|Grom Social (GROM) Seems to be Building a Social Media Empire for Children One Brick at a Time
The chart setup indicates trending shares, recently moving past their SMA20.
Good day everyone,
Update, Grom Social Enterprises, Inc. (NASDAQ: GROM) the social media company just for kids, and a creator of media content for animated films and televisions series.
Current price $.7449/share (at market close 5-31-22)
GROM is building a social empire geared toward children under thirteen, an age group that parents, grandparents, and other family members love to spend on. The current price of GROM shares must seem irresistible to a considerable number of investors, even institutions have grabbed up 8.7% of the company.
GROM has assembled so much talent, formerly associated with Nickelodeon, it seems like they could repeat that success story.
GROM has made several moves in H1 this year that could translate to revenues in H2. I think the changes at Santa.com will be a big one during the holiday season this year. While Santa.com was up and running last year, this upcoming season will be the first with the ability for purchase of merchandise.
Here are the latest developments at GROM:
Global Toy Company Cepia Taps Curiosity Ink Media to Serve as Licensing Agent for Hit Toy & Entertainment Franchise, Cats vs Pickles®
The company has announced it will partner with Cepia LLC to serve as licensing agent for the hit toy and entertainment franchise, Cats vs Pickles.
The licensing partnership builds on the Curiosity-Cepia relationship established in 2021, an alliance to develop Cats vs Pickles into a widely distributed animated series featuring the hilarious cast of characters from the wildly popular Cats vs Pickles product line. In addition to entertainment content, Curiosity Ink Media has also signed on to develop multiple publishing titles, planned for 2022 and 2023 release. The first book in the series, Everybody Loves Cats vs Pickles is slated for release in September of 2022.
Book value (3-31-22) $1.33/share
Outstanding shares 18.7M
Shares in float 15.5M
YTD high $2.13/share
Insider ownership 16.5%
Recent developments at GROM that may contribute to revenues in the near term:
Curiosity announced the new Mr. Zip book series, teaming up with the USPS.
Top Draw Media has announced two major contracts, one for $950K on February 2nd, and another for $1.15M on April 21st of this year. TDM currently accounts for most of the revenues at GROM.
Grom brought in Melanie Bartlett, a marketing executive known for bringing beloved animated properties to consumers, as a consultant.
Unveiled The Legion of Forgettable Supervillains, an original intellectual property franchise which will debut as a graphic novel in partnership with publisher, Dynamite Entertainment.
Partnered with iconic comedian Maz Jobrani to develop an original animated sitcom, Laugh on Lorb.
Secured Montana Poet Laureate M.L. Smoker to write and consult for the Thunderous graphic novel series, debuting in partnership with publisher Dynamite Entertainment.
Engaged the services of veteran brand builder and design expert Richard Manville’s Richard Manville Studio, to guide design for the company’s holiday entertainment and shopping hub, Santa.com.
Enlisted Afterglow Pictures LLC to assist in the development and distribution of the company’s expanding roster of original animated franchise properties.
GROM shares have passed their SMA20 of $.63 and are moving toward their SMA50 of $.84/share.
We will be back with more on Grom Social Enterprises soon,
The Traders News Team