Grom Social’s Top Draw Animation Studio Adds $1.0MM in Additional New Business
December 01 2021 - 8:00AM
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, specials, and
short-form content on behalf of several leading global
entertainment providers. The studio employs over 400 artists,
animation and production executives at its 30,000 square foot,
state-of-the-art campus in the heart of Manila, the
Philippines. Since opening its doors in 1999, TDA has
accumulated an impressive portfolio of TV animation, producing more
than 2,000 half hours of content on behalf of programmers and other
leading entertainment providers.
Top Draw Animation 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.
About Grom Social Enterprises,
Inc.Grom Social Enterprises, Inc. 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 Curiosity Ink
Media, a global media company that develops, acquires, builds,
grows, and maximizes the short, mid & long-term commercial
potential of Kids & Family entertainment properties and
associated business opportunities and 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 StatementsThis
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 MediaMarianne
Romano818-681-0849Media.contact@gromsocial.com
For Investor RelationsJohn McNamaraTraDigital
IR917-658-2602john@tradigitalir.com
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