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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.
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Grom Social Enterprises, Inc. (NASDAQ: GROM) Strengthens Santa.com E-Commerce Platform with Holiday Planning Solutions, Offering Stress-Free Holiday Preparation Tips and Reminders
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Curiosity Ink Media, a subsidiary of Grom Social Enterprises, has partnered with Sweet Tooth Fairy and Denik to release exclusive branded gift options on Santa.com. The site offers home goods, journals, calendars, stationery items, candy, and baked goods. Denik will provide journals, calendars, planners, and notebooks, while Sweet Tooth Fairy will offer candies, cookies, and a cookie decorating kit. The collaboration aims to create a magical yuletide experience for families globally.
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Curiosity Ink Media, in partnership with Dynamite Entertainment, will release four publishing titles inspired by modern holiday magic with a contemporary twist. The titles, including Snow Boy, Baldwin’s Big Christmas Delivery, How the North Pole Works, and How the Gherkins Stole Christmas, will be available on October 18 and October 25 via Santa.com and other major online retailers. Curiosity Ink Media aims to build relationships between kids and families through engaging visuals, rich characters, and positive storytelling experiences.
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Grom Social Enterprises has entered into an advisory agreement with the Joint Commission on Interdenominational Relations (JCIR) to analyze and strengthen its social impact. The agreement aims to evaluate Grom's operations based on a biblically responsible investing (BRI) impact score. Grom's goal is to showcase its family-friendly content and safety measures for children on social and educational platforms, aligning with biblically responsible standards. The company is committed to specific corporate goals, including quality education, gender equality, and climate action. Grom believes that a favorable BRI impact score can increase the visibility and appeal of its products and services.
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Curiosity Ink Media announces expansion of Cats vs Pickles licensing program in partnership with Well Played Toys, introducing diverse and innovative products to the market. New product line to hit retail shelves by Q2 2024, expanding the Cats vs Pickles universe into new areas.
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Top Draw Animation, a division of Grom Social Enterprises Inc., is featured in a special program highlighting the impact of the creative industry on the Filipino economy and global audiences. The program provides insights into the creation and production of premium animation and the Philippines' emergence as a global animation leader. Top Draw Animation operates with over 300 professionals and produces for leading global entertainment providers. The recognition by CNN Philippines reinforces their commitment to animation production excellence and contribution to the country's economic health.
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Grom Social Enterprises, Inc. closes public offering, raising $3.0 million
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Grom Social Enterprises, Inc. announces pricing of public offering of units and pre-funded units
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Grom Social Enterprises, Inc. approves 1-for-20 reverse stock split to comply with Nasdaq's minimum bid price requirement.
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Top Draw Animation announces new assignments worth $1.259MM USD, adding to the $2.2MM value of existing projects. The company's Manila-based team oversees production on animated TV projects and short-form content for global entertainment providers.
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FAQ
What is the current stock price of GROM SOCIAL ENTERPRS (GROM)?
The current stock price of GROM SOCIAL ENTERPRS (GROM) is $0.0275 as of October 15, 2024.
What is the market cap of GROM SOCIAL ENTERPRS (GROM)?
The market cap of GROM SOCIAL ENTERPRS (GROM) is approximately 1.2M.
What does Grom Social Enterprises Inc. do?
Grom Social Enterprises Inc. provides a safe social media platform and original entertainment content for children under 13, along with educational services and animation production.
How does Grom Social ensure online safety for kids?
Grom Social incorporates advanced safety measures like parent-child video verification, COPPA compliance, and parent monitoring features to ensure a secure online environment for kids.
What are the main segments of Grom Social's business?
Grom Social operates through three main segments: Animation, Original Content, and Social & Technology. The Animation segment includes Top Draw Animation, the Original Content segment includes Curiosity Ink Media, and the Social & Technology segment includes Grom Social and Grom Educational Services.
What recent updates have been made to the Grom Social app?
The Grom Social app has been updated with new safety features, an advanced AR camera, and a 3D avatar asset library for kids to create personalized profiles.
Who founded Grom Social Enterprises Inc.?
Grom Social was founded by the Marks Family in 2012, led by then-11-year-old Zach Marks.
What is Top Draw Animation?
Top Draw Animation (TDA) is an award-winning animation studio based in Manila, Philippines, producing high-quality content for leading international media companies.
What is Curiosity Ink Media?
Curiosity Ink Media (CIM) is a global media company that develops, acquires, and maximizes the commercial potential of children’s and family entertainment properties.
What does Grom Educational Services offer?
Grom Educational Services provides web filtering solutions for K-12 schools, government, and private businesses through its NetSpective web filter.
What is Arctic7 and how is it related to Grom Social?
Arctic7 is a gaming and virtual production company that Grom Social intends to acquire, aiming to expand its entertainment offerings into the gaming industry.
How can I get more information about Grom Social Enterprises Inc.?
For more information, visit the company's website at https://gromsocial.com or for investor relations, visit https://investors.gromsocial.com.
GROM SOCIAL ENTERPRS INC
Nasdaq:GROM
GROM Rankings
GROM Stock Data
1.23M
9.02M
0.02%
4.41%
1.31%
Internet Content & Information
Services-computer Programming, Data Processing, Etc.
United States of America
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