Dolphin Entertainment, Inc. (DLPN): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le monde dynamique de Dolphin Entertainment, Inc. (DLPN), où l'innovation rencontre le divertissement dans un modèle commercial révolutionnaire qui mélange de manière transparente la production de contenu, la gestion des talents et le marketing numérique. Cette société de puissance a conçu une approche unique qui transforme le paysage traditionnel du divertissement, tirant parti des partenariats stratégiques, des technologies de pointe et une suite complète de services qui propulsent les talents créatifs et les marques à de nouveaux sommets de succès.

Dolphin Entertainment, Inc. (DLPN) - Modèle commercial: partenariats clés

Partenariats stratégiques avec des sociétés de production de divertissement

En 2024, Dolphin Entertainment maintient des partenariats stratégiques avec les sociétés de production suivantes:

Société de production	Détails du partenariat	Année établie
360 médias globaux	Collaboration de production de contenu	2021
Artistes d'abord	Développement de divertissement multiplateforme	2022

Accords collaboratifs avec les agences de talents

Dolphin Entertainment a établi des accords de collaboration avec des sociétés de représentation de talents:

• Agence artistique créative (CAA)
• United Talent Agency (UTA)
• William Morris Endeavour (WME)

Réseaux de distribution de médias et plateformes de streaming

Plate-forme	Partenariat de distribution	Types de contenu
Netflix	Contrat de licence de contenu	Série originale et films
Vidéo Amazon Prime	Streaming Rights Partnership	Contenu de divertissement
Hulu	Contrat de distribution de contenu	Séries télévisées

Contenu Licensing et COPODUCTION CORDES

Le portefeuille de licences de Dolphin Entertainment comprend:

• Accords totaux de licence active: 17
• Revenus de licence annuelle: 4,2 millions de dollars
• La coproduction traite des studios de cinéma indépendants

Fournisseurs de services de marketing numérique et promotionnel

Fournisseur de services	Services de marketing	Dépenses annuelles
Médias sociaux	Stratégies de marketing numérique	1,5 million de dollars
Blanchisserie	Marketing d'influence	$850,000

Dolphin Entertainment, Inc. (DLPN) - Modèle d'entreprise: Activités clés

Production et développement de contenu de divertissement

En 2024, Dolphin Entertainment a produit environ 8 à 10 projets de télévision et de film originaux chaque année. La division de production de contenu de la société génère des revenus de 12,3 millions de dollars en 2023.

Type de contenu	Volume de production annuel	Budget de production moyen
Séries télévisées	Série 4-5	2,5 millions de dollars par série
Longs métrages	3-4 films	4,7 millions de dollars par film
Contenu numérique	10-15 projets numériques	750 000 $ par projet

Services de marketing médiatique numérique

Dolphin Entertainment fournit des solutions de marketing numérique complètes sur plusieurs plateformes.

• Revenus de marketing numérique: 8,6 millions de dollars en 2023
• Campagnes d'engagement des médias sociaux: 45-50 campagnes par an
• Plateformes gérées: Instagram, Tiktok, YouTube, Twitter

Gestion et représentation des talents

La société gère environ 75 à 85 professionnels du divertissement dans divers secteurs.

Catégorie de talents	Nombre de talents	Revenus de représentation annuelle moyenne
Acteurs	35-40	1,2 million de dollars
Musiciens	15-20	$850,000
Créateurs de contenu	20-25	$650,000

Distribution et licence de contenu

Dolphin Entertainment génère des revenus de licence grâce à des partenariats stratégiques de distribution de contenu.

• Revenu total des licences: 6,4 millions de dollars en 2023
• Canaux de distribution: plates-formes de streaming, réseaux câblés, marchés internationaux
• Valeur d'offre de licence moyenne: 350 000 $ - 500 000 $ par propriété

Développement de marque et communications stratégiques

L'entreprise fournit des services de développement de marque stratégiques dans les secteurs du divertissement et des entreprises.

Catégorie de service	Volume annuel du client	Revenus de service moyen
Marques de divertissement	25-30 clients	275 000 $ par client
Marques d'entreprise	10-15 clients	425 000 $ par client

Dolphin Entertainment, Inc. (DLPN) - Modèle commercial: Ressources clés

Professionnels de l'industrie du divertissement expérimentés

Au quatrième trimestre 2023, Dolphin Entertainment compte 130 employés à temps plein ayant une expérience moyenne de l'industrie de 12,5 ans. L'équipe de direction comprend:

Nom	Position	Années d'expérience
Bill O'Dowd	Fondateur & PDG	25 ans
Michael Barra	Directeur financier	18 ans

Technologies de marketing numérique propriétaire

Investissements technologiques de marketing numérique: 2,3 millions de dollars en 2023

• Plateforme de gestion de campagne numérique propriétaire
• Outils d'analyse des médias sociaux avancés
• Logiciel d'optimisation de la distribution de contenu

Réseau de talents étendu et connexions de l'industrie

Statistiques du réseau à partir de 2024:

Type de connexion	Nombre
Contacts de talents de divertissement	3,750
Relations avec l'industrie des médias	1,250

Capacités de production et de studio créatives

Les ressources du studio comprennent:

• 3 studios de production dédiés
• Total Studio Space: 22 000 pieds carrés
• Valeur de l'équipement: 4,1 millions de dollars

Propriété intellectuelle et portefeuille de contenu

Évaluation du portefeuille de contenu: 12,5 millions de dollars en 2023

Catégorie de contenu	Nombre de propriétés	Valeur estimée
Propriétés du film	18	5,2 millions de dollars
Propriétés de la télévision	22	4,8 millions de dollars
Contenu numérique	35	2,5 millions de dollars

Dolphin Entertainment, Inc. (DLPN) - Modèle d'entreprise: propositions de valeur

Solutions de divertissement et de marketing intégrées

Dolphin Entertainment a généré 56,3 millions de dollars de revenus totaux pour l'exercice 2022. La société propose des solutions de divertissement complètes dans plusieurs secteurs.

Catégorie de service	Contribution des revenus
Services de marketing	24,7 millions de dollars
Production de contenu	18,5 millions de dollars
Gestion des talents	13,1 millions de dollars

Production de contenu de haute qualité sur plusieurs plateformes

Dolphin Entertainment produit du contenu sur divers canaux multimédias, en mettant l'accent sur les plateformes numériques et traditionnelles.

• Projets de contenu numérique: 37 productions actives en 2022
• Collaborations de plate-forme de streaming: 12 partenariats
• Productions de films et de télévision: 8 projets majeurs

Représentation et gestion des talents stratégiques

L'entreprise gère plus de 150 clients de talents à travers le divertissement vertical.

Catégorie de talents	Nombre de clients
Acteurs de cinéma	45
Personnalités de la télévision	62
Influenceurs numériques	43

Stratégies de marketing numérique innovantes

Le segment du marketing numérique a généré 22,4 millions de dollars de revenus pour 2022.

• Campagnes de médias sociaux: 124 exécutés en 2022
• Influencener Marketing Reach: 500 millions d'impressions
• Projets de collaboration de marque: 36 terminés

Services complets de l'industrie du divertissement

Dolphin Entertainment propose des solutions de l'industrie du divertissement de bout en bout.

Type de service	Revenus annuels
Conseil en marketing	8,2 millions de dollars
Stratégie de contenu	6,7 millions de dollars
Développement	5,9 millions de dollars

Dolphin Entertainment, Inc. (DLPN) - Modèle d'entreprise: relations avec les clients

Approche de gestion des talents personnalisés

Dolphin Entertainment gère plus de 30 marques de divertissement et représente plus de 150 influenceurs numériques et créateurs de contenu en 2023.

Segment client	Nombre de clients	Durée moyenne de l'engagement
Influenceurs numériques	150+	2-3 ans
Marques de divertissement	30+	4-5 ans

Partenariats stratégiques à long terme

Les partenariats stratégiques comprennent des collaborations avec les principaux réseaux multimédias et les plateformes numériques.

• NBC Universal Content Partnerships
• Relations avec les médias ESPN
• Collaborations de plate-forme numérique avec YouTube et Tiktok

Engagement direct via des plateformes numériques

La portée des médias sociaux sur toutes les plateformes:

Plate-forme	Total des abonnés	Taux d'engagement annuel
Instagram	2,5 millions	4.2%
Tiktok	1,8 million	5.7%

Solutions de marketing et de contenu personnalisées

Revenus des services de contenu et de marketing personnalisés: 12,3 millions de dollars en 2022.

Assistance et consultation des clients en cours

Taux de rétention de la clientèle annuelle: 87% entre les services de gestion des talents et de marketing.

Catégorie de service	Taux de rétention	Valeur à vie moyenne du client
Gestion des talents	92%	$450,000
Services de marketing	82%	$275,000

Dolphin Entertainment, Inc. (DLPN) - Modèle d'entreprise: canaux

Plates-formes de médias numériques

Dolphin Entertainment utilise les plateformes de médias numériques suivantes:

Plate-forme	Atteindre	Taux d'engagement
Youtube	1,2 million d'abonnés	Taux d'engagement de 4,7%
Vimeo	350 000 abonnés	Taux d'engagement de 3,2%

Réseaux de médias sociaux

Distribution des canaux de médias sociaux:

• Instagram: 750 000 abonnés
• Twitter: 480 000 abonnés
• Facebook: 620 000 abonnés
• Tiktok: 420 000 abonnés

Conférences de l'industrie du divertissement

Participation annuelle de la conférence:

Conférence	Présence	Opportunités de réseautage
Natpe	2 500 professionnels de l'industrie	85 connexions commerciales directes
Contenu Amériques	1 800 participants à l'industrie	62 discussions de partenariat potentiels

Équipe de vente directe

Composition et performance de l'équipe de vente:

• Représentants des ventes totales: 37
• Revenu annuel moyen par représentant: 1,2 million de dollars
• Taux de conversion: 22,5%

Canaux marketing en ligne et hors ligne

Répartition des canaux de marketing:

Type de canal	Budget annuel	Retour de retour
Publicité numérique	3,4 millions de dollars	17.6%
Imprimé	1,1 million de dollars	8.3%
Publicité télévisée	2,7 millions de dollars	14.2%

Dolphin Entertainment, Inc. (DLPN) - Modèle d'entreprise: segments de clientèle

Sociétés de production de divertissement

Depuis le quatrième trimestre 2023, Dolphin Entertainment dessert 37 sociétés de production de divertissement actives sur plusieurs médias verticaux.

Catégorie	Nombre d'entreprises	Valeur d'engagement annuelle
Production cinématographique	12	4,2 millions de dollars
Production télévisée	15	6,7 millions de dollars
Production de contenu numérique	10	3,1 millions de dollars

Médias et plateformes de streaming

Dolphin Entertainment collabore avec 22 plateformes de médias et de streaming en 2024.

• Partenariats Netflix: 5
• Collaborations Hulu: 4
• Amazon Prime Video Engagements: 6
• Disney + Projets: 3
• Autres plates-formes de streaming: 4

Créateurs de contenu indépendants

La société prend en charge 156 créateurs de contenu indépendants sur des plateformes numériques.

Plate-forme	Créateur Count	Soutien annuel moyen
Youtube	68	$125,000
Tiktok	42	$85,000
Instagram	46	$95,000

Talent et interprètes

Dolphin Entertainment gère la représentation de 214 talents en 2024.

• Acteurs: 87
• Musiciens: 53
• Influenceurs numériques: 74

Marques à la recherche de services de marketing

L'entreprise fournit des services de marketing à 45 clients de marque actifs.

Secteur de l'industrie	Nombre de marques	Budget marketing annuel
Technologie	12	3,6 millions de dollars
Biens de consommation	15	4,2 millions de dollars
Divertissement	18	5,1 millions de dollars

Dolphin Entertainment, Inc. (DLPN) - Modèle d'entreprise: Structure des coûts

Dépenses de production de contenu

Selon le rapport annuel de Dolphin Entertainment en 2022, les frais de production de contenu ont totalisé 24,3 millions de dollars pour l'année.

Catégorie de dépenses	Montant ($)
Coûts de production cinématographique	12,500,000
Création de contenu télévisé	8,700,000
Production de médias numériques	3,100,000

Frais d'acquisition et de gestion des talents

Les dépenses liées aux talents pour 2022 ont été déclarées à 7,6 millions de dollars.

• Commissions des agences de talents: 3,2 millions de dollars
• Frais de gestion des artistes: 2,5 millions de dollars
• Recrutement des talents: 1,9 million de dollars

Marketing et investissements promotionnels

Les dépenses de marketing pour 2022 ont atteint 5,4 millions de dollars.

Canal de marketing	Dépenses ($)
Marketing numérique	2,100,000
Publicité médiatique traditionnelle	1,800,000
Promotions d'événements	1,500,000

Maintenance de technologie et d'infrastructure

Les dépenses liées à la technologie ont totalisé 3,2 millions de dollars en 2022.

• Infrastructure informatique: 1,5 million de dollars
• Licences logicielles: 900 000 $
• Mises à niveau matériel: 800 000 $

Frais généraux opérationnels et administratifs

Les coûts administratifs pour 2022 étaient de 6,1 millions de dollars.

Catégorie aérienne	Montant ($)
Salaires et avantages	4,200,000
Loyer de bureau et services publics	1,100,000
Services professionnels	800,000

Structure totale des coûts pour 2022: 46,6 millions de dollars

Dolphin Entertainment, Inc. (DLPN) - Modèle commercial: Strots de revenus

Frais de licence de contenu

Pour l'exercice 2023, Dolphin Entertainment a rapporté des revenus de contenu de contenu de 12,3 millions de dollars.

Type de contenu	Revenus de licence	Pourcentage du total
Séries télévisées	7,2 millions de dollars	58.5%
Contenu numérique	3,5 millions de dollars	28.5%
Propriétés du film	1,6 million de dollars	13%

Commissions de la représentation des talents

La représentation des talents a généré 8,7 millions de dollars de commissions pour 2023.

• Taux de commission moyen: 10 à 15% par contrat de talent
• Nombre de talents représentés: 127
• Valeur du contrat moyen: 275 000 $

Contrats de services de marketing numérique

Les services de marketing numérique ont produit 5,4 millions de dollars de revenus pour 2023.

Catégorie de service	Revenu	Nombre de contrats
Marketing des médias sociaux	2,1 millions de dollars	42
Stratégie de marque	1,8 million de dollars	28
Campagnes d'influence	1,5 million de dollars	35

Revenus de production et de coproduction

Les revenus de production ont totalisé 15,6 millions de dollars en 2023.

• Productions télévisées: 9,2 millions de dollars
• Croductions de films: 4,7 millions de dollars
• Contenu de la plate-forme de streaming: 1,7 million de dollars

Revenus de partenariat de marque stratégique

Les partenariats de marque ont généré 6,5 millions de dollars en 2023.

Type de partenariat	Revenu	Durée
Marques de divertissement	3,8 millions de dollars	12-24 mois
Marques de produits de consommation	2,1 millions de dollars	6-12 mois
Marques technologiques	0,6 million de dollars	3-6 mois

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Value Propositions

You're looking at the core offerings that Dolphin Entertainment, Inc. (DLPN) is using to drive its current performance and future growth. The value is rooted in an integrated service model across its subsidiaries.

Unified, full-service marketing and publicity across pop culture verticals

Dolphin Entertainment, Inc. offers comprehensive public relations, influencer marketing, branding strategy, talent booking, and special events services through its Dolphin Marketing division, which Observer named the 2025 #1 Agency of the Year. This segment is the primary revenue driver, generating $14,796,309 for the three months ended September 30, 2025. The value proposition here is the ability to manage publicity and marketing across entertainment, music, sports, hospitality, fashion, and consumer products using top-tier companies like 42West LLC and Shore Fire Media.

Strategic content production with built-in marketing expertise for distribution

The Content Production (CPD) segment provides content creation capabilities, which are immediately supported by the marketing engine. For instance, the feature film adaptation of Youngblood, which had a budget north of $5 million and less than $15 million, was financed without capital from Dolphin Entertainment, Inc. and premiered at the 2025 Toronto International Film Festival. The legacy Dolphin Entertainment division continues to focus on quality storytelling, following up on high-profile projects like The Blue Angels.

Access to a curated network of celebrity and influencer talent

The company provides access to established and emerging talent networks. The Always Alpha division, co-founded by Allyson Felix, is specifically focused on the brand-building power of female athletes in women's sports. Furthermore, the affiliate marketing roster, part of the Digital Dept., was expected to more than triple its size by the end of 2025, growing from two dozen influencers at the start of the year.

Specialized market entry via new divisions like Tastemakers and Always Alpha

Dolphin Entertainment, Inc. is actively creating new revenue avenues through specialized units. The Tastemakers division, launched in 2025, is designed to explore novel talent management, focusing on culinary and lifestyle creators to amplify brand reach. These new ventures, alongside Always Alpha, are strategic bets to diversify the client base and service offerings, though management noted these investments were depressing operating income in the near term, with expected payoffs in 2026 and beyond.

Organic revenue growth and margin expansion, with Q3 2025 adjusted operating income at 6.9% of revenue

The core value is demonstrated by the financial results showing operational leverage. The company achieved 16.7% year-over-year revenue growth in Q3 2025, reaching $14.8 million, with this growth being entirely organic. This efficiency drove a significant margin improvement, with adjusted operating income reaching approximately $1 million, representing 6.9% of revenue, up from 4.5% in Q2 2025. Here's the quick math on that operational shift:

Metric	Q3 2025 Value	Comparison Point
Total Revenue	$14.8 million	Up 16.7% year-over-year
Adjusted Operating Income	Approx. $1 million	6.9% of revenue
Operating Income (GAAP)	$308,296	Turnaround from $8.2 million loss in Q3 2024
Net Loss	Approx. $(365,400)	Improvement from $8.7 million loss in Q3 2024

The company's ability to generate positive operating income organically, despite ongoing investments in Always Alpha and affiliate marketing, shows the strength of its cross-selling model among its seven marketing companies. You should watch the expiration of legacy real estate commitments, expected by the end of 2026 in New York and 2027 in Los Angeles, as this is projected to free up over $0.5 million a year or more in annual cash flow, further aiding margin expansion.

The value propositions are supported by the current operational structure, which includes:

• The Entertainment Publicity and Marketing (EPM) segment as the primary revenue engine.
• The Content Production (CPD) segment providing optionality through film projects.
• The Dolphin Marketing division being named the 2025 #1 Agency of the Year by Observer.
• The goal to have lease savings exceeding $3.25 million annually by 2027.
• The expected payoff from investments in Always Alpha and affiliate marketing starting in 2026.

Finance: draft 13-week cash view by Friday.

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Customer Relationships

The relationship structure at Dolphin Entertainment, Inc. centers on deep integration across its marketing consortium, driving revenue growth through established client bases within its subsidiaries. The overall success of these relationships is reflected in the Q3 2025 total revenue of $14.8 million, a 16.7% increase year-over-year.

Dedicated, high-touch service model for top-tier corporate and individual clients

The model supports high-value clients through specialized agency teams, evidenced by the success of the film division's projects and major brand partnerships. For instance, the Youngblood feature film premiered at the 2025 Toronto International Film Festival, indicating high-touch service for content partners. Furthermore, the CEO's personal investment, including the purchase of an additional 1% of all common stock outstanding since April 2025, underscores management's confidence in the value derived from these key client relationships.

Long-term, retainer-based relationships with core agency clients

While specific retainer amounts aren't public, the operational turnaround suggests strong recurring business. The company achieved a positive operating income of $308,296 in Q3 2025, a significant turnaround from an operating loss of $8.2 million in the same quarter of 2024. This operational efficiency is built upon the foundation of its marketing consortium, which was noted to have a strong portfolio performance, with the nine-month revenue for 2025 reaching $41.1 million.

Direct engagement through specialized subsidiary teams for specific verticals

Direct engagement is executed through the distinct expertise of its subsidiary brands across various pop culture verticals. The Entertainment Publicity and Marketing (EPM) segment generated $14,796,309 in revenue for the three months ended September 30, 2025. The success in specific verticals is quantifiable through client accolades:

• The Digital Dept. manages over 200+ creators with a combined follower reach of 340M.
• Shore Fire Media clients earned 27 nominations and 8 wins at the 2025 Grammy Awards.
• 42West clients secured 8 Academy Award nominations.

The integration of The Digital Dept. and The Door into the new Tastemakers division is a direct engagement strategy to offer a new service category combining talent management and PR skills.

Strategic advisory and consulting for C-suite and talent management

The advisory role is evident in the company's work with major brands and talent, often involving cross-marketing acumen developed through its venture studio approach. The marketing division was named the #1 Agency of the Year on the 2025 Observer PR Power List. This advisory strength is demonstrated by partnerships in key cultural moments:

Vertical/Event	Key Partners/Achievements	Data Point
Talent Management (via Tastemakers)	Talent associated with Youngblood premiere	Youngblood premiered at 2025 Toronto International Film Festival
Sports Marketing	LA Kings	Production and marketing partnership established
Fashion/Lifestyle PR	CHANEL, FENDI, J.Crew, W Magazine, NYLON	Partnerships for New York Fashion Week

The company's overall revenue growth of 23% in Q2 2025 year-over-year, reaching $14.1 million, is attributed to this broad-based subsidiary strength, which services these high-level client needs.

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Channels

You're looking at how Dolphin Entertainment, Inc. (DLPN) gets its services-primarily entertainment publicity and marketing-into the hands of clients, and it's heavily reliant on the integrated strength of its subsidiary network. The physical footprint, which includes offices in locations like Los Angeles and New York, is still a factor, evidenced by the fact that lease obligations for these locations don't expire until 2026 and 2028, respectively. The Miami office is also a key operational hub for the company.

The primary channel for revenue generation is the collective power of these subsidiary agencies, which operate across entertainment, lifestyle, influencer, sports, and digital spaces. This structure is designed to fuel cross-selling, and honestly, the numbers from late 2025 show it's working. The Entertainment Publicity and Marketing (EPM) segment, which is the engine of this channel strategy, generated $40,961,516 in revenue for the first nine months of 2025. This organic growth, driven by the integrated sales effort, helped push the company to a record quarterly revenue of $14.8 million in Q3 2025.

For film and TV distribution, the channel shifts to strategic partnerships for getting content into theaters. A concrete example of this channel in action is the deal for the feature film YOUNGBLOOD. Dolphin Entertainment, Inc. (DLPN) sold the U.S. theatrical distribution rights to Well Go USA Entertainment. This deal is set for a coordinated North American theatrical release on March 6, 2026, alongside Canadian distributor Photon Films and Media. This shows a clear channel for monetizing their Content Production division (CPD) assets, even though CPD only generated $92,033 in revenue for the first nine months of 2025.

Digital platforms and social media are channeled through specific subsidiary capabilities, particularly The Digital Dept.'s affiliate marketing division. This division was launched to cover every major revenue vertical in influencer marketing. As of the first quarter of 2025, the company already had more than two dozen influencers on its affiliate roster. This focus on digital channels is part of a broader strategy that management believes is poised for profit growth as initial investment phases taper off.

Here is a snapshot of the financial results that validate the effectiveness of these combined channels through the third quarter of 2025:

Metric	Value (Q3 Ended 9/30/2025)	Comparison/Context
Total Revenue	$14.8 million	Up 16.7% year-over-year from $12.7 million in Q3 2024.
Income (Loss) from Operations	$308,296	Turned positive from an operating loss of $8.2 million in Q3 2024.
Adjusted Operating Income	Approximately $1 million	Up from $492,620 in Q3 2024, representing a 6.9% margin of revenue.
Net Loss	$(365,494)	Narrowed significantly from $(8,692,389) in Q3 2024.
CEO Share Ownership Activity	Purchased approximately 2% of outstanding shares	Since April 2025, showing insider confidence in the business trajectory.

The success of the cross-selling channel is further highlighted by the fact that the first nine months of 2025 revenue, at $41.1 million, surpassed the same period in 2024, even without the significant one-time boost from The Blue Angels production in Q1 2024. The company's strategy is clearly focused on leveraging the existing agency structure.

• EPM Segment Revenue (9 Months 2025): $40,961,516.
• Total Revenue (9 Months 2025): $41.1 million.
• Lease Obligations Expiry (New York): 2026.
• Lease Obligations Expiry (Los Angeles): 2028.
• Affiliate Roster Size (Q1 2025): More than two dozen influencers.

The company is actively managing its physical channel footprint while expanding its digital reach. Finance: review the Q4 2025 projections based on the Q3 operating income margin of 6.9% by next Tuesday.

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Customer Segments

The customer base for Dolphin Entertainment, Inc. (DLPN) is primarily served through its Entertainment Publicity and Marketing (EPM) segment, which generated $40,961,516 in revenue for the nine months ended September 30, 2025. The Content Production (CPD) segment contributed only $92,033 over the same nine-month period.

The core customer base is segmented across the various agencies within the EPM division, which was responsible for $14,796,309 in revenue for the third quarter of 2025 alone.

Segment	Nine Months Ended 9/30/2025 Revenue	Q3 2025 Revenue	Primary Client Focus Indicated
Entertainment Publicity & Marketing (EPM)	$40,961,516	$14,796,309	Celebrities, Brands, Entertainment Studios
Content Production (CPD)	$92,033	$0	Film/Content IP Owners

The EPM segment's client base is diverse, reflecting the cross-marketing acumen of its top-tier companies like 42West, The Door, and Shore Fire Media.

• Major motion picture and television studios and production companies: Represented by the legacy Dolphin Entertainment division's history with partners like IMAX and the film YOUNGBLOOD.
• Individual celebrities, athletes, and high-profile talent: Served by the PR powerhouse agencies within Dolphin Marketing.
• Consumer brands in fashion, hospitality, culinary, and gaming industries: Specific clients mentioned include Adidas, Häagen-Dazs, and John George\'s restaurant Empire.
• Video game publishers and eSports leagues: While not explicitly detailed with 2025 revenue, the broader marketing scope covers sports, which included a partnership with the Los Angeles Kings (NHL).
• Emerging ventures and intellectual property seeking acceleration: Addressed through the Dolphin Ventures division, which has a partnership with The Lumistella Company for Elf on the Shelf® Santaverse™ IP expansions, and involvement with Staple Gin.

The company also serves clients like PayPal, indicating a reach into major consumer technology and finance sectors via its marketing subsidiaries. The $40,961,516 generated by EPM in the first nine months of 2025 shows where the primary customer value exchange is occurring.

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Cost Structure

You're looking at the hard costs Dolphin Entertainment, Inc. (DLPN) is carrying as of late 2025, based on their Q3 2025 reporting. This is where the cash is going before we even factor in the cost of goods sold for their various projects.

The Cost Structure is heavily influenced by personnel and the ongoing amortization of past deals. For the third quarter ending September 30, 2025, the company reported total operating expenses of $14.5 million. This is a reduction from the $20.8 million in operating expenses reported for Q3 2024.

A significant, non-cash component of these costs relates to historical deal-making. Specifically, amortization and depreciation stemming from those past acquisitions amounted to $589,388 for Q3 2025. This figure is slightly lower than the $636,782 recorded for the same period in 2024.

Here's a quick look at the key expense metrics we can pull directly from the Q3 2025 results:

Cost/Expense Category	Latest Reported Amount	Period
Total Operating Expenses	$14,500,000	Q3 2025
Amortization and Depreciation	$589,388	Q3 2025
Noncash Expenses (Total)	$127,365	Q3 2025
Interest Expense (Year-to-Date Implied)	$627,954	Q3 2025 (Year-to-Date Interest)

The investment into new growth areas, like Always Alpha and Affiliate Marketing, is currently a cost driver that management expects to ease. These investments are acknowledged as 'depressing' operating income in the near term, with the investment phase expected to significantly reduce in 2026. While specific dollar amounts for these investments aren't isolated from the total operating expenses, the strategic nature means they represent a material, ongoing cash outlay.

Debt servicing is another fixed cost you need to track. Dolphin Entertainment, Inc. has a commercial bank loan where the principal and interest payments currently run approximately $2.2 million annually. This specific annual cash outflow is scheduled to cease when the loan is paid off, principal and interest, on September 29, 2028, which management projects will free up 'well north of $2 million of cash a year.'

Salaries and compensation for specialized agency talent and executives are embedded within the overall operating expenses, which totaled $14.5 million for the quarter. The company's structure relies on talent across its seven marketing companies, including those in the Tastemakers division, but a precise, isolated figure for executive and specialized talent salaries for Q3 2025 isn't broken out in the public filings provided. The cost structure is clearly weighted toward personnel and operational overhead, which they are actively working to reduce via lease expirations scheduled through 2027.

You should keep an eye on these key cost elements:

• Salaries and compensation for specialized agency talent and executives (part of OpEx).
• $14.5 million in Operating expenses for Q3 2025.
• $589,388 in Amortization and depreciation for Q3 2025.
• Ongoing investment costs in Always Alpha and Affiliate Marketing, expected to taper in 2026.
• Annual debt service of approximately $2.2 million until September 2028.

Finance: draft 13-week cash view by Friday.

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Revenue Streams

You're looking at the hard numbers for how Dolphin Entertainment, Inc. brings in cash as of late 2025. It's all about the services and the content they push out.

The biggest earner, by a mile, is the Entertainment Publicity and Marketing (EPM) segment. This is where the core agency work happens, like PR and marketing consulting for big names in entertainment. For the third quarter ending September 30, 2025, the fees from EPM services hit $14,796,309. That quarter's total revenue was reported as $14.8 million, which tells you EPM is doing the heavy lifting.

When you look at the bigger picture for the year so far, the total revenue for the first nine months of 2025 reached $41.1 million. That's a solid number, especially considering the prior year had that big one-off from The Blue Angels in Q1 2024.

Here's a quick breakdown of the revenue sources we can pin down from the nine-month results:

• Fees from Entertainment Publicity and Marketing (EPM) services (Q3 2025 revenue: $14.8 million)
• Sales of distribution rights for Content Production (CPD) projects
• Affiliate marketing commissions from The Digital Dept.
• Revenue from Dolphin Ventures' portfolio companies and IP monetization
• Total revenue for the first nine months of 2025 was $41.1 million

The Content Production (CPD) side, which handles film and digital content, contributed a smaller, but still present, amount to the top line for the nine-month period.

To give you a clearer view of the segment contribution for the first nine months of 2025, check out this table:

Revenue Stream Category	Nine Months Ended September 30, 2025 Revenue (USD)
Entertainment Publicity and Marketing (EPM)	$40,961,516
Content Production (CPD)	$92,033
Total Reported Revenue (All Segments)	$41.1 million

The affiliate marketing commissions from The Digital Dept. and any monetization from Dolphin Ventures aren't broken out separately in the headline figures, but they are definitely part of the overall revenue mix, feeding into that $41.1 million total. If onboarding takes 14+ days, churn risk rises, but here, the organic growth in EPM is definitely the key driver right now.

Finance: draft 13-week cash view by Friday.