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) CEO Bill O'Dowd issued a letter to shareholders highlighting recent achievements and future prospects. Key points include:
1. CEO's increased personal investment in DLPN stock, viewing it as undervalued.
2. Record revenue in Q4 2023 and Q1 2024.
3. Success of "Blue Angels" documentary co-production with IMAX.
4. Launch of Staple Gin in collaboration with Rachael Ray.
5. Acquisition of Elle Communications, a profitable Impact PR firm.
6. Formation of Always Alpha, focusing on the growing women's sports market.
7. Anticipated 20%+ revenue growth in 2024, exceeding $50 million.
8. Expected positive adjusted operating income for the year.
9. Continued success in entertainment marketing and PR campaigns.
The CEO expresses confidence in Dolphin's future, citing its expanded capabilities and positioning in growth markets like influencer marketing and women's sports.
Shore Fire Media, a subsidiary of Dolphin (NASDAQ:DLPN), is celebrating the upcoming induction of three iconic bands into the Rock & Roll Hall of Fame's 2024 class: Dave Matthews Band, Kool & The Gang, and MC5. The induction ceremony will take place on October 19 at Rocket Mortgage FieldHouse in Cleveland, Ohio, streaming live on Disney+ at 7 p.m. EDT.
Notable presenters include Julia Roberts for Dave Matthews Band, Chuck D for Kool & The Gang, and Tom Morello for MC5. Shore Fire client James Taylor will perform to honor Jimmy Buffet. On October 17, Robert "Kool" Bell of Kool & The Gang will be interviewed at The Rock & Roll Hall of Fame about the group's legacy and upcoming induction.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) has announced a 1-for-2 reverse stock split effective October 16, 2024, at 12:01 a.m. EDT. This move aims to regain compliance with NASDAQ's $1.00 minimum bid price requirement and increase flexibility for future business purposes. The split will reduce outstanding common stock from approximately 22.2 million to 11.1 million shares. Trading on a split-adjusted basis will begin on October 16, 2024, with a new CUSIP number: 25686H 308.
Shareholders will receive one whole share for every two shares held, with no fractional shares or cash compensation issued. The company's transfer agent, Nevada Agency and Transfer Company, will provide instructions to shareholders of record for exchanging shares. Shareholders with electronic holdings in brokerage accounts need not take action, as changes will be reflected automatically.
Dolphin (NASDAQ:DLPN) has launched Always Alpha, the first sports management firm fully focused on women's sports. Founded by Olympic legend Allyson Felix, her brother Wes Felix, and sports executive Cosette Chaput, Always Alpha aims to empower female athletes, broadcasters, and coaches in all aspects of their lives.
The firm seeks to address outdated talent management models and support the multidimensional nature of womanhood. Allyson Felix, the most decorated American track and field Olympian, brings her experience in diversifying her business across marketing, media, entrepreneurship, and impact. Cosette Chaput, known for her trailblazing work in sports marketing, emphasizes the billion-dollar potential of women's sports.
Always Alpha joins Dolphin's portfolio of celebrity and entertainment marketing companies, extending their reach into sports. Dolphin CEO Bill O'Dowd views this venture as a strategic move to support women's sports and provide comprehensive management for modern female athletes and sportscasters.
The Digital Dept., a subsidiary of Dolphin (NASDAQ:DLPN), has achieved significant milestones in the past year. The company, led by co-CEOs Ali Grant and Sarah Boyd, has signed 137 new creators to its roster, including notable talents from various entertainment and social media platforms. Key achievements include:
- Development of 4,327 campaigns
- Hosting 5 BRANDEdit Showrooms, with the New York City event being the highest-grossing
- Reaching over 340 million through its creator roster
- 870 attendees and 240 million social impressions across five events
The company's strategic growth has expanded its influence in diverse industries, positioning it to connect brands with influencers across various niches for more impactful partnerships.
Dolphin (NASDAQ:DLPN) announced that shareholders approved Hilarie Bass as an independent director at the company's 2024 Annual Meeting. Bass, a renowned corporate advisor and litigator, was previously President of Greenberg Traurig, a global law firm. She has extensive experience representing Fortune 500 companies and has served in leadership roles including President of the American Bar Association.
Bass's expertise spans legal, business, and diversity initiatives. She currently serves on several boards and is President of the Bass Institute for Diversity and Inclusion. Dolphin's CEO, Bill O'Dowd, expressed enthusiasm about Bass joining the board, citing her remarkable career, leadership in promoting diversity, and extensive experience in legal and business communities as valuable assets for the company's strategic vision and growth.
42West and Shore Fire Media, subsidiaries of Dolphin (NASDAQ:DLPN), celebrated their clients' successes at the 49th Annual Toronto International Film Festival. 42West represented several high-profile films, including Lionsgate's MEGALOPOLIS and Sony Pictures Classics' I'M STILL HERE. They also promoted acquisition titles and projects from renowned filmmakers. Shore Fire Media saw the premieres of two client films: Hulu and Disney+'s ROAD DIARY: BRUCE SPRINGSTEEN AND THE E STREET BAND and ANDREA BOCELLI: BECAUSE I BELIEVE. The festival showcased a diverse range of content, from major studio releases to independent films and documentaries, highlighting the strong position of both PR firms in the entertainment industry.
Dolphin's subsidiary, The Digital Dept., is bringing its BRANDEdit Influencer Showroom to New York Fashion Week for the first time on September 10-11, 2024. This exclusive, invite-only event will showcase beauty treatments, fashion, accessories, and wellness products from brands like ClearSilk, Crocs, Lulus, and MaryRuth Organics. The showroom aims to prepare influencers for NYFW events while raising brand awareness and creating content opportunities.
Co-CEOs Sarah Boyd and Ali Grant emphasize the showroom's goal of driving buzz during NYFW and highlight The Digital Dept.'s unique ability to blend digital influence with real-world experiences. Following its NYC debut, BRANDEdit Showroom will continue with events in Los Angeles (November) and Miami (December).
Dolphin (NASDAQ:DLPN) has congratulated its subsidiary 42West on the world premiere of "Beetlejuice Beetlejuice" at the Venice Film Festival. The highly anticipated sequel to Tim Burton's 1988 classic was selected as the festival's Opening Film out of competition and premiered on August 28, 2024, receiving widespread acclaim and a five-minute standing ovation.
This marks Burton's first film to screen at the Venice Film Festival, where he previously received the Golden Lion for Lifetime Achievement in 2007. The sequel stars Michael Keaton, Winona Ryder, and Catherine O'Hara reprising their original roles, alongside newcomers Jenna Ortega, Justin Theroux, Monica Bellucci, and Willem Dafoe. Warner Bros. is set to release "Beetlejuice Beetlejuice" in theaters nationwide on September 6, 2024.
Dolphin subsidiary The Door celebrates the success of its client, New York restaurant Bungalow, which received a prestigious three-star review from The New York Times. This marks the first three-star review of an Indian restaurant in almost 25 years and the first review since Pete Wells' departure. Written by Priya Krishna, the review praises Bungalow for representing a "seismic shift" in the Indian restaurant landscape nationwide.
Chef Vikas Khanna and restaurateur Jimmy Rizvi's Bungalow is recognized for its menu that "defies preconception or oversimplification, neither strictly traditional nor fusion." The review highlights the restaurant's role in elevating Indian cuisine's visibility and influence in mainstream culture, showcasing the creative possibilities within regional Indian food.
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