2022 Annual Meeting of Shareholders (Audio) Click Here
Audio only available for 90 days.
Audio only available for 90 days.
Press Releases
- Posted on Tuesday September 12, 2023BOCA RATON, Fla., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) (the “Company”), today closed its previously announced underwritten public offering of 946,000 units (the “Units”) at a price to the public of $3.00 per Unit and 54,000 pre-funded units (the “Pre-Funded Units”) at a price to the public of $2.999 per Pre-Funded Unit for aggregate gross proceeds of approximately $3.0 million, prior to deducting underwriting discounts, commissions, and other estimated offering expenses. Each Unit consisted of one share of common stock, one Series A warrant to purchase one share of common stock and one Series B warrant to purchase one share of common stock (the Series A and Series B warrants together the “Warrants”). The Warrants have an exercise price of $3.00 per share, are exercisable immediately upon issuance, and will expire five (5) years following the date of issuance. Each Pre-Funded Unit consisted of one pre-funded warrant exercisable for one share of common stock (the “Pre-Funded Warrants”), one Series A Warrant and one Series B Warrant, identical to the Warrants in the Units. The purchase price of each Pre-Funded Unit is equal to the price per Unit being sold to the ...
- Posted on Friday September 08, 2023BOCA RATON, Fla., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) (the “Company”), today announced the pricing of a public offering of 946,000 units (the “Units”) at a price to the public of $3.00 per Unit and approximately 54,000 pre-funded units (the “Pre-Funded Units”) at a price to the public of $2.999 per Pre-Funded Unit. Each Unit consists of one share of common stock, one Series A warrant to purchase one share of common stock and one Series B warrant to purchase one share of common stock (the Series A and Series B warrants together the “Warrants”). The Warrants will have an exercise price of $3.00 per share, are exercisable immediately upon issuance, and will expire five (5) years following the date of issuance. Each Pre-Funded Unit consists of one pre-funded warrant exercisable for one share of common stock (the “Pre-Funded Warrants”), one Series A Warrant and one Series B Warrant, identical to the Warrants in the Unit. The purchase price of each Pre-Funded Unit is equal to the price per Unit being sold to the public in this offering, minus $0.001, and the exercise price of each Pre-Funded Warrant is $0.001 per ...
- Posted on Wednesday September 06, 2023BOCA RATON, Fla., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (the “Company”), a media, technology, and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that its Board of Directors has approved a 1-for-20 reverse stock split of its common shares (the “Reverse Split”) primarily to comply with Nasdaq’s minimum bid price requirement. The Reverse Split will be effective on September 7, 2023, and the Company’s common stock will trade on a post-split basis under the same symbol, GROM, commencing with the opening of trading on the Nasdaq Capital Market on September 7, 2023. Following the effectiveness of the Reverse Split, the CUSIP number for the Company’s common stock will be 39878L 506. As a result of the Reverse Split, every 20 shares of common stock issued and outstanding will be exchanged for one new share of common stock. No fractional shares will be issued to any holder, and instead of issuing such fractional shares, the Company will round up such fractional shares to the nearest whole share. Immediately after the Reverse Split becomes effective, the Company will have approximately 452,219 ...
- Posted on Tuesday August 29, 2023Adds to the Value of the Manila-Based Studio’s Production Assignments Already Underway of $2.2MM as of June 30, 2023BOCA RATON, Fla., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Top Draw Animation (TDA), a leading source of premium animation production services for programming shown throughout the world, and a division of Grom Social Enterprises Inc. (NASDAQ: GROM), today announced that it will begin work later this month on new assignments for a combined value of $1.259MM USD. The new projects add to the $2.2MM of value from remaining contracted assignments already in progress as of June 30, 2023. The values and assignments were confirmed today by Top Draw Animation’s Executive Vice President, Jared Wolfson. Top Draw’s team of 300 animation pros oversee all facets of production on the animated TV projects and short-form content. Based in Manila, Philippines, the company produces animated series, movies, specials and short-form programming for several leading global and international entertainment providers and was acquired by Grom Social Enterprises in 2016. The studio operates under the direction of the company’s two Hollywood-based leaders; President Russell Hicks, who earlier led Nickelodeon’s original animation and live action production; and the aforementioned Wolfson, both of whom assumed their ...
- Posted on Monday August 21, 2023Innovative Digital Platform Provides Solutions to Holiday Planning, Decorating, Cooking and Entertaining Content Features Highlighted By “Ask Santa,” DIY Craft Tutorials, Advent Calendars, Wish Lists and More BOCA RATON, Fla., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Curiosity Ink Media, a subsidiary of Grom Social Enterprises, Inc. (NASDAQ: GROM), announced today an enhanced interface for SANTA.COM, its dynamic holiday destination brimming with e-commerce and robust content for every member of the family. A high-utility resource, the site is a technology-driven solution for the busiest and most stressful time of the year, helping families globally create a magical yuletide experience. Under the direction of SANTA.COM’s recently-installed General Manager, Savannah Brentnall, the holiday hub brings a wide-range of tools. For adults, SANTA.COM features a robust, curated e-commerce marketplace where features, such as “The List” inform users about the most buzzed-about new products, styles and toys; “The Guides” offer curated gifting insights based on themes and consumer interests; and “The Ideas” suggest easy, holiday-inspired decorating and planning tips, as well as memory-making recipes for holiday treats. Additionally, family members have access to ...
- Posted on Thursday August 03, 2023
Feature Screenplay Recognized with Multiple Award Nominations During Prestigious Stuttgart International Festival of Animated FilmBOCA RATON, Fla., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family friendly programming, web filtering technology, and safe social media for kids, today announced that Curiosity Ink Media, the company’s original storytelling division, is planning to begin production on its animated holiday movie, Santa.com, beginning in September. The film, nominated for both Best Animated Film and Biggest International Market Potential Screenplay in the 2023 Stuttgart (Germany) International Festival of Animated Film, is being prepared for theatrical distribution in Fall 2025. The production commencement was confirmed by Curiosity Ink Media’s Chief Executive Officer, Jared Wolfson. “We are thrilled to unwrap production on this delightfully comedic, adventurous and heartfelt film,” explains Wolfson. “Santa.com has been a labor of holiday love for us. This production commencement marks the culmination of unwavering support from partners and industry peers, and opens up an exciting door through which we expect to welcome many more relationships en route to establishing and nurturing the next great holiday tradition franchise.” ...
- Posted on Wednesday August 02, 2023
Curiosity Ink Media Commences Production on Season One of Groundbreaking Preschool Series with Broad Brand Extension Opportunities – for Early 2025 ReleaseBOCA RATON, Fla., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today confirmed that Curiosity Ink Media, Grom’s original content generator and prolific storytelling division, has officially begun production on Hey Fuzzy Yellow!, a new animated preschool series slated to begin airing in several markets beginning in early 2025. The series, a co-production by Curiosity Ink Media, Toon2Tango, Treehouse Republic and Hotel Hungaria Animation, in partnership with the show’s creator, Måns Swanberg, serves as a launchpad for expansion into a franchise entertainment brand with multiple ancillary revenue opportunities typically associated with hit preschool programming. The production kick-off was announced today by Jared Wolfson, Curiosity Ink Media’s Chief Executive Officer. With a balanced combination of curriculum-driven content, comedic cast of characters, unconventional situational setups and fantastic music, Hey Fuzzy Yellow! has been successful in attracting production funding, strategic investment and a wide range of creative talent. With production underway on ...
- Posted on Monday June 26, 2023
BOCA RATON, Fla., June 26, 2023 (GLOBE NEWSWIRE) -- Curiosity Ink Media – Grom Social Enterprises, Inc.’s (NASDAQ: GROM) storytelling division, and its printed content partner, Dynamite Entertainment – the prolific publisher of graphic novels and other popular formats – today announced that the partnership will bring four new kids’ titles, each of which celebrates everyone’s favorite time of year, Christmas, that will be available through booksellers everywhere in time for Christmas, 2023. The titles represent three franchises from Curiosity’s original IP offerings, as well as one book based on Cepia, LLC’s hit toy and entertainment property, Cats vs Pickles. For Curiosity, the titles reflect the company’s commitment to serving the consumer demands of the holiday season, alongside www.Santa.com, a digital holiday hub for grownups and kids. The books, slated for fall, include: Baldwin’s Big Christmas Delivery – It's Christmas, one of the busiest times of the year in the train yard. With so many packages to deliver for the holidays, Baldwin must pitch in to make sure all the trains in the railyard are packed and ready to transport every present to good boys and girls. But when Baldwin discovers one pesky package has been ...
- Posted on Thursday May 18, 2023
Pursuing Strategic Relationships in Key Licensing CategoriesBOCA RATON, Fla., May 18, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom'' or the “Company”), a media, technology, and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that Curiosity Ink Media, the company’s prolific family-friendly entertainment creator and brand-builder, will unveil a full slate of partnership opportunities centered around both original new I.P. and classic properties during upcoming International Licensing Expo 2023. The company’s key offerings include: the emerging toy collectible and entertainment sensation, Cats vs Pickles; the classic and iconic animated hit series, Denver, the Last Dinosaur; and Curiosity’s original holiday franchise property, Santa.com, which is both a feature film, entering production this year, as well as a stand-alone digital interactive and e-commerce platform for kids and adults. The portfolio offerings were confirmed today by Curiosity Ink Media’s Chief Executive Officer, Jared Wolfson. “Curiosity Ink Media, in tandem with our great partners, is poised to make a big splash at Licensing Expo with a ripe and robust line-up of brands and properties,” states Wolfson. “With properties like Cats vs Pickles, Denver, the Last Dinosaur, and Santa.com, we ...
- Posted on Thursday April 27, 2023BOCA RATON, Fla., April 27, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that Curiosity Ink Media, the company’s original storytelling division, and international global production and distribution powerhouse, Toon2Tango GmbH & Co. KG (“Toon2Tango”), were nominated both for Best Animated Film and Biggest International Market Potential Screenplay for Santa.com in the just-wrapped 2023 Stuttgart (Germany) International Festival of Animated Film. The recognition for Santa.com – which begins production later this year – was celebrated jointly by Curiosity Ink Media’s Chief Executive Officer, Jared Wolfson, and Toon2Tango Chief Creative Officer, Jo Daris. The original screenplay for Santa.com was drafted by Jamie Nash, a versatile screenwriter whose biography includes work in many entertainment genres including family-friendly films (Santa Hunters and Tiny Christmas), horror films (Exists, V/H/S/2, Lovely Molly) and several screenwriting credits for television. He is also the bestselling author of Save The Cat!® Writes for TV, a step-by-step guide to television screenwriting. Widely considered to be among the most prestigious animated film industry gatherings in the world, the Stuttgart ...
- Posted on Tuesday April 25, 2023
Denver Family Film Stomps its way onto Curiosity’s Growing Movie SlateBOCA RATON, Fla., April 25, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that Curiosity Ink Media, the company’s prolific storytelling division, and WEP, LLC, will jointly co-develop and co-produce a feature film based on the iconic animated hit series, Denver, The Last Dinosaur. The announcement was made jointly by Curiosity Ink Media’s Chief Executive Officer, Jared Wolfson, and Bob Koplar, President of WEP, the rights holder to the property. The film’s storyline is inspired by the characters and plot lines from the hit 1980’s/90’s animated series, centering around a group of California kids who – upon discovering a prehistoric-looking egg which hatches into a real dinosaur – decide to name him Denver and teach him a thing or two about what they know best. Their adventures also focus on protecting Denver from an opportunistic and unscrupulous promotor, who hopes to exploit Denver’s novelty and rarity for personal financial gain. For more on Denver, please visit: denverthedinosaur.com “Denver, the ...
- Posted on Wednesday March 29, 2023
Curiosity to Spearhead Denver’s Licensing Expansion into All Product CategoriesBOCA RATON, Fla., March 29, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that Curiosity Ink Media, the company’s prolific storytelling division, has been named as the exclusive licensing agent for the iconic hit animated kids’ series, Denver, The Last Dinosaur from St. Louis-based, WEP, LLC. The announcement was made jointly today by Curiosity Ink Media’s Chief Executive Officer, Jared Wolfson, and Bob Koplar, President of WEP. The animated series centers around a group of California kids who – upon discovering a prehistoric-looking egg which hatches into a real dinosaur – decide to name him Denver and teach him a thing or two about what they know best, all while protecting him from an unscrupulous promoter who hopes to exploit Denver’s novelty and rarity. The partnership between WEP and Curiosity kicks off in June at Licensing Expo 2023, an industry gathering that brings thousands of attendees and brands ...
- Posted on Thursday March 16, 2023
Brentnall to Manage Day-to-Day Operations of Emerging E-commerce, Entertainment and Editorial Hub for Adults & KidsBOCA RATON, Fla., March 16, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises Inc. (NASDAQ: GROM) (“Grom” or the “Company”), and Curiosity Ink Media, its Hollywood-based original intellectual property (IP) division, today announced that veteran marketing professional Savannah Brentnall, has been named General Manager of Santa.com, the company’s virtual North Pole dedicated to easing Christmastime through helpful editorial content and its massive storefront where consumers shop for the holidays. The appointment of Ms. Brentnall was made jointly today by Grom Social Enterprises, Inc.’s Chief Executive Officer and Founder, Darren Marks, and Chief Executive Officer of Curiosity Ink Media, Jared Wolfson. In this newly created position, Ms. Brentnall will tap into her deep experience to lead all facets of e-commerce, editorial, revenue generation, audience cultivation and advertising/partner relations for Santa.com. Ms. Brentnall, a demonstrated marketing leader known for ground-breaking end-to-end marketing and growth campaigns for both business-to-business (B2B) and business-to-consumer (B2C), will also tap into her background in product marketing in the tech industry to help drive Santa.com forward in cultivating highly targeted audiences and driving attendant revenue opportunities. “Christmas came early this ...
- Posted on Wednesday March 08, 2023
Grom Subsidiary Tapped to Bring Animation Production Expertise to Second Season of Hit Emirati Kids’ Comedy SeriesBOCA RATON, Fla., March 08, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises Inc. (NASDAQ: GROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that its subsidiary Top Draw Animation (“TDA”), a leading source of premium animation production services for programming shown throughout the world, will lend its animation expertise to season two of Mansour, the emerging animated hit series from Bidaya Media, the production team behind Iftah Ya Simsim, the Arabic language version of Sesame Street. The assignment was announced jointly today by TDA’s President, Russell Hicks, and Bidaya Media’s CEO, Nabil El Jisr. “With rich characters, compelling storylines and top-shelf animation, Bidaya Media has crafted the perfect hit series,” said Hicks. “The dedicated animation experts and artists in our Manila studio are energized to bring season two of Mansour to its growing fan base as the series continues its upward climb. We are thrilled to secure another major win for Top Draw which continues to be a ...
- Posted on Thursday February 02, 2023
Action-Packed Adventure to Save Christmas Slated to Commence Production This YearBOCA RATON, Fla., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that Curiosity Ink Media, the company’s original content generator and prolific storytelling division, and international global production and distribution powerhouse, Toon2Tango GmbH & Co. KG (“Toon2Tango”), have confirmed their previously announced animated holiday special – Santa.com (working title) – will begin production later this year as the film is readied for theatrical distribution and release in time for Fall 2025. Curiosity Ink Media and Toon2Tango, also in partnership on two preschool properties, Hey Fuzzy Yellow! and Baldwin, are nearing completion of financing on the film and will jointly oversee the development of all three projects concurrently. The commencement of the preparation of Santa.com’s production was announced today by Curiosity Ink Media’s Chief Executive Officer, Jared Wolfson, and Toon2Tango Chief Executive Officer, Ulli Stoef. Santa.com and Hey Fuzzy Yellow! represent two of the marquee offerings the partnership will feature during Kidscreen Summit 2023, a gathering of more ...
- Posted on Wednesday January 25, 2023BOCA RATON, Fla., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology and safe social media for kids, today announced that it has entered into a securities purchase agreement with a single institutional investor to raise gross proceeds of approximately $3.0 million through the private placement of 1,327,434 shares of common stock (or pre-funded warrants in lieu thereof), and warrants to purchase 2,323,010 shares of common stock. Each share of common stock (or pre-funded warrant in lieu thereof) is being sold together with accompanying warrants at a combined effective purchase price of $2.26 priced at-the-market under Nasdaq rules. The pre-funded units will be sold at the same price less the pre-funded warrant exercise price of $0.01. The warrants will be immediately exercisable from the date of issuance at an initial exercise price of $2.26 per share, subject to adjustments as set forth therein, and will expire five years from the date of issuance. The closing of the private placement is expected to occur on January 27, 2023, subject to the satisfaction of certain customary closing conditions set ...
- Posted on Tuesday January 17, 2023Curiosity and Global Production & Distribution Group – Toon2Tango – to Co-Produce Groundbreaking New Preschool Series with Broad Brand Extension OpportunitiesBOCA RATON, Fla., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that Curiosity Ink Media, Grom’s original content generator and prolific storytelling division, has acquired an equity stake in Hey Fuzzy Yellow!, an emerging original musical series and franchise entertainment brand for preschoolers. In securing the stake, Curiosity and Grom are partnering with international global production and distribution powerhouse, Toon2Tango GmbH & Co. KG, to co-produce the franchise’s centerpiece series. Hey Fuzzy Yellow!, created and developed by Måns Swanberg and Toon2Tango, expertly blends original music, comedy and edutainment curriculum for preschoolers, will pursue ancillary brand extensions that advance the show’s goal of imparting important and accessible life lessons while encouraging critical thinking skills through exploration and play. Hey Fuzzy Yellow! has secured financing and programming commitments from several international broadcasters and is planned to enter production this year. Additionally, pre-sales for the property will continue in February, when ...
- Posted on Tuesday January 10, 2023BOCA RATON, Fla, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology and safe social media for kids, today issued a letter to shareholders from Darren Marks, its Chairman and Chief Executive Officer. Dear Fellow Shareholders, On behalf of our entire organization, we hope that you enjoyed a magical holiday season and we wish you all health, happiness, and success in the New Year. Fiscal 2022 was a foundational year for Grom as we fortified our core businesses to drive growth and future profitability. We remained steadfast to our values and primary objectives to provide safe, secure platforms and environments for kids to interact and explore; to deliver world class animation services; and to bring fun, novel, and authentic kids & family entertainment properties to life. The qualitative milestones that we achieved throughout the year established the base upon which we will build a successful enterprise, which is ultimately measured by the value that we create for our shareholders over the long term. An Emerging Opportunity ...
- Posted on Tuesday December 13, 2022BOCA RATON, Fla., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) (the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology and safe social media for kids, today closed its previously announced underwritten public offering of 1,415,682 units (the “Units”) at a price to the public of $2.89 per Unit and 314,422 pre-funded units (the “Pre-Funded Units”) at a price to the public of $2.889 per Pre-Funded Unit for aggregate gross proceeds of approximately $5.0 million, prior to deducting underwriting discounts, commissions, and other estimated offering expenses. Each Unit consisted of one share of common stock and two warrants, each to purchase one share of common stock for $2.89 per share immediately until the fifth anniversary of the issuance date. Each Pre-Funded Unit consisted of one pre-funded warrant and two warrants identical to the warrants included in the Units. The pre-funded warrants are exercisable for one share of common stock for $0.001 per share immediately until all of the pre-funded warrants are exercised. In addition, the Company granted the underwriters a 45-day option to purchase up to an additional 259,515 Units or Pre-Funded Units solely to cover ...
- Posted on Thursday December 08, 2022BOCA RATON, Fla., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (the “Company”), today announced the pricing of a public offering of 1,415,682 units (the “Units”) at a price to the public of $2.89 per Unit and approximately 314,422 pre-funded units (the “Pre-Funded Units”) at a price to the public of $2.889 per Pre-Funded Unit. Each Unit consists of one share of common stock and two warrants, each to purchase one share of common stock. The warrants will have an exercise price of $2.89 per share, are exercisable immediately upon issuance, and will expire five years following the date of issuance. Each Pre-Funded Unit consist of one pre-funded warrant and two warrants identical to the warrants in the Unit. The pre-funded warrant is exercisable for one share of common stock for $0.001 per share immediately until all of the pre-funded warrants are exercised. The closing of the offering is expected to occur on or about December 13, 2022, subject to the satisfaction of customary closing conditions. EF Hutton, division of Benchmark Investments, LLC is acting as the sole book running manager for the offering. The gross proceeds to the Company from the ...
- Posted on Thursday April 21, 2022BOCA RATON, FL, April 21, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire –Grom Social Enterprises, Inc.’s (NASDAQ: GROM) wholly-owned Manila, Philippines subsidiary, Top Draw Animation, has secured approximately $1,500,000 in new animation production business, as was announced today by Top Draw’s President, Russell Hicks. Top Draw has been a reliable source of premium animation production services, including animated series, movies, specials and short-form content, for several global entertainment providers for over 20 years. The latest production work, from whom Top Draw does not disclose due to competitive reasons and client privilege, comes on the heels of other new assignments that the company expressed in announcements made earlier this year. The studio employees over 400 animation professionals and continues its increased output as pandemic concerns ease and under direction of the company’s new leadership – the aforementioned Hicks, who earlier in his career led Nickelodeon’s animation and live action direction, as well as Executive Vice President, Jared Wolfson, both of whom assumed their new roles last fall. “More and more, programmers are turning to Top Draw to ensure their content is executed by professionals dedicated to delivering the best possible animation,” explains Hicks. “From ...
- Posted on Wednesday February 02, 2022BOCA RATON FL, Feb. 02, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM) today announced its wholly-owned subsidiary, Top-Draw Animation (TDA), has executed an agreement with an international programming supplier that will generate an additional $950,000 in business. The work, announced today by Top Draw’s President, Russell Hicks, will further bolster animation production to TDA’s bustling studio in Manila, the Philippines, where it produces animated series, movies, specials and short-form content on behalf of major international programming suppliers, studios and networks. Recognized throughout entertainment communities for its premium production services, Top Draw has produced animated content for over 20 years and was acquired by Grom in 2016. Top Draw serves as a centerpiece of Grom’s offerings, which also includes safe social media for kids, web filtering utilized in school districts nationwide and original family entertainment through Curiosity Ink Media. In 2021, Top Draw welcomed new leadership with the addition of Hicks and Jared Wolfson, the studio’s Executive Vice President. “More and more, programmers rely on Top Draw to produce their premium animated programming,” explains Hicks. “Our entire team came into 2022 energized to deliver even more one-of-a-kind animation content ...
- Posted on Wednesday January 19, 2022Original Entertainment Franchise About Team of Failed Superheroes Who Pivot Will Debut in Graphic Novel Series Boca Raton, FL, Jan. 19, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Curiosity Ink Media – the family entertainment engine for Grom Social Enterprises, Inc. (NASDAQ: GROM) today unveiled The Legion of Forgettable Supervillains, an original intellectual property (IP) franchise which will debut as a graphic novel in partnership with publisher, Dynamite Entertainment. Slated for release in 2022, The Legion of Forgettable Supervillains centers around a group of failed superheroes who inadvertently find greater success and acclaim in villainy. Publishing will serve as a launch point for future brand extension opportunities including a recurring TV series, feature films, consumer products and global merchandising and cobranding opportunities. The franchise debut was announced today by Curiosity Ink Media’s Chief Content Officer, Russell Hicks. The Legion of Forgettable Supervillains centers around Ben Mondo and his rag tag group of friends, all of whom aspire to be superheroes and each with an abysmal track record of heroic feats. Frustrated in his career, Ben is ready to hang up his cape. However, after stumbling upon a bank heist, he is mistakenly ...
- Posted on Thursday December 09, 2021
Grom’s Storytelling Division Bolsters IP Offerings with Musical Comedy Series BOCA RATON, FL, Dec. 09, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- YouTube sensation Honoka Katayama will bring her celebrated blend of ukulele music, positive messages, and Hawaiian spirit to preschoolers everywhere in Aloha Hoku, a new animated musical series currently in development with Curiosity Ink Media, a division of Grom Social Enterprises, Inc. (NASDAQ: GROM). The original intellectual property (IP) franchise centers on Hoku, a dynamic Hawaiian girl and the adventures she embarks on with her magical ukulele. The series, which has been developed with co-creators Dustin Ellis, Jody Kamisato and Honoka Katayama, was announced today by Russell Hicks, Curiosity Ink Media’s Chief Content Officer. Aloha Hoku is filled with the music and magic of Aloha, a world in which animals talk, ocean waves have personalities and mountains express human emotions. In each new installment, 8-year-old Hoku embarks on a new adventure with both human and animal friends and resolves challenges through song and the help of her magical ukulele. Like a magic wand, Hoku is able to manipulate the physical world around her by harmonizing with ...
- Posted on Wednesday December 01, 2021Animation Production Supplier for Global Entertainment Brands Bolsters Output and Leverages New Leadership Team BOCA RATON, FL, Dec. 01, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc.’s (NASDAQ: GROM) wholly-owned subsidiary, Top Draw Animation (TDA), today announced that it has been commissioned for an additional $1.0MM in new animation production work, some of which is already underway at its sprawling studio in Manila, the Philippines. The animated projects, none of which have been previously disclosed, are on behalf of global entertainment providers and represent the earliest production work to be fulfilled end-to-end under TDA’s leadership duo of Russell Hicks and Jared Wolfson, the studio’s newly installed President and Executive Vice President, respectively. Due to confidentiality, Top Draw has not disclosed the commissioned series or clients. “Top Draw is proud to continue its legacy of truly being a world-class animation production leader,” said Hicks. “Bringing detailed attention to every frame of production sets Top Draw apart as our clients increasingly rely on animated content to round out their programming slates and offer viewers rich storytelling through visually stunning animation.” Recognized for premium animation production services, Top Draw produces animated series, movies, ...
- Posted on Thursday October 21, 2021Boca Raton, FL, Oct. 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ:GROM) ("Grom" or the "Company"), the emerging social media and family entertainment company, today announced an increase to the total amount of its previously announced private placement of convertible notes and warrants. On September 14, 2021, L1 Capital Global Opportunities Master Fund (“L1 Capital”) purchased from the Company (i) a convertible note in the principal amount of $4,400,000, with a 10% original issuance discount, an 18-month maturity, and a conversion price of $4.20 per share, subject to adjustment, and (ii) warrants to purchase 813,278 shares of common stock, with an exercise price of $4.20 per share, subject to adjustment. The transaction documents for the private placement anticipated a second investment by L1 Capital in the amount of $1,500,000, subject to certain conditions. As of October 20, 2021, the amount for the proposed second investment has been increased to up to $6,000,000 for total gross proceeds to the Company of $10,400,000, subject to certain conditions being met. The second closing is subject to the Company obtaining shareholder approval, as required by Nasdaq’s rules, among other things. The Company intends to use the net ...
- Posted on Thursday October 07, 2021Premium Supplier of Animation Production for Global Entertainment Brands Bolsters Output and Leverages New Leadership Team BOCA RATON, FL, Oct. 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM), today announced that its wholly-owned subsidiary, Top Draw Animation (TDA), has commenced production on approximately $1.0 million in new projects through its sprawling studio in Manila, the Philippines. The assignments, two recurring episodic animated TV series, bolster the studio’s output and leverage the expertise of Top Draw’s animation professionals as well as Russell Hicks and Jared Wolfson, the studio’s newly installed President and Executive Vice President, respectively. Due to confidentiality, Top Draw did not disclose either the series or the commissioning client. Recognized throughout the animation and entertainment communities for premium production services, Top Draw produces animated series, movies, specials and short-form content on behalf of several leading global entertainment providers. The company was acquired by Grom in 2016 and serves as a centerpiece of Grom’s offerings, which include safe social media for kids, web filtering utilized in school districts nationwide and original family entertainment through Curiosity Ink Media. Founded by Hicks and advertising executive Brent Watts ...
- Posted on Tuesday October 05, 2021Slated to Debut as a Graphic Novel in 2022, Franchise Plans Include Global Distribution, Original Series, Publishing and Consumer Products Boca Raton, FL, Oct. 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc’s (NASDAQ: GROM) Curiosity Ink Media – an emerging pipeline for original multiplatform family entertainment – today announced that it is in development on The Pirate Princess, a new, original intellectual property (IP) franchise slated for global theatrical distribution. The Pirate Princess will debut in Fall 2022 as an original graphic novel and serve as a springboard for the film and other future ancillary opportunities including publishing, a recurring series and consumer products. The announcement was made by Russell Hicks, Curiosity Ink Media’s Chief Content Officer. Curiosity Ink Media, which was recently acquired by Grom, is quickly making its mark in original family entertainment that will be expressed in a variety of content offerings. Earlier this summer the company announced that it has begun production on Baldwin’s Big Adventure, a new preschool franchise and has been tapped to develop the hit YouTube shorts Cats vs. Pickles into a recurring animated series. Additionally, Curiosity also announced a multi-title ...
- Posted on Wednesday September 15, 2021Boca Raton, FL, Sept. 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ:GROM) ("Grom" or the "Company"), the emerging social media and family entertainment company, today announced the closing of a $4.4 million private placement. The Investment is in the form of a 10% Original Issue Discount convertible note in the principal amount of $4,400,000 that has an 18-month maturity and a fixed conversion price of $4.20 per share of common stock, subject to adjustment, and warrants to purchase 813,278 shares of common stock with an exercise price of $4.20 per share, subject to adjustment. GROM is required to make monthly payments in either cash or shares, commencing 75 days after closing. GROM has agreed to file a registration statement registering for resale the shares of common stock issuable upon conversion of the note and upon exercise of the warrants on or before October 19, 2021. The warrants are not exercisable until the Company’s shareholders approve the issuance of the warrants and will be exercisable for five years after such approval. The Company intends to use the net proceeds from the private placement for working capital, joint ventures, possible acquisitions, partnerships, and general corporate purposes. ...
- Posted on Wednesday September 08, 2021BOCA RATON, FL, Sept. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM), a company dedicated to social media for kids, animation production services, and original entertainment for the whole family, today announced the appointment of veteran entertainment and media marketing executive Jared Wolfson to its executive ranks. Wolfson’s appointment was announced by Darren Marks, Grom’s Chairman and Chief Executive Officer. A winning business development executive and marketing specialist for more than 20 years, Wolfson has built and managed numerous successful franchise properties, architected and driven multi-media marketing plans and initiatives powering record sales revenues and led development, production, and operational activities for studios, amassing hundreds of half-hours of kids & family entertainment content, in various formats and mediums. Wolfson joins Grom’s executive team as the Chief Executive Officer for Curiosity Ink Media and Executive Vice President for Top Draw Animation. As CEO of Curiosity, a global media company that develops, acquires, and maximizes the commercial potential of intellectual properties in the Kids & Family entertainment space, Wolfson will be responsible for leading key initiatives including partnerships and deal structure, operations, finance, and driving corporate vision and culture. For Top Draw, Grom’s award-winning, Manila-based animation studio, Wolfson will spearhead ...
- Posted on Monday August 23, 2021Capping 40+ Year Career in Animation -- Including More than Two Decades as Managing Director for Top Draw -- Dearing Plans to Retire in 2022 Hicks to Lead Top Draw and Continue to Oversee Original IP for Curiosity Ink Media, Grom’s Newest Acquisition and Original Content Division Boca Raton, FL, Aug. 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ:GROM), the emerging social media and family entertainment company, today announced that Wayne Dearing, whose legendary career in animation spans more than four decades – including 22 years since founding and serving as Managing Director of Grom’s Top Draw Animation division – will retire in 2022. To meet the growing animation needs of Top Draw’s roster of global entertainment customers, Grom will install former Nickelodeon President of Content Development and Production, Russell Hicks, to oversee Top Draw in addition to serving as Chief Content Officer for Curiosity Ink Media, the original storytelling entertainment company Hicks founded in 2016 and Grom’s newest division. The executive announcements were unveiled today by Grom CEO, Darren Marks, who also confirmed that Grom Social Enterprises, Inc. has officially completed the acquisition of Curiosity Ink Media. The transition of Top Draw ...
- Posted on Wednesday August 18, 2021BOCA RATON, FL, Aug. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM), the social media and entertainment company for kids and families (www.gromsocial.com), today announced veteran digital marketing executive, Pete Jacobs, has been enlisted to bring his e-commerce and digital marketing expertise as a consultant to the company’s planned November debut of Santa.com, Grom’s new digital holiday entertainment and shopping hub. The selection of Jacobs was announced today by Darren Marks, Chairman & CEO, Grom Social Enterprises, Inc. Jacobs currently lends his expertise at MELT Method, where he’s leading the digital transformation for the self-care content brand. Previously, he led the marketing team to success at www.digitaltrends.com-- the editorial and e-commerce site devoted to consumer products and emerging tech -- as well as the company’s two sibling publications, which collectively serve more than 125MM unique visitors per month. An entrepreneurial consumer marketing expert known for developing creative, high-impact digital content strategies, Jacobs will team up with Grom to drive content for the site, heighten awareness among consumers, and play a central role in affiliate e-tail partner relations. In his role as consultant to Santa.com, Jacobs will help craft the overall user experience (UX) for the site, ...
- Posted on Thursday July 29, 2021Curiosity Executive Brent Watts to Join Grom in Key Leadership Role to Guide Growth, Strategy and Revenue Opportunities BOCA RATON, FL, July 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom” or the “Company”) today announced it has entered into a definitive purchase agreement to acquire 80% of the equity and control of Curiosity Ink Media LLC (“Curiosity” or “CIM”) – a producer and developer of original kids and family content – which is expected to complement the Company’s existing offerings of brand-safe social media for kids, animation production and web filtering solutions. Upon completion of the acquisition, Grom will retain one of the key architects of Curiosity’s early success, Brent Watts, in his current role as Chief Creative Officer, where he will continue to cultivate storytelling IP for Curiosity and provide visual design acumen for the studio. The announcement was made by Darren Marks, Grom’s Chairman and Chief Executive Officer. Closing of the purchase transaction is subject to certain regulatory and other customary closing conditions, and is expected to take place in mid-August 2021. The acquisition will bring Curiosity’s original IP catalog to the Company’s portfolio of assets, with Watts helping ...
- Posted on Monday July 19, 2021BOCA RATON, FL, July 19, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom”, the “Company”), a social media platform and original content provider for children under the age of 13, is pleased to announce that it has been invited to present at the Emerging Growth Conference on Wednesday, July 21, 2021 The next Emerging Growth Conference is presenting on Wednesday, July 21, 2021. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s CEO Darren Marks and Grom Social’s President, Paul Ward in real time. Mr. Marks and Mr. Ward will perform a presentation and may subsequently open the floor for questions. Please ask your questions during the event and Mr. Marks and Mr. Ward will do their best to get through as many of them as possible. Grom Social Enterprises will be presenting at 2:30/PM Eastern time for 30 minutes. Please register here to ensure you are able to attend the conference and receive any updates that are released. https://goto.webcasts.com/starthere.jsp?ei=1479677&tp_key=2d44faef25&sti=grom If attendees are not able to join the event live on the day of the ...
- Posted on Thursday July 15, 2021BOCA RATON, July 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom”, the “Company”), a social media platform and original content provider for children under the age of 13, today announced that the underwriters of its previously completed public offering have exercised the remainder of their over-allotment option to purchase an additional 361,445 shares. The 45-day over-allotment option was granted in connection with the Company’s previously announced underwritten public offering of 2,409,639 units at a public offering price of $4.15 per unit. After giving effect to the full exercise of the over-allotment option, the total number of units sold by the Company in the offering increased to 2,711,084 units, resulting in aggregate gross proceeds of approximately $11.5 million prior to deducting underwriting discounts, commissions, and other offering expenses. Each unit issued in the offering was comprised of one share of common stock and one warrant to purchase one share of common stock. Each warrant is exercisable for one share of common stock at an exercise price of $4.565 per share and will expire five years from issuance. EF Hutton, division of Benchmark Investments, LLC, acted as sole book-running manager and Revere ...
- Posted on Monday June 21, 2021BOCA RATON, June 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom”, the “Company”), a social media platform and original content provider for children under the age of 13, today announced the closing of its previously announced underwritten public offering of 2,409,639 units at a public offering price of $4.15 per unit for aggregate gross proceeds of approximately $10.0 million prior to deducting underwriting discounts, commissions, and other offering expenses. Each unit issued in the offering was comprised of one share of common stock and one warrant to purchase one share of common stock. Each warrant is exercisable for one share of common stock at an exercise price of $4.565 per share and will expire five years from issuance. In addition, the Company granted the underwriters a 45-day option to purchase up to an additional 361,445 shares of common stock and/or warrants to purchase up to 361,445 shares of common stock at the public offering price less the underwriting discounts and commissions. The common stock and warrants began trading on the Nasdaq on June 17, 2021 under the symbols “GROM” and “GROMW”, respectively. EF Hutton, division of Benchmark Investments, ...
- Posted on Friday June 18, 2021Slate of Projects from Global Entertainment Brands Entrust Top Draw Animation with their Most Iconic and Beloved Intellectual Properties Boca Raton, FL, June 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ:GROM), the emerging entertainment and social media company for kids and families, today announced that its wholly-owned subsidiary, Top Draw Animation, is ramping up production at its state-of-the-art animation studio in the Philippines to address the growing demand for the animated content it produces on behalf of several leading global entertainment companies. Additionally, as the entertainment industry reopens and the global pandemic slows, Top Draw has reinstated its animators training program – suspended during the crisis – to cultivate the next generation of animation pros and meet the increase in animation production. Top Draw Animation is a centerpiece of Grom Social Enterprises, Inc., which also operates: Grom Social, a safe social media app for kids under 13; Grom Educational, a supplier of web filtering solutions; and Curiosity Ink Media, a producer and developer of original kid-friendly content, which Grom recently entered into an agreement to acquire. Top Draw Animation continues its upward climb after its parent company posted Q-1 revenues ...
- Posted on Wednesday June 16, 2021BOCA RATON, June 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom”, the “Company”) a social media platform and original content provider for children under the age of 13, today announced the pricing of an underwritten public offering of 2,409,639 units at a public offering price of $4.15 per unit for aggregate gross proceeds of approximately $10.0 million prior to deducting underwriting discounts, commissions, and other offering expenses. Each unit is comprised of one share of common stock and one warrant to purchase one share of common stock. Each warrant is exercisable for one share of common stock at an exercise price of $4.565 per share and will expire five years from issuance. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 361,445 shares of common stock and/or warrants to purchase up to 361,445 shares of common stock at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or around June 21, 2021, subject to satisfaction of customary closing conditions. In connection with the offering, the Company has received approval ...
- Posted on Monday May 03, 2021Youngest Surfer Ever to Qualify for the WSL Women’s Championship Tour Packing Her Board and Inviting Grom Followers to Experience the Teamwork, Thrill and Dedication as Member of Very First US Olympic Women’s Surf Team BOCA RATON, FL, May 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social’s star influencer -- 19-year-old Caroline Marks of Melbourne Beach, Florida -- is giving Grom users a beachfront pass to experience the thrill of Olympic competition. Caroline will vie for the gold medal as a member of the very first US Women’s Surf team heading to the Olympics in Tokyo this summer. In the weeks leading up to the competition (Jul 23 – Aug. 1), Marks will chronicle her journey into Olympic waters and showcase her preparation, exercise regimen and offer surfing tips as well as creating original content that underscores what life is like for athletes at the Olympics. In turn, Grom Social, an emerging social app for kids under 13 years of age, will cheer Marks on with specially themed Caroline Marks and surfing-themed content kids can share on social as she competes in the Olympics and other international competitions throughout Australia, Mexico and California. “It’s an incredible honor ...
- Posted on Wednesday April 07, 2021Nickelodeon Veterans Russell Hicks and Paul Ward Join Grom in Key Leadership Roles BOCA RATON, April 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (OTCQB: GRMM) (“Grom” or the “Company”), today announced it has entered into a binding letter of intent to acquire kids and family entertainment company, Curiosity Ink Media, LLC (“Curiosity”) – a producer and developer of original kid-friendly content – to complement the Company’s existing offerings of brand-safe social media for kids, animation production and web filtering for schools, government agencies and private businesses. Additionally, Grom appointed two former Nickelodeon executives – Curiosity’s President Russell Hicks and Paul Ward -- to lead the Company’s animation, social media and educational divisions. An emerging platform and content provider of entertainment for kids under 13 years old, the Company’s subsidiary, Grom Social, Inc. (“Grom Social”), provides a secure social media venue for kids that is monitored around the clock and invites parents and guardians to play an active role in a child’s social media activities. The announcements were made by Darren Marks, Grom’s Chairman and Chief Executive Officer. The Company believes that the addition of Curiosity would enable Grom to ...