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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) announces the return of Santa.com this fall, enhancing its presence in the booming e-commerce sector. Following last year's delays due to supply chain issues, the site offers a comprehensive digital holiday experience, capitalizing on an expected $1 trillion holiday retail market. With features for gift-giving and family activities, Santa.com aims to engage families while the company partners with Dynamite Entertainment to launch four holiday books and an animated musical film. Consumer holiday spending is projected to increase significantly this year.
Grom Social Enterprises (NASDAQ: GROM) has partnered with Afterglow Pictures to enhance the development and distribution of its animated properties through its division, Curiosity Ink Media. Chief Content Officer Russell Hicks emphasized Afterglow's expertise in project execution and industry connections, which will aid in streamlining the creative process. Curiosity Ink Media focuses on creating valuable and engaging content for children and families, leveraging its range of entertainment properties acquired since Grom's majority stake acquisition in 2021.
Grom Social Enterprises announced that its division, Curiosity Ink Media, has partnered with Afterglow Pictures for the development and distribution of original animated features. Afterglow Pictures, led by experienced producer Michael Samaciccia, aims to leverage its extensive industry network to enhance Curiosity's storytelling initiatives. This collaboration is expected to streamline content creation for various platforms, aiming to meet the increasing demand for kids and family entertainment. Curiosity's strategy focuses on obtaining commercial potential through premium entertainment properties.
Grom Social Enterprises (NASDAQ: GROM) announced that its subsidiary, Top Draw Animation, secured approximately $1,500,000 in new animation production contracts. This news, reported by Top Draw’s President Russell Hicks, follows earlier announcements of additional assignments this year. Top Draw has over 400 animation professionals, building on its reputation for premium production services over 20 years. This acquisition enhances Grom's offerings, including a safe social media platform for kids and web filtering services for educational institutions.
Grom Social Enterprises announced that its subsidiary, Curiosity Ink Media, will launch the graphic novel Thunderous on April 26, 2022. This debut story, centered on a Native American teenager's journey, aims to foster appreciation for rich cultural heritage and marks the start of a franchise with potential for a TV series and other brand extensions. In collaboration with Dynamite Entertainment, the novel celebrates diversity in storytelling and coincides with Independent Book Store Day on April 30. The initiative reinforces Grom's commitment to children's entertainment and literacy.
Grom Social Enterprises (NASDAQ: GROM) has announced the hiring of Richard Manville Studio to enhance the design of its holiday platform, Santa.com. This initiative aims to create a digital North Pole experience with curated gifts, decor, and interactive content for children. Manville brings extensive branding experience from major companies like Mattel and Warner Bros., guiding the user experience (UX) for Santa.com and other Grom ventures. This collaboration emphasizes Grom's commitment to providing a secure, engaging environment for children under 13.
Grom Social Enterprises (NASDAQ: GROM) has engaged Melanie Bartlett, a veteran marketing executive, to enhance its marketing strategy for Santa.com and Grom Social, the company’s flagship app for kids. Bartlett, known for her expertise in marketing animated properties, will lead efforts in e-commerce content for Santa.com, which aims to simplify holiday experiences for families. Her past roles include Senior VP at Blue Sky Studios and VP of International Marketing at 20th Century Fox. This strategic move is expected to bolster Grom’s presence in the children's digital entertainment market.
Grom Social Enterprises, Inc. (NASDAQ: GROM) announced its subsidiary, Top-Draw Animation (TDA), signed a contract with an international programming supplier, expected to generate an additional $950,000 in revenue. This deal strengthens TDA's production capabilities in Manila, known for delivering quality animated content for over 20 years. Top Draw aims to enhance its animation offerings as they seek to engage viewers effectively. The company continues to focus on providing safe digital environments for children through its various subsidiaries.
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