Dolphin Entmt Inc Stock Price, News & Analysis

Midnight Theatre is set to open in Manhattan on September 21, 2022. This 160-seat venue will host a variety of performances, becoming the first home for Mastercard's multisensory experiences. Warren Adcock conceptualized the theater to celebrate music, magic, and performance art. Mastercard will offer exclusive experiences to cardholders, including a Pride-themed cocktail tasting. The theater features advanced technology with a 270-degree immersive projection system, enhancing the audience's experience. Dolphin Entertainment (DLPN) has an ownership stake and will manage marketing for the venue.

Dolphin Entertainment (NASDAQ:DLPN) reported a 19% revenue increase in Q2 2022, totaling $10.3 million, marking its fifth consecutive quarter of growth. The operating income stood at $488,958 with net income of $612,008. The company anticipates surpassing $40 million in annual revenue and a higher EBITDA profit for 2022. Key investments include a multi-year agreement with IMAX for documentaries and the launch of NFT projects. The opening of Midnight Theatre in Manhattan is also highlighted as a significant development.

Dolphin Entertainment (NASDAQ:DLPN) officially launched its Midnight Theatre in Manhattan with a star-studded private event featuring Kevin Durant's documentary, NYC Point Gods. This new variety theater is part of a broader development in Manhattan West, designed for diverse performances. The venue includes Hidden Leaf, a pan-Asian restaurant by chef Josh Cohen. Scheduled to officially open this fall, Midnight Theatre aims to become a cultural hub for entertainment in New York, bolstered by notable industry collaborations and a unique dining experience.

Dolphin Entertainment (NASDAQ:DLPN) announced on July 19, 2022, that it has regained compliance with NASDAQ Listing Rule 5250(c)(1) after timely filing its Form 10-Q for the period ended March 31, 2022. This compliance closure allows Dolphin to continue its operations without the risk of delisting. The company is known for its marketing and premium content production services, serving key sectors like film and gaming. Dolphin recently launched a new agency focused on blockchain and Web3 projects, enhancing its service offerings in innovative areas.

Dolphin Entertainment (NASDAQ:DLPN) reported strong Q1 2022 financial results, showcasing a 28% revenue increase year over year to $9.2 million, driven by organic growth among its Super Group of marketing companies. The company significantly reduced its debt from over $16 million to below $6 million, with cash reserves at $9.6 million. A net loss of $792,481 marked an improvement compared to a net loss of $5.3 million a year earlier. Dolphin continues to pursue investments in new ventures and has initiated a co-production deal with IMAX for feature documentaries, starting with 'Blue Angels'.

Dolphin Entertainment (NASDAQ: DLPN) announced major recognition for its subsidiary 42West, which received a total of 97 Emmy nominations for the eligibility period from June 1, 2021, to May 31, 2022. Notable highlights include 12 nominations for The Marvelous Mrs. Maisel and six nominations for the documentary Lucy and Desi, marking its first nomination for Outstanding Documentary. Other significant projects recognized included Lizzo's Watch Out For The Big Grrrls and Schmigadoon!, showcasing Dolphin's strong presence in the entertainment marketing industry.

Dolphin Entertainment (NASDAQ:DLPN) will host a conference call on July 18, 2022, at 4:30 PM ET to discuss financial results for its first quarter ended March 31, 2022. Participants can access the call by dialing 888-506-0062 (toll-free) or 973-528-0011 (international). The event will provide insights into the company's performance and is crucial for investors tracking its financial trajectory. A replay will be available post-call.

Dolphin Entertainment (NASDAQ:DLPN) has announced its Web3 marketing agency, We Come In Peace (WCIP), has achieved significant success with multiple NFT projects. Notably, NFTs by celebrity chefs Tom Colicchio and Spike Mendelsohn sold out in under 24 hours, while Buffalo Trace Distillery's auction raised $280,000, setting a potential record for bourbon NFTs. Upcoming projects include collaborations with Bella Hadid and Troy Carter. The agency aims to integrate culinary and entertainment brands into the metaverse, emphasizing continued growth in Web3 applications.