Dolphin Entertainment's Midnight Theatre celebrates opening week » 09:2709/2209/22/22
Midnight Theatre, a major…
Midnight Theatre, a major investment of Dolphin Entertainment, launched its first season with a bang this week, kicking off with Peacock's premier of new romantic comedy Meet Cute on Tuesday. Future programming will include talent from the Broadway stage, comedy, music, DJs and other unique special events - including a showcase Magic Tonight on September 24 and British singer/songwriter Raye on November 7
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Dolphin Entertainment files to sell 3.06M shares of common stock for holders 17:3509/0809/08/22
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Midnight Theatre sets official opening date in September » 09:2408/1708/17/22
Midnight Theatre, the…
Midnight Theatre, the anticipated new variety theater in midtown Manhattan, will officially open the doors to its space on September 21, 2022. This performance venue is located in the heart of New York's Manhattan West, Brookfield Properties' latest neighborhood development between 9th and 10th Avenues and West 31st and 33rd streets. The 160-seat theater was conceptualized by Creative Director Warren Adcock to be a unique home setting for talent in all genres of music, magic, theater and performance art, and will become the home of Mastercard's multisensory studio. Dolphin Entertainment has an ownership position in the Midnight Theatre. Dolphin manages all aspects of publicity and marketing for the venue, as well as facilitates talent and commercial relationships within the entertainment and culinary industries.
Dolphin Entertainment price target lowered to $10 from $12 at Maxim » 08:4608/1608/16/22
Maxim analyst Allen Klee…
Maxim analyst Allen Klee lowered the firm's price target on Dolphin Entertainment to $10 from $12 but keeps a Buy rating on the shares. The company's Q2 revenues were higher than he expected with strong organic growth, the analyst tells investors in a research note, adding that PR and marketing improvements reflect the reopening of the economy and better cross-selling. Klee adds however that his reduced price target reflects an updated assumed enterprise value to expected EBITDA multiple to 10-times from 11-times prior, which is in line with the peer median.
Dolphin Entertainment reports Q2 EPS 4c, two estimates 8c » 08:4408/1608/16/22
Reports Q2 revenue at…
Reports Q2 revenue at $10.3M, two estimates $10.3M. "We recorded our fifth straight quarter of double-digit YoY revenue growth, up 19% to $10.3 million, and we're on pace to cross $40.0 million in annual revenue this year" said Bill O'Dowd, CEO. "In terms of key profit metrics, operating income was $488,958 during the second quarter and we continue to expect to generate a larger annual EBITDA profit in 2022 than we did last year, despite our increased investment in 2.0 opportunities. Speaking of Dolphin 2.0 investments, in May we announced our first such opportunity in our legacy content vertical with a multi-year agreement with IMAX to co-produce feature documentaries. "Blue Angels," our first project with IMAX, is already in production, and has a planned H2 2023 theatrical release. In June, we announced a full slate of NFT projects we expect to be released this year. And we continue to be excited by our investment in Crafthouse Cocktails, which is continuing to pick up available locations across the country, and now also internationally with its first distribution deals in London."
Dolphin Entertainment regains compliance with Nasdaq listing requirements » 09:1107/2507/25/22
Dolphin Entertainment announced that on July 19, 2022, the Company received a letter from the Listing Qualifications Department of The NASDAQ Stock Market indicating that it has regained compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. The Company regained compliance with the NASDAQ's requirements when it filed its Form 10-Q for the period ended March 31, 2022, and the matter is now closed.
Dolphin Entertainment regains compliance with NASDAQ listing requirements » 09:0707/2507/25/22
Dolphin Entertainment announced that on July 19, the Company received a letter from the Listing Qualifications Department of The NASDAQ Stock Market indicating that it has regained compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. The Company regained compliance with the NASDAQ's requirements when it filed its Form 10-Q for the period ended March 31, and the matter is now closed.
Dolphin Entertainment congratulates 42West, clients on emmy nominations » 09:2307/1407/14/22
Dolphin Entertainment congratulated its subsidiary, 42West, and its clients on their incredible work being recognized in this week's nominations for the 74th annual Emmy Awards. Personal clients and programs that the company worked on in the course of the eligibility period received a total of 97 Emmy nominations.
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Dolphin Entertainment's WCIP announces slate of NFT projects » 09:1806/0706/07/22
Dolphin Entertainment announced that its Web3 marketing, consulting and communications agency, We Come In Peace, has developed a full slate of metaverse related clients and NFT projects, including ones with supermodel Bella Hadid and music industry mogul Troy Carter. In the first quarter of 2022, Dolphin Entertainment and WCIP partnered with celebrity chefs and restaurateurs Tom Colicchio and Spike Mendelsohn on Chfty, a collection of NFTs that provide owners with access to a culinary community led by the founders with virtual and in-person cooking events. The collection went on sale in March and sold out in less than 24 hours. WCIP's partnership with Chfty will continue in 2022 with the creation of a larger Web3 culinary ecosystem aimed at helping chefs, foodies, and brands integrate into Web3. WCIP was tapped by reBASE, the first ever geo-minting NFT platform, to help market and promote a new metaverse and NFT initiative co-founded by Bella Hadid. CY-B3LLA is a global community of humans, connected through a desire to create true, meaningful and compassionate relationships. Access to this community will be achieved through the acquisition of a limited collection of 11,111 unique NFTs, each featuring one-of-a-kind 3D scans of Hadid. The announcement of CY-B3LLA was unveiled first to her more than 52 million social media followers and then with key placements in publications such as Hypebeast, Glamour, NFT Now and many more. The NFT collection is expected to go on sale in mid June. In partnership with music and tech industry entrepreneurs Troy Carter and Suzy Ryoo, WCIP is also working on promoting a new NFT-gated community called the Venice Music Collective built for independent music artists. Membership via the NFT will serve as an access pass to an ecosystem for musicians including distribution, recording studios, creative workspaces, sync, analytics, financial services, equipment rental, community events and much more. In the coming months, WCIP will also help bring to market a generative NFT project that reimagines a new visual language for Web3 that is made up of variations of the 26 letters in the English alphabet called The Symbols. Developed by and in collaboration with some of the biggest names and influencers in Web3 and entertainment, owning a hand drawn Symbol NFT will unlock access to a global community, quarterly in real life events, exclusive merchandise, and proprietary decentralized applications that includes a word game. WCIP is also working on several projects with House of Attention, a creative and innovation studio specializing in immersive Web3 experiences, including Domonos, a collection of 100 hand-drawn pieces minted as NFTs and created by acclaimed Panamanian artist Miky Fabrega. Each Domonos NFT is a special piece of Latin American digital art history, with proceeds from each sale supporting Voces Vitales de Panama, a non-profit organization supporting underprivileged girls and women in Latin America and Surge, a female led organization focused on onboarding the next generation of women into Web3. This summer, WCIP will help launch The Dinner Roll Campaign, an art project that connects technology, charity and art in an effort to support the struggling restaurant and food service industries devastated by the global pandemic. More than 60 chefs and culinary elite, including; Danny Meyer, Rachael Ray, Eric Ripert, Amanda Freitag and Marcus Samuelsson have individually recreated Charlie Chaplin's iconic performance from the 1925 film "The Gold Rush." Each performance has been stitched together into a video mosaic art piece that will be auctioned off as an NFT with proceeds benefiting City Harvest, The James Beard Foundation, Rethink Food and World Central Kitchen. WCIP will continue to support Dolphin's strategic partnership with The Flower Girls, the fine art female-led NFT collection of 10,000 unique Flower Girls by revered artist Varvara Alay. Launched in December of 2021, The Flower Girls has surpassed over $15 million in sales to-date and is donating 20% of profits to a variety of children's charities voted on by the community. In addition, WCIP and Dolphin plans to bring its first wholly owned NFT project, Creature Chronicles, live this summer. Creature Chronicles is a multi-season graphic NFT event created by Anthony Francisco, who most recently served as a Senior Visual Development Artist at Marvel Studios, where he designed some of the world's most beloved characters and elements for the Marvel Cinematic Universe, from Baby Groot and Loki to the Dora Milaje of Black Panther and Ant Man + Wasp.
Dolphin Entertainment announces change of auditor to Grant Thornton » 09:2706/0606/06/22
Dolphin Entertainment announced that its Audit Committee approved the engagement of Grant Thornton as the Company's new independent registered public accounting firm, effective June 3, 2022. The Committee dismissed its prior registered independent public accounting firm on May 27, 2022. The Company is working closely with Grant Thornton and its prior registered independent public accounting firm to ensure a seamless transition.