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Grom Social Enterprises Inc. (NASDAQ: GROM) announced that its subsidiary, Top Draw Animation, secured over $2.9MM in new assignments, including the largest order in its history. The company's Manila-based studio is attracting international interest due to generous tax incentives, resulting in cost-effective premium animation production services.
Grom Social Enterprises, Inc. (NASDAQ: GROM) is progressing towards the definitive documents phase for the acquisition of Arctic7, Inc., a Texas-based gaming industry service provider. This move will expand Grom's entertainment offerings to include gaming development and virtual production services. The acquisition allows Grom to tap into the $180 billion gaming industry, with $20 billion dedicated to kids' gaming. Grom's Curiosity Ink Media division will soon release two new projects for international distribution, marking the company's foray into original film and TV content.
