Dolphin Entertainment, Inc. Reports Impairment of Goodwill for the Second Quarter Ended June 30, 2023
August 14, 2023 at 04:01 pm EDT
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Dolphin Entertainment, Inc. reported impairment of goodwill for the second quarter ended June 30, 2023. For the quarter, the company reported impairment of goodwill $6,517,400.
Dolphin Entertainment, Inc. is an independent entertainment marketing and production company. Through its subsidiaries, 42West LLC (42West), The Door Marketing Group LLC (The Door), and Shore Fire Media, Ltd (Shore Fire Media), the Company offers marketing and publicity services to various brands in the film, television, music, gaming, and hospitality industries. The Company operates through two segments: entertainment publicity and marketing and content production. The entertainment publicity and marketing segment provides clients with diversified services, including public relations, entertainment content marketing, strategic communications, social media and influencer marketing, celebrity booking, creative branding, and the production of promotional video content. The content production segment consists of Dolphin Films, Inc. (Dolphin Films) and a department within Dolphin, which develops, produces, and distributes feature films, television and digital content.