Dolphin Entertainment Inc. (DLPN) stock soared 236.33% on Tuesday, March 23, 2021, and it further gained 55.48% in the after-market trading. The recent partnership announcement was the reason behind DLPN stock surging. DLPN stock volume remained 166.12 million shares, which was higher than the average daily volume of 4.19 million shares within the past 50 days. DLPN shares have risen by 840.00% over the last 12 months, and they have moved up by 269.56% in the past week. Over the past three months, the stock has gained 417.80%, while over the past six months, it has shed 427.48%. Further, DLPN has a current market of $107.60 million and its outstanding shares stood at 6.68 million.
DLPN and HOFV partnership
On March 23, 2021, Dolphin Entertainment, Inc announced that it has signeda partnership agreement with the Hall of Fame Resort & Entertainment Company (HOFV). According to the agreement, non-fungible tokens (NFTs) will be offered by (HOFV) which will allow fans of professional football and sports entertainment to buy and sell exclusive content developed by HOFV and its partners.
The deal will result in forming a new division by Dolphin Entertainment called, NFT.
Participation in the recent investors’ conference
The DLPN participated virtually at the Maxim Group virtual investor conference, which held on March 19, 2021, Friday, at 1:30 pm ET. The company was represented by Chief Executive Officer, Bill O’Dowd
The recent acquisition of B/HI
On January 12, 2021, Dolphin Entertainment, Inc. acquired the B/HI (formerly Bender/Helper Impact). The acquisition is a major step towards the expension of DLPN entertainment marketing capabilities
About the DLPN
Dolphin Entertainment is a leading independent entertainment marketing and premium content development company. The company was founded by Bill O’Dowd in 1995 and is based in Florida, United States. Its Subsidiaries are 42West, Shore Fire Media, Viewpoint Creative. Bill O’Dowd is the current CEO and Chairman of the company. CEO Bill O’Dowd has produced multiple feature films and award-winning digital series.