Dolphin Entertainment, Inc. (NASDAQ: DLPN), a publicly-traded independent producer of premium feature films and digital content, and parent company of 42West, one of the largest public relations and marketing services firms in the entertainment industry, announced today the closing of its previously announced underwritten public offering of 2,000,000 shares of common stock with a public offering price of $3.00 per share.

Gross proceeds, before underwriting discounts and commissions and estimated offering costs, were approximately $6,000,000. Dolphin Entertainment intends to use the net proceeds for general corporate purposes including working capital. The Company has granted the underwriter an over-allotment option to purchase up to 300,000 additional shares of its common stock.

Maxim Group LLC acted as sole book-running manager for the offering.

About Dolphin Entertainment, Inc. Dolphin Entertainment is a leading independent entertainment marketing and premium content development company. Through our subsidiaries 42West and The Door, we provide expert strategic marketing and publicity services to many of the top brands, both individual and corporate, in the entertainment and hospitality industries. The Door and 42West are both recognized global leaders in PR services for their respective industries and, in December 2017, the New York Observer listed them, respectively, as the third and fourth most powerful PR firms of any kind in the United States.