Separation studio 4 pre release
Every day, Grom is keeping our kids safe, both online and in school.
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The world has finally woken up to the importance of protecting kids in the digital universe. Protecting Kids on Social Has Never Been So Vital Grom is Ready Having TDA in the center of the entertainment universe, we believe, heightens the opportunity for even more lucrative assignments. Previously, TDA’s studio in Manila gave it limited access to animation producers and obscured its considerable strengths. TDA now has a meaningful presence in Hollywood and managing it alongside Curiosity allows us to offer its services to key decision makers – many of whom now occupy C-Suite roles and are longtime colleagues and friends of Russell Hicks – in a streamlined approach. TDA’s studio in the Philippines boasts nearly 400 animation pros, who for the last 20 years, have delivered premium animation to programmers around the world. Grom’s acquisition of Top Draw Animation (TDA) in 2016 proved to be a stellar move as the studio has served as a consistent and reliable revenue source for Grom. Curiosity’s Russell Hicks’s proven biography in cultivating hits like SpongeBob SquarePants, Dora the Explorer and Paw Patrol make him the perfect team captain to lead our crew with the creative energy and business acumen to position Grom and Curiosity’s new original IP for success.
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An animated or preschool hit can lay the groundwork for other revenue streams (consumer products, international distribution, licensing, live tours, etc.) and bring SVODs new ancillary revenue that helps offset losses from subscriber erosion. In the Curiosity model, our aim is to make true partners in the development of our programming by sharing the investment costs of bringing shows to life through partners who can provide the right backing (marketing, PR and positioning) and platforming each show for success. These consumers are more likely to incur the expense of a subscription if they feel that the programming offered by the service includes content for their kids. Today’s millennial parents are finally giving up their parents’ passwords and opting for their own subscriptions. Three takeaways that are driving the new Grom Social Enterprises:Ĭuriosity Ink Media Can Play a Vital Role in Reversing Fortunes of ProgrammersĪs new subscribers are a top priority for most subscription video on demand (SVOD) providers (like Netflix, Amazon, Hulu, etc.), many are waking up to the opportunity that original content for preschoolers and animation represents. The creative energy pulsing through Curiosity, combined with our mission to provide top-shelf, kid-first content, aligns perfectly with our legacy assets: Grom Social, Top Draw Animation, and Grom Educational Services. Our uplisting to NASDAQ last June was followed weeks later by the acquisition of Curiosity Ink Media, immediately making us an emerging player in kids and family entertainment. In a nutshell, these are exciting times at Grom. Now is the perfect time to express our vision and bring further clarity to our mission that challenges the current narrative and underscores how undervalued GROM is at an $8.1MM market cap. Collectively, we view these favorable conditions as the bedrock foundation of our organization that will allow us to cultivate significant growth potential. Our position is straight-forward: We have a smart strategy, a deep bench of talented leaders and a roster of potentially lucrative intellectual properties (IP) in development that we anticipate could unlock new revenue streams. Like other companies, our stock price is at the mercy of environmental factors that challenge our valuation including major indexes recording big losses, high inflation and rising interest rates – to name a few – all of which have a way of placing increased pressure on small cap stocks, Grom Social Enterprises included. Let’s start with the current valuation of Grom, which, in our estimation, is a poor reflection of our revenue potential, asset portfolio and market opportunities. Today, I’d like to take a few moments to offer you insights into Grom’s overall performance and share some exciting developments we’re currently pursuing that we believe will lay the groundwork for improved near- and long-term shareholder value.
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On behalf of everyone at Grom Social Enterprises, Inc., let me begin by expressing our gratitude for your continued advocacy and support of Grom, and we hope that you and your loved ones are all safe, happy and healthy. Investor relations information on Grom Social Enterprises, Inc. The letter was issued by Darren Marks, Grom’s Chairman and Chief Executive Officer. (NASDAQ: GROM), a provider of safe social media for kids, animation production services, original intellectual properties, and web filtering solutions used in schools, today issued a Letter to Shareholders. BOCA RATON, Fla., J(GLOBE NEWSWIRE) - Grom Social Enterprises, Inc.