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, Inc. (NASDAQ:DLPN) has announced the launch of The Kit, an innovative influencer marketing service by its subsidiary, Be Social Group. This service aims to streamline product delivery to influencers. The inaugural Summer Kit generated over 122 million social media impressions through 588 pieces of content. The holiday edition of The Kit, featuring brands like Arches & Halos, is set for release soon. The initiative is designed to enhance engagement by carefully matching products with influencers, providing brands a cost-effective way to boost visibility.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) has appointed Allison Elbl as Senior Vice President of its subsidiary, Shore Fire Media, effective December 1, 2020. Elbl, with over 20 years of experience in music and entertainment PR, will lead the Los Angeles office and focus on developing new business opportunities. CEO Marilyn Laverty praised her return, highlighting the growth potential. Elbl previously served as SVP at ID PR, successfully launching campaigns for major artists and brands. This strategic hire aims to enhance Shore Fire's capabilities in the competitive music industry.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) announced a 1-for-5 reverse stock split effective November 27, 2020, at 12:01 a.m. EDT. This action will consolidate approximately 32.8 million shares into 6.6 million shares to comply with NASDAQ's minimum bid price requirement of $1.00. Post-split shares will automatically trade at a split-adjusted basis. No fractional shares will be issued, with whole shares provided instead. The company aims to enhance its market standing following this significant corporate action.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) subsidiary Shore Fire Media has celebrated the achievement of its clients, who collectively garnered fifteen GRAMMY nominations across various categories, including Album of the Year. Notable nominees include Jacob Collier for his album Djesse Vol. 3, Sarah Jarosz for World On The Ground, and Ted Hearne for Place. The 63rd Annual GRAMMY Awards will take place on January 31, 2021. This recognition highlights Shore Fire Media's expertise in promoting top-tier artists in the entertainment industry.
Dolphin Entertainment (NASDAQ:DLPN) announced Q3 2020 results, reporting a 23% increase in revenue from Q2, totaling $6.39 million, up from $5.95 million year-over-year. The operating loss narrowed to $493,185, improving from $1.41 million in Q3 2019. The net loss also decreased to $137,630, compared to $326,441 previously. The acquisition of Be Social is highlighted as a significant strategic move to enhance influencer marketing capabilities. The company holds $9.9 million in cash, up from $2.9 million at the end of 2019.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) will host a conference call on November 16, 2020, at 4:30 p.m. ET to discuss its third-quarter financial results for the period ending September 30, 2020. Investors can participate by dialing in or joining via a live webcast. A replay will be available shortly after the event. Dolphin specializes in entertainment marketing and content production through its subsidiaries, offering strategic marketing services to leading brands across various industries.
42West, a subsidiary of Dolphin Entertainment, has achieved a five-star rating in Forbes' first-ever ranking of America's Best PR Firms for 2021. In a survey conducted by Statista, over 12,700 experts and 20,500 customers evaluated more than 5,000 firms, with 42West securing a place in the top 1% as one of only 108 firms to receive this recognition. CEO Bill O'Dowd expressed pride in 42West's excellence, highlighting its role as a trusted partner in the entertainment industry.
Dolphin Entertainment (NASDAQ:DLPN) has announced the launch of Quarterly Earnings Report Videos by its subsidiary, Viewpoint Creative. This new service aims to enhance communication with investors by providing engaging video presentations for Q3 earnings. Viewpoint Creative’s videos utilize animation and motion graphics to simplify complex financial data. The service is expected to attract interest from publicly traded companies preparing for upcoming virtual investor events. Viewpoint's Executive Director, David Shilale, emphasizes the effectiveness of video in conveying financial information clearly.
Dolphin Entertainment (NASDAQ:DLPN) praised its subsidiary, 42West, following a successful showing at the 72nd Emmy Awards, where it managed 33 nominations and secured 43 wins. Key highlights include "Schitt's Creek" making history by winning all major comedy awards and HBO leading all networks with 30 wins. CEO Bill O'Dowd commended the expertise and dedication of the 42West team, reinforcing the company's strong position in entertainment marketing.
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