Dolphin Entmt Inc Stock Price, News & Analysis

Dolphin's subsidiary Special Projects managed talent relations at the Academy Museum of Motion Pictures' fourth annual gala, which raised over $11 million for museum initiatives. The event honored Paul Mescal, Rita Moreno, and Quentin Tarantino, featuring performances by Cynthia Erivo. Co-chaired by prominent industry figures including Salma Hayek Pinault and Nicole Kidman, the gala celebrated the museum's three-year anniversary. During the event, Tarantino announced the donation of his original Pulp Fiction script to the museum. The star-studded celebration attracted numerous Hollywood celebrities and industry executives.

Dolphin (NASDAQ:DLPN), a leading independent company in content production, entertainment marketing, and related ventures, has announced its participation in the LD Micro Investor Conference in Los Angeles. The company's Chief Executive Officer, Bill O'Dowd, is scheduled to present on October 30, 2024, at 1:00pm PT.

The presentation will be streamed live and available for replay at https://me24.sequireevents.com/. Interested parties can contact their conference representative or email James@HaydenIR.com for more information about the conference or to schedule a one-on-one in-person meeting with management.

Dolphin Entertainment (NASDAQ:DLPN) CEO Bill O'Dowd issued a letter to shareholders highlighting recent achievements and future prospects. Key points include:

1. CEO's increased personal investment in DLPN stock, viewing it as undervalued.

2. Record revenue in Q4 2023 and Q1 2024.

3. Success of "Blue Angels" documentary co-production with IMAX.

4. Launch of Staple Gin in collaboration with Rachael Ray.

5. Acquisition of Elle Communications, a profitable Impact PR firm.

6. Formation of Always Alpha, focusing on the growing women's sports market.

7. Anticipated 20%+ revenue growth in 2024, exceeding $50 million.

8. Expected positive adjusted operating income for the year.

9. Continued success in entertainment marketing and PR campaigns.

The CEO expresses confidence in Dolphin's future, citing its expanded capabilities and positioning in growth markets like influencer marketing and women's sports.

Shore Fire Media, a subsidiary of Dolphin (NASDAQ:DLPN), is celebrating the upcoming induction of three iconic bands into the Rock & Roll Hall of Fame's 2024 class: Dave Matthews Band, Kool & The Gang, and MC5. The induction ceremony will take place on October 19 at Rocket Mortgage FieldHouse in Cleveland, Ohio, streaming live on Disney+ at 7 p.m. EDT.

Notable presenters include Julia Roberts for Dave Matthews Band, Chuck D for Kool & The Gang, and Tom Morello for MC5. Shore Fire client James Taylor will perform to honor Jimmy Buffet. On October 17, Robert "Kool" Bell of Kool & The Gang will be interviewed at The Rock & Roll Hall of Fame about the group's legacy and upcoming induction.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) has announced a 1-for-2 reverse stock split effective October 16, 2024, at 12:01 a.m. EDT. This move aims to regain compliance with NASDAQ's $1.00 minimum bid price requirement and increase flexibility for future business purposes. The split will reduce outstanding common stock from approximately 22.2 million to 11.1 million shares. Trading on a split-adjusted basis will begin on October 16, 2024, with a new CUSIP number: 25686H 308.

Shareholders will receive one whole share for every two shares held, with no fractional shares or cash compensation issued. The company's transfer agent, Nevada Agency and Transfer Company, will provide instructions to shareholders of record for exchanging shares. Shareholders with electronic holdings in brokerage accounts need not take action, as changes will be reflected automatically.

Dolphin (NASDAQ:DLPN) has launched Always Alpha, the first sports management firm fully focused on women's sports. Founded by Olympic legend Allyson Felix, her brother Wes Felix, and sports executive Cosette Chaput, Always Alpha aims to empower female athletes, broadcasters, and coaches in all aspects of their lives.

The firm seeks to address outdated talent management models and support the multidimensional nature of womanhood. Allyson Felix, the most decorated American track and field Olympian, brings her experience in diversifying her business across marketing, media, entrepreneurship, and impact. Cosette Chaput, known for her trailblazing work in sports marketing, emphasizes the billion-dollar potential of women's sports.

Always Alpha joins Dolphin's portfolio of celebrity and entertainment marketing companies, extending their reach into sports. Dolphin CEO Bill O'Dowd views this venture as a strategic move to support women's sports and provide comprehensive management for modern female athletes and sportscasters.

The Digital Dept., a subsidiary of Dolphin (NASDAQ:DLPN), has achieved significant milestones in the past year. The company, led by co-CEOs Ali Grant and Sarah Boyd, has signed 137 new creators to its roster, including notable talents from various entertainment and social media platforms. Key achievements include:

- Development of 4,327 campaigns
- Hosting 5 BRANDEdit Showrooms, with the New York City event being the highest-grossing
- Reaching over 340 million through its creator roster
- 870 attendees and 240 million social impressions across five events

The company's strategic growth has expanded its influence in diverse industries, positioning it to connect brands with influencers across various niches for more impactful partnerships.

Dolphin (NASDAQ:DLPN) announced that shareholders approved Hilarie Bass as an independent director at the company's 2024 Annual Meeting. Bass, a renowned corporate advisor and litigator, was previously President of Greenberg Traurig, a global law firm. She has extensive experience representing Fortune 500 companies and has served in leadership roles including President of the American Bar Association.

Bass's expertise spans legal, business, and diversity initiatives. She currently serves on several boards and is President of the Bass Institute for Diversity and Inclusion. Dolphin's CEO, Bill O'Dowd, expressed enthusiasm about Bass joining the board, citing her remarkable career, leadership in promoting diversity, and extensive experience in legal and business communities as valuable assets for the company's strategic vision and growth.

42West and Shore Fire Media, subsidiaries of Dolphin (NASDAQ:DLPN), celebrated their clients' successes at the 49th Annual Toronto International Film Festival. 42West represented several high-profile films, including Lionsgate's MEGALOPOLIS and Sony Pictures Classics' I'M STILL HERE. They also promoted acquisition titles and projects from renowned filmmakers. Shore Fire Media saw the premieres of two client films: Hulu and Disney+'s ROAD DIARY: BRUCE SPRINGSTEEN AND THE E STREET BAND and ANDREA BOCELLI: BECAUSE I BELIEVE. The festival showcased a diverse range of content, from major studio releases to independent films and documentaries, highlighting the strong position of both PR firms in the entertainment industry.