Grom Social’s Top Draw Animation Studio
Adds $1.0MM in
Additional New Business
Animation Production
Supplier for Global Entertainment Brands Bolsters Output and
Leverages New Leadership Team
BOCA RATON, FL –
December 1, 2021 -- InvestorsHub NewsWire -- 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
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