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Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. The company provides a social media platform, creates animated characters, interactive charts, videos, blogs, and games. It has three main business segments: Animation, Original Content, and Social & Technology. The majority of its revenue comes from the Animation segment.
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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 WTS (GROMW)?
The current stock price of GROM SOCIAL ENTERPRS WTS (GROMW) is $0.0005 as of October 15, 2024.
What does Grom Social Enterprises Inc do?
Grom is a social media, technology, and entertainment company for kids that focuses on producing original content, including animated characters, interactive charts, videos, blogs, and games.
What are the three main business segments of Grom Social Enterprises Inc?
The company has three reportable segments: Animation, Original Content, and Social & Technology, with the Animation segment contributing the majority of its revenue.
What is the focus of Grom's Original Content segment?
The Original Content segment includes creating and delivering original entertainment content for children under 13 through mobile and desktop environments, teaching them about digital citizenship.
How does Grom aim to expand its portfolio of entertainment offerings?
Grom looks to advance its entertainment offerings by acquiring Arctic7, a move that will introduce the company to the gaming industry and explore synergies amidst its suite of offerings catering to today's families.
What are some upcoming projects from Grom's Curiosity Ink Media division?
Curiosity Ink Media plans to debut two co-productions next year, a feature film titled Santa.com and an original preschool series named Hey Fuzzy Yellow!, both set for international distribution.
How does Top Draw Animation contribute to Grom's offerings?
Top Draw Animation, acquired by Grom in 2016, produces award-winning animation content for international media companies, showcasing Grom's commitment to quality entertainment for kids.
What are the benefits of partnering with Top Draw Animation in the Philippines?
Grom's Manila-based animation studio, Top Draw Animation, offers premium production pipelines and benefits from generous tax incentives, providing cost-effective solutions for partners.
Who leads Top Draw Animation and Grom's entertainment division?
Top Draw Animation is led by President Russell Hicks and EVP Jared Wolfson, who bring industry experience to the studio, enhancing Grom's global presence in the entertainment sector.
What is the focus of Grom's Educational Services division?
Grom Educational Services offers web filtering for schools nationwide, part of Grom's commitment to providing a safe social media app for kids.
Who is the new COO of Top Draw Animation and how is he contributing to the company?
Cyrus Mistry, the newly-installed COO, brings award-winning expertise to Top Draw Animation, showcasing preferred partnerships, tax incentives, and a dedicated team for exceptional client experiences.
GROM SOCIAL ENTERPRS WTS
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