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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 is excited to announce that its graphic novel Thunderous, created by Curiosity Ink Media, will be featured at the 2022 Montana Book Festival in Missoula from September 15-18. This novel, which showcases a Native American teenager's journey into her heritage, was released in April and represents Curiosity's first original IP since joining Grom last summer. CEO Darren Marks expressed pride in the recognition Thunderous has received, highlighting the novel's cultural significance and its ability to entertain and enlighten.
Grom Social Enterprises, Inc. (NASDAQ: GROM) recently communicated with shareholders via a letter from CEO Darren Marks. The company emphasizes its undervalued market cap of $8.1 million, attributing stock performance challenges to macroeconomic factors. Notable developments include the acquisition of Curiosity Ink Media, enhancing Grom's presence in children’s entertainment. Grom plans to revamp its app for better safety and engagement for kids while continuing to provide web filtering solutions through Grom Educational Services. Key initiatives including new IPs aim to increase revenue streams.
Grom Social Enterprises (NASDAQ: GROM) announced the launch of an updated Digital Citizenship Licensing (DCL) course aimed at K-12 educators across the U.S.
The DCL program, part of Grom Educational Services, includes instructional videos and quizzes to promote internet safety compliance with the Children's Internet Safety Protection Act (CIPA).
Chairman Darren Marks emphasizes the importance of keeping children safe online, highlighting the company's commitment to educating both students and educators about digital citizenship.
Curiosity Ink Media announced the debut of The Legion of Forgettable Supervillains, an original graphic novel available in comic bookstores starting July 27, 2022, and at major booksellers from August 9, 2022. The narrative follows failed superheroes who find unexpected success as villains, and is published in collaboration with Dynamite Entertainment. This release aims to pave the way for further brand extensions, including films and merchandise. Grom Social Enterprises, Inc. sees this as a chance to capture the audience with relatable anti-heroes.
Grom Social Enterprises, Inc. (NASDAQ: GROM) announces a partnership with All Court Interactive LLC to enhance consumer engagement for Santa.com, a digital holiday hub. This collaboration aims to drive traffic, improve user experience, and offer a robust marketplace for holiday shopping. The redesigned site emphasizes stress-free holiday experiences with immersive content and curated gift ideas. The holiday retail market is projected to exceed $1 trillion this year, positioning Grom strongly in the expanding e-commerce sector.
Grom Social Enterprises (NASDAQ: GROM) announced a partnership with creator Dustin Ellis to develop an original animated feature, Heston of the Apes. The film follows a chimp raised in a lab who believes he is a space hero, only to crash-land in a safari theme park. Ellis will oversee writing and story development, with theatrical distribution planned. Curiosity Ink Media, led by Russell Hicks, aims to deliver unique family entertainment. Grom's content focuses on safe digital experiences for children, reinforced by its subsidiaries, including Top Draw Animation.
Top Draw Animation, a division of Grom Social Enterprises (NASDAQ: GROM), has secured an additional $528,000 in animation production assignments as announced by President Russell Hicks. The studio, a trusted name in animation production since 1999, produces content for leading global entertainment brands. With a workforce of over 400 artists, TDA has a rich history of creating over 2,000 half hours of TV animation. Under new leadership, it continues to bolster its output while maintaining high production standards.
Grom Social's subsidiary, Top Draw Animation, has secured an additional $950,000 in animation production assignments, enhancing its standing as a premium animation service provider. Under the leadership of Russell Hicks and Jared Wolfson, Top Draw aims to capitalize on the growing demand for animated content. The studio, which has a strong team of over 400 professionals, continues its trend of acquiring new business deals. Established over 20 years ago, Top Draw operates from Manila, supporting major international entertainment companies.
Grom Social Enterprises, through its Curiosity Ink Media subsidiary, has partnered with Cepia LLC to act as the licensing agent for the popular toy and entertainment franchise, Cats vs Pickles. This collaboration aims to expand the franchise's reach beyond toys, leveraging its established fanbase of over 600 collectible characters. Key developments include a forthcoming animated series and multiple publishing titles set for release in 2022 and 2023, fostering diverse licensing opportunities. A survey shows fans frequently engage with their collections, underscoring the brand’s lifestyle significance.
Curiosity Ink Media and Dynamite Entertainment have partnered with the United States Postal Service to launch a children's book series based on MR. ZIP, celebrating the 60th anniversary of the ZIP Code. Set to debut in Fall 2023, the series will include various book formats targeting preschool and middle-grade readers. MR. ZIP's role evolves to promote STEM education, offering games and educational tools. This collaboration aims to engage children through storytelling while reinforcing the cultural significance of ZIP Codes.
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