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GROM SOCIAL ENTERPRS WTS - GROMW STOCK NEWS

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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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Curiosity Ink Media announces enhanced interface for SANTA.COM, a technology-driven solution for holiday planning and shopping.
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Grom Social Enterprises, Inc. plans to begin production on its animated holiday movie, Santa.com, in September. The film, nominated for Best Animated Film and Biggest International Market Potential Screenplay in the Stuttgart International Festival of Animated Film, will be released in Fall 2025. Santa.com is a co-production between Grom Social Enterprises and Toon2Tango GmbH & Co. KG. The story takes place in a world where Santa's Workshop has undergone a technological revolution, and a young elf named Yoyo sets off on a mission to save Christmas.
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Grom Social Enterprises announces partnership opportunities at International Licensing Expo 2023
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Grom Social Enterprises (NASDAQ: GROM) announced a partnership with WEP, LLC to co-produce a feature film based on the classic animated series Denver, The Last Dinosaur. The film aims to engage a new generation by combining comedy and adventure while retaining the essence of the original series, which aired in the late 1980s. Curiosity Ink Media, a division of Grom, will also lead licensing efforts for a range of consumer products related to the franchise, targeting categories like toys, apparel, and home decor. This collaboration will be showcased at the Licensing Expo 2023, aiming to solidify Denver's consumer appeal.

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Grom Social Enterprises (NASDAQ: GROM) announces a licensing partnership with WEP, LLC for the animated series Denver, The Last Dinosaur. Curiosity Ink Media, Grom's storytelling division, will act as the exclusive licensing agent. The collaboration aims to leverage Denver's appeal across nearly 20 categories, including toys, games, and apparel. The partnership will debut at the upcoming Licensing Expo 2023, where representatives will meet potential licensees. Originally aired in 1988, Denver became a #1 rated show, distributed in 120 countries. The revitalization of this series aims to attract new fans through innovative products.

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Grom Social Enterprises (NASDAQ: GROM) announced the appointment of Savannah Brentnall as General Manager of Santa.com, a virtual holiday platform aimed at enhancing the Christmas experience. Brentnall brings extensive marketing expertise, having led significant campaigns for various brands including Hallmark Channel. Her role will encompass all operations related to e-commerce, audience engagement, and revenue generation for Santa.com. The platform features curated content and a storefront designed to alleviate holiday stress. This strategic move is expected to strengthen Grom's commitment to growing Santa.com and its overall market presence.

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Grom Social Enterprises (NASDAQ: GROM) announced that its subsidiary Top Draw Animation will provide animation services for the second season of the popular Emirati kids' show Mansour, produced by Bidaya Media. The collaboration aims to enhance the series with high-quality animation through a team of 400 professionals. Russell Hicks, President of Top Draw, expressed excitement over the project, emphasizing its growth potential. The show features tech-savvy Mansour and his friends facing challenges posed by a mischievous AI called Blink. This partnership signifies continued success for Top Draw and Grom's commitment to quality children’s content.

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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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