Hall of Fame Resort & Entertainment Company Signs Partnership with Dolphin Entertainment
March 23 2021 - 04:55PM
Business Wire
Company will begin offering Non-Fungible
Tokens (NFTs) to maximize value of original media content
Hall of Fame Resort & Entertainment Company (“HOFV” or the
“Company”) (NASDAQ: HOFV, HOFVW), the only resort, entertainment
and media company centered around the power of professional
football, today announced it has signed a partnership with Dolphin
Entertainment, Inc. (NASDAQ: DLPN), a leading independent
entertainment marketing and premium content development firm, to
offer non-fungible tokens (“NFTs”) that will allow fans of
professional football and sports entertainment to buy and sell
exclusive content developed by HOFV and its partners. The
partnership provides the Company with another way to generate
revenue from its burgeoning media division.
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“We are thrilled to be partnering with Dolphin, an emerging
thought leader in the NFT market, to accelerate our entry into the
space,” said Michael Crawford, President and CEO of HOFV. “The
significant progress we have made on our strategic initiatives
since going public in July 2020 has allowed us to be in a position
where we can offer individuals the opportunity to own NFTs
associated with original content centered on professional football.
This partnership will provide us with another opportunity to unlock
additional value from the one-of-a-kind media projects we have in
development.”
HOFV’s entry into the NFT space is a reflection of the
overwhelming demand for this relatively new form of purchasing
digital art and media. HOFV expects that its first NFT offering
will be connected to its Heisman 2 Hall (“H2H”) platform, created
in partnership with Elite Team Holdings, LLC, which represents the
exclusive group of only 10 athletes that have won a Heisman Trophy
and been inducted into the Pro Football Hall of Fame.
Crawford continued, “Focusing on this space at a time when NFTs
are surging in popularity demonstrates our company’s ability to
leverage direct access to exclusive content and to a robust
pipeline of brand and intellectual partnerships.”
Bill O’Dowd, CEO of Dolphin, stated, “HOFV is a leader at the
crossroads of professional football and entertainment, which makes
them a perfect first partner for Dolphin's new NFT division.
Dolphin’s best-in-class entertainment marketing companies and
ability to design, produce, release and promote NFTs will deliver
tremendous value for this powerful partnership. We are thrilled to
collaborate with HOFV and their partners on creating and marketing
sought-after digital collectible NFTs for the vast sports
fanbase."
About Hall of Fame Resort & Entertainment Company
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV,
HOFVW) is a resort and entertainment company leveraging the power
and popularity of professional football and its legendary players
in partnership with the Pro Football Hall of Fame. Headquartered in
Canton, Ohio, the Hall of Fame Resort & Entertainment Company
is the owner of the Hall of Fame Village powered by Johnson
Controls, a multi-use sports, entertainment and media destination
centered around the Pro Football Hall of Fame's campus. Additional
information on the Company can be found at www.HOFREco.com.
About Dolphin Entertainment, Inc.
Dolphin Entertainment is a leading independent entertainment
marketing and premium content development company. Through our
subsidiaries 42West, The Door and Shore Fire Media, we provide
expert strategic marketing and publicity services to many of the
top brands, both individual and corporate, in the film, television,
music, gaming and hospitality industries. Viewpoint Creative and Be
Social complement their efforts with full-service creative branding
and production capabilities as well as social media and influencer
marketing services. Dolphin's legacy content production business,
founded by Emmy-nominated CEO Bill O'Dowd, has produced multiple
feature films and award-winning digital series.
Forward-Looking Statements
Certain statements made herein are “forward-looking statements”
within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words and phrases such
as “opportunity,” “future,” “will,” “goal,” and “look forward” and
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside the Company’s control, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements. Important
factors, among others, that may affect actual results or outcomes
include the inability to recognize the anticipated benefits of the
business combination; costs related to the business combination;
the inability to obtain or maintain the listing of the Company’s
shares on Nasdaq; the Company’s ability to manage growth; the
Company’s ability to execute its business plan and meet its
projections; potential litigation involving the Company; changes in
applicable laws or regulations; general economic and market
conditions impacting demand for the Company’s products and
services, and in particular economic and market conditions in the
resort and entertainment industry; the potential adverse effects of
the ongoing global coronavirus (COVID-19) pandemic on capital
markets, general economic conditions, unemployment and the
Company’s liquidity, operations and personnel, as well as those
risks and uncertainties discussed from time to time in our reports
and other public filings with the SEC. The Company does not
undertake any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210323006052/en/
Media/Investor Contacts: For Hall of Fame Resort &
Entertainment Company Media Inquiries: public.relations@hofreco.com
Investor Inquiries: investor.relations@hofreco.com
For Dolphin Entertainment, Inc. Investor Inquiries: James
Carbonara, james@haydenir.com
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