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 record Q2 2024 revenue of $11.4 million, a 4% increase from Q2 2023. The company achieved H1 2024 revenue of $26.7 million and $0.9 million in Adjusted Operating Income. Despite the revenue growth, Dolphin reported an operating loss of $1.1 million for Q2 2024, compared to a $7.5 million loss in Q2 2023. The company's cash position improved to $9.8 million as of June 30, 2024, up from $7.6 million at the end of 2023.
CEO Bill O'Dowd expressed confidence in exceeding $50 million in annual revenues and delivering full-year positive Adjusted Operating Income. Dolphin's recent acquisition of Elle Communications and planned launch of a sports company are expected to contribute to a strong second half of 2024.
Staple Gin, a new spirit created by culinary icon Rachael Ray and crafted by Do Good Spirits, has won Double Gold and a 96-point rating at the 15th Annual New York International Spirits Competition. The gin is now available nationally via e-commerce and in New York State through Southern Glazer's Wine & Spirits, the world's leading beverage alcohol distributor.
Dolphin Entertainment (NASDAQ:DLPN) has partnered with Ray and Do Good Spirits as the official creative marketing partner for Staple Gin. The gin, conceived as a botanical ode to New York State, features unique ingredients including Castelvetrano olives and extra virgin olive oil. Staple Gin has also received silver medals at the 2024 Bartender Spirits Awards and New Orleans Spirits Competition.
Dolphin (NASDAQ:DLPN), a leading independent entertainment marketing and premium content production company, has announced it will host a conference call to discuss its second quarter 2024 financial results on August 14, 2024, at 4:30 PM ET. The call will cover the quarter ended June 30, 2024. Participants can join the call using the toll-free number 877-545-0320 or the international number 973-528-0002, with the participant access code 630741. A webcast of the call will also be available. For those unable to attend, a replay will be accessible via phone and webcast after the event.
42West, a subsidiary of Dolphin (NASDAQ:DLPN), showcased its industry leadership at San Diego Comic-Con (SDCC) 2024 by representing 13 major entertainment clients. The agency's Fandoms & Franchises Division highlighted its expertise in fan culture and franchise dynamics across consumer products, content, and video games.
Key highlights included Fandom's opening night event sponsored by Electronic Arts, Super7's Teenage Mutant Ninja Turtle event at TNT Pizza, and Funko's Fundays. Other notable clients represented were BoxLunch, Crunchyroll, 10:10 Games, Mondo, Toho, and The Op.
Bill O'Dowd, CEO of Dolphin Entertainment, emphasized that 42West's strong presence at Comic-Con demonstrates their ability to connect major entertainment brands with passionate fan communities across various media platforms.
Newman's Own has launched a national Pay What You Want Pizza truck initiative, allowing customers to choose their price for pizza slices, with all proceeds benefiting children facing adversity through the Newman's Own Foundation. The Door, a Dolphin Entertainment subsidiary, has been selected to execute the multi-channel marketing and PR campaign for this philanthropic effort.
The pizza truck tour, which began in New York City in June, has garnered significant media coverage in outlets like People, Yahoo, and MSN. It continues to travel across major U.S. cities, including Boston, Philadelphia, and Chicago, offering a variety of Newman's Own pizzas. This initiative combines Newman's Own's quality products with a creative approach to support children, aligning with The Door's mission to create impactful brand campaigns.
42West, a subsidiary of Dolphin (NASDAQ:DLPN), celebrates its clients' success with 60 Primetime Emmy Awards nominations for the 76th ceremony scheduled for September 15, 2024. Prime Video leads with 37 nominations, including 17 for FALLOUT and 16 for MR. & MRS. SMITH, both nominated for Outstanding Drama Series. CBS received 9 nominations, including 5 for THE LATE SHOW WITH STEPHEN COLBERT.
Notable personal client nominations include Jonathan Pryce (double nominated), Conan O'Brien (2 nominations), Eugene Levy, Lucy Liu, Christopher Lloyd, and Andrew Jarecki (2 nominations). The nominations span various categories, showcasing 42West's diverse clientele and their achievements in the television industry.
Dolphin Entertainment (NASDAQ:DLPN) has acquired Elle Communications, a leading social and environmental impact PR agency. Elle will become a division of 42West, joining Dolphin's collection of specialty agencies. Founded in 2008 by Danielle Finck, Elle Communications has a 16-year history of amplifying voices in social, racial, and environmental justice.
The acquisition aligns with Dolphin's strategy of bringing together influential firms in PR and marketing for entertainment, lifestyle, and social media. CEO Bill O'Dowd emphasized the importance of social and environmental impact in today's market. Amanda Lundberg, CEO of 42West, highlighted the potential for collaboration on existing and future clients. Danielle Finck and Silvie Snow-Thomas will continue to lead Elle Communications within the Dolphin Entertainment umbrella.
Dolphin Entertainment (NASDAQ: DLPN) has announced the continued success of its IMAX documentary, "The Blue Angels." The film has garnered widespread acclaim, achieving a 98% audience score on Rotten Tomatoes. This positive reception from both critics and viewers underscores the company's strong performance in the entertainment marketing and production sector.
For detailed financial information related to this announcement, Dolphin Entertainment refers interested parties to their 8-K filing available on the SEC website.
Dolphin Entertainment's subsidiary 42West's Fandoms & Franchises team represented notable brands like Atsuko, Crunchyroll, GKIDS, and TOHO at the 33rd Anime Expo.
42West showcased Atsuko's exclusive Pokémon collection, while Crunchyroll hosted panels including collaborations with rapper Logic and NFL player Jamaal Williams exploring Anime and Black culture.
GKIDS premiered the first English-subtitled episode of 'DAN DA DAN,' and TOHO held a special 'My Hero Academia' event featuring voice actors and exclusive merchandise.
The Digital Dept., a subsidiary of Dolphin Entertainment (NASDAQ:DLPN), has been selected by Crocs to manage an extensive influencer campaign for its new Getaway Sandals.
This campaign ran from April to June 2024 and achieved over 5 million impressions, 3.9 million reach, 248,000 engagements, and 13,000 link clicks.
The initiative kicked off with a brunch event attended by 23 content creators, designed to generate content for the Crocs Getaway Sandals.
Following the event, The Digital Dept. extended the campaign on TikTok and Instagram, further engaging Crocs' target audience.
The campaign showcases The Digital Dept.'s ability to execute comprehensive influencer strategies, solidifying its position in the $24 billion influencer marketing industry.
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