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Grom Social Enterprises Inc (NASDAQ: GROM) is a dynamic social media, technology, and entertainment company dedicated to producing original content for children under 13. The company's mission is to provide safe, secure, and engaging digital environments for kids, where they can interact, learn, and be entertained under the watchful eyes of their parents or guardians.
Founded in 2012 by the Marks Family, Grom Social started as a website offering a secure social media platform for kids. Today, it has evolved into a comprehensive mobile app that features animated characters, interactive charts, videos, blogs, and games. Grom Social Enterprises operates through three primary business segments:
- Animation: This segment includes Top Draw Animation (TDA), an award-winning studio based in Manila, Philippines. TDA produces high-quality animation content for global media companies and is known for its cost-effective production reinforced by government tax incentives.
- Original Content: Curiosity Ink Media (CIM) falls under this category, a global media company that develops, acquires, and maximizes the commercial potential of kids' and family entertainment properties. CIM's portfolio includes upcoming productions like the feature film Santa.com and the preschool series Hey Fuzzy Yellow!.
- Social & Technology: This segment encompasses Grom Social (GSOC) and Grom Educational Services (GEDU). GSOC focuses on delivering a safe social media experience for kids, complete with augmented reality features and stringent safety protocols. GEDU offers web filtering solutions for K-12 schools, government, and private businesses through its NetSpective web filter.
In recent news, Grom Social has updated its app to feature enhanced safety measures, including a new parent-child video verification process and advanced AR technology. The company also announced its intent to acquire Arctic7, a gaming and virtual production company, aiming to expand its entertainment offerings and delve into the lucrative gaming market.
Led by CEO Darren Marks and President Paul Ward, Grom Social continues to innovate and grow, making significant strides in creating a safer digital world for kids. The company is committed to educating children about digital citizenship while offering a fun and engaging online experience.
For more information, visit Grom Social or for investor relations, please visit Grom Investors.
Grom Social Enterprises, Inc. (NASDAQ: GROM) has released an updated version of its Grom Social Media App, designed exclusively for children under 13. The app offers enhanced safety features, parental controls, and COPPA compliance. Key features include:
- 3D avatars (Gromatars) with customization options
- Video recording and in-app editing functions
- Kid-only social forum
- Parental monitoring tools
- Time limit settings
- Nightly shutdown of app wall feed
The app is currently available on iOS, with an Android version coming soon. Grom aims to provide a safe social media experience for children while preparing them for responsible online citizenship.
Grom Social Enterprises, Inc. (NASDAQ: GROM) celebrated its original brand ambassador, Caroline Marks, as she won the gold medal in women's surfing for Team USA at the 2024 Paris Olympics. Caroline's experience with cyberbullying inspired the creation of Grom's safe social media platform for kids. The company announced the launch of a newly overhauled app with enhanced safety features in the Apple Store, with an Android version to follow.
Grom Social, founded in 2012, remains committed to providing a safe social media experience for children under 13. The company has expanded its offerings through a portfolio of services, including Top Draw Animation and Curiosity Ink Media. Grom Social Enterprises aims to deliver family-friendly entertainment, media, and technology solutions.
Top Draw Animation, a subsidiary of Grom Social Enterprises Inc. (NASDAQ: GROM), has secured new animation assignments worth over $1 million. This follows previously announced projects valued at $2.9 million in May 2024. Based in Manila since 1999, Top Draw Animation serves global clients with a team of 300+ animation professionals.
The company specializes in 2D animation production, offering premium Harmony and Flash production pipelines. Top Draw Animation has been part of Grom Social Enterprises since 2016 and has a reputation for high-quality animation services, serving both boutique content creators and global entertainment brands.
Arctic7, through its subsidiary Narwhal Studios, has announced its involvement in major 2024 film and TV projects. Narwhal Studios, known for its VFX work on Lucasfilm and Marvel productions, is working on David Ayer's TV series 'Lollipop' and Francis Ford Coppola's movie 'Megalopolis'. The series 'Lollipop' integrates gaming and professional sports, utilizing virtual set design and Unreal Engine 5, and is set to release in late 2024. 'Megalopolis', directed by Coppola, will debut in US theaters on September 27, 2024.
Arctic7 is also in the final stages of being acquired by Grom Social Enterprises (NASDAQ: GROM).
Grom Social Enterprises announced that its subsidiary, Top Draw Animation (TDA), will showcase its 2D animation production services at Annecy 2024 in France. Led by newly-appointed COO Cyrus Mistry, TDA aims to present its award-winning work and discuss tax incentives from the Philippines for productions based in its Manila studio. Celebrating its 25th anniversary, TDA recently secured its largest project to date worth $2.9 million. The company will also highlight its preferred partnership program, which aims to reduce costs, streamline teams, and expedite production timelines.
Grom Social Enterprises announced a redesigned Grom Social app for kids under 13, debuting this summer. The app will feature custom avatars, called 'Gromatars,' delivering Digital Citizenship License (DCL) courses. These courses teach kids responsible social media behavior and are part of Grom's educational offerings provided to schools nationwide. The app requires parental consent for children to create profiles using personalized assets. The DCL content helps schools comply with the Children’s Internet Safety Protection Act (CIPA) and includes instructional videos and quizzes. Grom Social also operates as a safe social media app for children, monitored by parents.
Grom Social Enterprises Inc. (NASDAQ: GROM) announced that its subsidiary, Top Draw Animation, secured over $2.9MM in new assignments, including the largest order in its history. The company's Manila-based studio is attracting international interest due to generous tax incentives, resulting in cost-effective premium animation production services.
Grom Social Enterprises, Inc. (NASDAQ: GROM) is progressing towards the definitive documents phase for the acquisition of Arctic7, Inc., a Texas-based gaming industry service provider. This move will expand Grom's entertainment offerings to include gaming development and virtual production services. The acquisition allows Grom to tap into the $180 billion gaming industry, with $20 billion dedicated to kids' gaming. Grom's Curiosity Ink Media division will soon release two new projects for international distribution, marking the company's foray into original film and TV content.
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