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Grom Social Enterprises Inc - GROMW STOCK NEWS

Welcome to our dedicated news page for Grom Social Enterprises (Ticker: GROMW), a resource for investors and traders seeking the latest updates and insights on Grom Social Enterprises.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Grom Social Enterprises's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Grom Social Enterprises's position in the market.

News
Former Technicolor Animation & Games Production VP Cyrus Mistry Named Chief Operating Officer for Grom’s Award-winning Manila-based Studio, Top Draw Animation
Rhea-AI Summary
Former Technicolor Animation & Games Production VP Cyrus Mistry has been appointed as the Chief Operating Officer for Grom's award-winning Manila-based studio, Top Draw Animation. Mistry will oversee a team of 300+ animation staff at the state-of-the-art studio in the Philippines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.43%
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none
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News
Grom Social Enterprises, Inc. and Arctic7 Launch Synergy Council to Explore Cross-Division Gaming Production Opportunities
Rhea-AI Summary
Grom Social Enterprises, Inc (NASDAQ: GROM) has entered into a Letter of Intent to acquire Arctic7, a game and co-development services provider, aiming to explore gaming production and revenue growth opportunities. The synergy council will focus on integrating Arctic7's expertise into Grom's family-friendly entertainment offerings, including safe social media for kids and original content creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
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none
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News
Arctic7 Set To Be Acquired By Media, Technology & Entertainment Company Grom Social Enterprises, Inc
Rhea-AI Summary
Grom Social Enterprises, Inc (NASDAQ: GROM) enters into a Letter of Intent to acquire Arctic7, a provider of game development, co-development, and virtual production services. Arctic7 aims to become a leader in the gaming and film & TV industry. The acquisition aligns with Grom's strategy to expand its entertainment offerings into the gaming sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
Tags
acquisition
News
Grom Social Enterprises Announces May Release of Newly Designed COPPA-Compliant Grom Social App Featuring Enhanced Safety Measures for Parents and New Interface Brimming with Fun Just for Kids!
Rhea-AI Summary
Grom Social Enterprises, Inc. announces the launch of a redesigned COPPA-compliant social media app for kids, focusing on safety and education.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
Grom Social Enterprises, Inc. to Further Expand Entertainment Offerings Through Gaming as it Enters Into Letter of Intent to Acquire Leading Gaming Company, Arctic7
Rhea-AI Summary
Grom Social Enterprises, Inc. (NASDAQ: GROM) announces the non-binding letter of intent to acquire Arctic7, Inc., an emerging gaming industry service provider, in a 100% equity transaction. The acquisition aims to tap into the $185 billion global gaming market, leveraging Arctic7's expertise in full game development, co-development, and virtual production. Arctic7 has shown impressive growth, reaching $7.9 million in FY23 and projecting $14 million in FY24. The partnership intends to fuel Arctic7's growth and enhance Grom's entertainment ecosystem through content collaboration, cross-promotional opportunities, and more.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
64.96%
Tags
acquisition
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News
Grom Social Enterprises To Spotlight Curiosity Ink Media’s Catalog of Original IP and Top Draw Animation’s Award-Winning Animation Production Services During Kidscreen 2024
Rhea-AI Summary
Grom Social Enterprises, Inc. (NASDAQ: GROM) will showcase its kid and family-centered intellectual property and animation production services at the Kidscreen Summit. The company's key executives will present its growing catalog of IP and animation production services, seeking international distribution for its kid-first IP franchises. The offerings include original animated feature film Santa.com, set for global distribution in Fall 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.32%
Tags
none
News
Santa.com Wraps Up 2023 Christmas Season With Gains Across Several Key Visitor Metrics
Rhea-AI Summary
Grom Social Enterprises, Inc. and its subsidiary, Curiosity Ink Media, reported significant growth in Santa.com's e-commerce and editorial platform during the 2023 holiday season. The platform saw a substantial increase in orders and revenue, as well as a significant growth in social media audience and impressions. The company aims to leverage these results for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.93%
Tags
none
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News
Olympic Surfer Caroline Marks to Ride Wave of Support From Grom Social as Premiere App for Kids Cheers its Original Ambassador on to the Paris 2024 Games!
Rhea-AI Summary
Grom Social Enterprises, Inc. (NASDAQ: GROM) announces partnership with 2023 World Surfing League Women's World Champion, Caroline Marks, as she prepares to represent the US in the 2024 Summer Olympics in French Polynesia. Marks will be featured on Grom Social, sharing her journey to the games and promoting digital safety for kids.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.65%
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none
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News
Grom Social Enterprises, Inc. Announces Closing of $4.0 Million Private Placement
Rhea-AI Summary
Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) announced the first closing of a private placement of a convertible promissory note with an initial principal amount of $4,000,000. The company will issue warrants to acquire 1,514,072 shares of Common Stock to the institutional investor. The net proceeds from the private placement will be used for general working capital and administrative purposes. EF Hutton LLC acted as the exclusive placement agent for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.4%
Tags
none
News
Curiosity Ink Media’s Santa.com Partners With Leading Holiday Consumer Products Brand, American Greetings
Rhea-AI Summary
Curiosity Ink Media's e-commerce platform, Santa.com, has partnered with American Greetings to offer holiday-related products, including the popular digital Jacquie Lawson Edwardian Advent Calendar. The platform aims to provide families globally with a magical yuletide experience through a variety of gift options, home goods, journals, calendars, stationery items, and Santa's favorite candy and baked goods. This partnership is expected to drive significant traffic to Santa.com, enhancing the company's revenue potential. The collaboration with American Greetings adds a unique and high-utility resource to Santa.com's Gift Shop, catering to all age groups and contributing to a festive holiday season. Grom Social Enterprises, Inc. (NASDAQ: GROM) is the parent company of Curiosity Ink Media, showcasing the company's commitment to expanding its e-commerce offerings and delivering value to its customers and shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.72%
Tags
partnership
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Grom Social Enterprises Inc

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GROMW Stock Data

1.80M
Motion Picture and Video Production
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United States
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