Dolphin Entmt Inc Stock Price, News & Analysis

Dolphin Entertainment (NASDAQ:DLPN) has announced the establishment of a new marketing, consulting, and communications agency dedicated to blockchain, metaverse, and Web3 projects. This new agency will integrate the existing NFT division and enhance service offerings for over two dozen active Web3 projects. The agency will enable a comprehensive approach to NFT and Web3 investments and engage with specialized teams focusing on various aspects like digital creative direction and smart contract creation. The agency aims to capitalize on growth opportunities in the evolving Web3 landscape.

Dolphin Entertainment (NASDAQ:DLPN) announced that its CEO, Bill O'Dowd, will participate in the Blockchain Conference on January 27, 2022, at 10:30 AM EST. The conference, presented by Maxim Group LLC and hosted by M-Vest, will feature a panel discussion titled Creating NFTs, moderated by Allen Klee of Maxim Group. Dolphin, a leader in entertainment marketing and premium content, is also known for its work in NFTs across various industries. For more information and registration details, visit here.

Dolphin Entertainment (NASDAQ:DLPN) announces the launch of a new NFT digital collectible program called Winter Sports Champions, set to debut on February 4, 2022. This series merges the arenas of comic book artistry and winter sports, featuring renowned athletes including Nancy Kerrigan. Collaborating with FTX.US, fans can purchase NFTs using credit cards, debit cards, and cryptocurrency. The collectibles will come with varying rarity levels, and holders can unlock unique digital items and real-life rewards.

Dolphin Entertainment (NASDAQ:DLPN) announced a strategic partnership with Crafthouse Cocktails, enhancing its marketing reach in the ready-to-drink cocktail market. Crafthouse, known for its premium, all-natural cocktails, will benefit from Dolphin's expertise in publicity and talent relationships. This partnership follows Dolphin's investment in the Midnight Theatre in Manhattan, further solidifying its strategy to invest in innovative companies. The ready-to-drink cocktail category is projected to see significant growth, with forecasts estimating revenues of $3-$4 billion.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) celebrates its subsidiary Shore Fire Media, which garnered 27 Grammy nominations across various genres, highlighting the company's diverse roster. Notable includes Maverick City Music with four nominations and others like Jacob Collier and Angelique Kidjo receiving multiple nods. The 64th Annual Grammy Awards will take place on January 31, 2022. This success underlines Dolphin's strategic marketing and publicity services aimed at enhancing artists' careers.

Dolphin Entertainment (NASDAQ: DLPN) has launched Creature Chronicles: Exiled Aliens, a unique generative NFT collection featuring 10,000 avatars designed by former Marvel Studios artist, Anthony Francisco. Slated for minting in December, each avatar will be priced at $200 and sold via FTX.US wallets. This NFT initiative marks the company's entry into the growing digital asset space, set in a storyline of space exploration and ancient aliens. Community members will access exclusive benefits, adding long-term value to NFT holders.

Dolphin Entertainment (NASDAQ:DLPN) reported strong financial results for Q3 2021, marking its third consecutive quarter of record revenue at $9.4 million, a 70% increase year-over-year. The company achieved positive operating income of $38,289 and net income of $141,651, compared to a net loss of $(137,630) in Q3 2020. With a cash position of $12.7 million and working capital surplus of $4.5 million, Dolphin is well-positioned for growth, particularly in its NFT initiatives and partnership with FTX for marketplace development.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) will hold a conference call on November 22, 2021, at 4:30 PM ET to discuss its third-quarter financial results for the period ending September 30, 2021. Investors can join by dialing in or through a webcast at this link. The company is recognized as a leading independent entertainment marketing and production company, with services spanning film, television, music, and NFTs.

Dolphin Entertainment (NASDAQ:DLPN) has appointed Anthony Francisco, a former Marvel designer, as the new Creative Director for its NFT studio. This strategic move aims to enhance Dolphin's NFT offerings, leveraging Francisco's extensive experience with iconic characters from the Marvel Cinematic Universe. The company is set to launch multiple NFT drops soon, following a recent partnership with cryptocurrency platform FTX for NFT marketplaces in entertainment and sports. Dolphin continues to expand its innovative portfolio in the growing NFT space.