Dolphin Entertainment, Inc. - DLPN STOCK NEWS

Dolphin Entertainment (NASDAQ:DLPN) celebrates the induction of clients Carole King and Todd Rundgren into the Rock & Roll Hall of Fame. This marks a significant milestone for both artists, with King achieving her second induction as a performer, having previously been recognized as a songwriter in 1990. The 36th Annual Induction Ceremony is scheduled for October 30, 2021, at Rocket Mortgage Fieldhouse in Cleveland, Ohio, and will be broadcast on HBO. Dolphin's subsidiary, Shore Fire Media, plays a crucial role in promoting leading music artists.

Dolphin Entertainment (NASDAQ: DLPN) announced a collaboration between its subsidiaries The Door and Viewpoint Creative with the Leary Firefighters Foundation to celebrate International Firefighters Day on May 4, 2021. A digital broadcast honored firefighters while launching the Foundation's Virtual Training Video series. Notably, the event featured a premiere of the training video 'MOAD - Mother of All Drills', showcasing New York City's largest fire drill. This effort aims to enhance public awareness and support for firefighters nationwide.

Dolphin Entertainment (NASDAQ:DLPN) announced its financial results for Q4 2020, reporting revenue growth to approximately $6.7 million, up from $6.2 million in Q4 2019. For the full year, revenue totaled $24.1 million, a slight decline from $25.0 million in 2019. The company significantly improved its working capital deficit by over 80%, reducing it from $15.6 million to $3 million. With cash equivalents increasing from $2.2 million to $7.9 million, Dolphin also launched a new NFT division and signed a partnership with Hall of Fame Resort & Entertainment.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) will hold a conference call on April 15, 2021, at 4:30 PM ET to discuss its financial results for Q4 and the full year ending December 31, 2020. Participants can join via toll-free and international dial-ins or through a webcast. Dolphin Entertainment specializes in entertainment marketing and content production, providing services to top brands in various industries, including film and music. The press release also includes forward-looking statements regarding the company’s financial expectations and operational results.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) announced that its subsidiary, The Door, has added Häagen-Dazs and Holle to its portfolio. The partnership with Häagen-Dazs will focus on a campaign, #ThatsDazs, aiming to uplift underrepresented creators, with a commitment of $1.5M over three years. Holle, a baby food brand, is now available at Whole Foods nationwide, and The Door will support its U.S. market expansion through targeted media relations. This move aims to strengthen Dolphin's brand positioning in the consumer and lifestyle sectors.

Dolphin Entertainment (NASDAQ:DLPN) has reported its highlights from 2020 and outlook for 2021, emphasizing its successful acquisition of Be Social and the recent acquisition of BH/I, enhancing its marketing capabilities. The company plans to launch Dolphin 2.0, allowing it to own content and leverage NFTs, with their first partnership with Hall of Fame Resort featuring renowned football athletes. As part of its expansion, Dolphin is focused on creating and marketing NFTs across various entertainment sectors, aiming for significant growth in digital memorabilia.

The partnership between Hall of Fame Resort & Entertainment Company, Dolphin Entertainment, and Elite Holdings has launched an NFT collection featuring football legends Doak Walker, Earl Campbell, and Tim Brown. These NFTs, significant for their exclusivity, are part of a broader series aimed at connecting fans with unique digital assets. The first NFTs will include opportunities for experiential engagements and rare memorabilia, enhancing their value. The collection is launched through Dolphin's NFT studio, tapping into the expanding digital collectibles market and the allure of Heisman Trophy winners.