Dolphin Entmt Inc Stock Price, News & Analysis

Dolphin Entertainment, Inc. (NASDAQ:DLPN) announced a 1-for-5 reverse stock split effective November 27, 2020, at 12:01 a.m. EDT. This action will consolidate approximately 32.8 million shares into 6.6 million shares to comply with NASDAQ's minimum bid price requirement of $1.00. Post-split shares will automatically trade at a split-adjusted basis. No fractional shares will be issued, with whole shares provided instead. The company aims to enhance its market standing following this significant corporate action.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) subsidiary Shore Fire Media has celebrated the achievement of its clients, who collectively garnered fifteen GRAMMY nominations across various categories, including Album of the Year. Notable nominees include Jacob Collier for his album Djesse Vol. 3, Sarah Jarosz for World On The Ground, and Ted Hearne for Place. The 63rd Annual GRAMMY Awards will take place on January 31, 2021. This recognition highlights Shore Fire Media's expertise in promoting top-tier artists in the entertainment industry.

Dolphin Entertainment (NASDAQ:DLPN) announced Q3 2020 results, reporting a 23% increase in revenue from Q2, totaling $6.39 million, up from $5.95 million year-over-year. The operating loss narrowed to $493,185, improving from $1.41 million in Q3 2019. The net loss also decreased to $137,630, compared to $326,441 previously. The acquisition of Be Social is highlighted as a significant strategic move to enhance influencer marketing capabilities. The company holds $9.9 million in cash, up from $2.9 million at the end of 2019.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) will host a conference call on November 16, 2020, at 4:30 p.m. ET to discuss its third-quarter financial results for the period ending September 30, 2020. Investors can participate by dialing in or joining via a live webcast. A replay will be available shortly after the event. Dolphin specializes in entertainment marketing and content production through its subsidiaries, offering strategic marketing services to leading brands across various industries.

42West, a subsidiary of Dolphin Entertainment, has achieved a five-star rating in Forbes' first-ever ranking of America's Best PR Firms for 2021. In a survey conducted by Statista, over 12,700 experts and 20,500 customers evaluated more than 5,000 firms, with 42West securing a place in the top 1% as one of only 108 firms to receive this recognition. CEO Bill O'Dowd expressed pride in 42West's excellence, highlighting its role as a trusted partner in the entertainment industry.

Dolphin Entertainment (NASDAQ:DLPN) has announced the launch of Quarterly Earnings Report Videos by its subsidiary, Viewpoint Creative. This new service aims to enhance communication with investors by providing engaging video presentations for Q3 earnings. Viewpoint Creative’s videos utilize animation and motion graphics to simplify complex financial data. The service is expected to attract interest from publicly traded companies preparing for upcoming virtual investor events. Viewpoint's Executive Director, David Shilale, emphasizes the effectiveness of video in conveying financial information clearly.

Dolphin Entertainment (NASDAQ:DLPN) praised its subsidiary, 42West, following a successful showing at the 72nd Emmy Awards, where it managed 33 nominations and secured 43 wins. Key highlights include "Schitt's Creek" making history by winning all major comedy awards and HBO leading all networks with 30 wins. CEO Bill O'Dowd commended the expertise and dedication of the 42West team, reinforcing the company's strong position in entertainment marketing.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) announced promotions within its subsidiary, 42West, on August 27, 2020. Bianca Bianconi, Michael Gagliardo, and Whitney Tancred have been elevated to Executive Vice Presidents and Co-Heads of the talent division, reporting to CEO Amanda Lundberg. The trio will spearhead day-to-day operations across the firm's talent department, enhancing strategic communication campaigns for various entertainers. Their expertise is expected to synergize with recent acquisitions, including Be Social, to bolster service offerings for clients.