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Canton,
OH – March 2021 / Newsmaker Alert / 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, announces 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.
“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.
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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. For more information visit www.DolphinEntertainment.com.
For
Dolphin Entertainment, Inc.
Investor
Inquiries:
Hayden
IR
James
Carbonara
646-755-7412
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. |