Dolphin Digital Media, Inc. (OTCMKTS:DPDM) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01Completion of Acquisition or Disposition of Assets.
the closing of its acquisition of 42West, LLC (42West) on March
30, 2017, on the terms and subject to the conditions set forth in
the Membership Interest Purchase Agreement dated March 30, 2017
by and among the Company and Leslee Dart, Amanda Lundberg, Allan
Mayer and the Beatrice B. Trust (the 42West Acquisition).
2017, to include 42Wests audited financial statements as of, and
for the years ended, December 31, 2016 and 2015 and the unaudited
pro forma combined financial information related to the 42West
Acquisition required by Items 9.01(a) and 9.01(b) of Form 8-K.
years ended, December 31, 2016 and 2015, as well as the
accompanying notes thereto and the related Independent Auditors
Report, are filed as Exhibit 99.1 attached hereto and are
incorporated herein by reference.
effect to the 42West Acquisition is filed as Exhibit 99.2
attached hereto and is incorporated herein by reference.
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Exhibit 99.1
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42West LLCs Audited Financial Statements as of, and for
the Years Ended, December 31, 2016 and 2015. |
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Exhibit 99.2
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Dolphin Digital Media, Inc. Unaudited Pro Forma Combined
Financial Information of Dolphin Digital Media, Inc. and 42West, LLC as of, and for the Year Ended, December 31, 2016. |
About Dolphin Digital Media, Inc. (OTCMKTS:DPDM)
Dolphin Digital Media, Inc. (Dolphin) is engaged in the production and distribution of online digital content. The Company’s Dolphin Digital Studios division is a producer of original, high quality digital programming for online consumption. The Company’s segments include Dolphin Digital Media (USA) and Dolphin Digital Studios. The Company creates online kids clubs. Dolphin Digital Studios creates original programming that premieres online, with an initial focus on content geared toward tweens and teens. It also provides production services to a related party. The Company’s digital productions for advertiser supported video-on-demand (AVOD) platforms have premiered on online platforms, such as Hulu. Distribution agreements with online platforms are for approximately six months. Through its online kids clubs, the Company seeks to partner with various organizations to provide an online destination for entertainment and information for kids.
