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 acquired an ownership position in FanJolt, an online platform enabling unique interactions between fans and celebrities, supporting charitable causes. The platform allows live broadcasts and direct communication with prominent figures like Aaron Judge and Rafael Nadal. Dolphin will manage creative and marketing aspects for FanJolt, enhancing its engagement strategies within the entertainment sector. The platform is set to host various live events in February, donating proceeds to associated charities, boosting FanJolt’s market presence and supporting philanthropic initiatives.
Shore Fire Media, a subsidiary of Dolphin Entertainment (NASDAQ:DLPN), is set to manage the Bud Light Super Bowl Music Fest from February 10-12, 2022, at the Crypto.com Arena in Los Angeles. The festival features renowned acts such as Green Day, Miley Cyrus, Blake Shelton, and Halsey. This marks the third year of the event, which aims to connect fans to top music and entertainment during the Super Bowl festivities. Previous festivals attracted over 75,000 attendees and showcased high-profile partnerships between leading artists.
Dolphin Entertainment (NASDAQ:DLPN) has announced the establishment of a new marketing, consulting, and communications agency dedicated to blockchain, metaverse, and Web3 projects. This new agency will integrate the existing NFT division and enhance service offerings for over two dozen active Web3 projects. The agency will enable a comprehensive approach to NFT and Web3 investments and engage with specialized teams focusing on various aspects like digital creative direction and smart contract creation. The agency aims to capitalize on growth opportunities in the evolving Web3 landscape.
Dolphin Entertainment (NASDAQ:DLPN) announced that its CEO, Bill O'Dowd, will participate in the Blockchain Conference on January 27, 2022, at 10:30 AM EST. The conference, presented by Maxim Group LLC and hosted by M-Vest, will feature a panel discussion titled Creating NFTs, moderated by Allen Klee of Maxim Group. Dolphin, a leader in entertainment marketing and premium content, is also known for its work in NFTs across various industries. For more information and registration details, visit here.
Dolphin Entertainment (NASDAQ:DLPN) announces the launch of a new NFT digital collectible program called Winter Sports Champions, set to debut on February 4, 2022. This series merges the arenas of comic book artistry and winter sports, featuring renowned athletes including Nancy Kerrigan. Collaborating with FTX.US, fans can purchase NFTs using credit cards, debit cards, and cryptocurrency. The collectibles will come with varying rarity levels, and holders can unlock unique digital items and real-life rewards.
Dolphin Entertainment (NASDAQ:DLPN) announced a strategic partnership with Crafthouse Cocktails, enhancing its marketing reach in the ready-to-drink cocktail market. Crafthouse, known for its premium, all-natural cocktails, will benefit from Dolphin's expertise in publicity and talent relationships. This partnership follows Dolphin's investment in the Midnight Theatre in Manhattan, further solidifying its strategy to invest in innovative companies. The ready-to-drink cocktail category is projected to see significant growth, with forecasts estimating revenues of $3-$4 billion.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) celebrates its subsidiary Shore Fire Media, which garnered 27 Grammy nominations across various genres, highlighting the company's diverse roster. Notable includes Maverick City Music with four nominations and others like Jacob Collier and Angelique Kidjo receiving multiple nods. The 64th Annual Grammy Awards will take place on January 31, 2022. This success underlines Dolphin's strategic marketing and publicity services aimed at enhancing artists' careers.
Dolphin Entertainment (NASDAQ: DLPN) has launched Creature Chronicles: Exiled Aliens, a unique generative NFT collection featuring 10,000 avatars designed by former Marvel Studios artist, Anthony Francisco. Slated for minting in December, each avatar will be priced at $200 and sold via FTX.US wallets. This NFT initiative marks the company's entry into the growing digital asset space, set in a storyline of space exploration and ancient aliens. Community members will access exclusive benefits, adding long-term value to NFT holders.
Dolphin Entertainment (NASDAQ:DLPN) reported strong financial results for Q3 2021, marking its third consecutive quarter of record revenue at $9.4 million, a 70% increase year-over-year. The company achieved positive operating income of $38,289 and net income of $141,651, compared to a net loss of $(137,630) in Q3 2020. With a cash position of $12.7 million and working capital surplus of $4.5 million, Dolphin is well-positioned for growth, particularly in its NFT initiatives and partnership with FTX for marketplace development.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) will hold a conference call on November 22, 2021, at 4:30 PM ET to discuss its third-quarter financial results for the period ending September 30, 2021. Investors can join by dialing in or through a webcast at this link. The company is recognized as a leading independent entertainment marketing and production company, with services spanning film, television, music, and NFTs.
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