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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 has announced the launch of The Legion of Forgettable Supervillains, a new graphic novel franchise developed by Curiosity Ink Media in partnership with Dynamite Entertainment. Set to release in 2022, the story revolves around a group of unsuccessful superheroes who achieve fame as villains. This franchise aims to expand into media adaptations, merchandise, and future brand opportunities. The collaboration with Dynamite is expected to bring innovative storytelling to audiences, tapping into the rising trend of anti-hero narratives in pop culture.
Grom Social Enterprises (NASDAQ: GROM) has announced the development of a new animated musical series, Aloha Hoku, targeting preschoolers. Created by YouTube star Honoka Katayama, this series features Hoku, a Hawaiian girl who embarks on magical adventures. Curiosity Ink Media, part of Grom Social, aims to enrich children's experiences through authentic storytelling and cultural representation. The series encourages problem-solving through songs, with Hoku using her magical ukulele. This initiative reflects Grom's growing focus on original family entertainment.
Grom Social Enterprises (NASDAQ: GROM) announces the development of a new animated preschool series, Aloha Hoku, featuring YouTube star Honoka Katayama. This series showcases Hoku, a Hawaiian girl embarking on adventures with her magical ukulele. With episodes combining live-action and animation, the series promotes positive messaging and Hawaiian culture. Curiosity Ink Media, Grom's storytelling division, aims to expand its portfolio with this project, alongside other ventures like Baldwin's Big Adventure and Cats vs. Pickles.
Curiosity Ink Media, a division of Grom Social Enterprises (NASDAQ: GROM), has launched new daily content on Santa.com to celebrate Christmas. The site features a virtual North Pole, an interactive 'Countdown to Christmas' calendar, and short animations introducing characters for an upcoming animated holiday special. Hollywood screenwriter Jamie Nash will pen the film's story, promising a fresh take on classic Christmas tales, including themes of technology and the true spirit of Christmas. The project is developed in collaboration with Germany's Toon2Tango.
Grom Social Enterprises' subsidiary, Top Draw Animation (TDA), has secured an additional $1.0 million in animation production work, enhancing its services for global entertainment brands. Under the leadership of Russell Hicks and Jared Wolfson, TDA's commissioned projects are already in progress at its Manila studio. Established in 1999, TDA boasts a robust portfolio, having produced over 2,000 hours of animated content. TDA's work aligns with Grom's offerings, which include safe children's social media and original family entertainment through Curiosity Ink Media.
Grom Social Enterprises (NASDAQ: GROM) has launched Santa.com, a digital holiday hub aimed at providing festive content and reducing holiday stress. The platform includes entertaining articles, recipes, and tips for families. However, due to global supply-chain issues, the full e-commerce functionality will be delayed until 2022. CEO Jared Wolfson emphasized the site's role in enhancing holiday joy, while the site also features immersive content for children starting December 6. Grom continues to focus on family-friendly entertainment through its subsidiary, Curiosity Ink Media.
Grom Social Enterprises, Inc. (NASDAQ: GROM) announced the launch of new in-app safety features for its Grom Social app, designed for kids under 13. These features enhance parental control over personal identifiable information (PII) and activity monitoring. Previously available only in a companion app, the new controls allow parents to manage their child's settings, friend requests, and posts directly within the app. The platform, operating since 2012, is COPPA compliant and requires a one-time fee for identity verification, ensuring a secure environment for children to interact online.
Grom Social Enterprises (NASDAQ:GROM) has announced an increase in its private placement of convertible notes and warrants. Originally set at $1.5 million, the second investment from L1 Capital will now reach up to $6 million, totaling gross proceeds of $10.4 million. The funds will be used for joint ventures, acquisitions, and general corporate purposes, pending shareholder approval. The company aims to enhance its family-friendly social media platform for children under 13, improving engagement and expanding its entertainment offerings.
Grom Social Enterprises (NASDAQ: GROM) announced that its subsidiary, Top Draw Animation, has begun production on about $1.0 million in new projects in Manila. This includes two animated TV series aimed at boosting the studio's output. The leadership team, including newly appointed President Russell Hicks, emphasizes the growing demand for animated content. With over 400 artists in a 37,000 sq. ft. facility, Top Draw has produced over 2,000 half hours of animation. The studio is also ensuring safety protocols for Covid-19 as it welcomes back personnel.
Grom Social Enterprises (NASDAQ: GROM) announced that its subsidiary, Curiosity Ink Media, is developing a new original franchise called The Pirate Princess. Slated for a Fall 2022 debut as a graphic novel, it aims for global distribution and will expand into films and consumer products. The project is led by Chief Content Officer Russell Hicks, who emphasized its emotional connection and timeless moral messages. The company continues to expand its portfolio, with ongoing projects like Baldwin's Big Adventure and collaborations with publishers, enhancing its position in family entertainment.
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