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 filed its Annual Report on Form 10-K with the Securities and Exchange Commission for the fiscal year ending December 31, 2021. The comprehensive report is accessible via the SEC's website. The company is also preparing to file its quarterly report on Form 10-Q for the period ending March 31, 2022. Dolphin Entertainment specializes in entertainment marketing and premium content production, boasting a portfolio of services through its subsidiaries that cater to the film, television, music, gaming, and hospitality sectors.
Dolphin Entertainment (NASDAQ:DLPN) announced receiving a notice from Nasdaq on May 18, 2022, indicating non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its 10-Q report for the quarter ending March 31, 2022. This follows an earlier notice regarding the 10-K report for the year ended December 31, 2021. The company must submit a plan by June 20 to regain compliance, with the possibility of up to 180 days to correct the issue if accepted. The notice does not currently affect the trading of its common stock.
IMAX Corporation and Dolphin Entertainment have forged a multi-year agreement to co-finance and produce a series of feature-length documentaries. The inaugural project is The Blue Angels, developed by Bad Robot Productions and Zipper Bros Films, spotlighting the Navy and Marine Corps flight squadron during their training and performance seasons. The documentary promises unprecedented views inside the cockpit and formation of the F/A-18 Super Hornets. The Blue Angels is currently in production and is slated for release in IMAX theaters in 2023.
Dolphin Entertainment (NASDAQ:DLPN) filed a Notification of Late Filing for its Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The delay led to a notice from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1). The company has 60 days to either file the report or submit a compliance plan. While immediate delisting is not in effect, failure to comply could result in share delisting. Dolphin expects to file the report within this period, potentially avoiding the need for a compliance plan.
Dolphin Entertainment (NASDAQ:DLPN) reported a strong financial performance for 2021, with a record revenue of $35.8 million, a 49% increase compared to the previous year. The fourth quarter also saw a revenue surge of 57%, reaching $10.5 million. The company achieved a significant milestone by attaining a working capital surplus, eliminating previous concerns over its financial health. Notable investments were made in 2021, including an NFT marketplace, participation in Midnight Theater, and a partnership with Crafthouse Cocktails. Expectations for 2022 are high, with aims to leverage these assets for further growth.
Dolphin Entertainment (NASDAQ:DLPN) announced a conference call on April 13, 2022, at 4:30 PM ET to discuss its financial results for the fourth quarter and the full year ending December 31, 2021. The call will provide insights into the company's performance, and interested parties can participate by calling in 5 to 10 minutes early. The company is recognized for its marketing and production services in entertainment, with subsidiaries that have achieved notable rankings in the industry.
Dolphin Entertainment (NASDAQ:DLPN) announced its participation in the Maxim Group 2022 Virtual Growth Conference on March 29 at 2:00 pm ET. CEO Bill O'Dowd will engage in a fireside chat with analyst Allen Klee. Dolphin, a leader in entertainment marketing and content production, operates subsidiaries like 42West and B/HI, providing PR and marketing services across various industries including film and music. Recently, Dolphin launched WCIP, focusing on Web3 initiatives. For more details about the conference, visit here.
Dolphin Entertainment (NASDAQ:DLPN) has achieved significant recognition as its public relations subsidiaries, 42West and The Door, are ranked among the top 50 PR agencies in America by The Observer. 42West secured the #2 spot, the highest for any entertainment firm, while The Door ranked #22. This validation underscores Dolphin's strategy of developing an entertainment marketing 'Super Group.' Notably, Kelly Patterson of The Door was named a PR Rising Star. Both agencies have proven their capabilities with high-profile clients and impactful campaigns, enhancing Dolphin's brand positioning in the industry.
Dolphin Entertainment (NASDAQ:DLPN) has announced a strategic partnership with The Flower Girls, a female-led NFT collection created by artist Varvara Alay. This collaboration aims to enhance brand growth and charitable initiatives, with a focus on benefiting children's charities. The Flower Girls have generated over $15 million in sales and donate 20% of profits to charitable causes. Dolphin will leverage its marketing network to expand community benefits and increase the value for NFT holders. This partnership represents significant opportunities across various entertainment sectors.
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