Grom Social's Top Draw Animation Inks $950k in Animation Production Assignments
February 02 2022 - 8:41AM
InvestorsHub NewsWire
Grom
Social's Top Draw Animation Inks $950k in Animation Production
Assignments
BOCA RATON FL -
February 2, 2022 - InvestorsHub NewsWire -- 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 on behalf of all of our clients, whose success
depends upon showcasing entertainment that keeps viewers engaged
and coming back for more."
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 and 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. 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 provides 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
+1-818-681-0849 Media.contact@gromsocial.com
For
Investor Relations
John McNamara
TraDigital IR +1-917-658-2602 john@tradigitalir.com
Grom Social Enterprises (NASDAQ:GROM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Grom Social Enterprises (NASDAQ:GROM)
Historical Stock Chart
From Sep 2023 to Sep 2024