Grom Social's Top
Draw Animation Studio Adds
$1
Million in New Assignments
Premium Supplier
of Animation Production for Global Entertainment Brands Bolsters
Output and Leverages New Leadership Team
BOCA RATON, FL -
October 7, 2021 - InvestorsHub NewsWire -- 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 in
2017, Curiosity is intended to serve as Grom's pipeline for
original IP (Intellectual Property) development through which the
company aims to serve the entertainment needs of kids and
families.
"Animation consistently
delivers dedicated audiences because it's typically timeless and
escapist," explains Hicks. "Programmers rely heavily on their
animated series and Top Draw Animation is prepared and energized to
help entertainment companies around the world bring this visually
rich brand of storytelling to life. We currently have hundreds of
animation experts and artists focused on feeding the growing demand
for animated entertainment."
Top Draw Animation studio employs
over 400 artists in its 37,000 square foot, state-of-the-art studio
in Manila, the Philippines.
TDA has accumulated an
impressive portfolio of TV animation totaling more than 2,000 half
hours. As the entertainment industry
slowly welcomes personnel back into the office, Top Draw continues
work in cooperation with the Film Development Council of the
Philippines, Quezon City and Manila Local Government to ensure that
all necessary Covid 19 safety protocols are in place to protect
studio employees. Currently, Top Draw is tracking to have 80
percent of its staff vaccinated by the end of 2021.
About
Grom Social Enterprises, Inc.
Grom
Social Enterprises, Inc. (NASDAQ: GROM) is a growing social media platform and
original content provider of entertainment for children under 13
years of age, which provides safe and secure digital environments
for kids that can be monitored by their parents or guardians. The
Company has several operating subsidiaries, including Grom Social,
which delivers its content through mobile and desktop environments
(web portal and apps) that entertain children, let them interact
with friends, access relevant news, and play proprietary games
while teaching them about being good digital citizens. The Company
owns and operates Top Draw Animation, which produces award-winning
animation content for some of the largest international media
companies in the world. Grom also includes Grom Educational
Services, which has provided web filtering services for K-12
schools, government and private businesses. For more information,
please visit
gromsocial.com.
Forward-Looking
Statements
This press release
contains statements, which may constitute "forward-looking
statements.". Those statements include statements regarding the
intent, belief, or current expectations of Grom and members of its
management team as well as the assumptions on which such statements
are based. Such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, and that
actual results may differ materially from those contemplated by
such forward-looking statements. Important factors currently known
to management that may cause actual results to differ from those
anticipated are discussed throughout the Company's reports filed
with Securities and Exchange Commission which are available at
www.sec.gov as well as the Company's web site at
www.gromsocial.com. The Company undertakes no obligation to update
or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
# # #
For Grom Social Enterprises/Curiosity Ink
Media
Marianne Romano
818-681-0849
Media.contact@gromsocial.com
For Investor Relations
John McNamara
TraDigital IR
917-658-2602
john@tradigitalir.com