Dolphin Entmt Inc Stock Price, News & Analysis

Dolphin (NASDAQ:DLPN) has congratulated its subsidiary 42West on the world premiere of "Beetlejuice Beetlejuice" at the Venice Film Festival. The highly anticipated sequel to Tim Burton's 1988 classic was selected as the festival's Opening Film out of competition and premiered on August 28, 2024, receiving widespread acclaim and a five-minute standing ovation.

This marks Burton's first film to screen at the Venice Film Festival, where he previously received the Golden Lion for Lifetime Achievement in 2007. The sequel stars Michael Keaton, Winona Ryder, and Catherine O'Hara reprising their original roles, alongside newcomers Jenna Ortega, Justin Theroux, Monica Bellucci, and Willem Dafoe. Warner Bros. is set to release "Beetlejuice Beetlejuice" in theaters nationwide on September 6, 2024.

Dolphin subsidiary The Door celebrates the success of its client, New York restaurant Bungalow, which received a prestigious three-star review from The New York Times. This marks the first three-star review of an Indian restaurant in almost 25 years and the first review since Pete Wells' departure. Written by Priya Krishna, the review praises Bungalow for representing a "seismic shift" in the Indian restaurant landscape nationwide.

Chef Vikas Khanna and restaurateur Jimmy Rizvi's Bungalow is recognized for its menu that "defies preconception or oversimplification, neither strictly traditional nor fusion." The review highlights the restaurant's role in elevating Indian cuisine's visibility and influence in mainstream culture, showcasing the creative possibilities within regional Indian food.

Dolphin Entertainment (NASDAQ:DLPN) reported record Q2 2024 revenue of $11.4 million, a 4% increase from Q2 2023. The company achieved H1 2024 revenue of $26.7 million and $0.9 million in Adjusted Operating Income. Despite the revenue growth, Dolphin reported an operating loss of $1.1 million for Q2 2024, compared to a $7.5 million loss in Q2 2023. The company's cash position improved to $9.8 million as of June 30, 2024, up from $7.6 million at the end of 2023.

CEO Bill O'Dowd expressed confidence in exceeding $50 million in annual revenues and delivering full-year positive Adjusted Operating Income. Dolphin's recent acquisition of Elle Communications and planned launch of a sports company are expected to contribute to a strong second half of 2024.

Staple Gin, a new spirit created by culinary icon Rachael Ray and crafted by Do Good Spirits, has won Double Gold and a 96-point rating at the 15th Annual New York International Spirits Competition. The gin is now available nationally via e-commerce and in New York State through Southern Glazer's Wine & Spirits, the world's leading beverage alcohol distributor.

Dolphin Entertainment (NASDAQ:DLPN) has partnered with Ray and Do Good Spirits as the official creative marketing partner for Staple Gin. The gin, conceived as a botanical ode to New York State, features unique ingredients including Castelvetrano olives and extra virgin olive oil. Staple Gin has also received silver medals at the 2024 Bartender Spirits Awards and New Orleans Spirits Competition.

Dolphin (NASDAQ:DLPN), a leading independent entertainment marketing and premium content production company, has announced it will host a conference call to discuss its second quarter 2024 financial results on August 14, 2024, at 4:30 PM ET. The call will cover the quarter ended June 30, 2024. Participants can join the call using the toll-free number 877-545-0320 or the international number 973-528-0002, with the participant access code 630741. A webcast of the call will also be available. For those unable to attend, a replay will be accessible via phone and webcast after the event.

42West, a subsidiary of Dolphin (NASDAQ:DLPN), showcased its industry leadership at San Diego Comic-Con (SDCC) 2024 by representing 13 major entertainment clients. The agency's Fandoms & Franchises Division highlighted its expertise in fan culture and franchise dynamics across consumer products, content, and video games.

Key highlights included Fandom's opening night event sponsored by Electronic Arts, Super7's Teenage Mutant Ninja Turtle event at TNT Pizza, and Funko's Fundays. Other notable clients represented were BoxLunch, Crunchyroll, 10:10 Games, Mondo, Toho, and The Op.

Bill O'Dowd, CEO of Dolphin Entertainment, emphasized that 42West's strong presence at Comic-Con demonstrates their ability to connect major entertainment brands with passionate fan communities across various media platforms.

Newman's Own has launched a national Pay What You Want Pizza truck initiative, allowing customers to choose their price for pizza slices, with all proceeds benefiting children facing adversity through the Newman's Own Foundation. The Door, a Dolphin Entertainment subsidiary, has been selected to execute the multi-channel marketing and PR campaign for this philanthropic effort.

The pizza truck tour, which began in New York City in June, has garnered significant media coverage in outlets like People, Yahoo, and MSN. It continues to travel across major U.S. cities, including Boston, Philadelphia, and Chicago, offering a variety of Newman's Own pizzas. This initiative combines Newman's Own's quality products with a creative approach to support children, aligning with The Door's mission to create impactful brand campaigns.

42West, a subsidiary of Dolphin (NASDAQ:DLPN), celebrates its clients' success with 60 Primetime Emmy Awards nominations for the 76th ceremony scheduled for September 15, 2024. Prime Video leads with 37 nominations, including 17 for FALLOUT and 16 for MR. & MRS. SMITH, both nominated for Outstanding Drama Series. CBS received 9 nominations, including 5 for THE LATE SHOW WITH STEPHEN COLBERT.

Notable personal client nominations include Jonathan Pryce (double nominated), Conan O'Brien (2 nominations), Eugene Levy, Lucy Liu, Christopher Lloyd, and Andrew Jarecki (2 nominations). The nominations span various categories, showcasing 42West's diverse clientele and their achievements in the television industry.

Dolphin Entertainment (NASDAQ:DLPN) has acquired Elle Communications, a leading social and environmental impact PR agency. Elle will become a division of 42West, joining Dolphin's collection of specialty agencies. Founded in 2008 by Danielle Finck, Elle Communications has a 16-year history of amplifying voices in social, racial, and environmental justice.

The acquisition aligns with Dolphin's strategy of bringing together influential firms in PR and marketing for entertainment, lifestyle, and social media. CEO Bill O'Dowd emphasized the importance of social and environmental impact in today's market. Amanda Lundberg, CEO of 42West, highlighted the potential for collaboration on existing and future clients. Danielle Finck and Silvie Snow-Thomas will continue to lead Elle Communications within the Dolphin Entertainment umbrella.