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) 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.
Dolphin Entertainment (NASDAQ:DLPN) has appointed Anthony Francisco, a former Marvel designer, as the new Creative Director for its NFT studio. This strategic move aims to enhance Dolphin's NFT offerings, leveraging Francisco's extensive experience with iconic characters from the Marvel Cinematic Universe. The company is set to launch multiple NFT drops soon, following a recent partnership with cryptocurrency platform FTX for NFT marketplaces in entertainment and sports. Dolphin continues to expand its innovative portfolio in the growing NFT space.
Dolphin Entertainment (NASDAQ:DLPN) has acquired a stake in the Midnight Theatre, a contemporary variety venue and restaurant in Manhattan's Manhattan West development, valued at $4.5 billion. The theater features a 160-seat performance space and a pan-Asian restaurant, Hidden Leaf. The venue will host diverse performances, integrating advanced technology for live-streaming events. Managed by experienced professionals, this partnership aims to leverage Dolphin's marketing strengths to enhance the theater's unique offering, expected to open in late Fall 2021.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) announced that CEO Bill O'Dowd will participate in two investor conferences. The first is the Fall Harvest Best Ideas Virtual Investor Conference on October 6, 2021, featuring a 12:30 PM ET presentation and 1x1 meetings on October 8. The second event is the 2021 LD Micro Main Event in Los Angeles on October 12, 2021, with a 2:00 PM PT in-person presentation. For inquiries or to schedule meetings, contact conference representatives or James@HaydenIR.com.
Dolphin Entertainment (NASDAQ:DLPN) has partnered with The Door and Viewpoint Creative to create a digital content series commemorating the 20th anniversary of 9/11. This initiative focuses on honoring the heroes and Legacy Firefighters affected by the tragedy. The series includes emotional stories from firefighters and highlights the FDNY’s improvements post-9/11. The content aims to engage viewers and foster community support for the Leary Firefighters Foundation. Previous collaborations have resulted in award-winning documentaries, reinforcing the commitment to firefighter recognition and support.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) has partnered with BHI, a division of 42West, to enhance Fandom's brand visibility and drive business growth through 2021. Fandom, reaching over 315 million visitors monthly, serves fan communities with rich content across entertainment and gaming.
The new collaboration aims to leverage BHI's PR expertise for increased engagement, following Fandom's recent rebranding. Dolphin's subsidiaries, including 42West, provide strategic marketing services, positioning Dolphin as a key player in the entertainment marketing sector.
Dolphin Entertainment (NASDAQ:DLPN) announces the launch of a new showroom concept by its subsidiary, Be Social Group, aimed at connecting brands with influencers. The inaugural Summer Showroom took place in West Hollywood, featuring brands like Bondi Sands and EyeBuyDirect. This initiative offers brands a cost-effective way to engage with influencers, minimizing individual event costs and managing the outreach process. The Showroom model allows brands to tailor product selections and monitor social media coverage post-event. The next seasonal Showroom is planned ahead of the holiday season.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) reported strong Q2 2021 financial results, achieving revenue of $8.6 million, a 20% increase from Q1 2021. For the first time, the company recorded positive operating income of $56,293, despite accounting for non-cash depreciation and amortization expenses. Net income stood at $1.3 million, reflecting a turnaround from a $2.9 million loss in the previous year. Dolphin also reached a working capital surplus of $1.26 million, marking a significant milestone since its NASDAQ uplisting.
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