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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, a leading entertainment marketing and production company, extends congratulations to its subsidiary 42West on the successful world premiere of two films at the 77th Cannes Film Festival.
Francis Ford Coppola's 'Megalopolis' premiered on May 16, generating significant support and praise, while 'Ghost Cat Anzu' by GKIDS premiered on May 21. 'Megalopolis' is currently seeking U.S. distribution and has secured a global IMAX release partnership.
42West, known for its comprehensive public-relations services across multiple sectors, has offices in New York and Los Angeles and has strategized campaigns for numerous high-profile clients.
Dolphin Entertainment continues to offer strategic marketing through its subsidiaries and recently acquired Special Projects to enhance its talent booking and event production services.
Dolphin Entertainment congratulates its subsidiary, 42West, for securing renewals for four key clients during the 2024 Television Upfronts. These clients include 'The Boys,' 'Conan O'Brien Must Go,' 'The Conners,' and 'Lopez vs. Lopez.' Additionally, Discovery's 'Shark Week' announced John Cena as this year's host. 'The Boys' has been renewed for a fifth season ahead of its fourth season premiere on June 13. Conan O'Brien's travel show will return for a second season, and 'Lopez vs. Lopez' will come back for a third season. 'The Conners' will conclude with its upcoming seventh season. 'Shark Week' will start on July 7, marking its 37th year.
Mastercard Midnight Theatre, an investment of Dolphin Entertainment (NASDAQ: DLPN), has selected Oak View Group (OVG) to manage its operations. The theater, located in Manhattan West Plaza, will benefit from OVG's expertise in venue management and premium hospitality services. OVG plans to enhance the programming and introduce a new restaurant concept this spring. The theater features a 150-seat capacity and hosts a variety of entertainment forms. Dolphin Entertainment CEO Bill O'Dowd expressed excitement over OVG's involvement, emphasizing the theater's global appeal. OVG's President of Premium Experiences, Joshua Pell, highlighted the opportunity to create exceptional experiences in New York City.
Dolphin Entertainment (NASDAQ:DLPN) announces the release of a new 'Blue Angels' featurette, ahead of its documentary debut in IMAX theaters nationwide on May 17, 2024. The featurette, featuring insights from J.J. Abrams and Glen Powell, was previously shared on Entertainment Weekly.
The documentary will be available in IMAX theaters for one week and will stream on Prime Video starting May 23, 2024. Dolphin Entertainment specializes in entertainment marketing and production, providing publicity and strategic marketing services through its subsidiaries: 42West, The Door, and Shore Fire Media. The company has a multi-year agreement with IMAX for co-producing feature documentaries.
Dolphin Entertainment (NASDAQ:DLPN) reported a significant revenue increase of 54% year-over-year for Q1 2024, reaching a record $15.2 million. This also marks a 27% increase over the previous quarter's record. The company achieved a positive Adjusted Operating Income of $1.0 million, a dramatic improvement from the $1.9 million loss in Q1 2023, and a 236% increase from Q4 2023.
Key highlights include the launch of 'Staple Gin' with Rachael Ray, the debut of the 'Blue Angels' documentary, and anticipated announcements of new ventures. The company ended Q1 2024 with $7.5 million in cash and equivalents. Operating expenses rose to $15.1 million from $12.5 million in Q1 2023, and net loss decreased from $3.0 million to $0.3 million year-over-year.
Other achievements include rebranding initiatives, successful client campaigns at major award events, and expansion in various entertainment sectors. The company anticipates further growth through strategic ventures and ownership stakes in new projects.
Dolphin Entertainment (NASDAQ: DLPN) will host an earnings call on May 14, 2024, to discuss financial results for the first quarter of 2024. The call will take place at 4:30 PM ET. Participants can join via phone or webcast.
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