin to continue its operations without the risk of delisting. The company is known for its marketing and premium content production services, serving key sectors like film and gaming. Dolphin recently launched a new agency focused on blockchain and Web3 projects, enhancing its service offerings in innovative areas.
Dolphin Entertainment (NASDAQ:DLPN) reported strong Q1 2022 financial results, showcasing a 28% revenue increase year over year to $9.2 million, driven by organic growth among its Super Group of marketing companies. The company significantly reduced its debt from over $16 million to below $6 million, with cash reserves at $9.6 million. A net loss of $792,481 marked an improvement compared to a net loss of $5.3 million a year earlier. Dolphin continues to pursue investments in new ventures and has initiated a co-production deal with IMAX for feature documentaries, starting with 'Blue Angels'.
Dolphin Entertainment (NASDAQ: DLPN) announced major recognition for its subsidiary 42West, which received a total of 97 Emmy nominations for the eligibility period from June 1, 2021, to May 31, 2022. Notable highlights include 12 nominations for The Marvelous Mrs. Maisel and six nominations for the documentary Lucy and Desi, marking its first nomination for Outstanding Documentary. Other significant projects recognized included Lizzo's Watch Out For The Big Grrrls and Schmigadoon!, showcasing Dolphin's strong presence in the entertainment marketing industry.
Dolphin Entertainment (NASDAQ:DLPN) will host a conference call on July 18, 2022, at 4:30 PM ET to discuss financial results for its first quarter ended March 31, 2022. Participants can access the call by dialing 888-506-0062 (toll-free) or 973-528-0011 (international). The event will provide insights into the company's performance and is crucial for investors tracking its financial trajectory. A replay will be available post-call.
Dolphin Entertainment (NASDAQ:DLPN) has announced its Web3 marketing agency, We Come In Peace (WCIP), has achieved significant success with multiple NFT projects. Notably, NFTs by celebrity chefs Tom Colicchio and Spike Mendelsohn sold out in under 24 hours, while Buffalo Trace Distillery's auction raised $280,000, setting a potential record for bourbon NFTs. Upcoming projects include collaborations with Bella Hadid and Troy Carter. The agency aims to integrate culinary and entertainment brands into the metaverse, emphasizing continued growth in Web3 applications.
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