Curiosity Ink Media Revolutionizes The Most Wonderful Time Of The Year With The Debut Of Santa.com

Rhea-AI Summary

Grom Social Enterprises, Inc. (OTCQB: GRMM) announced a binding letter of intent to acquire Curiosity Ink Media. Curiosity will launch Santa.com in Q4 2021, a unique online platform designed for holiday gifting, targeting the growing $1 trillion holiday retail market. The platform aims to enhance the holiday experience for children and simplify gift purchasing for parents. Curiosity also announced plans for an animated holiday special inspired by classic festive tales.

Positive

• Acquisition of Curiosity Ink Media could strengthen GRMM's content offerings.
• Launch of Santa.com targets a projected $1 trillion holiday retail market.
• Santa.com provides unique digital experiences for children, potentially increasing user engagement.

Negative

• None.

BOCA RATON, Fla., May 6, 2021 /PRNewswire/ -- Grom Social Enterprises, Inc. (OTCQB: GRMM), which recently entered into a binding letter of intent to acquire Curiosity Ink Media, today announced that Curiosity will debut Santa.com – an  online hub where kids and adults can experience classic holiday joy in a one-stop, modern digital holiday venue – in Q4, 2021. The online holiday hub represents an opportunity to tap into the growing holiday retail market, projected to top $1 trillion this year, including a 11.3% climb in ecommerce to over $206B in sales.* The announcement was made by Russell Hicks, Chief Creative Officer, Curiosity Ink Media.

The holidays will become even more magical, thanks to the first-ever, one-stop source for idea-to-under-the-tree gifting.

For kids, Santa.com will offer a special place to register their wish lists, take a tour of the North Pole and schedule a virtual visit with Santa. The site deepens the holiday experience through special holiday-themed  interactive games,  mobile content, and even access a "good-deeds" point tracker to ensure children remain on Santa's "Nice" list.  

Santa.com aims to de-stress the holidays for parents by offering them tools to discover, purchase and send personalized gifts that arrive wrapped, tagged and ready to give, all from the comfort of home. Curated catalogs will allow families to browse through a collection of gift ideas that promise to delight kids and other loved ones on their shopping lists. 

"The holidays will become even more magical, thanks to the first-ever, one-stop source for idea-to-under-the-tree gifting," said Hicks.  "Santa.com promises to take kids on a vibrant and immersive journey to all of the captivating aspects of the holiday season, from online visits with Santa to creating their own, customized wish lists."  

Curiosity also announced that the company is in development to produce an original, animated musical holiday special, inspired by annual classics like "Rudolph The Red Nosed Reindeer" and "Elf."  The special will focus on Santa's efforts to modernize his North Pole workshop with the help of some technical upgrades.  

About Grom Social Enterprises, Inc.
Grom Social Enterprises, Inc. is a growing social media platform and original content provider of entertainment for children under 13 years of age, which provides safe and secure digital environments for kids that can be monitored by their parents or guardians. The Company has several operating subsidiaries, including Grom Social, which delivers its content through mobile and desktop environments (web portal and apps) that entertain children, let them interact with friends, access relevant news, and play proprietary games while teaching them about being good digital citizens. The Company owns and operates Top Draw Animation, which produces award-winning animation content for some of the largest international media companies in the world. Grom also includes Grom Educational Services, which has provided web filtering services for K-12 schools, government and private businesses. For more information, please visit gromsocial.com.

Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements." Those statements include statements regarding the intent, belief, or current expectations of Grom and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from those anticipated are discussed throughout the Company's reports filed with Securities and Exchange Commission which are available at www.sec.gov as well as the Company's web site at www.gromsocial.com. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

*Source: emarketer.com Holiday 2021 Preview

View original content to download multimedia:http://www.prnewswire.com/news-releases/curiosity-ink-media-revolutionizes-the-most-wonderful-time-of-the-year-with-the-debut-of-santacom-301285452.html

SOURCE Grom Social Enterprises, Inc.

FAQ

What is Santa.com and when will it launch?

Santa.com is an online hub launching in Q4 2021, focused on holiday gifting for kids and adults.

How does Santa.com plan to enhance the holiday experience?

Santa.com will offer features like wish list registration, virtual visits with Santa, and personalized gift purchasing.

What market opportunity does Santa.com target?

Santa.com aims to tap into the growing holiday retail market projected to exceed $1 trillion in 2021.

What is the significance of Grom's acquisition of Curiosity Ink Media?

The acquisition could enhance Grom's content portfolio and expand its market reach in children's entertainment.

What other projects are in development at Curiosity Ink Media?

Curiosity is also developing an original animated holiday special inspired by classic tales like 'Rudolph' and 'Elf.'