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GROM SOCIAL ENTERPRS INC - GROM STOCK NEWS

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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) introduced ASK SANTA, a 24/7 AI-driven virtual chat experience allowing children to converse with Santa Claus via Santa.com. This initiative provides a convenient alternative to traditional mall visits, enhancing children's holiday experiences while ensuring safety. The service can be accessed through mobile or desktop devices, and is designed for kids of all ages, available until Christmas Eve. Darren Marks, CEO, emphasized the desire to recreate the magic of traditional holiday interactions.

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Grom Social Enterprises, Inc. (NASDAQ: GROM) announced the upcoming release of PAWsome PUPpets!, an activity book based on the popular PAW Patrol® franchise, set to hit bookshelves in January 2023. The 48-page softcover book allows preschoolers to create PAW Patrol® puppets with accessible materials, featuring punch-outs and templates. This initiative is part of Grom's partnership with Dynamite Entertainment, aiming to enhance children's entertainment. CEO Darren Marks expressed optimism about the book's market potential, building on the franchise's global appeal.

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Grom Educational Services has announced a partnership with Radix to provide Radix TeacherView, an innovative classroom management solution, alongside its NetSpective web filtering tool. This collaboration aims to enhance online safety and education for schools by offering educators a comprehensive digital management platform that facilitates remote and hybrid learning. Key features of TeacherView include real-time screen monitoring, collaborative tools, and video conferencing capabilities. This initiative aligns with Grom's mission to support effective classroom solutions.

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Grom Social Enterprises (NASDAQ: GROM) announced the launch of Santa.com, an immersive e-commerce platform designed to help families prepare for the holidays. This innovative site features curated gift lists, interactive games, and useful planning guides, aiming to ease holiday stress. With e-commerce expected to grow 12.8% to 14.3% this season, Santa.com positions Grom to capitalize on this expanding market. CEO Darren Marks emphasizes the site's unique blend of shopping and premium content, designed for both kids and adults.

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Grom Social Enterprises (NASDAQ: GROM) announced that its subsidiary, Top Draw Animation, has secured $615K in new animation assignments, set to boost production output starting Q4. With over 20 years of experience, Top Draw has established a global reputation for premium animation services. The studio is under the leadership of new executives, Russell Hicks and Jared Wolfson, who aim to maintain Top Draw's status as a world-class animation provider. Grom continues to enhance its offerings in children's entertainment and digital safe spaces.

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Grom Social Enterprises, Inc. (NASDAQ: GROM) announces the hiring of best-selling authors Chelsea and Matt Giegerich to develop the storyline for The Pirate Princess, an animated feature film. The film tells the coming-of-age story of Zasha, a girl raised by pirates who discovers her royal heritage. The Giegerichs bring extensive experience in family entertainment, with recent projects including a film with Jamie Foxx and a partnership with Sony Pictures. This venture reflects Grom's commitment to producing engaging family content.

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Grom Social Enterprises (NASDAQ: GROM) has announced that acclaimed children's TV writer McPaul Smith will develop its new animated preschool series Baldwin, which premieres on October 1. This series, based on Grom's existing intellectual property, follows a young train on a quest to reunite with his father. Smith's extensive background includes roles on shows such as Backyardigans and Carmen Sandiego. The series is part of Grom's strategy to enhance its Curiosity Ink Media brand and expand its portfolio in kids' programming.

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Grom Social Enterprises, Inc. (NASDAQ: GROM) announced its collaboration with Dynamite Entertainment for a new book franchise, The Adventures of Herbert Henry. The first title, Santa’s Secret Society, debuts on October 25, 2022, aiming to engage young readers during Christmas. The story follows Herbert, who journeys to the North Pole to save Christmas for his family amid challenges. This new venture showcases Curiosity Ink Media's focus on original IP and aims to expand into potential brand extensions, including feature films and consumer products.

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Grom Social Enterprises (NASDAQ: GROM) has announced the upcoming release of a new children’s book titled Baldwin’s Big Adventure, set for October 18. Developed by Curiosity Ink Media, the project is led by former Nickelodeon executive Russell Hicks and features a story about Baldwin, a young switcher train on a quest to reunite with his father. The book will complement a recurring animated series in development with Toon2Tango GmbH. The initiative aims to engage preschool audiences, leveraging Hicks' successful background in creating beloved children's characters.

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Grom Social Enterprises, Inc. (NASDAQ: GROM) announced that its subsidiary Top Draw Animation has secured an additional $1.3 million in animation assignments, set to enhance its production capabilities. This expansion reflects the studio's longstanding reputation for premium animation services over more than 20 years. Production is scheduled to begin in late Q3 2022. The recent leadership changes at Top Draw, with experienced industry professionals at the helm, aim to further solidify its position in the competitive animation market.

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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

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1.23M
9.02M
0.02%
4.41%
1.31%
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