Grom Social’s Top Draw Animation Studio Adds $1 Million in New Assignments
October 07 2021 - 8:30AM
via NewMediaWire -- 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 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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