Dolphin Entmt Inc Stock Price, News & Analysis

Dolphin Entertainment (NASDAQ:DLPN) announced a partnership with chef Nina Compton to open ShaSha Lounge, a membership-based cocktail lounge in New Orleans. This venture will utilize NFTs for memberships, providing exclusive access and experiences while allocating a portion of proceeds for natural disaster relief. ShaSha will feature collaborative events with renowned chefs and aims to establish a community focused on sustainability and proactive support for disaster response efforts. The lounge is set to open in 2023, further enhancing Dolphin's offerings in the entertainment and hospitality sector.

Dolphin Entertainment (NASDAQ:DLPN) announced that CEO Bill O'Dowd will present at the LD Micro Main Event XV, scheduled for October 25-27, 2022. The presentation is set for October 26, 2022, at 2:00 p.m. PT. This event includes one-on-one investor meetings and will be available via webcast at ldinv12.mysequire.com. Dolphin is recognized for its strategic marketing in entertainment and has pioneered initiatives in blockchain and Web3, highlighting its growth potential in the entertainment industry.

Dolphin Entertainment (NASDAQ:DLPN) announced the successful sale of its NFT collection, Creature Chronicles, which sold out in just 90 minutes on October 2, 2022. This initial mint generated over 13,175 SOL, approximately $435,000. Currently, the NFTs rank among the top three projects on Magic Eden, with secondary sales exceeding 11,000 SOL, translating to about $357,500. The company plans to expand the Creature Chronicles universe through comics, animated series, and more, reinforcing its goal of establishing a multi-collection NFT studio.

Dolphin Entertainment (NASDAQ:DLPN) announces the promotion of Jonah Keel to Senior Vice President and Briana Richard to Vice President, alongside the hiring of gaming industry veteran Blake Shuster as Vice President. These changes reflect BHI's strategic growth within the gaming sector, which has seen high double-digit growth since its merger with 42West in January 2021. Keel, with extensive experience in gaming and tech, and Richard, who leads consumer products accounts, will play key roles in continuing this trend. Shuster's addition aims to bolster the division's gaming practice.

Dolphin Entertainment (NASDAQ:DLPN) announces a new film adaptation of the 1986 sports drama Youngblood, directed by Charles Officer, set to begin production in early 2023. The story follows hockey prodigy Dean Youngblood as he confronts personal and external challenges on his path to joining the NHL. The project is in association with Aircraft Pictures and supported by multiple financial partners, including Telefilm Canada. Officer aims to modernize the narrative while staying true to its emotional core, appealing to a new generation of audiences.

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.