Grom Subsidiary Top Draw Animation Secures Major Contract and Largest Single Order in Company History, Estimated Valued at Over $2.9MM, for Animated Series Production.

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Generous Government Tax Incentives Spur Renewed Interest in Grom’s Manila-based Studio from International Programming SuppliersBOCA RATON, Fla., May 07, 2024 (GLOBE NEWSWIRE) -- Grom Social Enterprises Inc.(NASDAQ: GROM) ("Grom” or the "Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that its subsidiary, Top Draw Animation ("TDA”), a leading source of premium animation production services for programming shown throughout the world, will lend its animation expertise to over $2.9MM in new assignments, one of which represents the largest single order in Top Draw’s 25-year history.

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, lets 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.

"With the help of generous tax incentives from government officials in the Philippines, we deliver animation production that helps our partners keep production costs low while granting access to Top Draw’s best-in-class artists that bring these amazing stories to life.” Acquired by Grom in 2016, TDA is an award-winning state-of-the-art 2D animation studio offering premium, high-capacity Harmony and Flash production pipelines.

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Author / Journalist: Grom Social Enterprises

Category: Technology

Markets: ChinaPhilippines

Topics: US39878L3087 Nasdaq:GROMW Nasdaq:GROM

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Published On: 2024-05-07 @ 12:30:00 (1 weeks ago)

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