Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On July 14, 2020, Dolphin Entertainment, Inc. (the "Company") received a letter from the Nasdaq Stock Market ("Nasdaq") notifying the Company that it had regained compliance under Nasdaq Listing Rule 5250(c)(1). On July 9, 2020, the Company had received a letter from Nasdaq notifying them that it had violated Rule 5250(c)(1) because the Company had not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2020 (the "Quarterly Report") with the Securities and Exchange Commission (the "SEC"). As previously disclosed on June 30, 2020 on Form 12b-25, as amended, the Quarterly Report could not be filed by its June 29, 2020 deadline without unreasonable effort and expense because additional time was required by Company's management to prepare the calculations of fair value for certain derivative instruments and freestanding financial instruments.

In its initial letter, Nasdaq stated that the Company had until September 7, 2020 to submit a plan to regain compliance. If Nasdaq accepted the Company's plan, it could then grant an exception of up to 180 calendar days from the Quarterly Report's due date, or until January 5, 2021, to regain compliance. If Nasdaq did not accept the Company's plan, the Company would have had the opportunity to appeal that decision to a Nasdaq Hearings Panel and to request a further stay pending the appeal. Nasdaq's letter has had no immediate effect on the listing or trading of the Company's common stock on The Nasdaq Global Select Market.

On July 13, 2020, the Company filed the Quarterly Report with the SEC and subsequently received a close-out letter from Nasdaq on July 14, 2020, which alerted the Company that it had regained compliance under Rule 5250(c)(1).

A copy of the press release announcing the July 9, 2020 and July 14, 2020 Nasdaq notifications is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01

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